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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities:    
Net Income $ 98,547 $ 97,616
Items not affecting cash:    
Depreciation and amortization 80,636 74,971
Deferred income taxes 170 16,326
Provision for doubtful receivables 6,600 1,323
Employee benefit plan cost (credit) 424 (2,976)
Equity earnings in investments (8,427) (7,930)
Other items 1,247 (2,502)
Changes in working capital items:    
Current assets 27,544 33,976
Accounts payable (11,699) (16,586)
Deferred income taxes 7,146 0
Other current liabilities 2,120 (3,714)
Dividends from investments 6,414 6,305
Cash contributions to pension and other postretirement plans (5,511) (5,290)
Other noncurrent items, net 4,625 2,519
Cash Provided by Operating Activities 209,836 194,038
Investing Activities:    
Capital expenditures (164,064) (150,298)
Capital contributions to investments (4,348) (5,986)
Other 801 (206)
Cash Used for Investing Activities (167,611) (156,490)
Financing Activities:    
Issuance of common stock, net 2,591 0
Cash dividends paid on common stock (47,210) (44,933)
Repayments of long-term debt (3,847) (53,048)
Issuance of long-term debt 0 109,300
Proceeds from (repayments of) short-term debt 10,500 (48,500)
Other (879) (2,128)
Cash Used for Financing Activities (38,845) (39,309)
Change in cash, cash equivalents, and restricted cash 3,380 (1,761)
Cash, cash equivalents, and restricted cash at beginning of period 15,026 17,968
Cash, cash equivalents, and restricted cash at end of period 18,406 16,207
Significant noncash investing activities:    
Accrued capital expenditures 9,194 17,716
MGE [Member]    
Operating Activities:    
Net Income 93,064 93,202
Items not affecting cash:    
Depreciation and amortization 80,636 74,971
Deferred income taxes 387 15,218
Provision for doubtful receivables 6,600 1,323
Employee benefit plan cost (credit) 424 (2,976)
Other items 1,911 (2,604)
Changes in working capital items:    
Current assets 27,668 33,076
Accounts payable (11,697) (16,583)
Deferred income taxes 7,146 0
Other current liabilities 2,904 (1,809)
Cash contributions to pension and other postretirement plans (5,511) (5,290)
Other noncurrent items, net 3,171 1,840
Cash Provided by Operating Activities 206,703 190,368
Investing Activities:    
Capital expenditures (164,064) (150,298)
Other (1,447) (1,338)
Cash Used for Investing Activities (165,511) (151,636)
Financing Activities:    
Cash dividends paid to parent by MGE (31,000) (30,000)
Distributions to parent from noncontrolling interest (16,000) (17,250)
Repayments of long-term debt (3,847) (53,048)
Issuance of long-term debt 0 109,300
Proceeds from (repayments of) short-term debt 10,500 (48,500)
Other (879) (2,128)
Cash Used for Financing Activities (41,226) (41,626)
Change in cash, cash equivalents, and restricted cash (34) (2,894)
Cash, cash equivalents, and restricted cash at beginning of period 6,705 10,500
Cash, cash equivalents, and restricted cash at end of period 6,671 7,606
Significant noncash investing activities:    
Accrued capital expenditures $ 9,194 $ 17,716