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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net Income $ 56,181 $ 57,784
Items not affecting cash:    
Depreciation and amortization 42,333 36,977
Deferred income taxes 11,990 114
Provision for doubtful receivables 882 775
Employee benefit plan cost (credit) (4,146) 319
Equity earnings in investments (5,127) (4,908)
Other items (865) 3,994
Changes in working capital items:    
Decrease (increase) in current assets 4,800 (4,999)
Increase (decrease) in current liabilities 6,449 (15,495)
Dividends from investment 3,959 3,900
Cash contributions to pension and other postretirement plans (3,351) (3,087)
Other noncurrent items, net (1,829) 3,159
Cash Provided by Operating Activities 111,276 78,533
Investing Activities:    
Capital expenditures (65,959) (75,667)
Capital contributions to investments (3,330) (2,340)
Other 226 (1)
Cash Used for Investing Activities (69,063) (78,008)
Financing Activities:    
Cash dividends paid on common stock (28,027) (26,761)
Repayments of long-term debt (2,429) (2,371)
Proceeds from Issuance of Long-Term Debt 0 40,000
Repayments of short-term debt (5,500) (21,500)
Other (612) (1,338)
Cash (Used for) Provided by Financing Activities (36,568) (11,970)
Change in cash, cash equivalents, and restricted cash 5,645 (11,445)
Cash, cash equivalents, and restricted cash at beginning of period 18,835 47,039
Cash, cash equivalents, and restricted cash at end of period 24,480 35,594
Significant noncash investing activities:    
Accrued capital expenditures 40,434 12,426
MGE [Member]    
Operating Activities:    
Net Income 51,680 54,528
Items not affecting cash:    
Depreciation and amortization 42,333 36,977
Deferred income taxes 11,248 132
Provision for doubtful receivables 882 775
Employee benefit plan cost (credit) (4,146) 319
Other items 851 4,892
Changes in working capital items:    
Decrease (increase) in current assets 3,605 (12,170)
Increase (decrease) in current liabilities 8,680 (13,873)
Cash contributions to pension and other postretirement plans (3,351) (3,087)
Other noncurrent items, net (2,233) 2,653
Cash Provided by Operating Activities 109,549 71,146
Investing Activities:    
Capital expenditures (65,959) (75,667)
Other (341) (955)
Cash Used for Investing Activities (66,300) (76,622)
Financing Activities:    
Cash dividends paid to parent by MGE (12,000) 0
Distributions to parent from noncontrolling interest (13,250) (7,500)
Repayments of long-term debt (2,429) (2,371)
Proceeds from Issuance of Long-Term Debt 0 40,000
Repayments of short-term debt (5,500) (21,500)
Other (612) (1,338)
Cash (Used for) Provided by Financing Activities (33,791) 7,291
Change in cash, cash equivalents, and restricted cash 9,458 1,815
Cash, cash equivalents, and restricted cash at beginning of period 7,798 6,404
Cash, cash equivalents, and restricted cash at end of period 17,256 8,219
Significant noncash investing activities:    
Accrued capital expenditures $ 40,434 $ 12,426