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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Net Income $ 110,952 $ 105,761 $ 92,418
Items not affecting cash:      
Depreciation and amortization 85,549 76,983 74,188
Deferred income taxes 23,435 4,837 10,363
Provision for doubtful receivables 1,764 1,550 1,415
Employee benefit plan (credit) cost (8,142) (2,203) (3,716)
Equity earnings in investments (9,136) (9,270) (10,221)
Other items (1,535) 120 (2,750)
Changes in working capital items:      
Accounts receivable and unbilled revenues (16,726) (24,651) (5,451)
Inventories (22,226) (6,342) (842)
Prepaid taxes 1,082 (5,035) 1,713
Other current assets (3,729) (192) (1,057)
Accounts payable 5,102 2,729 14,353
Other current liabilities (5,562) (6,734) (5,635)
Dividends from investments 7,090 7,832 8,998
Cash contributions to pension and other postretirement plans (7,308) (6,935) (6,296)
Other noncurrent items, net (6,875) (923) 4,963
Cash Provided by Operating Activities 153,735 137,527 172,443
Investing Activities:      
Capital expenditures (175,030) (153,169) (203,139)
Capital contributions to investments (5,185) (4,027) (5,601)
Other 70 221 (1,672)
Cash Used for Investing Activities (180,145) (156,975) (210,412)
Financing Activities:      
Issuance of common stock, net 0 0 79,635
Cash dividends paid on common stock (57,500) (54,788) (51,729)
Repayment of long-term debt (4,889) (4,771) (38,959)
Issuance of long-term debt 25,000 100,000 19,300
Proceeds from (repayments of) short-term debt 65,000 (47,000) 52,500
Other (2,068) (2,197) (1,553)
Cash Provided by (Used for) Financing Activities 25,543 (8,756) 59,194
Change in cash, cash equivalents, and restricted cash: (867) (28,204) 21,225
Cash, cash equivalents, and restricted cash at beginning of period 18,835 47,039 25,814
Cash, cash equivalents, and restricted cash at end of period 17,968 18,835 47,039
Supplemential Disclosures of Cash Flow Information:      
Interest paid 25,957 23,502 23,898
Income taxes paid 7,966 4,000 8,127
Income taxes received (4,800) 0 0
Significant noncash investing activities:      
Accrued capital expenditures 5,970 14,414 5,719
MGE [Member]      
Operating Activities:      
Net Income 105,492 100,782 85,523
Items not affecting cash:      
Depreciation and amortization 85,549 76,983 74,188
Deferred income taxes 22,767 3,654 8,543
Provision for doubtful receivables 1,764 1,550 1,415
Employee benefit plan (credit) cost (8,142) (2,203) (3,716)
Other items 672 2,002 (1,828)
Changes in working capital items:      
Accounts receivable and unbilled revenues (16,697) (24,680) (5,453)
Inventories (22,226) (6,342) (842)
Prepaid taxes 912 (4,531) 616
Other current assets (3,774) (148) (1,157)
Accounts payable 5,104 2,775 14,603
Accrued interest and taxes (2,737) 244 1,651
Other current liabilities (2,541) (11,107) (4,909)
Cash contributions to pension and other postretirement plans (7,308) (6,935) (6,296)
Other noncurrent items, net (7,768) (1,804) 3,980
Cash Provided by Operating Activities 151,067 130,240 166,318
Investing Activities:      
Capital expenditures (175,030) (153,169) (203,139)
Other (1,065) (1,709) (2,122)
Cash Used for Investing Activities (176,095) (154,878) (205,261)
Financing Activities:      
Cash dividends paid to parent by MGE (33,500) (5,000) 0
Distributions to parent from noncontrolling interest (22,000) (15,000) (21,500)
Capital contributions from parent 0 0 30,000
Repayment of long-term debt (4,889) (4,771) (38,959)
Issuance of long-term debt 25,000 100,000 19,300
Proceeds from (repayments of) short-term debt 65,000 (47,000) 52,500
Other (1,881) (2,197) (1,523)
Cash Provided by (Used for) Financing Activities 27,730 26,032 39,818
Change in cash, cash equivalents, and restricted cash: 2,702 1,394 875
Cash, cash equivalents, and restricted cash at beginning of period 7,798 6,404 5,529
Cash, cash equivalents, and restricted cash at end of period 10,500 7,798 6,404
Supplemential Disclosures of Cash Flow Information:      
Interest paid 25,957 23,502 23,898
Significant noncash investing activities:      
Accrued capital expenditures $ 5,970 $ 14,414 $ 5,719