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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities:    
Net Income $ 97,616 $ 89,901
Items not affecting cash:    
Depreciation and amortization 74,971 63,780
Deferred income taxes 16,326 18,021
Provision for doubtful receivables 1,323 1,323
Employee benefit plan cost (credit) (2,976) (6,087)
Equity earnings in investments (7,930) (6,626)
Other items (2,502) (2,821)
Changes in working capital items:    
Decrease (increase) in current assets 33,976 (5,992)
(Decrease) increase in accounts payable (16,586) 66
Decrease in other current liabilities (3,714) (5,897)
Dividends from investments 6,305 5,964
Cash contributions to pension and other postretirement plans (5,290) (5,095)
Other noncurrent items, net 2,519 (2,255)
Cash Provided by Operating Activities 194,038 144,282
Investing Activities:    
Capital expenditures (150,298) (133,409)
Capital contributions to investments (5,986) (3,938)
Other (206) 128
Cash Used for Investing Activities (156,490) (137,219)
Financing Activities:    
Cash dividends paid on common stock (44,933) (42,763)
Repayments of long-term debt (53,048) (3,655)
Issuance of long-term debt 109,300 0
(Repayments of) proceeds from short-term debt (48,500) 34,500
Other (2,128) (745)
Cash Used for Financing Activities (39,309) (12,663)
Change in cash, cash equivalents, and restricted cash (1,761) (5,600)
Cash, cash equivalents, and restricted cash at beginning of period 17,968 18,835
Cash, cash equivalents, and restricted cash at end of period 16,207 13,235
Significant noncash investing activities:    
Accrued capital expenditures 17,716 11,218
MGE [Member]    
Operating Activities:    
Net Income 93,202 84,481
Items not affecting cash:    
Depreciation and amortization 74,971 63,780
Deferred income taxes 15,218 17,706
Provision for doubtful receivables 1,323 1,323
Employee benefit plan cost (credit) (2,976) (6,087)
Other items (2,604) (636)
Changes in working capital items:    
Decrease (increase) in current assets 33,076 (7,238)
(Decrease) increase in accounts payable (16,583) 64
Decrease in other current liabilities (1,809) (3,706)
Cash contributions to pension and other postretirement plans (5,290) (5,095)
Other noncurrent items, net 1,840 (2,806)
Cash Provided by Operating Activities 190,368 141,786
Investing Activities:    
Capital expenditures (150,298) (133,409)
Other (1,338) (680)
Cash Used for Investing Activities (151,636) (134,089)
Financing Activities:    
Cash dividends paid to parent by MGE (30,000) (21,000)
Distributions to parent from noncontrolling interest (17,250) (17,500)
Repayments of long-term debt (53,048) (3,655)
Issuance of long-term debt 109,300 0
(Repayments of) proceeds from short-term debt (48,500) 34,500
Other (2,128) (745)
Cash Used for Financing Activities (41,626) (8,400)
Change in cash, cash equivalents, and restricted cash (2,894) (703)
Cash, cash equivalents, and restricted cash at beginning of period 10,500 7,798
Cash, cash equivalents, and restricted cash at end of period 7,606 7,095
Significant noncash investing activities:    
Accrued capital expenditures $ 17,716 $ 11,218