Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

The following table shows segment information for MGE Energy's and MGE's operations:

(In thousands)						Non-						Consolidation/
MGE Energy						Regulated		Transmission		All		Elimination		Consolidated
		Electric		Gas		Energy		Investment		Others		Entries		Total
Year Ended December 31, 2013
Operating revenues	$	403,957	$	181,462	$	5,468	$	0	$	0	$	0	$	590,887
Interdepartmental revenues		537		12,629		42,591		0		0		(55,757)		0
Total operating revenues		404,494		194,091		48,059		0		0		(55,757)		590,887
Depreciation and amortization		(25,780)		(5,898)		(7,156)		0		(4)		0		(38,838)
Other operating expenses		(316,277)		(162,661)		(128)		(1)		(752)		55,757		(424,062)
Operating income (loss)		62,437		25,532		40,775		(1)		(756)		0		127,987
Other (deductions) income, net		3,062		59		0		9,434		(1,854)		0		10,701
Interest (expense) income, net		(9,645)		(2,986)		(6,400)		0		107		0		(18,924)
Income (loss) before taxes		55,854		22,605		34,375		9,433		(2,503)		0		119,764
Income tax (provision) benefit		(19,176)		(9,168)		(13,682)		(3,796)		963		0		(44,859)
Net income (loss)	$	36,678	$	13,437	$	20,693	$	5,637	$	(1,540)	$	0	$	74,905

Year Ended December 31, 2012
Operating revenues	$	392,365	$	139,727	$	9,231	$	0	$	0	$	0	$	541,323
Interdepartmental revenues		487		12,814		34,714		0		0		(48,015)		0
Total operating revenues		392,852		152,541		43,945		0		0		(48,015)		541,323
Depreciation and amortization		(26,031)		(5,569)		(7,107)		0		0		0		(38,707)
Other operating expenses		(300,149)		(136,567)		(121)		0		(1,031)		48,015		(389,853)
Operating income (loss)		66,672		10,405		36,717		0		(1,031)		0		112,763
Other (deductions) income, net		1,145		323		0		9,080		(479)		0		10,069
Interest (expense) income, net		(10,189)		(2,874)		(6,537)		0		133		0		(19,467)
Income (loss) before taxes		57,628		7,854		30,180		9,080		(1,377)		0		103,365
Income tax (provision) benefit		(20,906)		(2,769)		(12,113)		(3,648)		517		0		(38,919)
Net income (loss)	$	36,722	$	5,085	$	18,067	$	5,432	$	(860)	$	0	$	64,446

Year Ended December 31, 2011
Operating revenues	$	375,858	$	165,271	$	5,253	$	0	$	0	$	0	$	546,382
Interdepartmental revenues		495		12,440		38,148		0		0		(51,083)		0
Total operating revenues		376,353		177,711		43,401		0		0		(51,083)		546,382
Depreciation and amortization		(28,323)		(5,593)		(7,026)		0		0		0		(40,942)
Other operating expenses		(292,080)		(155,444)		(174)		0		(957)		51,083		(397,572)
Operating income (loss)		55,950		16,674		36,201		0		(957)		0		107,868
Other income, net		71		20		0		8,614		509		0		9,214
Interest (expense) income, net		(10,849)		(3,060)		(6,331)		0		78		0		(20,162)
Income (loss) before taxes		45,172		13,634		29,870		8,614		(370)		0		96,920
Income tax (provision) benefit		(15,334)		(5,249)		(11,988)		(3,467)		46		0		(35,992)
Net income (loss)	$	29,838	$	8,385	$	17,882	$	5,147	$	(324)	$	0	$	60,928

(In thousands)						Non-				Consolidation/
MGE						Regulated		Transmission		Elimination		Consolidated
		Electric		Gas		Energy		Investment		Entries		Total
Year Ended December 31, 2013
Operating revenues	$	403,980	$	181,477	$	5,468	$	0	$	0	$	590,925
Interdepartmental revenues		514		12,614		42,591		0		(55,719)		0
Total operating revenues		404,494		194,091		48,059		0		(55,719)		590,925
Depreciation and amortization		(25,780)		(5,898)		(7,156)		0		0		(38,834)
Other operating expenses*		(335,059)		(171,717)		(13,810)		(1)		55,719		(464,868)
Operating income (loss)*		43,655		16,476		27,093		(1)		0		87,223
Other (deductions) income, net*		2,668		(53)		0		5,638		0		8,253
Interest expense, net		(9,645)		(2,986)		(6,400)		0		0		(19,031)
Net income		36,678		13,437		20,693		5,637		0		76,445
Less: Net income attributable to
noncontrolling interest, net of tax		0		0		0		0		(27,438)		(27,438)
Net income attributable to MGE	$	36,678	$	13,437	$	20,693	$	5,637	$	(27,438)	$	49,007

Year Ended December 31, 2012
Operating revenues	$	392,365	$	139,727	$	9,231	$	0	$	0	$	541,323
Interdepartmental revenues		487		12,814		34,714		0		(48,015)		0
Total operating revenues		392,852		152,541		43,945		0		(48,015)		541,323
Depreciation and amortization		(26,031)		(5,569)		(7,107)		0		0		(38,707)
Other operating expenses*		(320,701)		(139,236)		(12,234)		0		48,015		(424,156)
Operating income*		46,120		7,736		24,604		0		0		78,460
Other income, net*		791		223		0		5,432		0		6,446
Interest expense, net		(10,189)		(2,874)		(6,537)		0		0		(19,600)
Net income		36,722		5,085		18,067		5,432		0		65,306
Less: net income attributable to
noncontrolling interest, net of tax		0		0		0		0		(24,489)		(24,489)
Net income attributable to MGE	$	36,722	$	5,085	$	18,067	$	5,432	$	(24,489)	$	40,817

Year Ended December 31, 2011
Operating revenues	$	375,858	$	165,271	$	5,253	$	0	$	0	$	546,382
Interdepartmental revenues		495		12,440		38,148		0		(51,083)		0
Total operating revenues		376,353		177,711		43,401		0		(51,083)		546,382
Depreciation and amortization		(28,323)		(5,593)		(7,026)		0		0		(40,942)
Other operating expenses*		(307,193)		(160,631)		(12,162)		0		51,083		(428,903)
Operating income*		40,837		11,487		24,213		0		0		76,537
Other (deductions) income, net*		(150)		(42)		0		5,147		0		4,955
Interest expense, net		(10,849)		(3,060)		(6,331)		0		0		(20,240)
Net income		29,838		8,385		17,882		5,147		0		61,252
Less: Net income attributable to
noncontrolling interest, net of tax		0		0		0		0		(23,970)		(23,970)
Net income attributable to MGE	$	29,838	$	8,385	$	17,882	$	5,147	$	(23,970)	$	37,282

*Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.

The following table shows segment information for MGE Energy's and MGE's assets and capital expenditures:

		Utility						Consolidated
(In thousands)						Assets							Consolidation/
MGE Energy						not	Nonregulated			Transmission		All		Elimination
		Electric		Gas		Allocated		Energy		Investment		Others		Entries		Total
Assets:
December 31, 2013	$	899,257	$	265,694	$	19,853	$	288,116	$	64,504	$	431,436	$	(389,800)	$	1,579,060
December 31, 2012		888,444		285,468		18,559		323,216		61,064		413,291		(403,118)		1,586,924
December 31, 2011		794,738		285,702		32,882		299,421		57,006		401,862		(412,729)		1,458,882
Capital Expenditures:
Year ended Dec. 31, 2013	$	100,146	$	15,554	$	0	$	3,347	$	0	$	0	$	0	$	119,047
Year ended Dec. 31, 2012		81,965		13,812		0		2,658		0		0		0		98,435
Year ended Dec. 31, 2011		47,206		15,830		0		2,140		0		0		0		65,176


		Utility						Consolidated
(In thousands)						Assets					Consolidation/
MGE						not	Nonregulated			Transmission		Elimination
		Electric		Gas		Allocated		Energy		Investment		Entries		Total
Assets:
December 31, 2013	$	899,257	$	265,694	$	19,853	$	288,066	$	64,504	$	(6,731)	$	1,530,643
December 31, 2012		888,444		285,468		18,559		323,166		61,064		(23,050)		1,553,651
December 31, 2011		794,738		285,702		32,882		299,171		57,006		(35,706)		1,433,793
Capital Expenditures:
Year ended Dec. 31, 2013	$	100,146	$	15,554	$	0	$	3,347	$	0	$	0	$	119,047
Year ended Dec. 31, 2012		81,965		13,812		0		2,658		0		0		98,435
Year ended Dec. 31, 2011		47,206		15,830		0		2,140		0		0		65,176

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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