Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

The following tables show segment information for MGE Energy's operations for the indicated periods:

(In thousands)MGE Energy		Electric		Gas		Non- Regulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended September 30, 2015
Operating revenues	$	121,453	$	17,431	$	1,911	$	-	$	-	$	-	$	140,795
Interdepartmental revenues		163		3,855		9,866		-		-		(13,884)		-
Total operating revenues		121,616		21,286		11,777		-		-		(13,884)		140,795
Depreciation and amortization		(7,584)		(1,714)		(1,872)		-		(12)		-		(11,182)
Other operating expenses		(80,202)		(16,906)		(36)		(15)		(161)		13,884		(83,436)
Operating income (loss)		33,830		2,666		9,869		(15)		(173)		-		46,177
Other (deductions) income, net		141		(7)		-		2,397		33		-		2,564
Interest (expense) income, net		(2,798)		(804)		(1,491)		-		57		-		(5,036)
Income (loss) before taxes		31,173		1,855		8,378		2,382		(83)		-		43,705
Income tax (provision) benefit		(10,321)		(732)		(3,362)		(962)		26		-		(15,351)
Net income (loss)	$	20,852	$	1,123	$	5,016	$	1,420	$	(57)	$	-	$	28,354

Three Months Ended September 30, 2014
Operating revenues	$	112,869	$	21,404	$	862	$	-	$	-	$	-	$	135,135
Interdepartmental revenues		156		1,614		10,674		-		-		(12,444)		-
Total operating revenues		113,025		23,018		11,536		-		-		(12,444)		135,135
Depreciation and amortization		(6,931)		(1,575)		(1,858)		-		(12)		-		(10,376)
Other operating expenses		(74,573)		(22,199)		(35)		-		(276)		12,444		(84,639)
Operating income (loss)		31,521		(756)		9,643		-		(288)		-		40,120
Other income, net		136		8		-		2,423		69		-		2,636
Interest (expense) income, net		(2,832)		(808)		(1,545)		-		44		-		(5,141)
Income (loss) before taxes		28,825		(1,556)		8,098		2,423		(175)		-		37,615
Income tax (provision) benefit		(10,758)		651		(3,251)		(963)		35		-		(14,286)
Net income (loss)	$	18,067	$	(905)	$	4,847	$	1,460	$	(140)	$	-	$	23,329

Nine Months Ended September 30, 2015
Operating revenues	$	319,174	$	108,028	$	5,853	$	-	$	-	$	-	$	433,055
Interdepartmental revenues		400		8,871		29,566		-		-		(38,837)		-
Total operating revenues		319,574		116,899		35,419		-		-		(38,837)		433,055
Depreciation and amortization		(22,372)		(5,018)		(5,601)		-		(35)		-		(33,026)
Other operating expenses		(239,963)		(96,063)		(122)		(15)		(626)		38,837		(297,952)
Operating income (loss)		57,239		15,818		29,696		(15)		(661)		-		102,077
Other (deductions) income, net		247		(33)		-		6,568		333		-		7,115
Interest (expense) income, net		(8,385)		(2,398)		(4,516)		-		164		-		(15,135)
Income (loss) before taxes		49,101		13,387		25,180		6,553		(164)		-		94,057
Income tax (provision) benefit		(15,868)		(5,370)		(10,106)		(2,637)		35		-		(33,946)
Net income (loss)	$	33,233	$	8,017	$	15,074	$	3,916	$	(129)	$	-	$	60,111

Nine Months Ended September 30, 2014
Operating revenues	$	308,418	$	163,335	$	2,392	$	-	$	-	$	-	$	474,145
Interdepartmental revenues		401		7,130		32,017		-		-		(39,548)		-
Total operating revenues		308,819		170,465		34,409		-		-		(39,548)		474,145
Depreciation and amortization		(19,909)		(4,700)		(5,547)		-		(35)		-		(30,191)
Other operating expenses		(229,286)		(144,907)		(105)		-		(672)		39,548		(335,422)
Operating income (loss)		59,624		20,858		28,757		-		(707)		-		108,532
Other (deductions) income, net		2,999		(44)		-		7,306		475		-		10,736
Interest (expense) income, net		(7,571)		(2,429)		(4,676)		-		126		-		(14,550)
Income (loss) before taxes		55,052		18,385		24,081		7,306		(106)		-		104,718
Income tax provision		(19,602)		(7,378)		(9,665)		(2,924)		(16)		-		(39,585)
Net income (loss)	$	35,450	$	11,007	$	14,416	$	4,382	$	(122)	$	-	$	65,133

The following tables show segment information for MGE's operations for the indicated periods:

(In thousands)MGE		Electric		Gas		Non- Regulated Energy		Transmission Investment		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended September 30, 2015
Operating revenues	$	121,460	$	17,435	$	1,911	$	-	$	-	$	140,806
Interdepartmental revenues		156		3,851		9,866		-		(13,873)		-
Total operating revenues		121,616		21,286		11,777		-		(13,873)		140,806
Depreciation and amortization		(7,584)		(1,714)		(1,872)		-		-		(11,170)
Other operating expenses*		(90,511)		(17,635)		(3,398)		(15)		13,873		(97,686)
Operating income (loss)*		23,521		1,937		6,507		(15)		-		31,950
Other (deductions) income, net*		129		(10)		-		1,435		-		1,554
Interest expense, net		(2,798)		(804)		(1,491)		-		-		(5,093)
Net income		20,852		1,123		5,016		1,420		-		28,411
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,633)		(6,633)
Net income attributable to MGE	$	20,852	$	1,123	$	5,016	$	1,420	$	(6,633)	$	21,778

Three Months Ended September 30, 2014
Operating revenues	$	112,875	$	21,410	$	862	$	-	$	-	$	135,147
Interdepartmental revenues		150		1,608		10,674		-		(12,432)		-
Total operating revenues		113,025		23,018		11,536		-		(12,432)		135,147
Depreciation and amortization		(6,931)		(1,575)		(1,858)		-		-		(10,364)
Other operating expenses*		(85,314)		(21,544)		(3,286)		-		12,432		(97,712)
Operating income (loss)*		20,780		(101)		6,392		-		-		27,071
Other income, net*		119		4		-		1,460		-		1,583
Interest expense, net		(2,832)		(808)		(1,545)		-		-		(5,185)
Net income (loss)		18,067		(905)		4,847		1,460		-		23,469
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,653)		(6,653)
Net income (loss) attributable to MGE	$	18,067	$	(905)	$	4,847	$	1,460	$	(6,653)	$	16,816

Nine Months Ended September 30, 2015
Operating revenues	$	319,191	$	108,039	$	5,853	$	-	$	-	$	433,083
Interdepartmental revenues		383		8,860		29,566		-		(38,809)		-
Total operating revenues		319,574		116,899		35,419		-		(38,809)		433,083
Depreciation and amortization		(22,372)		(5,018)		(5,601)		-		-		(32,991)
Other operating expenses*		(255,732)		(101,405)		(10,228)		(15)		38,809		(328,571)
Operating income (loss)*		41,470		10,476		19,590		(15)		-		71,521
Other (deductions) income, net*		148		(61)		-		3,931		-		4,018
Interest expense, net		(8,385)		(2,398)		(4,516)		-		-		(15,299)
Net income		33,233		8,017		15,074		3,916		-		60,240
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(19,812)		(19,812)
Net income attributable to MGE	$	33,233	$	8,017	$	15,074	$	3,916	$	(19,812)	$	40,428

Nine Months Ended September 30, 2014
Operating revenues	$	308,435	$	163,351	$	2,392	$	-	$	-	$	474,178
Interdepartmental revenues		384		7,114		32,017		-		(39,515)		-
Total operating revenues		308,819		170,465		34,409		-		(39,515)		474,178
Depreciation and amortization		(19,909)		(4,700)		(5,547)		-		-		(30,156)
Other operating expenses*		(248,525)		(152,182)		(9,770)		-		39,515		(370,962)
Operating income (loss)*		40,385		13,583		19,092		-		-		73,060
Other (deductions) income, net*		2,636		(147)		-		4,382		-		6,871
Interest expense, net		(7,571)		(2,429)		(4,676)		-		-		(14,676)
Net income		35,450		11,007		14,416		4,382		-		65,255
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(19,784)		(19,784)
Net income attributable to MGE	$	35,450	$	11,007	$	14,416	$	4,382	$	(19,784)	$	45,471
*Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statement of Income.