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Madison Gas and Electric Company Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Revenues:      
Electric revenues $ 410,202 $ 420,291 $ 398,132
Gas revenues 134,543 143,737 221,720
Total Operating Revenues 544,745 564,028 619,852
Operating Expenses:      
Fuel for electric generation 60,736 53,858 42,828
Purchased power 56,313 81,224 73,232
Cost of gas sold 66,771 76,109 143,644
Other operations and maintenance 167,989 164,478 161,703
Depreciation and amortization 44,646 44,225 40,695
Other general taxes 20,062 19,879 19,652
Total Operating Expenses 416,517 439,773 481,754
Operating Income (Loss) 128,228 124,255 138,098
Other Income and Deductions:      
Equity earnings in MGE Transco 8,428 7,728 9,150
Total Other Income and Deductions 9,711 8,613 10,079
Interest Expense:      
Net Interest Expense 19,866 20,162 19,673
Net Income 75,560 71,343 80,319
MGE [Member]      
Operating Revenues:      
Electric revenues 410,226 420,313 398,154
Gas revenues 134,572 143,752 221,741
Total Operating Revenues 544,798 564,065 619,895
Operating Expenses:      
Fuel for electric generation 60,745 53,866 42,836
Purchased power 56,327 81,237 73,245
Cost of gas sold 66,800 76,124 143,665
Other operations and maintenance 167,077 163,622 160,831
Depreciation and amortization 44,622 44,178 40,648
Other general taxes 20,062 19,879 19,652
Income tax provision 39,616 38,159 45,090
Total Operating Expenses 455,249 477,065 525,967
Operating Income (Loss) [1] 89,549 87,000 93,928
Other Income and Deductions:      
AFUDC - equity funds 1,207 712 3,466
Equity earnings in MGE Transco 6,366 7,728 9,150
Income tax provision (2,175) (3,247) (4,055)
Other deductions, net (217) (345) (704)
Total Other Income and Deductions [1] 5,181 4,848 7,857
Income before interest expense 94,730 91,848 101,785
Interest Expense:      
Interest on long-term debt 20,351 20,520 20,927
Other interest, net 182 94 62
AFUDC - borrowed funds (395) (231) (1,142)
Net Interest Expense 20,138 20,383 19,847
Net Income Including Noncontrolling Interest 74,592 71,465 81,938
Less Net Income Attributable to Noncontrolling Interest, net of tax (23,358) (26,097) (26,310)
Net Income $ 51,234 $ 45,368 $ 55,628
[1]
Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.