XML 32 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Madison Gas and Electric Company Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Items not affecting cash:      
Depreciation and amortization $ 44,646 $ 44,225 $ 40,695
Deferred income taxes 22,421 21,927 49,884
Provision for doubtful receivables 1,196 596 1,898
Employee benefit plan expenses 295 3,333 (1,080)
Equity earnings in MGE Transco (8,428) (7,728) (9,150)
Other items 1,426 721 729
Changes in working capital items:      
Trade and other receivables (change) (5,666) 4,508 2,115
Inventories (change) 7,273 (2,646) (10,399)
Unbilled revenues (change) (4,838) 6,254 720
Prepaid taxes (change) 8,616 3,658 (19,804)
Other current assets (change) 700 978 (5,693)
Accounts payable (change) 9,881 (3,499) 2,756
Other current liabilities (change) (1,738) (597) (4,195)
Dividend income from MGE Transco 7,926 6,645 7,740
Cash contributions to pension and other postretirement plans (14,452) (13,676) (3,321)
Other noncurrent items, net 2,695 5,143 (4,452)
Cash Provided by Operating Activities 147,513 141,185 128,762
Investing Activities:      
Capital expenditures (83,659) (72,030) (92,676)
Capital contributions to MGE Transco (2,958) (1,053) (2,185)
Other investing (209) (230) (1,297)
Cash Used for Investing Activities (86,826) (73,313) (96,158)
Financing Activities:      
Repayment of long-term debt (4,267) (4,182) (4,103)
(Decrease) increase in short-term debt 0 (7,000) 7,000
Other financing (70) (1,018) (130)
Cash Used for Financing Activities (46,112) (52,243) (35,662)
Change in cash and cash equivalents: 14,575 15,629 (3,058)
Cash and cash equivalents at beginning of period 81,384 65,755 68,813
Cash and cash equivalents at end of period 95,959 81,384 65,755
Supplemental disclosures of cash flow information:      
Interest paid 19,415 19,636 20,478
Income taxes paid 21,831 23,800 19,579
Income taxes received (10,000) (10,130) (644)
Significant noncash investing activities:      
Accrued capital expenditures 16,376 3,963 1,569
MGE [Member]      
Operating Activities:      
Net Income 74,592 71,465 81,938
Items not affecting cash:      
Depreciation and amortization 44,622 44,178 40,648
Deferred income taxes 20,876 18,843 49,603
Provision for doubtful receivables 1,196 596 1,898
Employee benefit plan expenses 295 3,333 (1,080)
Equity earnings in MGE Transco (6,366) (7,728) (9,150)
Other items 1,954 1,223 1,280
Changes in working capital items:      
Trade and other receivables (change) (3,583) 11,079 (4,455)
Inventories (change) 7,273 (2,647) (10,398)
Unbilled revenues (change) (4,838) 6,254 720
Prepaid taxes (change) 8,481 4,824 (15,169)
Other current assets (change) 699 976 (5,693)
Accounts payable (change) 9,941 (3,587) 2,741
Accrued interest and taxes (change) 419 (18) (1,001)
Other current liabilities (change) (2,137) 1,885 (3,144)
Dividend income from MGE Transco 5,032 6,645 7,740
Cash contributions to pension and other postretirement plans (14,452) (13,677) (3,321)
Other noncurrent items, net 2,497 4,816 (4,619)
Cash Provided by Operating Activities 146,501 148,460 128,538
Investing Activities:      
Capital expenditures (83,659) (72,030) (92,676)
Capital contributions to MGE Transco (1,598) (710) (1,775)
Other investing (391) (180) (1,146)
Cash Used for Investing Activities (85,648) (72,920) (95,597)
Financing Activities:      
Cash dividends paid to parent by MGE (50,000) (30,000) (26,500)
Distributions to parent from noncontrolling interest (24,113) (14,708) (21,359)
Equity contribution received by noncontrolling interest 1,598 3,230 1,775
Repayment of long-term debt (4,267) (4,182) (4,103)
(Decrease) increase in short-term debt 0 (7,000) 7,000
Other financing (63) (682) 0
Cash Used for Financing Activities (76,845) (53,342) (43,187)
Change in cash and cash equivalents: (15,992) 22,198 (10,246)
Cash and cash equivalents at beginning of period 26,760 4,562 14,808
Cash and cash equivalents at end of period 10,768 26,760 4,562
Supplemental disclosures of cash flow information:      
Interest paid 19,415 19,636 20,478
Income taxes paid 29 29 67
Income taxes received 0 0 (644)
Significant noncash investing activities:      
Accrued capital expenditures 16,376 3,963 1,569
Dividend in kind to parent $ 15,822 $ 0 $ 0