Segment Information

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information - MGE Energy and MGE.

MGE Energy operates in the following business segments: electric utility, gas utility, nonregulated energy, transmission investment, and all other. See MGE Energy's and MGE's 2016 Annual Report on Form 10-K for additional discussion of each of these segments.

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

(In thousands)MGE Energy		Electric		Gas		Nonregulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended June 30, 2017
Operating revenues	$	102,306	$	24,081	$	76	$	-	$	-	$	-	$	126,463
Interdepartmental revenues		(119)		3,422		11,107		-		-		(14,410)		-
Total operating revenues		102,187		27,503		11,183		-		-		(14,410)		126,463
Depreciation and amortization		(9,185)		(2,232)		(1,858)		-		-		-		(13,275)
Other operating expenses		(77,615)		(23,153)		(62)		-		(217)		14,410		(86,637)
Operating income (loss)		15,387		2,118		9,263		-		(217)		-		26,551
Other income (deductions), net		191		(8)		-		2,506		(75)		-		2,614
Interest (expense) income, net		(2,801)		(805)		(1,392)		-		112		-		(4,886)
Income (loss) before taxes		12,777		1,305		7,871		2,506		(180)		-		24,279
Income tax (provision) benefit		(4,124)		(521)		(3,158)		(1,006)		73		-		(8,736)
Net income (loss)	$	8,653	$	784	$	4,713	$	1,500	$	(107)	$	-	$	15,543
Three Months Ended June 30, 2016
Operating revenues	$	100,329	$	20,961	$	286	$	-	$	-	$	-	$	121,576
Interdepartmental revenues		567		6,141		10,919		-		-		(17,627)		-
Total operating revenues		100,896		27,102		11,205		-		-		(17,627)		121,576
Depreciation and amortization		(7,259)		(2,015)		(1,828)		-		(12)		-		(11,114)
Other operating expenses		(78,291)		(21,295)		(35)		(3)		(253)		17,627		(82,250)
Operating income (loss)		15,346		3,792		9,342		(3)		(265)		-		28,212
Other income (deductions), net		118		(18)		-		1,767		312		-		2,179
Interest (expense) income, net		(2,776)		(799)		(1,449)		-		67		-		(4,957)
Income before taxes		12,688		2,975		7,893		1,764		114		-		25,434
Income tax provision		(4,158)		(1,195)		(3,168)		(709)		(54)		-		(9,284)
Net income	$	8,530	$	1,780	$	4,725	$	1,055	$	60	$	-	$	16,150
Six Months Ended June 30, 2017
Operating revenues	$	200,630	$	82,507	$	149	$	-	$	-	$	-	$	283,286
Interdepartmental revenues		(224)		7,816		22,177		-		-		(29,769)		-
Total operating revenues		200,406		90,323		22,326		-		-		(29,769)		283,286
Depreciation and amortization		(18,085)		(4,445)		(3,704)		-		-		-		(26,234)
Other operating expenses		(152,941)		(73,730)		(103)		-		(586)		29,769		(197,591)
Operating income (loss)		29,380		12,148		18,519		-		(586)		-		59,461
Other income (deductions), net		381		(3)		-		4,984		(297)		-		5,065
Interest (expense) income, net		(5,577)		(1,604)		(2,799)		-		200		-		(9,780)
Income (loss) before taxes		24,184		10,541		15,720		4,984		(683)		-		54,746
Income tax (provision) benefit		(7,578)		(4,225)		(6,309)		(2,003)		212		-		(19,903)
Net income (loss)	$	16,606	$	6,316	$	9,411	$	2,981	$	(471)	$	-	$	34,843
Six Months Ended June 30, 2016
Operating revenues	$	193,537	$	74,798	$	768	$	-	$	-	$	-	$	269,103
Interdepartmental revenues		1,023		11,238		21,896		-		-		(34,157)		-
Total operating revenues		194,560		86,036		22,664		-		-		(34,157)		269,103
Depreciation and amortization		(14,422)		(3,996)		(3,704)		-		(24)		-		(22,146)
Other operating expenses		(153,670)		(69,036)		(82)		(4)		(579)		34,157		(189,214)
Operating income (loss)		26,468		13,004		18,878		(4)		(603)		-		57,743
Other income (deductions), net		314		(26)		-		4,000		333		-		4,621
Interest (expense) income, net		(5,566)		(1,607)		(2,912)		-		128		-		(9,957)
Income (loss) before taxes		21,216		11,371		15,966		3,996		(142)		-		52,407
Income tax (provision) benefit		(6,694)		(4,554)		(6,408)		(1,606)		33		-		(19,229)
Net income (loss)	$	14,522	$	6,817	$	9,558	$	2,390	$	(109)	$	-	$	33,178

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

(In thousands)MGE		Electric		Gas		Nonregulated Energy		Transmission Investment(b)		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended June 30, 2017
Operating revenues	$	102,306	$	24,080	$	76	$	-	$	-	$	126,462
Interdepartmental revenues		(119)		3,423		11,107		-		(14,411)		-
Total operating revenues		102,187		27,503		11,183		-		(14,411)		126,462
Depreciation and amortization		(9,185)		(2,232)		(1,858)		-		-		(13,275)
Other operating expenses(a)		(81,702)		(23,664)		(3,220)		-		14,411		(94,175)
Operating income(a)		11,300		1,607		6,105		-		-		19,012
Other income (deductions), net(a)		154		(18)		-		-		-		136
Interest expense, net		(2,801)		(805)		(1,392)		-		-		(4,998)
Net income		8,653		784		4,713		-		-		14,150
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(5,396)		(5,396)
Net income attributable to MGE	$	8,653	$	784	$	4,713	$	-	$	(5,396)	$	8,754
Three Months Ended June 30, 2016
Operating revenues	$	100,336	$	20,967	$	286	$	-	$	-	$	121,589
Interdepartmental revenues		560		6,135		10,919		-		(17,614)		-
Total operating revenues		100,896		27,102		11,205		-		(17,614)		121,589
Depreciation and amortization		(7,259)		(2,015)		(1,828)		-		-		(11,102)
Other operating expenses(a)		(82,405)		(22,476)		(3,203)		(3)		17,614		(90,473)
Operating income (loss)(a)		11,232		2,611		6,174		(3)		-		20,014
Other income (deductions), net(a)		74		(32)		-		1,058		-		1,100
Interest expense, net		(2,776)		(799)		(1,449)		-		-		(5,024)
Net income		8,530		1,780		4,725		1,055		-		16,090
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(5,952)		(5,952)
Net income attributable to MGE	$	8,530	$	1,780	$	4,725	$	1,055	$	(5,952)	$	10,138
Six Months Ended June 30, 2017
Operating revenues	$	200,634	$	82,515	$	149	$	-	$	-	$	283,298
Interdepartmental revenues		(228)		7,808		22,177		-		(29,757)		-
Total operating revenues		200,406		90,323		22,326		-		(29,757)		283,298
Depreciation and amortization		(18,085)		(4,445)		(3,704)		-		-		(26,234)
Other operating expenses(a)		(160,448)		(77,935)		(6,412)		-		29,757		(215,038)
Operating income(a)		21,873		7,943		12,210		-		-		42,026
Other income (deductions), net(a)		310		(23)		-		-		-		287
Interest expense, net		(5,577)		(1,604)		(2,799)		-		-		(9,980)
Net income		16,606		6,316		9,411		-		-		32,333
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(10,785)		(10,785)
Net income attributable to MGE	$	16,606	$	6,316	$	9,411	$	-	$	(10,785)	$	21,548
Six Months Ended June 30, 2016
Operating revenues	$	193,550	$	74,814	$	768	$	-	$	-	$	269,132
Interdepartmental revenues		1,010		11,222		21,896		-		(34,128)		-
Total operating revenues		194,560		86,036		22,664		-		(34,128)		269,132
Depreciation and amortization		(14,422)		(3,996)		(3,704)		-		-		(22,122)
Other operating expenses(a)		(160,284)		(73,567)		(6,490)		(4)		34,128		(206,217)
Operating income (loss)(a)		19,854		8,473		12,470		(4)		-		40,793
Other income (deductions), net(a)		234		(49)		-		2,394		-		2,579
Interest expense, net		(5,566)		(1,607)		(2,912)		-		-		(10,085)
Net income		14,522		6,817		9,558		2,390		-		33,287
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(12,204)		(12,204)
Net income attributable to MGE	$	14,522	$	6,817	$	9,558	$	2,390	$	(12,204)	$	21,083
(a) Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statement of Income.
(b) As of July 31, 2016, MGE no longer consolidates MGE Energy's proportionate share of equity earnings in MGE Transco. See Footnote 3 for further discussion.