Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

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 September 30, 2017
Operating revenues	$	120,649	$	18,778	$	112	$	-	$	-	$	-	$	139,539
Interdepartmental revenues		(110)		3,892		11,130		-		-		(14,912)		-
Total operating revenues		120,539		22,670		11,242		-		-		(14,912)		139,539
Depreciation and amortization		(9,256)		(2,258)		(1,858)		-		-		-		(13,372)
Other operating expenses		(78,886)		(18,940)		(50)		(9)		(193)		14,912		(83,166)
Operating income (loss)		32,397		1,472		9,334		(9)		(193)		-		43,001
Other income (deductions), net		1,440		358		-		2,258		(117)		-		3,939
Interest (expense) income, net		(2,760)		(795)		(1,371)		-		199		-		(4,727)
Income (loss) before taxes		31,077		1,035		7,963		2,249		(111)		-		42,213
Income tax (provision) benefit		(11,175)		(351)		(3,196)		(906)		44		-		(15,584)
Net income (loss)	$	19,902	$	684	$	4,767	$	1,343	$	(67)	$	-	$	26,629

Three Months Ended September 30, 2016
Operating revenues	$	118,933	$	17,570	$	214	$	-	$	-	$	-	$	136,717
Interdepartmental revenues		459		6,040		10,998		-		-		(17,497)		-
Total operating revenues		119,392		23,610		11,212		-		-		(17,497)		136,717
Depreciation and amortization		(7,332)		(2,047)		(1,833)		-		-		-		(11,212)
Other operating expenses		(77,010)		(19,292)		(33)		(13)		(127)		17,497		(78,978)
Operating income (loss)		35,050		2,271		9,346		(13)		(127)		-		46,527
Other income (deductions), net		178		13		-		2,023		(109)		-		2,105
Interest (expense) income, net		(2,855)		(818)		(1,436)		-		71		-		(5,038)
Income (loss) before taxes		32,373		1,466		7,910		2,010		(165)		-		43,594
Income tax (provision) benefit		(11,290)		(494)		(3,175)		(812)		57		-		(15,714)
Net income (loss)	$	21,083	$	972	$	4,735	$	1,198	$	(108)	$	-	$	27,880

Nine Months Ended September 30, 2017
Operating revenues	$	321,279	$	101,285	$	261	$	-	$	-	$	-	$	422,825
Interdepartmental revenues		(334)		11,708		33,307		-		-		(44,681)		-
Total operating revenues		320,945		112,993		33,568		-		-		(44,681)		422,825
Depreciation and amortization		(27,341)		(6,703)		(5,562)		-		-		-		(39,606)
Other operating expenses		(231,827)		(92,670)		(153)		(9)		(779)		44,681		(280,757)
Operating income (loss)		61,777		13,620		27,853		(9)		(779)		-		102,462
Other income (deductions), net		1,821		355		-		7,242		(414)		-		9,004
Interest (expense) income, net		(8,337)		(2,399)		(4,170)		-		399		-		(14,507)
Income (loss) before taxes		55,261		11,576		23,683		7,233		(794)		-		96,959
Income tax (provision) benefit		(18,753)		(4,576)		(9,505)		(2,909)		256		-		(35,487)
Net income (loss)	$	36,508	$	7,000	$	14,178	$	4,324	$	(538)	$	-	$	61,472

Nine Months Ended September 30, 2016
Operating revenues	$	312,470	$	92,368	$	982	$	-	$	-	$	-	$	405,820
Interdepartmental revenues		1,482		17,278		32,894		-		-		(51,654)		-
Total operating revenues		313,952		109,646		33,876		-		-		(51,654)		405,820
Depreciation and amortization		(21,754)		(6,043)		(5,537)		-		(24)		-		(33,358)
Other operating expenses		(230,680)		(88,328)		(115)		(17)		(706)		51,654		(268,192)
Operating income (loss)		61,518		15,275		28,224		(17)		(730)		-		104,270
Other income (deductions), net		492		(13)		-		6,023		224		-		6,726
Interest (expense) income, net		(8,421)		(2,425)		(4,348)		-		199		-		(14,995)
Income (loss) before taxes		53,589		12,837		23,876		6,006		(307)		-		96,001
Income tax (provision) benefit		(17,984)		(5,048)		(9,583)		(2,418)		90		-		(34,943)
Net income (loss)	$	35,605	$	7,789	$	14,293	$	3,588	$	(217)	$	-	$	61,058

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 September 30, 2017
Operating revenues	$	120,648	$	18,779	$	112	$	-	$	-	$	139,539
Interdepartmental revenues		(109)		3,891		11,130		-		(14,912)		-
Total operating revenues		120,539		22,670		11,242		-		(14,912)		139,539
Depreciation and amortization		(9,256)		(2,258)		(1,858)		-		-		(13,372)
Other operating expenses^(a)		(89,544)		(19,145)		(3,246)		-		14,912		(97,023)
Operating income^(a)		21,739		1,267		6,138		-		-		29,144
Other income, net^(a)		923		212		-		-		-		1,135
Interest expense, net		(2,760)		(795)		(1,371)		-		-		(4,926)
Net income		19,902		684		4,767		-		-		25,353
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(5,439)		(5,439)
Net income attributable to MGE	$	19,902	$	684	$	4,767	$	-	$	(5,439)	$	19,914

Three Months Ended September 30, 2016
Operating revenues	$	118,938	$	17,576	$	214	$	-	$	-	$	136,728
Interdepartmental revenues		454		6,034		10,998		-		(17,486)		-
Total operating revenues		119,392		23,610		11,212		-		(17,486)		136,728
Depreciation and amortization		(7,332)		(2,047)		(1,833)		-		-		(11,212)
Other operating expenses^(a)		(88,282)		(19,781)		(3,208)		4		17,486		(93,781)
Operating income^(a)		23,778		1,782		6,171		4		-		31,735
Other income, net^(a)		160		8		-		868		-		1,036
Interest expense, net		(2,855)		(818)		(1,436)		-		-		(5,109)
Net income		21,083		972		4,735		872		-		27,662
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(5,695)		(5,695)
Net income attributable to MGE	$	21,083	$	972	$	4,735	$	872	$	(5,695)	$	21,967

Nine Months Ended September 30, 2017
Operating revenues	$	321,282	$	101,294	$	261	$	-	$	-	$	422,837
Interdepartmental revenues		(337)		11,699		33,307		-		(44,669)		-
Total operating revenues		320,945		112,993		33,568		-		(44,669)		422,837
Depreciation and amortization		(27,341)		(6,703)		(5,562)		-		-		(39,606)
Other operating expenses^(a)		(249,992)		(97,080)		(9,658)		-		44,669		(312,061)
Operating income^(a)		43,612		9,210		18,348		-		-		71,170
Other income, net^(a)		1,233		189		-		-		-		1,422
Interest expense, net		(8,337)		(2,399)		(4,170)		-		-		(14,906)
Net income		36,508		7,000		14,178		-		-		57,686
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(16,224)		(16,224)
Net income attributable to MGE	$	36,508	$	7,000	$	14,178	$	-	$	(16,224)	$	41,462

Nine Months Ended September 30, 2016
Operating revenues	$	312,488	$	92,390	$	982	$	-	$	-	$	405,860
Interdepartmental revenues		1,464		17,256		32,894		-		(51,614)		-
Total operating revenues		313,952		109,646		33,876		-		(51,614)		405,860
Depreciation and amortization		(21,754)		(6,043)		(5,537)		-		-		(33,334)
Other operating expenses^(a)		(248,566)		(93,348)		(9,698)		-		51,614		(299,998)
Operating income^(a)		43,632		10,255		18,641		-		-		72,528
Other income (deductions), net^(a)		394		(41)		-		3,262		-		3,615
Interest expense, net		(8,421)		(2,425)		(4,348)		-		-		(15,194)
Net income		35,605		7,789		14,293		3,262		-		60,949
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(17,899)		(17,899)
Net income attributable to MGE	$	35,605	$	7,789	$	14,293	$	3,262	$	(17,899)	$	43,050

(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.