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MGE Energy Inc Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Revenues:      
Electric revenues $ 414,274 $ 410,202 $ 420,291
Gas revenues 148,825 134,543 143,737
Total Operating Revenues 563,099 544,745 564,028
Operating Expenses:      
Fuel for electric generation 53,029 60,736 53,858
Purchased power 58,690 56,313 81,224
Cost of gas sold 76,644 66,771 76,109
Other operations and maintenance 173,629 167,989 164,478
Depreciation and amortization 53,077 44,646 44,225
Other general taxes 19,294 20,062 19,879
Total Operating Expenses 434,363 416,517 439,773
Operating Income (Loss) 128,736 128,228 124,255
Other income, net 10,288 9,711 8,613
Interest expense, net (19,324) (19,866) (20,162)
Income before income taxes 119,700 118,073 112,706
Income tax provision (22,094) [1] (42,513) (41,363)
Net Income $ 97,606 $ 75,560 $ 71,343
Earnings Per Share of Common Stock (basic and diluted) $ 2.82 $ 2.18 $ 2.06
Dividends per share of common stock $ 1.26 $ 1.21 $ 1.16
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668
[1]
In December 2017, there was a $21.7 million one-time tax impact as a result of the Tax Act. See Footnote 12 for further information.