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Madison Gas and Electric Company Consolidated Statements of Income - USD ($)
$ 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 and Deductions:      
Equity earnings in MGE Transco 10,125 8,428 7,728
Total Other Income and Deductions 10,288 9,711 8,613
Interest Expense:      
Net Interest Expense 19,324 19,866 20,162
Net Income 97,606 75,560 71,343
MGE [Member]      
Operating Revenues:      
Electric revenues 414,277 410,226 420,313
Gas revenues 148,834 134,572 143,752
Total Operating Revenues 563,111 544,798 564,065
Operating Expenses:      
Fuel for electric generation 53,031 60,745 53,866
Purchased power 58,692 56,327 81,237
Cost of gas sold 76,652 66,800 76,124
Other operations and maintenance 172,618 167,077 163,622
Depreciation and amortization 53,077 44,622 44,178
Other general taxes 19,294 20,062 19,879
Income tax provision 18,280 39,616 38,159
Total Operating Expenses 451,644 455,249 477,065
Operating Income (Loss) [1] 111,467 89,549 87,000
Other Income and Deductions:      
AFUDC - equity funds 1,222 1,207 712
Equity earnings in MGE Transco 0 6,366 7,728
Income tax provision (710) (2,175) (3,247)
Other income (deductions), net 1,117 (217) (345)
Total Other Income and Deductions [1] 1,629 5,181 4,848
Income before interest expense 113,096 94,730 91,848
Interest Expense:      
Interest on long-term debt 20,273 20,351 20,520
Other interest, net 163 182 94
AFUDC - borrowed funds (412) (395) (231)
Net Interest Expense 20,024 20,138 20,383
Net Income Including Noncontrolling Interest 93,072 74,592 71,465
Less Net Income Attributable to Noncontrolling Interest, net of tax (43,237) (23,358) (26,097)
Net Income $ 49,835 $ 51,234 $ 45,368
[1]
Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.