Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

The following table shows segment information for MGE Energy's and MGE's operations:

(In thousands)MGE Energy		Electric		Gas		Non-Regulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Consolidated Total
Year Ended December 31, 2017
Operating revenues	$	413,926	$	148,825	$	348	$	-	$	-	$	-	$	563,099
Interdepartmental revenues		(510)		14,974		44,468		-		-		(58,932)		-
Total operating revenues		413,416		163,799		44,816		-		-		(58,932)		563,099
Depreciation and amortization		(36,660)		(9,000)		(7,417)		-		-		-		(53,077)
Other operating expenses		(305,539)		(133,479)		(190)		(9)		(1,001)		58,932		(381,286)
Operating income (loss)		71,217		21,320		37,209		(9)		(1,001)		-		128,736
Other income (deductions), net		1,978		362		-		9,844		(1,896)		-		10,288
Interest (expense) income, net		(11,257)		(3,234)		(5,533)		-		700		-		(19,324)
Income (loss) before taxes		61,938		18,448		31,676		9,835		(2,197)		-		119,700
Income tax (provision) benefit^(a)		(20,547)		(7,303)		8,860		(3,954)		850		-		(22,094)
Net income (loss)	$	41,391	$	11,145	$	40,536	$	5,881	$	(1,347)	$	-	$	97,606

Year Ended December 31, 2016
Operating revenues	$	409,006	$	134,543	$	1,196	$	-	$	-	$	-	$	544,745
Interdepartmental revenues		1,912		21,378		43,930		-		-		(67,220)		-
Total operating revenues		410,918		155,921		45,126		-		-		(67,220)		544,745
Depreciation and amortization		(29,122)		(8,128)		(7,372)		-		(24)		-		(44,646)
Other operating expenses		(310,941)		(127,083)		(155)		(17)		(895)		67,220		(371,871)
Operating income (loss)		70,855		20,710		37,599		(17)		(919)		-		128,228
Other income, net		960		30		-		8,429		292		-		9,711
Interest (expense) income, net		(11,147)		(3,223)		(5,768)		-		272		-		(19,866)
Income (loss) before taxes		60,668		17,517		31,831		8,412		(355)		-		118,073
Income tax (provision) benefit		(20,115)		(6,894)		(12,775)		(2,836)		107		-		(42,513)
Net income (loss)	$	40,553	$	10,623	$	19,056	$	5,576	$	(248)	$	-	$	75,560

Year Ended December 31, 2015
Operating revenues	$	412,528	$	143,737	$	7,763	$	-	$	-	$	-	$	564,028
Interdepartmental revenues		513		11,780		39,435		-		-		(51,728)		-
Total operating revenues		413,041		155,517		47,198		-		-		(51,728)		564,028
Depreciation and amortization		(29,945)		(6,758)		(7,475)		-		(47)		-		(44,225)
Other operating expenses		(318,001)		(128,241)		(158)		(19)		(857)		51,728		(395,548)
Operating income (loss)		65,095		20,518		39,565		(19)		(904)		-		124,255
Other income (deductions), net		400		(33)		-		7,728		518		-		8,613
Interest (expense) income, net		(11,187)		(3,203)		(5,993)		-		221		-		(20,162)
Income (loss) before taxes		54,308		17,282		33,572		7,709		(165)		-		112,706
Income tax (provision) benefit		(17,915)		(6,915)		(13,474)		(3,102)		43		-		(41,363)
Net income (loss)	$	36,393	$	10,367	$	20,098	$	4,607	$	(122)	$	-	$	71,343

(a) 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.

(In thousands)MGE		Electric		Gas		Non-Regulated Energy		Transmission Investment^(c)		Consolidation/ Elimination Entries		Consolidated Total
Year Ended December 31, 2017
Operating revenues	$	413,929	$	148,834	$	348	$	-	$	-	$	563,111
Interdepartmental revenues		(513)		14,965		44,468		-		(58,920)		-
Total operating revenues		413,416		163,799		44,816		-		(58,920)		563,111
Depreciation and amortization		(36,660)		(9,000)		(7,417)		-		-		(53,077)
Other operating (expenses) income^(a,b)		(325,532)		(140,625)		8,670		-		58,920		(398,567)
Operating income^(b)		51,224		14,174		46,069		-		-		111,467
Other income, net^(b)		1,424		205		-		-		-		1,629
Interest expense, net		(11,257)		(3,234)		(5,533)		-		-		(20,024)
Net income		41,391		11,145		40,536		-		-		93,072
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(43,237)		(43,237)
Net income attributable to MGE	$	41,391	$	11,145	$	40,536	$	-	$	(43,237)	$	49,835

Year Ended December 31, 2016
Operating revenues	$	409,030	$	134,572	$	1,196	$	-	$	-	$	544,798
Interdepartmental revenues		1,888		21,349		43,930		-		(67,167)		-
Total operating revenues		410,918		155,921		45,126		-		(67,167)		544,798
Depreciation and amortization		(29,122)		(8,128)		(7,372)		-		-		(44,622)
Other operating expenses^(b)		(330,924)		(133,940)		(12,930)		-		67,167		(410,627)
Operating income^(b)		50,872		13,853		24,824		-		-		89,549
Other income (deductions), net^(b)		828		(7)		-		4,360		-		5,181
Interest expense, net		(11,147)		(3,223)		(5,768)		-		-		(20,138)
Net income		40,553		10,623		19,056		4,360		-		74,592
Less: net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(23,358)		(23,358)
Net income attributable to MGE	$	40,553	$	10,623	$	19,056	$	4,360	$	(23,358)	$	51,234

Year Ended December 31, 2015
Operating revenues	$	412,550	$	143,752	$	7,763	$	-	$	-	$	564,065
Interdepartmental revenues		491		11,765		39,435		-		(51,691)		-
Total operating revenues		413,041		155,517		47,198		-		(51,691)		564,065
Depreciation and amortization		(29,945)		(6,758)		(7,475)		-		-		(44,178)
Other operating expenses^(b)		(335,803)		(135,124)		(13,632)		(19)		51,691		(432,887)
Operating income (loss)^(b)		47,293		13,635		26,091		(19)		-		87,000
Other income (deductions), net^(b)		287		(65)		-		4,626		-		4,848
Interest expense, net		(11,187)		(3,203)		(5,993)		-		-		(20,383)
Net income		36,393		10,367		20,098		4,607		-		71,465
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(26,097)		(26,097)
Net income attributable to MGE	$	36,393	$	10,367	$	20,098	$	4,607	$	(26,097)	$	45,368

(a) 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.
(b) Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.
(c) As of July 31, 2016, MGE no longer consolidates MGE Energy's proportionate share of equity earnings in MGE Transco.
See Footnote 4 for further information.

The following table shows segment information for MGE Energy's and MGE's assets and capital expenditures:

		Utility						Consolidated
(In thousands) MGE Energy		Electric		Gas		Assets not Allocated		Non-regulated Energy		Transmission Investment^(d)		All Others		Consolidation/ Elimination Entries		Total
Assets:
December 31, 2017	$	1,043,181	$	344,337	$	26,345	$	270,384	$	61,783	$	485,548	$	(376,396)	$	1,855,182
December 31, 2016		1,021,905		318,603		27,338		271,277		74,535		465,202		(377,800)		1,801,060
December 31, 2015		974,235		298,435		49,753		277,858		69,470		434,868		(378,216)		1,726,403
Capital Expenditures:
Year ended Dec. 31, 2017	$	77,353	$	26,847	$	-	$	3,931	$	-	$	-	$	-	$	108,131
Year ended Dec. 31, 2016		50,699		29,136		-		3,824		-		-		-		83,659
Year ended Dec. 31, 2015		49,370		18,787		-		3,873		-		-		-		72,030

		Utility						Consolidated
(In thousands)MGE		Electric		Gas		Assets not Allocated		Non-regulated Energy		Transmission Investment^(e)		Consolidation/ Elimination Entries		Total
Assets:
December 31, 2017	$	1,043,181	$	344,337	$	26,345	$	270,334	$	-	$	(156)	$	1,684,041
December 31, 2016		1,021,905		318,603		27,338		271,227		-		(221)		1,638,852
December 31, 2015		974,235		298,435		49,753		277,808		69,470		(187)		1,669,514
Capital Expenditures:
Year ended Dec. 31, 2017	$	77,353	$	26,847	$	-	$	3,931	$	-	$	-	$	108,131
Year ended Dec. 31, 2016		50,699		29,136		-		3,824		-		-		83,659
Year ended Dec. 31, 2015		49,370		18,787		-		3,873		-		-		72,030

(d) In December 2017, there was a $20.4 million one-time tax impact as a result of the Tax Act. See Footnote 12 for further information.
(e) In December 2016, MGE's ownership interest in MGE Transco was transferred to MGE Energy. See Footnote 4 for further information.