Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Information

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, 2018
Operating revenues	$	99,067	$	24,980	$	215	$	-	$	-	$	-	$	124,262
Interdepartmental revenues		(245)		3,493		9,847		-		-		(13,095)		-
Total operating revenues		98,822		28,473		10,062		-		-		(13,095)		124,262
Depreciation and amortization		(9,575)		(2,445)		(1,852)		-		-		-		(13,872)
Other operating expenses		(74,535)		(24,232)		(34)		(5)		(448)		13,095		(86,159)
Operating income (loss)		14,712		1,796		8,176		(5)		(448)		-		24,231
Other income, net		1,562		752		-		1,916		501		-		4,731
Interest (expense) income, net		(2,952)		(887)		(1,334)		-		390		-		(4,783)
Income before taxes		13,322		1,661		6,842		1,911		443		-		24,179
Income tax provision		(2,986)		(372)		(1,864)		(522)		(84)		-		(5,828)
Net income	$	10,336	$	1,289	$	4,978	$	1,389	$	359	$	-	$	18,351
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(a)		(78,202)		(23,522)		(62)		-		(217)		14,410		(87,593)
Operating income (loss)		14,800		1,749		9,263		-		(217)		-		25,595
Other income (deductions), net(a)		778		361		-		2,506		(75)		-		3,570
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
Six Months Ended June 30, 2018
Operating revenues	$	193,458	$	87,745	$	691	$	-	$	-	$	-	$	281,894
Interdepartmental revenues		(214)		7,840		19,667		-		-		(27,293)		-
Total operating revenues		193,244		95,585		20,358		-		-		(27,293)		281,894
Depreciation and amortization		(18,953)		(4,840)		(3,702)		-		-		-		(27,495)
Other operating expenses		(151,110)		(79,427)		(77)		(8)		(651)		27,293		(203,980)
Operating income (loss)		23,181		11,318		16,579		(8)		(651)		-		50,419
Other income, net		3,292		1,518		-		4,288		552		-		9,650
Interest (expense) income, net		(5,819)		(1,726)		(2,682)		-		705		-		(9,522)
Income before taxes		20,654		11,110		13,897		4,280		606		-		50,547
Income tax provision		(4,186)		(2,830)		(3,786)		(1,170)		(223)		-		(12,195)
Net income	$	16,468	$	8,280	$	10,111	$	3,110	$	383	$	-	$	38,352
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(a)		(154,208)		(74,493)		(103)		-		(586)		29,769		(199,621)
Operating income (loss)		28,113		11,385		18,519		-		(586)		-		57,431
Other income (deductions), net(a)		1,648		760		-		4,984		(297)		-		7,095
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
(a) Reflects retrospective application of new accounting pronouncement related to pension and other postretirement benefits, see Footnote 2 for further information.

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

(In thousands)MGE		Electric		Gas		Nonregulated Energy		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended June 30, 2018
Operating revenues	$	99,067	$	24,980	$	215	$	-	$	124,262
Interdepartmental revenues		(245)		3,493		9,847		(13,095)		-
Total operating revenues		98,822		28,473		10,062		(13,095)		124,262
Depreciation and amortization		(9,575)		(2,445)		(1,852)		-		(13,872)
Other operating expenses(b)		(77,475)		(24,558)		(1,898)		13,095		(90,836)
Operating income(b)		11,772		1,470		6,312		-		19,554
Other income, net(b)		1,516		706		-		-		2,222
Interest expense, net		(2,952)		(887)		(1,334)		-		(5,173)
Net income		10,336		1,289		4,978		-		16,603
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		(5,505)		(5,505)
Net income attributable to MGE	$	10,336	$	1,289	$	4,978	$	(5,505)	$	11,098
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), (b)		(82,289)		(24,033)		(3,220)		14,411		(95,131)
Operating income(b)		10,713		1,238		6,105		-		18,056
Other income, net(a), (b)		741		351		-		-		1,092
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
Six Months Ended June 30, 2018
Operating revenues	$	193,458	$	87,745	$	691	$	-	$	281,894
Interdepartmental revenues		(214)		7,840		19,667		(27,293)		-
Total operating revenues		193,244		95,585		20,358		(27,293)		281,894
Depreciation and amortization		(18,953)		(4,840)		(3,702)		-		(27,495)
Other operating expenses(b)		(155,206)		(82,199)		(3,863)		27,293		(213,975)
Operating income(b)		19,085		8,546		12,793		-		40,424
Other income, net(b)		3,202		1,460		-		-		4,662
Interest expense, net		(5,819)		(1,726)		(2,682)		-		(10,227)
Net income		16,468		8,280		10,111		-		34,859
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		(11,311)		(11,311)
Net income attributable to MGE	$	16,468	$	8,280	$	10,111	$	(11,311)	$	23,548
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), (b)		(161,715)		(78,698)		(6,412)		29,757		(217,068)
Operating income(b)		20,606		7,180		12,210		-		39,996
Other income, net(a), (b)		1,577		740		-		-		2,317
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
(a) Reflects retrospective application of new accounting pronouncement related to pension and other postretirement benefits, see Footnote 2 for further information.
(b) Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.

The following table shows segment information for assets and capital expenditures:
		Utility						Consolidated
(In thousands)MGE Energy		Electric		Gas		Assets not Allocated		Nonregulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Total
Assets:
June 30, 2018	$	1,112,411	$	333,621	$	17,648	$	266,154	$	64,135	$	477,257	$	(377,781)	$	1,893,445
December 31, 2017		1,043,181		344,337		26,345		270,384		61,783		485,548		(376,396)		1,855,182
Capital Expenditures:
Six Months Ended June 30, 2018	$	82,148	$	14,774	$	-	$	3,467	$	-	$	-	$	-	$	100,389
Year ended Dec. 31, 2017		77,353		26,847		-		3,931		-		-		-		108,131

		Utility						Consolidated
(In thousands)MGE		Electric		Gas		Assets not Allocated		Nonregulated Energy		Elimination Entries		Total
Assets:
June 30, 2018	$	1,112,411	$	333,621	$	17,648	$	266,104	$	(883)	$	1,728,901
December 31, 2017		1,043,181		344,337		26,345		270,334		(156)		1,684,041
Capital Expenditures:
Six Months Ended June 30, 2018	$	82,148	$	14,774	$	-	$	3,467	$	-	$	100,389
Year ended Dec. 31, 2017		77,353		26,847		-		3,931		-		108,131