XML 23 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
MGE Energy Inc Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues:      
Electric revenues $ 402,001 $ 414,274 $ 410,202
Gas revenues 157,767 148,825 134,543
Total Operating Revenues 559,768 563,099 544,745
Operating Expenses:      
Fuel for electric generation 56,141 53,029 60,736
Purchased power 50,807 58,690 56,313
Cost of gas sold 84,968 76,644 66,771
Other operations and maintenance 177,823 177,740 172,335
Depreciation and amortization 56,412 53,077 44,646
Other general taxes 19,410 19,294 20,062
Total Operating Expenses 445,561 438,474 420,863
Operating Income (Loss) 114,207 124,625 123,882
Other income, net 17,055 14,399 [1] 14,057 [1]
Interest expense, net (19,609) (19,324) (19,866)
Income before income taxes 111,653 119,700 118,073
Income tax provision (27,434) (22,094) [2] (42,513)
Net Income $ 84,219 $ 97,606 $ 75,560
Earnings Per Share of Common Stock (basic and diluted) $ 2.43 $ 2.82 $ 2.18
Dividends per share of common stock $ 1.32 $ 1.26 $ 1.21
Weighted Average Shares Outstanding (basic and diluted) 34,668 34,668 34,668
[1]
Reflects retrospective application of new accounting pronouncement related to pension and other postretirement benefits. See Footnote 2 for further information.
[2]
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.