XML 28 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
MGE Energy Inc Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:      
Net Income $ 84,219 $ 97,606 $ 75,560
Items not affecting cash:      
Depreciation and amortization 56,412 53,077 44,646
Deferred income taxes 3,749 (4,082) 22,421
Provision for doubtful receivables 1,366 1,016 1,196
Employee benefit plan (credit) cost (2,002) 831 295
Equity earnings in ATC (8,821) (10,125) (8,428)
Gain on sale of property 0 (1,547) 0
Other items (814) 641 2,462
Changes in working capital items:      
Trade and other receivables (change) (2,235) (4,502) (3,594)
Inventories (change) 2,724 (2,568) 7,273
Unbilled revenues (change) 3,157 (1,554) (4,838)
Prepaid taxes (change) 10,320 101 8,616
Other current assets (change) 251 (2,786) 15
Accounts payable (change) (4,855) (5,290) 9,881
Other current liabilities (change) 11,957 3,948 (1,738)
Dividends from investment 6,958 8,803 5,854
Cash contributions to pension and other postretirement plans (5,584) (11,304) (14,452)
Other noncurrent items, net (3,762) 9,108 2,695
Cash Provided by Operating Activities 153,040 131,373 147,864
Investing Activities:      
Capital expenditures (212,197) (108,131) (83,659)
Capital contributions to investments (5,926) (11,081) (2,958)
Proceeds from sale of property 0 2,819 0
Other (205) 118 (196)
Cash Used for Investing Activities (218,328) (116,275) (86,813)
Financing Activities:      
Cash dividends paid on common stock (45,762) (43,682) (41,775)
Repayment of long-term debt (24,453) (34,358) (4,267)
Issuance of long-term debt 100,000 70,000 0
Proceeds from short-term debt 9,000 4,000 0
Other (662) (597) (70)
Cash Provided by (Used for) Financing Activities 38,123 (4,637) (46,112)
Change in cash, cash equivalents, and restricted cash: (27,165) 10,461 14,939
Cash, cash equivalents, and restricted cash at beginning of period 112,094 101,633 86,694
Cash, cash equivalents, and restricted cash at end of period 84,929 112,094 101,633
Supplemental disclosures of cash flow information:      
Interest paid 20,018 19,176 19,415
Income taxes paid 12,597 27,149 21,831
Income taxes received (59) 0 (10,000)
Significant noncash investing activities:      
Accrued capital expenditures $ 11,129 $ 16,602 $ 16,376