Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

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, 2019
Operating revenues	$	408,285	$	159,875	$	695	$	-	$	-	$	-	$	568,855
Interdepartmental revenues		806		16,070		40,020		-		-		(56,896)		-
Total operating revenues		409,091		175,945		40,715		-		-		(56,896)		568,855
Depreciation and amortization		(52,755)		(11,320)		(7,487)		-		-		-		(71,562)
Other operating expenses		(297,156)		(145,097)		(144)		-		(882)		56,896		(386,383)
Operating income (loss)		59,180		19,528		33,084		-		(882)		-		110,910
Other income (deductions), net		7,153		3,550		-		9,547		(1,439)		-		18,811
Interest (expense) income, net		(14,978)		(4,237)		(5,083)		-		1,235		-		(23,063)
Income (loss) before taxes		51,355		18,841		28,001		9,547		(1,086)		-		106,658
Income tax (provision) benefit		(5,037)		(4,753)		(7,628)		(2,602)		236		-		(19,784)
Net income (loss)	$	46,318	$	14,088	$	20,373	$	6,945	$	(850)	$	-	$	86,874
Year Ended December 31, 2018
Operating revenues	$	400,882	$	157,767	$	1,119	$	-	$	-	$	-	$	559,768
Interdepartmental revenues		(289)		16,076		39,526		-		-		(55,313)		-
Total operating revenues		400,593		173,843		40,645		-		-		(55,313)		559,768
Depreciation and amortization		(38,925)		(10,060)		(7,427)		-		-		-		(56,412)
Other operating expenses		(297,374)		(145,883)		(144)		(16)		(1,045)		55,313		(389,149)
Operating income (loss)		64,294		17,900		33,074		(16)		(1,045)		-		114,207
Other income (deductions), net		7,294		3,132		-		8,602		(1,973)		-		17,055
Interest (expense) income, net		(12,198)		(3,692)		(5,307)		-		1,588		-		(19,609)
Income (loss) before taxes		59,390		17,340		27,767		8,586		(1,430)		-		111,653
Income tax (provision) benefit		(13,453)		(4,474)		(7,534)		(2,345)		372		-		(27,434)
Net income (loss)	$	45,937	$	12,866	$	20,233	$	6,241	$	(1,058)	$	-	$	84,219
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		(308,100)		(135,028)		(190)		(9)		(1,002)		58,932		(385,397)
Operating income (loss)		68,656		19,771		37,209		(9)		(1,002)		-		124,625
Other income (deductions), net		4,539		1,911		-		9,844		(1,895)		-		14,399
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

(a) In December 2017, there was a $21.7 million one-time tax impact as a result of the Tax Act.

(In thousands) MGE		Electric		Gas		Non-Regulated Energy		Consolidation/ Elimination Entries		Consolidated Total
Year Ended December 31, 2019
Operating revenues	$	408,285	$	159,875	$	695	$	-	$	568,855
Interdepartmental revenues		806		16,070		40,020		(56,896)		-
Total operating revenues		409,091		175,945		40,715		(56,896)		568,855
Depreciation and amortization		(52,755)		(11,320)		(7,487)		-		(71,562)
Other operating expenses		(297,156)		(145,097)		(144)		56,896		(385,501)
Operating income		59,180		19,528		33,084		-		111,792
Other income, net		7,153		3,550		-		-		10,703
Interest expense, net		(14,978)		(4,237)		(5,083)		-		(24,298)
Income before taxes		51,355		18,841		28,001		-		98,197
Income tax provision		(5,037)		(4,753)		(7,628)		-		(17,418)
Net income		46,318		14,088		20,373		-		80,779
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		(22,349)		(22,349)
Net income attributable to MGE	$	46,318	$	14,088	$	20,373	$	(22,349)	$	58,430
Year Ended December 31, 2018
Operating revenues	$	400,882	$	157,767	$	1,119	$	-	$	559,768
Interdepartmental revenues		(289)		16,076		39,526		(55,313)		-
Total operating revenues		400,593		173,843		40,645		(55,313)		559,768
Depreciation and amortization		(38,925)		(10,060)		(7,427)		-		(56,412)
Other operating expenses		(297,374)		(145,883)		(144)		55,313		(388,088)
Operating income		64,294		17,900		33,074		-		115,268
Other income, net		7,294		3,132		-		-		10,426
Interest expense, net		(12,198)		(3,692)		(5,307)		-		(21,197)
Income before taxes		59,390		17,340		27,767		-		104,497
Income tax provision		(13,453)		(4,474)		(7,534)		-		(25,461)
Net income		45,937		12,866		20,233		-		79,036
Less: net income attributable to
noncontrolling interest, net of tax		-		-		-		(22,552)		(22,552)
Net income attributable to MGE	$	45,937	$	12,866	$	20,233	$	(22,552)	$	56,484
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		(308,100)		(135,028)		(190)		58,920		(384,398)
Operating income		68,656		19,771		37,209		-		125,636
Other income, net		4,539		1,911		-		-		6,450
Interest expense, net		(11,257)		(3,234)		(5,533)		-		(20,024)
Income before taxes		61,938		18,448		31,676		-		112,062
Income tax (provision) benefit(a)		(20,547)		(7,303)		8,860		-		(18,990)
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

(a) In December 2017, there was a $21.7 million one-time tax impact as a result of the Tax Act.

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		Non-regulated Energy		Transmission Investment(b)		All Others		Consolidation/ Elimination Entries		Total
Assets:
December 31, 2019	$	1,308,277	$	408,001	$	258,004	$	71,668	$	443,278	$	(407,564)	$	2,081,664
December 31, 2018		1,193,083		377,005		265,301		66,366		465,661		(378,798)		1,988,618
December 31, 2017		1,058,988		354,875		270,384		61,783		485,548		(376,396)		1,855,182
Capital Expenditures:
Year ended Dec. 31, 2019	$	125,086	$	36,193	$	2,757	$	-	$	-	$	-	$	164,036
Year ended Dec. 31, 2018		176,399		30,497		5,301		-		-		-		212,197
Year ended Dec. 31, 2017		77,353		26,847		3,931		-		-		-		108,131

		Utility				Consolidated
(In thousands) MGE		Electric		Gas		Non-regulated Energy		Consolidation/ Elimination Entries		Total
Assets:
December 31, 2019	$	1,308,277	$	408,001	$	257,954	$	(755)	$	1,973,477
December 31, 2018		1,193,083		377,005		265,251		(448)		1,834,891
December 31, 2017		1,058,988		354,875		270,334		(156)		1,684,041
Capital Expenditures:
Year ended Dec. 31, 2019	$	125,086	$	36,193	$	2,757	$	-	$	164,036
Year ended Dec. 31, 2018		176,399		30,497		5,301		-		212,197
Year ended Dec. 31, 2017		77,353		26,847		3,931		-		108,131

(b) In December 2017, there was a $20.4 million one-time tax impact as a result of the Tax Act.