XML 38 R3.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net Income $ 26,037 $ 24,007
Items not affecting cash:    
Depreciation and amortization 18,167 17,139
Deferred income taxes 1,433 (1,359)
Provision for doubtful receivables 734 634
Employee benefit plan (credit) cost (940) 474
Equity earnings in ATC (2,266) (2,218)
Other items (1,974) 32
Changes in working capital items:    
Decrease in current assets 14,089 13,665
(Decrease) increase in current liabilities (2,738) 3,182
Dividends from ATC 2,700 2,012
Cash contributions to pension and other postretirement plans (1,470) (957)
Other noncurrent items, net 47 (3,416)
Cash Provided by Operating Activities 53,819 53,195
Investing Activities:    
Capital expenditures (46,758) (31,933)
Capital contributions to investments (1,643) (740)
Other (398) (206)
Cash Used for Investing Activities (48,799) (32,879)
Financing Activities:    
Cash dividends paid on common stock (12,221) (11,701)
Repayment of long-term debt (1,155) (1,129)
Net proceeds from (repayments of) short-term debt 3,000 (7,000)
Other (664) (999)
Cash Used for Financing Activities (11,040) (20,829)
Change in cash, cash equivalents, and restricted cash (6,020) (513)
Cash, cash equivalents, and restricted cash at beginning of period 25,814 84,929
Cash, cash equivalents, and restricted cash at end of period 19,794 84,416
Significant noncash investing activities:    
Accrued capital expenditures 8,129 3,428
MGE [Member]    
Operating Activities:    
Net Income 24,557 22,070
Items not affecting cash:    
Depreciation and amortization 18,167 17,139
Deferred income taxes 976 (2,002)
Provision for doubtful receivables 734 634
Employee benefit plan (credit) cost (940) 474
Other items (1,721) 604
Changes in working capital items:    
Decrease in current assets 12,953 13,737
(Decrease) increase in current liabilities 290 5,532
Cash contributions to pension and other postretirement plans (1,470) (957)
Other noncurrent items, net (428) (3,629)
Cash Provided by Operating Activities 53,118 53,602
Investing Activities:    
Capital expenditures (46,758) (31,933)
Other (406) (228)
Cash Used for Investing Activities (47,164) (32,161)
Financing Activities:    
Distributions to parent from noncontrolling interest (7,000) (7,500)
Repayment of long-term debt (1,155) (1,129)
Net proceeds from (repayments of) short-term debt 3,000 (7,000)
Other (664) (844)
Cash Used for Financing Activities (5,819) (16,473)
Change in cash, cash equivalents, and restricted cash 135 4,968
Cash, cash equivalents, and restricted cash at beginning of period 5,529 6,670
Cash, cash equivalents, and restricted cash at end of period 5,664 11,638
Significant noncash investing activities:    
Accrued capital expenditures $ 8,129 $ 3,428