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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net Income $ 92,701 $ 76,622
Items not affecting cash:    
Depreciation and amortization 55,968 55,193
Deferred income taxes 1,955 8,464
Provision for doubtful receivables 1,163 1,078
Employee benefit plan cost (credit) (935) (2,813)
Equity earnings in investments (7,440) (7,780)
Other items (618) 382
Changes in working capital items:    
(Increase) decrease in current assets (11,240) 5,494
Increase (decrease) in current liabilities 4,429 (8,808)
Dividends from investments 5,842 6,929
Cash contributions to pension and other postretirement plans (4,823) (4,576)
Other noncurrent items, net 4,295 5,826
Cash Provided by Operating Activities 141,297 136,011
Investing Activities:    
Capital expenditures (114,142) (139,055)
Capital contributions to investments (4,227) (4,007)
Other 22 (1,298)
Cash Used for Investing Activities (118,347) (144,360)
Financing Activities:    
Issuance of common stock, net 0 79,635
Cash dividends paid on common stock (40,774) (38,349)
Repayments of long-term debt (3,567) (22,784)
Issuance of long-term debt 100,000 19,300
Net repayments of short-term debt (52,500) 0
Other (1,503) (1,175)
Cash Provided by Financing Activities 1,656 36,627
Change in cash, cash equivalents, and restricted cash 24,606 28,278
Cash, cash equivalents, and restricted cash at beginning of period 47,039 25,814
Cash, cash equivalents, and restricted cash at end of period 71,645 54,092
Significant noncash investing activities:    
Accrued capital expenditures 8,213 23,594
MGE [Member]    
Operating Activities:    
Net Income 87,529 71,191
Items not affecting cash:    
Depreciation and amortization 55,968 55,193
Deferred income taxes 1,375 7,334
Provision for doubtful receivables 1,163 1,078
Employee benefit plan cost (credit) (935) (2,813)
Other items (864) 1,234
Changes in working capital items:    
(Increase) decrease in current assets (11,777) 3,352
Increase (decrease) in current liabilities 2,528 (5,212)
Cash contributions to pension and other postretirement plans (4,823) (4,576)
Other noncurrent items, net 3,559 5,090
Cash Provided by Operating Activities 135,451 131,871
Investing Activities:    
Capital expenditures (114,142) (139,055)
Other (1,449) (1,512)
Cash Used for Investing Activities (115,591) (140,567)
Financing Activities:    
Distributions to parent from noncontrolling interest (10,500) (16,000)
Capital contributions from parent 0 30,000
Repayments of long-term debt (3,567) (22,784)
Issuance of long-term debt 100,000 19,300
Net repayments of short-term debt (52,500) 0
Other (1,503) (1,144)
Cash Provided by Financing Activities 31,930 9,372
Change in cash, cash equivalents, and restricted cash 51,790 676
Cash, cash equivalents, and restricted cash at beginning of period 6,404 5,529
Cash, cash equivalents, and restricted cash at end of period 58,194 6,205
Significant noncash investing activities:    
Accrued capital expenditures $ 8,213 $ 23,594