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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net Income $ 59,759 $ 56,181
Items not affecting cash:    
Depreciation and amortization 49,730 42,333
Deferred income taxes 12,713 11,990
Provision for doubtful receivables 882 882
Employee benefit plan cost (credit) (1,227) (4,146)
Equity earnings in investments (5,240) (5,127)
Other items (885) (865)
Changes in working capital items:    
Decrease in current assets 34,098 4,800
Decrease in accounts payable (20,508) (610)
(Decrease) increase in other current liabilities (2,105) 7,059
Dividends from investments 4,248 3,959
Cash contributions to pension and other postretirement plans (3,540) (3,351)
Other noncurrent items, net (934) (1,829)
Cash Provided by Operating Activities 126,991 111,276
Investing Activities:    
Capital expenditures (107,701) (65,959)
Capital contributions to investments (3,376) (3,330)
Other (682) 226
Cash Used for Investing Activities (111,759) (69,063)
Financing Activities:    
Cash dividends paid on common stock (29,473) (28,027)
Repayments of long-term debt (21,791) (2,429)
Issuance of long-term debt 69,300 0
Repayments of short-term debt (28,500) (5,500)
Other (1,479) (612)
Cash Used for Financing Activities (11,943) (36,568)
Change in cash, cash equivalents, and restricted cash 3,289 5,645
Cash, cash equivalents, and restricted cash at beginning of period 17,968 18,835
Cash, cash equivalents, and restricted cash at end of period 21,257 24,480
Significant noncash investing activities:    
Accrued capital expenditures 6,446 40,434
MGE [Member]    
Operating Activities:    
Net Income 57,250 51,680
Items not affecting cash:    
Depreciation and amortization 49,730 42,333
Deferred income taxes 11,955 11,248
Provision for doubtful receivables 882 882
Employee benefit plan cost (credit) (1,227) (4,146)
Other items (1,344) 851
Changes in working capital items:    
Decrease in current assets 33,520 3,605
Decrease in accounts payable (20,560) (623)
(Decrease) increase in other current liabilities (188) 9,303
Cash contributions to pension and other postretirement plans (3,540) (3,351)
Other noncurrent items, net (1,428) (2,233)
Cash Provided by Operating Activities 125,050 109,549
Investing Activities:    
Capital expenditures (107,701) (65,959)
Other (805) (341)
Cash Used for Investing Activities (108,506) (66,300)
Financing Activities:    
Cash dividends paid to parent by MGE (21,000) (12,000)
Distributions to parent from noncontrolling interest (10,250) (13,250)
Repayments of long-term debt (21,791) (2,429)
Issuance of long-term debt 69,300 0
Repayments of short-term debt (28,500) (5,500)
Other (1,479) (612)
Cash Used for Financing Activities (13,720) (33,791)
Change in cash, cash equivalents, and restricted cash 2,824 9,458
Cash, cash equivalents, and restricted cash at beginning of period 10,500 7,798
Cash, cash equivalents, and restricted cash at end of period 13,324 17,256
Significant noncash investing activities:    
Accrued capital expenditures $ 6,446 $ 40,434