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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net Income $ 57,608 $ 59,759
Items not affecting cash:    
Depreciation and amortization 53,532 49,730
Deferred income taxes (1,351) 12,713
Provision for doubtful receivables 4,400 882
Employee benefit plan cost (credit) 323 (1,227)
Equity earnings in investments (5,526) (5,240)
Other items 930 (885)
Changes in working capital items:    
Decrease in current assets 22,086 34,098
Decrease in accounts payable (9,646) (20,508)
Increase (decrease) in current liabilities 3,718 (2,105)
Dividends from investments 4,238 4,248
Cash contributions to pension and other postretirement plans (3,634) (3,540)
Other noncurrent items, net 3,756 (934)
Cash Provided by Operating Activities 130,434 126,991
Investing Activities:    
Capital expenditures (111,622) (107,701)
Capital contributions to investments (3,159) (3,376)
Other 1,272 (682)
Cash Used for Investing Activities (113,509) (111,759)
Financing Activities:    
Cash dividends paid on common stock (30,930) (29,473)
Repayments of long-term debt (2,556) (21,791)
Issuance of long-term debt 0 69,300
Proceeds from (repayments of) short-term debt 21,800 (28,500)
Other (728) (1,479)
Cash Used for Financing Activities (12,414) (11,943)
Change in cash, cash equivalents, and restricted cash 4,511 3,289
Cash, cash equivalents, and restricted cash at beginning of period 15,026 17,968
Cash, cash equivalents, and restricted cash at end of period 19,537 21,257
Significant noncash investing activities:    
Accrued capital expenditures 11,416 6,446
MGE [Member]    
Operating Activities:    
Net Income 53,954 57,250
Items not affecting cash:    
Depreciation and amortization 53,532 49,730
Deferred income taxes (1,287) 11,955
Provision for doubtful receivables 4,400 882
Employee benefit plan cost (credit) 323 (1,227)
Other items 1,446 (1,344)
Changes in working capital items:    
Decrease in current assets 22,098 33,520
Decrease in accounts payable (9,642) (20,560)
Increase (decrease) in current liabilities 4,774 (188)
Cash contributions to pension and other postretirement plans (3,634) (3,540)
Other noncurrent items, net 2,465 (1,428)
Cash Provided by Operating Activities 128,429 125,050
Investing Activities:    
Capital expenditures (111,622) (107,701)
Other (894) (805)
Cash Used for Investing Activities (112,516) (108,506)
Financing Activities:    
Cash dividends paid to parent by MGE (24,000) (21,000)
Distributions to parent from noncontrolling interest (10,000) (10,250)
Repayments of long-term debt (2,556) (21,791)
Issuance of long-term debt 0 69,300
Proceeds from (repayments of) short-term debt 21,800 (28,500)
Other (728) (1,479)
Cash Used for Financing Activities (15,484) (13,720)
Change in cash, cash equivalents, and restricted cash 429 2,824
Cash, cash equivalents, and restricted cash at beginning of period 6,705 10,500
Cash, cash equivalents, and restricted cash at end of period 7,134 13,324
Significant noncash investing activities:    
Accrued capital expenditures $ 11,416 $ 6,446