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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net Income $ 41,592 $ 33,814
Items not affecting cash:    
Depreciation and amortization 27,678 26,600
Deferred income taxes 1,344 (521)
Provision for doubtful receivables 2,200 2,200
Employee benefit plan cost (credit) (1,181) 77
Equity earnings in investments (3,181) (2,746)
Other items 832 939
Changes in working capital items:    
Current assets 15,343 18,417
Accounts payable (16,485) (13,072)
Other current liabilities 5,472 (106)
Dividends from investments 3,287 2,106
Cash contributions to pension and other postretirement plans (1,914) (1,825)
Other noncurrent items, net 2,875 (68)
Cash Provided by Operating Activities 77,862 65,815
Investing Activities:    
Capital expenditures (47,653) (44,771)
Capital contributions to investments (2,540) (1,381)
Other (399) (274)
Cash Used for Investing Activities (50,592) (46,426)
Financing Activities:    
Issuance of common stock, net 3,279 0
Cash dividends paid on common stock (16,428) (15,460)
Repayments of long-term debt (1,308) (1,274)
Proceeds from short-term debt 0 3,000
Other (650) (554)
Cash Used for Financing Activities (15,107) (14,288)
Change in cash, cash equivalents, and restricted cash 12,163 5,101
Cash, cash equivalents, and restricted cash at beginning of period 24,496 15,026
Cash, cash equivalents, and restricted cash at end of period 36,659 20,127
Significant noncash investing activities:    
Accrued capital expenditures 9,802 6,514
MGE [Member]    
Operating Activities:    
Net Income 39,803 32,200
Items not affecting cash:    
Depreciation and amortization 27,678 26,600
Deferred income taxes 982 (784)
Provision for doubtful receivables 2,200 2,200
Employee benefit plan cost (credit) (1,181) 77
Other items 1,158 1,203
Changes in working capital items:    
Current assets 15,369 17,746
Accounts payable (16,498) (13,069)
Other current liabilities 4,882 1,778
Cash contributions to pension and other postretirement plans (1,914) (1,825)
Other noncurrent items, net 1,475 (1,092)
Cash Provided by Operating Activities 73,954 65,034
Investing Activities:    
Capital expenditures (47,653) (44,771)
Other (396) (421)
Cash Used for Investing Activities (48,049) (45,192)
Financing Activities:    
Cash dividends paid to parent by MGE (13,500) (14,000)
Distributions to parent from noncontrolling interest (4,000) (4,000)
Repayments of long-term debt (1,308) (1,274)
Proceeds from short-term debt 0 3,000
Other (650) (554)
Cash Used for Financing Activities (19,458) (16,828)
Change in cash, cash equivalents, and restricted cash 6,447 3,014
Cash, cash equivalents, and restricted cash at beginning of period 20,059 6,705
Cash, cash equivalents, and restricted cash at end of period 26,506 9,719
Significant noncash investing activities:    
Accrued capital expenditures $ 9,802 $ 6,514