Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

The following table shows segment information for MGE Energy's and MGE's operations:

(In thousands)MGE Energy		Electric		Gas		Non-Regulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Consolidated Total
Year Ended December 31, 2015
Operating revenues	$	412,528	$	143,737	$	7,763	$	-	$	-	$	-	$	564,028
Interdepartmental revenues		513		11,780		39,435		-		-		(51,728)		-
Total operating revenues		413,041		155,517		47,198		-		-		(51,728)		564,028
Depreciation and amortization		(29,945)		(6,758)		(7,475)		-		(47)		-		(44,225)
Other operating expenses		(318,001)		(128,241)		(158)		(19)		(857)		51,728		(395,548)
Operating income (loss)		65,095		20,518		39,565		(19)		(904)		-		124,255
Other (deductions) income, net		400		(33)		-		7,728		518		-		8,613
Interest (expense) income, net		(11,187)		(3,203)		(5,993)		-		221		-		(20,162)
Income (loss) before taxes		54,308		17,282		33,572		7,709		(165)		-		112,706
Income tax (provision) benefit		(17,915)		(6,915)		(13,474)		(3,102)		43		-		(41,363)
Net income (loss)	$	36,393	$	10,367	$	20,098	$	4,607	$	(122)	$	-	$	71,343

Year Ended December 31, 2014
Operating revenues	$	394,849	$	221,720	$	3,283	$	-	$	-	$	-	$	619,852
Interdepartmental revenues		509		8,366		42,692		-		-		(51,567)		-
Total operating revenues		395,358		230,086		45,975		-		-		(51,567)		619,852
Depreciation and amortization		(26,933)		(6,308)		(7,407)		-		(47)		-		(40,695)
Other operating expenses		(297,409)		(194,203)		(139)		-		(875)		51,567		(441,059)
Operating income (loss)		71,016		29,575		38,429		-		(922)		-		138,098
Other (deductions) income, net		2,847		(86)		-		9,150		(1,832)		-		10,079
Interest (expense) income, net		(10,410)		(3,229)		(6,208)		-		174		-		(19,673)
Income (loss) before taxes		63,453		26,260		32,221		9,150		(2,580)		-		128,504
Income tax (provision) benefit		(22,070)		(10,480)		(12,932)		(3,664)		961		-		(48,185)
Net income (loss)	$	41,383	$	15,780	$	19,289	$	5,486	$	(1,619)	$	-	$	80,319

Year Ended December 31, 2013
Operating revenues	$	403,957	$	181,462	$	5,468	$	-	$	-	$	-	$	590,887
Interdepartmental revenues		537		12,629		42,591		-		-		(55,757)		-
Total operating revenues		404,494		194,091		48,059		-		-		(55,757)		590,887
Depreciation and amortization		(25,780)		(5,898)		(7,156)		-		(4)		-		(38,838)
Other operating expenses		(316,277)		(162,661)		(128)		(1)		(752)		55,757		(424,062)
Operating income (loss)		62,437		25,532		40,775		(1)		(756)		-		127,987
Other (deductions) income, net		3,062		59		-		9,434		(1,854)		-		10,701
Interest (expense) income, net		(9,645)		(2,986)		(6,400)		-		107		-		(18,924)
Income (loss) before taxes		55,854		22,605		34,375		9,433		(2,503)		-		119,764
Income tax (provision) benefit		(19,176)		(9,168)		(13,682)		(3,796)		963		-		(44,859)
Net income (loss)	$	36,678	$	13,437	$	20,693	$	5,637	$	(1,540)	$	-	$	74,905

(In thousands)MGE		Electric		Gas		Non-Regulated Energy		Transmission Investment		Consolidation/ Elimination Entries		Consolidated Total
Year Ended December 31, 2015
Operating revenues	$	412,550	$	143,752	$	7,763	$	-	$	-	$	564,065
Interdepartmental revenues		491		11,765		39,435		-		(51,691)		-
Total operating revenues		413,041		155,517		47,198		-		(51,691)		564,065
Depreciation and amortization		(29,945)		(6,758)		(7,475)		-		-		(44,178)
Other operating expenses*		(335,803)		(135,124)		(13,632)		(19)		51,691		(432,887)
Operating income (loss)*		47,293		13,635		26,091		(19)		-		87,000
Other (deductions) income, net*		287		(65)		-		4,626		-		4,848
Interest expense, net		(11,187)		(3,203)		(5,993)		-		-		(20,383)
Net income		36,393		10,367		20,098		4,607		-		71,465
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(26,097)		(26,097)
Net income attributable to MGE	$	36,393	$	10,367	$	20,098	$	4,607	$	(26,097)	$	45,368

Year Ended December 31, 2014
Operating revenues	$	394,871	$	221,741	$	3,283	$	-	$	-	$	619,895
Interdepartmental revenues		487		8,345		42,692		-		(51,524)		-
Total operating revenues		395,358		230,086		45,975		-		(51,524)		619,895
Depreciation and amortization		(26,933)		(6,308)		(7,407)		-		-		(40,648)
Other operating expenses*		(319,175)		(204,597)		(13,071)		-		51,524		(485,319)
Operating income*		49,250		19,181		25,497		-		-		93,928
Other (deductions) income, net*		2,543		(172)		-		5,486		-		7,857
Interest expense, net		(10,410)		(3,229)		(6,208)		-		-		(19,847)
Net income		41,383		15,780		19,289		5,486		-		81,938
Less: net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(26,310)		(26,310)
Net income attributable to MGE	$	41,383	$	15,780	$	19,289	$	5,486	$	(26,310)	$	55,628

Year Ended December 31, 2013
Operating revenues	$	403,980	$	181,477	$	5,468	$	-	$	-	$	590,925
Interdepartmental revenues		514		12,614		42,591		-		(55,719)		-
Total operating revenues		404,494		194,091		48,059		-		(55,719)		590,925
Depreciation and amortization		(25,780)		(5,898)		(7,156)		-		-		(38,834)
Other operating expenses*		(335,059)		(171,717)		(13,810)		(1)		55,719		(464,868)
Operating income (loss)*		43,655		16,476		27,093		(1)		-		87,223
Other (deductions) income, net*		2,668		(53)		-		5,638		-		8,253
Interest expense, net		(9,645)		(2,986)		(6,400)		-		-		(19,031)
Net income		36,678		13,437		20,693		5,637		-		76,445
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(27,438)		(27,438)
Net income attributable to MGE	$	36,678	$	13,437	$	20,693	$	5,637	$	(27,438)	$	49,007

*Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.

The following table shows segment information for MGE Energy's and MGE's assets and capital expenditures:

		Utility						Consolidated
(In thousands) MGE Energy		Electric		Gas		Assets not Allocated		Non-regulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Total
Assets:
December 31, 2015	$	976,271	$	299,792	$	49,753	$	278,735	$	69,470	$	434,868	$	(378,216)	$	1,730,673
December 31, 2014^(a)		948,005		307,582		41,124		281,514		67,697		438,898		(390,636)		1,694,184
December 31, 2013		899,257		265,694		19,853		288,116		64,504		431,436		(389,800)		1,579,060
Capital Expenditures:
Year ended Dec. 31, 2015	$	49,370	$	18,787	$	-	$	3,873	$	-	$	-	$	-	$	72,030
Year ended Dec. 31, 2014		68,067		22,104		-		2,505		-		-		-		92,676
Year ended Dec. 31, 2013		100,146		15,554		-		3,347		-		-		-		119,047

		Utility						Consolidated
(In thousands)MGE		Electric		Gas		Assets not Allocated		Non-regulated Energy		Transmission Investment		Consolidation/ Elimination Entries		Total
Assets:
December 31, 2015	$	976,271	$	299,792	$	49,753	$	278,685	$	69,470	$	(187)	$	1,673,784
December 31, 2014^(a)		948,005		307,582		41,124		281,464		67,697		(6,521)		1,639,351
December 31, 2013		899,257		265,694		19,853		288,066		64,504		(6,731)		1,530,643
Capital Expenditures:
Year ended Dec. 31, 2015	$	49,370	$	18,787	$	-	$	3,873	$	-	$	-	$	72,030
Year ended Dec. 31, 2014		68,067		22,104		-		2,505		-		-		92,676
Year ended Dec. 31, 2013		100,146		15,554		-		3,347		-		-		119,047

(a) Reflects retrospective application of new accounting pronouncement. See Footnote 12 for additional information.