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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues:        
Electric revenues $ 97,077,000 $ 99,282,000 $ 194,546,000 $ 194,149,000
Gas revenue 25,070,000 24,980,000 95,170,000 87,745,000
Total Operating Revenues 122,147,000 124,262,000 289,716,000 281,894,000
Operating Expenses:        
Fuel for electric generation 10,403,000 15,251,000 24,320,000 27,151,000
Purchased power 11,036,000 12,979,000 21,887,000 30,012,000
Cost of gas sold 8,875,000 9,562,000 52,128,000 49,188,000
Other operations and maintenance 48,974,000 43,453,000 95,910,000 87,846,000
Depreciation and amortization 18,091,000 13,872,000 35,230,000 27,495,000
Other general taxes 4,985,000 4,914,000 9,948,000 9,783,000
Total Operating Expenses 102,364,000 100,031,000 239,423,000 231,475,000
Operating Income 19,783,000 24,231,000 50,293,000 50,419,000
Other income, net 5,019,000 4,731,000 9,870,000 9,650,000
Interest expense, net (5,749,000) (4,783,000) (11,396,000) (9,522,000)
Income before income taxes 19,053,000 24,179,000 48,767,000 50,547,000
Income tax provision (3,505,000) (5,828,000) (9,213,000) (12,195,000)
Net Income 15,548,000 18,351,000 39,554,000 38,352,000
MGE [Member]        
Operating Revenues:        
Electric revenues 97,077,000 99,282,000 194,546,000 194,149,000
Gas revenue 25,070,000 24,980,000 95,170,000 87,745,000
Total Operating Revenues 122,147,000 124,262,000 289,716,000 281,894,000
Operating Expenses:        
Fuel for electric generation 10,403,000 15,251,000 24,320,000 27,151,000
Purchased power 11,036,000 12,979,000 21,887,000 30,012,000
Cost of gas sold 8,875,000 9,562,000 52,128,000 49,188,000
Other operations and maintenance 48,673,000 43,001,000 95,335,000 87,188,000
Depreciation and amortization 18,091,000 13,872,000 35,230,000 27,495,000
Other general taxes 4,985,000 4,914,000 9,948,000 9,783,000
Total Operating Expenses 102,063,000 99,579,000 238,848,000 230,817,000
Operating Income 20,084,000 24,683,000 50,868,000 51,077,000
Other income, net 2,958,000 2,314,000 5,165,000 4,811,000
Interest expense, net (6,133,000) (5,173,000) (12,128,000) (10,227,000)
Income before income taxes 16,909,000 21,824,000 43,905,000 45,661,000
Income tax provision (2,966,000) (5,221,000) (7,892,000) (10,802,000)
Net Income Including Noncontrolling Interest 13,943,000 16,603,000 36,013,000 34,859,000
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,621,000) (5,505,000) (11,111,000) (11,311,000)
Net Income $ 8,322,000 $ 11,098,000 $ 24,902,000 $ 23,548,000