Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

The following tables show segment information for MGE Energy's operations for the indicated periods:

(In thousands)MGE Energy		Electric		Gas		Non- Regulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended June 30, 2015
Operating revenues	$	99,481	$	20,669	$	1,976	$	-	$	-	$	-	$	122,126
Interdepartmental revenues		122		2,291		9,853		-		-		(12,266)		-
Total operating revenues		99,603		22,960		11,829		-		-		(12,266)		122,126
Depreciation and amortization		(7,456)		(1,662)		(1,866)		-		(11)		-		(10,995)
Other operating expenses		(79,961)		(19,089)		(36)		-		(262)		12,266		(87,082)
Operating income (loss)		12,186		2,209		9,927		-		(273)		-		24,049
Other (deductions) income, net		16		(25)		-		2,290		165		-		2,446
Interest (expense) income, net		(2,768)		(790)		(1,507)		-		57		-		(5,008)
Income (loss) before taxes		9,434		1,394		8,420		2,290		(51)		-		21,487
Income tax (provision) benefit		(3,164)		(557)		(3,380)		(919)		12		-		(8,008)
Net income (loss)	$	6,270	$	837	$	5,040	$	1,371	$	(39)	$	-	$	13,479

Three Months Ended June 30, 2014
Operating revenues	$	96,697	$	31,218	$	850	$	-	$	-	$	-	$	128,765
Interdepartmental revenues		127		1,892		10,673		-		-		(12,692)		-
Total operating revenues		96,824		33,110		11,523		-		-		(12,692)		128,765
Depreciation and amortization		(6,641)		(1,562)		(1,855)		-		(11)		-		(10,069)
Other operating expenses		(76,812)		(29,865)		(30)		-		(240)		12,692		(94,255)
Operating income (loss)		13,371		1,683		9,638		-		(251)		-		24,441
Other (deductions) income, net		1,036		(17)		-		2,402		127		-		3,548
Interest (expense) income, net		(2,534)		(817)		(1,559)		-		42		-		(4,868)
Income (loss) before taxes		11,873		849		8,079		2,402		(82)		-		23,121
Income tax (provision) benefit		(4,491)		(364)		(3,242)		(963)		26		-		(9,034)
Net income (loss)	$	7,382	$	485	$	4,837	$	1,439	$	(56)	$	-	$	14,087

Six Months Ended June 30, 2015
Operating revenues	$	197,721	$	90,597	$	3,942	$	-	$	-	$	-	$	292,260
Interdepartmental revenues		237		5,016		19,700		-		-		(24,953)		-
Total operating revenues		197,958		95,613		23,642		-		-		(24,953)		292,260
Depreciation and amortization		(14,788)		(3,304)		(3,729)		-		(23)		-		(21,844)
Other operating expenses		(159,761)		(79,157)		(86)		-		(465)		24,953		(214,516)
Operating income (loss)		23,409		13,152		19,827		-		(488)		-		55,900
Other (deductions) income, net		106		(26)		-		4,171		300		-		4,551
Interest (expense) income, net		(5,587)		(1,594)		(3,025)		-		107		-		(10,099)
Income (loss) before taxes		17,928		11,532		16,802		4,171		(81)		-		50,352
Income tax (provision) benefit		(5,547)		(4,638)		(6,744)		(1,675)		9		-		(18,595)
Net income (loss)	$	12,381	$	6,894	$	10,058	$	2,496	$	(72)	$	-	$	31,757

Six Months Ended June 30, 2014
Operating revenues	$	195,549	$	141,931	$	1,530	$	-	$	-	$	-	$	339,010
Interdepartmental revenues		245		5,516		21,343		-		-		(27,104)		-
Total operating revenues		195,794		147,447		22,873		-		-		(27,104)		339,010
Depreciation and amortization		(12,978)		(3,125)		(3,689)		-		(23)		-		(19,815)
Other operating expenses		(154,713)		(122,708)		(70)		-		(396)		27,104		(250,783)
Operating income (loss)		28,103		21,614		19,114		-		(419)		-		68,412
Other (deductions) income, net		2,863		(52)		-		4,883		406		-		8,100
Interest (expense) income, net		(4,739)		(1,621)		(3,131)		-		82		-		(9,409)
Income before taxes		26,227		19,941		15,983		4,883		69		-		67,103
Income tax provision		(8,844)		(8,029)		(6,414)		(1,961)		(51)		-		(25,299)
Net income	$	17,383	$	11,912	$	9,569	$	2,922	$	18	$	-	$	41,804

The following tables show segment information for MGE's operations for the indicated periods:

(In thousands)MGE		Electric		Gas		Non- Regulated Energy		Transmission Investment		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended June 30, 2015
Operating revenues	$	99,486	$	20,671	$	1,976	$	-	$	-	$	122,133
Interdepartmental revenues		117		2,289		9,853		-		(12,259)		-
Total operating revenues		99,603		22,960		11,829		-		(12,259)		122,133
Depreciation and amortization		(7,456)		(1,662)		(1,866)		-		-		(10,984)
Other operating expenses*		(83,079)		(19,632)		(3,416)		-		12,259		(93,868)
Operating income (loss)*		9,068		1,666		6,547		-		-		17,281
Other (deductions) income, net*		(30)		(39)		-		1,371		-		1,302
Interest expense, net		(2,768)		(790)		(1,507)		-		-		(5,065)
Net income		6,270		837		5,040		1,371		-		13,518
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,626)		(6,626)
Net income attributable to MGE	$	6,270	$	837	$	5,040	$	1,371	$	(6,626)	$	6,892

Three Months Ended June 30, 2014
Operating revenues	$	96,702	$	31,223	$	850	$	-	$	-	$	128,775
Interdepartmental revenues		122		1,887		10,673		-		(12,682)		-
Total operating revenues		96,824		33,110		11,523		-		(12,682)		128,775
Depreciation and amortization		(6,641)		(1,562)		(1,855)		-		-		(10,058)
Other operating expenses*		(81,165)		(30,188)		(3,272)		-		12,682		(101,943)
Operating income*		9,018		1,360		6,396		-		-		16,774
Other (deductions) income, net*		898		(58)		-		1,439		-		2,279
Interest expense, net		(2,534)		(817)		(1,559)		-		-		(4,910)
Net income		7,382		485		4,837		1,439		-		14,143
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,621)		(6,621)
Net income attributable to MGE	$	7,382	$	485	$	4,837	$	1,439	$	(6,621)	$	7,522

Six Months Ended June 30, 2015
Operating revenues	$	197,731	$	90,604	$	3,942	$	-	$	-	$	292,277
Interdepartmental revenues		227		5,009		19,700		-		(24,936)		-
Total operating revenues		197,958		95,613		23,642		-		(24,936)		292,277
Depreciation and amortization		(14,788)		(3,304)		(3,729)		-		-		(21,821)
Other operating expenses*		(165,221)		(83,770)		(6,830)		-		24,936		(230,885)
Operating income*		17,949		8,539		13,083		-		-		39,571
Other (deductions) income, net*		19		(51)		-		2,496		-		2,464
Interest expense, net		(5,587)		(1,594)		(3,025)		-		-		(10,206)
Net income		12,381		6,894		10,058		2,496		-		31,829
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(13,179)		(13,179)
Net income attributable to MGE	$	12,381	$	6,894	$	10,058	$	2,496	$	(13,179)	$	18,650

Six Months Ended June 30, 2014
Operating revenues	$	195,560	$	141,941	$	1,530	$	-	$	-	$	339,031
Interdepartmental revenues		234		5,506		21,343		-		(27,083)		-
Total operating revenues		195,794		147,447		22,873		-		(27,083)		339,031
Depreciation and amortization		(12,978)		(3,125)		(3,689)		-		-		(19,792)
Other operating expenses*		(163,211)		(130,638)		(6,484)		-		27,083		(273,250)
Operating income*		19,605		13,684		12,700		-		-		45,989
Other (deductions) income, net*		2,517		(151)		-		2,922		-		5,288
Interest expense, net		(4,739)		(1,621)		(3,131)		-		-		(9,491)
Net income		17,383		11,912		9,569		2,922		-		41,786
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(13,131)		(13,131)
Net income attributable to MGE	$	17,383	$	11,912	$	9,569	$	2,922	$	(13,131)	$	28,655
*Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.