MGE Energy, Inc. (MGEE)

MGE Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	35.31	21.3	11.14	11.6	17.44	44.74
Accounts Receivable	83.56	87.11	79.92	98.49	81.02	68.9
Other Receivables	7.02	10.07	15.62	11.42	16.09	7.3
Inventory	61.72	67.65	72.65	74.28	51.96	47.27
Prepaid Expenses	14.13	18.39	22.31	19.13	20.21	15.18
Restricted Cash	0.66	1.11	0.86	0.87	0.85	0.64
Other Current Assets	19.94	21.64	35.71	27.69	11.8	25.5
Total Current Assets	222.35	227.27	238.2	243.48	199.37	209.52
Property, Plant & Equipment	2,298	2,295	2,136	1,979	1,887	1,775
Regulatory Assets	38.31	36.76	81.59	103.9	107.55	142.5
Other Intangible Assets	-	8.5	10.7	12.9	15.6	14.8
Long-Term Investments	120.29	118.04	112.82	105.88	98.75	94.68
Long-Term Deferred Charges	27.14	10.39	2.48	3.68	3.57	1.28
Other Long-Term Assets	135.22	132.26	93.9	68.87	60.33	15.5
Total Assets	2,841	2,828	2,675	2,518	2,372	2,254
Accounts Payable	48.02	77.47	65.45	59.33	64.15	54.64
Accrued Expenses	28.71	27.43	25.26	20.93	23.34	21.17
Short-Term Debt	-	-	38	70.5	5.5	52.5
Current Portion of Long-Term Debt	5.32	5.29	5.15	54.31	4.89	4.77
Current Portion of Leases	-	1.36	1.29	1.18	1.21	1.24
Other Current Liabilities	25.47	14.02	22.01	18.81	18.76	56.6
Total Current Liabilities	107.52	125.56	157.16	225.06	117.85	190.93
Long-Term Debt	762.49	763.7	718.82	585.25	614.21	519.3
Long-Term Leases	-	26.25	25.84	25.02	25.29	23.37
Pension & Post-Retirement Benefits	50.29	50.16	55.06	53.61	73.09	78.17
Long-Term Deferred Tax Liabilities	364.56	361.39	325.92	300.93	275.99	253.29
Other Long-Term Liabilities	297.61	270.77	252.59	246.06	238.02	212.59
Total Liabilities	1,582	1,598	1,535	1,436	1,344	1,278
Common Stock	36.54	36.49	36.16	36.16	36.16	36.16
Additional Paid-In Capital	433.08	429.52	396.75	395.66	394.9	394.41
Retained Earnings	789.3	764.13	707.16	649.85	596.4	545.43
Shareholders' Equity	1,259	1,230	1,140	1,082	1,027	976
Total Liabilities & Equity	2,841	2,828	2,675	2,518	2,372	2,254
Total Debt	767.81	796.59	789.09	736.26	651.1	601.18
Net Cash (Debt)	-732.51	-775.29	-777.95	-724.65	-633.66	-556.45
Net Cash Per Share	-20.16	-21.39	-21.50	-20.03	-17.52	-15.63
Filing Date Shares Outstanding	36.54	36.51	36.17	36.16	36.16	36.16
Total Common Shares Outstanding	36.54	36.49	36.16	36.16	36.16	36.16
Working Capital	114.83	101.7	81.04	18.42	81.52	18.59
Book Value Per Share	34.46	33.71	31.53	29.91	28.41	26.99
Tangible Book Value	1,259	1,222	1,129	1,069	1,012	961.2
Tangible Book Value Per Share	34.46	33.48	31.23	29.55	27.98	26.58
Machinery	-	3,029	2,828	2,619	2,540	2,426
Construction In Progress	-	138.21	110.09	105.75	50.6	139.1

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

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