MGE Energy Inc
NASDAQ:MGEE
Income Statement
Earnings Waterfall
MGE Energy Inc
Revenue
|
690.4m
USD
|
Cost of Revenue
|
-147.9m
USD
|
Gross Profit
|
542.6m
USD
|
Operating Expenses
|
-396.2m
USD
|
Operating Income
|
146.4m
USD
|
Other Expenses
|
-28.7m
USD
|
Net Income
|
117.7m
USD
|
Income Statement
MGE Energy Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
591
N/A
|
634
+7%
|
634
+0%
|
629
-1%
|
620
-2%
|
580
-6%
|
573
-1%
|
579
+1%
|
564
-3%
|
541
-4%
|
541
0%
|
537
-1%
|
545
+1%
|
554
+2%
|
559
+1%
|
562
+1%
|
563
+0%
|
564
+0%
|
562
0%
|
560
0%
|
560
0%
|
570
+2%
|
568
0%
|
568
+0%
|
569
+0%
|
551
-3%
|
546
-1%
|
543
-1%
|
539
-1%
|
557
+3%
|
570
+2%
|
581
+2%
|
607
+4%
|
648
+7%
|
669
+3%
|
687
+3%
|
715
+4%
|
723
+1%
|
719
-1%
|
716
0%
|
690
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(188)
|
(222)
|
(222)
|
(223)
|
(217)
|
(190)
|
(180)
|
(171)
|
(157)
|
(135)
|
(128)
|
(119)
|
(123)
|
(127)
|
(132)
|
(139)
|
(135)
|
(141)
|
(138)
|
(134)
|
(136)
|
(133)
|
(131)
|
(125)
|
(121)
|
(108)
|
(106)
|
(108)
|
(107)
|
(112)
|
(117)
|
(120)
|
(139)
|
(170)
|
(182)
|
(189)
|
(199)
|
(205)
|
(183)
|
(172)
|
(148)
|
|
Gross Profit |
403
N/A
|
412
+2%
|
413
+0%
|
406
-2%
|
403
-1%
|
390
-3%
|
393
+1%
|
408
+4%
|
407
0%
|
407
0%
|
413
+2%
|
418
+1%
|
422
+1%
|
427
+1%
|
427
+0%
|
422
-1%
|
428
+1%
|
423
-1%
|
424
+0%
|
426
+0%
|
424
0%
|
437
+3%
|
437
+0%
|
443
+1%
|
448
+1%
|
443
-1%
|
440
-1%
|
435
-1%
|
432
-1%
|
445
+3%
|
453
+2%
|
461
+2%
|
468
+1%
|
478
+2%
|
487
+2%
|
498
+2%
|
515
+3%
|
518
+0%
|
535
+3%
|
544
+2%
|
543
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(275)
|
(277)
|
(279)
|
(272)
|
(265)
|
(264)
|
(267)
|
(276)
|
(283)
|
(285)
|
(287)
|
(292)
|
(298)
|
(297)
|
(299)
|
(299)
|
(303)
|
(304)
|
(307)
|
(310)
|
(310)
|
(318)
|
(323)
|
(330)
|
(337)
|
(331)
|
(327)
|
(322)
|
(322)
|
(327)
|
(334)
|
(342)
|
(350)
|
(358)
|
(365)
|
(371)
|
(377)
|
(382)
|
(386)
|
(394)
|
(396)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
|
Depreciation & Amortization |
(39)
|
(39)
|
(40)
|
(40)
|
(41)
|
(42)
|
(43)
|
(44)
|
(44)
|
(44)
|
(45)
|
(45)
|
(45)
|
(47)
|
(49)
|
(51)
|
(53)
|
(54)
|
(54)
|
(55)
|
(56)
|
(60)
|
(64)
|
(68)
|
(72)
|
(73)
|
(73)
|
(73)
|
(74)
|
(74)
|
(75)
|
(75)
|
(77)
|
(80)
|
(82)
|
(85)
|
(86)
|
(89)
|
(93)
|
(97)
|
(100)
|
|
Operations Maintenance |
(171)
|
(170)
|
(168)
|
(165)
|
(162)
|
(162)
|
(163)
|
(164)
|
(165)
|
(167)
|
(166)
|
(167)
|
(172)
|
(169)
|
(173)
|
(175)
|
(178)
|
(178)
|
(177)
|
(179)
|
(178)
|
(180)
|
(186)
|
(190)
|
(193)
|
(191)
|
(188)
|
(186)
|
(185)
|
(188)
|
(192)
|
(195)
|
(196)
|
(204)
|
(205)
|
(206)
|
(208)
|
(210)
|
(210)
|
(215)
|
(210)
|
|
Purchased Fuel Power Gas |
(46)
|
(49)
|
(52)
|
(47)
|
(43)
|
(41)
|
(41)
|
(49)
|
(54)
|
(54)
|
(56)
|
(60)
|
(61)
|
(61)
|
(58)
|
(53)
|
(53)
|
(53)
|
(56)
|
(57)
|
(56)
|
(58)
|
(53)
|
(52)
|
(52)
|
(48)
|
(46)
|
(43)
|
(42)
|
(45)
|
(47)
|
(53)
|
(55)
|
(55)
|
(58)
|
(61)
|
(61)
|
(62)
|
(61)
|
(60)
|
(58)
|
|
Other Operating Expenses |
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(19)
|
(19)
|
(19)
|
(20)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(25)
|
|
Operating Income |
128
N/A
|
134
+5%
|
134
0%
|
135
+0%
|
138
+3%
|
126
-9%
|
126
0%
|
132
+5%
|
124
-6%
|
122
-2%
|
126
+3%
|
126
+0%
|
124
-2%
|
131
+5%
|
128
-2%
|
123
-4%
|
125
+1%
|
119
-4%
|
118
-1%
|
115
-2%
|
114
-1%
|
119
+4%
|
114
-4%
|
113
-1%
|
111
-2%
|
112
+1%
|
114
+2%
|
113
0%
|
110
-3%
|
118
+7%
|
120
+2%
|
119
-1%
|
117
-1%
|
120
+2%
|
122
+2%
|
127
+4%
|
138
+8%
|
136
-1%
|
149
+9%
|
150
+1%
|
146
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(23)
|
(23)
|
(23)
|
(24)
|
(25)
|
(26)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
(20)
|
|
Total Other Income |
11
|
12
|
13
|
12
|
10
|
8
|
6
|
6
|
9
|
9
|
9
|
8
|
14
|
11
|
12
|
15
|
14
|
16
|
17
|
16
|
17
|
17
|
17
|
18
|
19
|
20
|
22
|
23
|
25
|
22
|
21
|
21
|
17
|
22
|
23
|
23
|
26
|
25
|
22
|
26
|
19
|
|
Pre-Tax Income |
120
N/A
|
128
+6%
|
128
+0%
|
127
-1%
|
129
+2%
|
113
-12%
|
112
-1%
|
118
+5%
|
113
-4%
|
111
-2%
|
115
+4%
|
115
0%
|
118
+3%
|
122
+3%
|
121
-1%
|
119
-1%
|
120
+1%
|
116
-3%
|
116
0%
|
112
-3%
|
112
-1%
|
115
+3%
|
110
-4%
|
109
-1%
|
107
-2%
|
108
+1%
|
112
+3%
|
113
+1%
|
112
-1%
|
116
+4%
|
117
+1%
|
116
-1%
|
110
-5%
|
117
+6%
|
120
+3%
|
124
+4%
|
137
+11%
|
133
-3%
|
142
+7%
|
147
+3%
|
146
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(45)
|
(48)
|
(48)
|
(47)
|
(48)
|
(43)
|
(42)
|
(43)
|
(41)
|
(41)
|
(42)
|
(42)
|
(43)
|
(44)
|
(43)
|
(43)
|
(44)
|
(39)
|
(36)
|
(30)
|
(27)
|
(27)
|
(24)
|
(22)
|
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(15)
|
(12)
|
(8)
|
(4)
|
(12)
|
(16)
|
(21)
|
(26)
|
(25)
|
(27)
|
(28)
|
(28)
|
|
Income from Continuing Operations |
75
|
80
|
80
|
79
|
80
|
71
|
70
|
75
|
71
|
70
|
73
|
72
|
76
|
78
|
77
|
76
|
76
|
77
|
79
|
82
|
84
|
88
|
85
|
87
|
87
|
89
|
92
|
93
|
92
|
101
|
105
|
109
|
106
|
105
|
104
|
103
|
111
|
108
|
115
|
119
|
118
|
|
Net Income (Common) |
75
N/A
|
80
+7%
|
80
+0%
|
79
-1%
|
80
+1%
|
71
-12%
|
70
-1%
|
75
+7%
|
71
-5%
|
70
-2%
|
73
+4%
|
72
-1%
|
76
+5%
|
78
+3%
|
77
-1%
|
76
-2%
|
98
+29%
|
98
+1%
|
101
+3%
|
104
+3%
|
84
-19%
|
88
+5%
|
85
-3%
|
87
+1%
|
87
+0%
|
89
+2%
|
92
+4%
|
93
+1%
|
92
-1%
|
101
+10%
|
105
+4%
|
109
+3%
|
106
-2%
|
105
0%
|
104
-1%
|
103
-1%
|
111
+8%
|
108
-3%
|
115
+6%
|
119
+4%
|
118
-1%
|
|
EPS (Diluted) |
2.16
N/A
|
2.31
+7%
|
2.32
+0%
|
2.29
-1%
|
2.32
+1%
|
2.05
-12%
|
2.03
-1%
|
2.18
+7%
|
2.06
-6%
|
2.02
-2%
|
2.1
+4%
|
2.08
-1%
|
2.18
+5%
|
2.25
+3%
|
2.23
-1%
|
2.2
-1%
|
2.81
+28%
|
2.82
+0%
|
2.91
+3%
|
2.99
+3%
|
2.43
-19%
|
2.54
+5%
|
2.46
-3%
|
2.49
+1%
|
2.51
+1%
|
2.56
+2%
|
2.6
+2%
|
2.57
-1%
|
2.6
+1%
|
2.79
+7%
|
2.92
+5%
|
3.01
+3%
|
2.92
-3%
|
2.91
0%
|
2.88
-1%
|
2.84
-1%
|
3.07
+8%
|
2.97
-3%
|
3.16
+6%
|
3.28
+4%
|
3.25
-1%
|