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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	10.57	21.3	11.14	11.6	17.44	44.74
Accounts Receivable	73.12	87.11	79.92	98.49	81.02	68.9
Other Receivables	10.24	10.07	15.62	11.42	16.09	7.3
Inventory	66.21	67.65	72.65	74.28	51.96	47.27
Prepaid Expenses	17.95	18.39	22.31	19.13	20.21	15.18
Restricted Cash	0.87	1.11	0.86	0.87	0.85	0.64
Other Current Assets	19.3	21.64	35.71	27.69	11.8	25.5
Total Current Assets	198.25	227.27	238.2	243.48	199.37	209.52
Property, Plant & Equipment	2,341	2,295	2,136	1,979	1,887	1,775
Regulatory Assets	41.31	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	123.67	118.04	112.82	105.88	98.75	94.68
Long-Term Deferred Charges	18.51	10.39	2.48	3.68	3.57	1.28
Other Long-Term Assets	138.06	132.26	93.9	68.87	60.33	15.5
Total Assets	2,861	2,828	2,675	2,518	2,372	2,254
Accounts Payable	50.34	77.47	65.45	59.33	64.15	54.64
Accrued Expenses	23.74	27.43	25.26	20.93	23.34	21.17
Short-Term Debt	5.5	-	38	70.5	5.5	52.5
Current Portion of Long-Term Debt	5.36	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	24.89	14.02	22.01	18.81	18.76	56.6
Total Current Liabilities	109.84	125.56	157.16	225.06	117.85	190.93
Long-Term Debt	761.27	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	50.58	50.16	55.06	53.61	73.09	78.17
Long-Term Deferred Tax Liabilities	365.72	361.39	325.92	300.93	275.99	253.29
Other Long-Term Liabilities	303.15	270.77	252.59	246.06	238.02	212.59
Total Liabilities	1,591	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	434.08	429.52	396.75	395.66	394.9	394.41
Retained Earnings	799.35	764.13	707.16	649.85	596.4	545.43
Shareholders' Equity	1,270	1,230	1,140	1,082	1,027	976
Total Liabilities & Equity	2,861	2,828	2,675	2,518	2,372	2,254
Total Debt	772.13	796.59	789.09	736.26	651.1	601.18
Net Cash (Debt)	-761.56	-775.29	-777.95	-724.65	-633.66	-556.45
Net Cash Per Share	-20.91	-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	88.42	101.7	81.04	18.42	81.52	18.59
Book Value Per Share	34.75	33.71	31.53	29.91	28.41	26.99
Tangible Book Value	1,270	1,222	1,129	1,069	1,012	961.2
Tangible Book Value Per Share	34.75	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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