MGE Energy, Inc. (MGEE)
NASDAQ: MGEE · Real-Time Price · USD
78.66
-1.82 (-2.26%)
At close: Aug 21, 2026, 4:00 PM EDT
80.23
+1.57 (2.00%)
After-hours: Aug 21, 2026, 7:35 PM EDT
MGE Energy Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 149.63 | 135.89 | 120.57 | 117.7 | 110.95 | 105.76 |
Depreciation & Amortization | 105.22 | 104.22 | 98.08 | 89.95 | 74.75 | 71.28 |
Other Amortization | 10.1 | 10.1 | 10.5 | 10.4 | 10.8 | 5.7 |
Loss (Gain) on Equity Investments | -3.49 | -2.4 | -3.64 | -2.23 | -2.05 | -1.44 |
Change in Accounts Receivable | -21.75 | -21.75 | -6.57 | 11.17 | -16.73 | -24.65 |
Change in Inventory | 5.07 | 5.07 | 5.54 | -0.85 | -22.23 | -6.34 |
Change in Accounts Payable | 0.92 | 8.48 | 6.49 | -5.21 | 5.1 | 2.73 |
Change in Income Taxes | -0.92 | -0.92 | 3.92 | -3.18 | 1.08 | -5.04 |
Change in Other Net Operating Assets | 9.31 | 9.77 | 21.89 | 8.48 | -9.29 | -6.93 |
Other Operating Activities | -4.41 | -5.03 | -6.31 | 9.57 | -0.43 | -5.1 |
Operating Cash Flow | 278.11 | 263.23 | 277.78 | 237.56 | 153.74 | 137.53 |
Operating Cash Flow Growth | -1.14% | -5.24% | 16.93% | 54.53% | 11.79% | -20.25% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -442.37 | -343.22 | -236.93 | -222.07 | -175.03 | -153.17 |
Investment in Securities | -11.34 | -9.5 | -4.79 | -7 | -5.19 | -4.03 |
Other Investing Activities | 5.07 | 2.16 | 0.23 | -0.95 | 0.07 | 0.22 |
Investing Cash Flow | -448.64 | -350.56 | -241.49 | -230.02 | -180.15 | -156.98 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 92.53 | - | - | 65 | - |
Long-Term Debt Issued | - | 50 | 50 | 139.3 | 25 | 100 |
Total Debt Issued | 227.03 | 142.53 | 50 | 139.3 | 90 | 100 |
Short-Term Debt Repaid | - | - | -38 | -32.5 | - | -47 |
Long-Term Debt Repaid | - | -5.29 | -5.15 | -54.31 | -4.89 | -4.77 |
Total Debt Repaid | -66.33 | -5.29 | -43.15 | -86.81 | -4.89 | -51.77 |
Net Debt Issued (Repaid) | 160.69 | 137.24 | 6.85 | 52.49 | 85.11 | 48.23 |
Issuance of Common Stock | 88.95 | 3.75 | 31.61 | - | - | - |
Common Dividends Paid | -70.01 | -67.59 | -63.6 | -60.39 | -57.5 | -54.79 |
Other Financing Activities | -2.55 | -1.84 | -1.69 | -2.58 | -2.07 | -2.2 |
Financing Cash Flow | 177.08 | 71.57 | -26.83 | -10.48 | 25.54 | -8.76 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 6.55 | -15.76 | 9.47 | -2.94 | -0.87 | -28.2 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -164.26 | -79.99 | 40.86 | 15.49 | -21.3 | -15.64 |
Free Cash Flow Growth | - | - | 163.78% | - | - | - |
Free Cash Flow Margin | -21.84% | -11.01% | 6.19% | 2.30% | -3.04% | -2.64% |
Free Cash Flow Per Share | -4.46 | -2.19 | 1.13 | 0.43 | -0.59 | -0.43 |
Levered Free Cash Flow | -206.61 | -89.25 | -19.61 | -24.55 | -63.73 | -47.99 |
Unlevered Free Cash Flow | -183.58 | -68.13 | 0.97 | -5.53 | -47.08 | -32.92 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 35.76 | 35.76 | 34.31 | 29.53 | 25.96 | 23.5 |
Cash Income Tax Paid | 6.35 | 6.35 | -13.1 | 9.8 | 3.17 | 4 |
Change in Working Capital | 13.15 | 11.64 | 49.78 | 10.41 | -42.06 | -40.23 |