MGE Energy, Inc. (MGEE)

MGE Energy Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	142.78	135.89	120.57	117.7	110.95	105.76
Depreciation & Amortization	114.74	114.32	108.58	100.35	85.55	76.98
Other Adjustments	6.35	1.38	-1.15	9.1	-0.71	-4.99
Change in Receivables	-	-21.75	-6.57	11.17	-16.73	-24.65
Changes in Inventories	-	5.07	5.54	-0.85	-22.23	-6.34
Changes in Accounts Payable	8.31	8.48	6.49	-5.21	5.1	2.73
Changes in Accrued Expenses	1.84	-	-	-	-	-6.73
Changes in Income Taxes Payable	-	-0.92	3.92	-3.18	1.08	-5.04
Changes in Other Operating Activities	35.34	20.77	40.4	8.48	-9.29	-0.19
Operating Cash Flow	266.07	263.23	277.78	237.56	153.74	137.53
Operating Cash Flow Growth	-8.20%	-5.24%	16.93%	54.53%	11.79%	-20.25%
Capital Expenditures	-396.71	-343.22	-236.93	-222.07	-175.03	-153.17
Other Investing Activities	-8.72	-7.34	-4.56	-7.95	-5.12	-3.81
Investing Cash Flow	-405.43	-350.56	-241.49	-230.02	-180.15	-156.98
Short-Term Debt Issued	89.78	92.53	-38	-32.5	65	-47
Short-Term Debt Repaid	-54.28	-	-	-	-	-
Net Short-Term Debt Issued (Repaid)	35.5	92.53	-38	-32.5	65	-47
Long-Term Debt Issued	90	50	50	139.3	25	100
Long-Term Debt Repaid	-6.52	-5.29	-5.15	-54.31	-4.89	-4.77
Net Long-Term Debt Issued (Repaid)	83.48	44.72	44.85	84.99	20.11	95.23
Issuance of Common Stock	14.49	3.75	31.61	-	-	-
Net Common Stock Issued (Repurchased)	14.49	3.75	31.61	-	-	-
Common Dividends Paid	-68.53	-67.59	-63.6	-60.39	-57.5	-54.79
Other Financing Activities	-2.5	-1.84	-1.69	-2.58	-2.07	-2.2
Financing Cash Flow	115.19	71.57	-26.83	-10.48	25.54	-8.76
Net Cash Flow	-24.17	-15.76	9.47	-2.94	-0.87	-28.2
Free Cash Flow	-130.64	-79.99	40.86	15.49	-21.3	-15.64
Free Cash Flow Growth	-	-	163.78%	-	-	-
FCF Margin	-17.02%	-10.76%	6.04%	2.24%	-2.98%	-2.58%
Free Cash Flow Per Share	-3.57	-2.19	1.13	0.43	-0.59	-0.43
Levered Free Cash Flow	25.27	77.63	55.43	47.71	81.25	62.23
Unlevered Free Cash Flow	-86.85	-47.47	62.45	-4.07	-3.4	21.14

Updated May 5, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q