$MGEE
MGE ENERGY INC Stock $mgee

$mgee Overview Financials Valuation SEC Filings Company Website

2014 Q1 Form 10-Q Financial Statement

#000116172814000011 Filed on May 08, 2014

Income Statement

Concept	2014 Q1	2013 Q1
Revenue	$210.2M	$167.2M
YoY Change	25.72%	12.04%
Cost Of Revenue	$97.10M	$62.90M
YoY Change	54.37%	15.63%
Gross Profit	$113.1M	$104.3M
YoY Change	8.44%	9.91%
Gross Profit Margin	53.79%	62.37%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$9.700M	$9.600M
YoY Change	1.04%	0.0%
% of Gross Profit	8.58%	9.2%
Operating Expenses	$69.20M	$66.70M
YoY Change	3.75%	0.45%
Operating Profit	$43.97M	$37.63M
YoY Change	16.86%	32.29%
Interest Expense	-$4.500M	$4.675M
YoY Change	-196.26%	-8.41%
% of Operating Profit	-10.23%	12.42%
Other Income/Expense, Net	$4.552M	$3.309M
YoY Change	37.56%	28.75%
Pretax Income	$43.98M	$36.26M
YoY Change	21.29%	39.95%
Income Tax	$16.27M	$13.68M
% Of Pretax Income	36.98%	37.72%
Net Earnings	$27.72M	$22.58M
YoY Change	22.73%	40.73%
Net Earnings / Revenue	13.18%	13.5%
Basic Earnings Per Share		$0.98
Diluted Earnings Per Share	$798.3K	$651.3K
COMMON SHARES
Basic Shares Outstanding	34.67M shares	23.11M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q1	2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$93.50M	$45.90M
YoY Change	103.7%	12.78%
Cash & Equivalents	$93.49M	$45.89M
Short-Term Investments
Other Short-Term Assets	$55.40M	$7.431M
YoY Change	645.53%	4.74%
Inventory	$22.30M	$26.50M
Prepaid Expenses
Receivables	$62.76M	$46.86M
Other Receivables	$5.019M	$5.125M
Total Short-Term Assets	$238.9M	$195.9M
YoY Change	21.92%	9.46%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.174B	$981.3M
YoY Change	19.66%	1.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$69.20M	$65.70M
YoY Change	5.33%	7.35%
Other Assets	$6.758M	$7.222M
YoY Change	-6.42%	3.01%
Total Long-Term Assets	$1.372B	$1.384B
YoY Change	-0.94%	6.23%
TOTAL ASSETS
Total Short-Term Assets	$238.9M	$195.9M
Total Long-Term Assets	$1.372B	$1.384B
Total Assets	$1.610B	$1.580B
YoY Change	1.9%	6.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$56.17M	$39.59M
YoY Change	41.9%	23.71%
Accrued Expenses	$22.60M	$11.80M
YoY Change	91.53%	-4.84%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$10.50M
YoY Change	-100.0%
Long-Term Debt Due	$4.121M	$3.365M
YoY Change	22.47%	26.17%
Total Short-Term Liabilities	$109.5M	$84.75M
YoY Change	29.23%	36.22%
LONG-TERM LIABILITIES
Long-Term Debt	$398.4M	$357.5M
YoY Change	11.44%	-0.77%
Other Long-Term Liabilities	$54.16M	$53.51M
YoY Change	1.21%	20.54%
Total Long-Term Liabilities	$466.8M	$545.3M
YoY Change	-14.39%	8.69%
TOTAL LIABILITIES
Total Short-Term Liabilities	$109.5M	$84.75M
Total Long-Term Liabilities	$466.8M	$545.3M
Total Liabilities	$576.3M	$630.0M
YoY Change	-8.53%	11.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$635.7M	$592.9M
YoY Change
Total Liabilities & Shareholders Equity	$1.610B	$1.580B
YoY Change	1.9%	6.62%

Cashflow Statement

Concept	2014 Q1	2013 Q1
OPERATING ACTIVITIES
Net Income	$27.72M	$22.58M
YoY Change	22.73%	40.73%
Depreciation, Depletion And Amortization	$9.700M	$9.600M
YoY Change	1.04%	0.0%
Cash From Operating Activities	$58.37M	$28.65M
YoY Change	103.72%	15.83%
INVESTING ACTIVITIES
Capital Expenditures	$21.80M	$29.16M
YoY Change	-25.25%	88.56%
Acquisitions
YoY Change
Other Investing Activities	$682.0K	$279.0K
YoY Change	144.44%	-363.21%
Cash From Investing Activities	-$23.18M	-$29.82M
YoY Change	-22.27%	89.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$1.019M	$667.0K
YoY Change	52.77%	0.0%
Cash From Financing Activities	-$10.52M	$701.0K
YoY Change	-1600.57%	-107.36%
NET CHANGE
Cash From Operating Activities	$58.37M	$28.65M
Cash From Investing Activities	-$23.18M	-$29.82M
Cash From Financing Activities	-$10.52M	$701.0K
Net Change In Cash	$24.68M	-$463.0K
YoY Change	-5429.59%	-9.04%
FREE CASH FLOW
Cash From Operating Activities	$58.37M	$28.65M
Capital Expenditures	$21.80M	$29.16M
Free Cash Flow	$36.57M	-$512.0K
YoY Change	-7242.58%	-105.52%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	46357000	USD
CY2013Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	4219000	USD
CY2013Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	750000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	579429000	USD
CY2014Q1	us-gaap	Electric Domestic Regulated Revenue ElectricDomesticRegulatedRevenue	98852000	USD
CY2013Q1	us-gaap	Electric Domestic Regulated Revenue ElectricDomesticRegulatedRevenue	93494000	USD
CY2014Q1	us-gaap	Gas Domestic Regulated Revenue GasDomesticRegulatedRevenue	110713000	USD
CY2013Q1	us-gaap	Gas Domestic Regulated Revenue GasDomesticRegulatedRevenue	72467000	USD
CY2014Q1	us-gaap	Unregulated Operating Revenue UnregulatedOperatingRevenue	680000	USD
CY2013Q1	us-gaap	Unregulated Operating Revenue UnregulatedOperatingRevenue	1276000	USD
CY2014Q1	us-gaap	Regulated And Unregulated Operating Revenue RegulatedAndUnregulatedOperatingRevenue	210245000	USD
CY2013Q1	us-gaap	Regulated And Unregulated Operating Revenue RegulatedAndUnregulatedOperatingRevenue	167237000	USD
CY2014Q1	us-gaap	Utilities Operating Expense Purchased Power UtilitiesOperatingExpensePurchasedPower	18555000	USD
CY2013Q1	us-gaap	Utilities Operating Expense Purchased Power UtilitiesOperatingExpensePurchasedPower	18205000	USD
CY2014Q1	mgee	Utilities Operating Expense Cost Of Gas Sold UtilitiesOperatingExpenseCostOfGasSold	78508000	USD
CY2013Q1	mgee	Utilities Operating Expense Cost Of Gas Sold UtilitiesOperatingExpenseCostOfGasSold	44692000	USD
CY2014Q1	us-gaap	Utilities Operating Expense Maintenance And Operations UtilitiesOperatingExpenseMaintenanceAndOperations	40472000	USD
CY2013Q1	us-gaap	Utilities Operating Expense Maintenance And Operations UtilitiesOperatingExpenseMaintenanceAndOperations	41649000	USD
CY2014Q1	us-gaap	Utilities Operating Expense Depreciation And Amortization UtilitiesOperatingExpenseDepreciationAndAmortization	9746000	USD
CY2013Q1	us-gaap	Utilities Operating Expense Depreciation And Amortization UtilitiesOperatingExpenseDepreciationAndAmortization	9624000	USD
CY2014Q1	us-gaap	Utilities Operating Expense Taxes UtilitiesOperatingExpenseTaxes	4861000	USD
CY2013Q1	us-gaap	Utilities Operating Expense Taxes UtilitiesOperatingExpenseTaxes	4679000	USD
CY2014Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	166274000	USD
CY2013Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	129609000	USD
CY2014Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-4541000	USD
CY2013Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-4675000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	43982000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	36262000	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	16265000	USD
CY2013Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	49184000	USD
CY2014Q1	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	53750000	USD
CY2013Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	465470000	USD
CY2014Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	49512000	USD
CY2013Q1	us-gaap	Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	0	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13678000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	27717000	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	22584000	USD
CY2014Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.272
CY2013Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.263
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	43971000	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	37628000	USD
CY2014Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4552000	USD
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	3309000	USD
CY2014Q1	us-gaap	Utilities Operating Expense Fuel Used UtilitiesOperatingExpenseFuelUsed	14132000	USD
CY2013Q1	us-gaap	Utilities Operating Expense Fuel Used UtilitiesOperatingExpenseFuelUsed	10760000	USD
CY2014Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.80
CY2013Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.65
CY2014Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	34668000	shares
CY2013Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	34668000	shares
CY2014Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	7000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	65000	USD
CY2014Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	27724000	USD
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	22649000	USD
CY2014Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-877000	USD
CY2013Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	11294000	USD
CY2014Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	743000	USD
CY2013Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	743000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	93489000	USD
CY2014Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	62760000	USD
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	44890000	USD
CY2014Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	5019000	USD
CY2013Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	5352000	USD
CY2014Q1	mgee	Unbilled Revenues UnbilledRevenues	29568000	USD
CY2013Q4	mgee	Unbilled Revenues UnbilledRevenues	31982000	USD
CY2014Q1	us-gaap	Other Inventory Supplies OtherInventorySupplies	17023000	USD
CY2013Q4	us-gaap	Other Inventory Supplies OtherInventorySupplies	16662000	USD
CY2014Q1	us-gaap	Energy Related Inventory Other Fossil Fuel EnergyRelatedInventoryOtherFossilFuel	4675000	USD
CY2013Q4	us-gaap	Energy Related Inventory Other Fossil Fuel EnergyRelatedInventoryOtherFossilFuel	5206000	USD
CY2014Q1	us-gaap	Energy Related Inventory Gas Stored Underground EnergyRelatedInventoryGasStoredUnderground	642000	USD
CY2013Q4	us-gaap	Energy Related Inventory Gas Stored Underground EnergyRelatedInventoryGasStoredUnderground	13988000	USD
CY2014Q1	us-gaap	Prepaid Taxes PrepaidTaxes	11773000	USD
CY2013Q4	us-gaap	Prepaid Taxes PrepaidTaxes	19106000	USD
CY2013Q4	us-gaap	Regulatory Assets Current RegulatoryAssetsCurrent	6377000	USD
CY2013Q4	us-gaap	Other Assets Current OtherAssetsCurrent	8225000	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	220601000	USD
CY2014Q1	us-gaap	Regulatory Assets Noncurrent RegulatoryAssetsNoncurrent	105253000	USD
CY2013Q4	us-gaap	Regulatory Assets Noncurrent RegulatoryAssetsNoncurrent	107166000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Assets For Plan Benefits Noncurrent DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent	16013000	USD
CY2013Q4	us-gaap	Defined Benefit Plan Assets For Plan Benefits Noncurrent DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent	15071000	USD
CY2014Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	6758000	USD
CY2013Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8046000	USD
CY2014Q1	mgee	Property Plant And Equipment Net Before Construction In Progress PropertyPlantAndEquipmentNetBeforeConstructionInProgress	1026807000	USD
CY2013Q4	mgee	Property Plant And Equipment Net Before Construction In Progress PropertyPlantAndEquipmentNetBeforeConstructionInProgress	1018809000	USD
CY2014Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	147449000	USD
CY2013Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	141415000	USD
CY2014Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1174256000	USD
CY2014Q1	us-gaap	Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	0	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1160224000	USD
CY2014Q1	us-gaap	Investments Investments	69203000	USD
CY2013Q4	us-gaap	Investments Investments	67952000	USD
CY2014Q1	us-gaap	Assets Assets	1610423000	USD
CY2013Q4	us-gaap	Assets Assets	1579060000	USD
CY2014Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	4121000	USD
CY2013Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	4102000	USD
CY2014Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	56171000	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	43684000	USD
CY2013Q4	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	1711000	USD
CY2013Q4	us-gaap	Regulatory Liability Current RegulatoryLiabilityCurrent	13538000	USD
CY2013Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	7750000	USD
CY2014Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	8518000	USD
CY2013Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	9489000	USD
CY2014Q1	us-gaap	Liabilities Current LiabilitiesCurrent	109515000	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	96666000	USD
CY2014Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	287224000	USD
CY2013Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	284791000	USD
CY2014Q1	us-gaap	Accumulated Deferred Investment Tax Credit AccumulatedDeferredInvestmentTaxCredit	1362000	USD
CY2013Q4	us-gaap	Accumulated Deferred Investment Tax Credit AccumulatedDeferredInvestmentTaxCredit	1413000	USD
CY2014Q1	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	20788000	USD
CY2013Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	57930000	USD
CY2014Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	54155000	USD
CY2013Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	52360000	USD
CY2014Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	466791000	USD
CY2014Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	398383000	USD
CY2013Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	399414000	USD
CY2014Q1	us-gaap	Capitalization Longterm Debt And Equity CapitalizationLongtermDebtAndEquity	1034117000	USD
CY2013Q4	us-gaap	Capitalization Longterm Debt And Equity CapitalizationLongtermDebtAndEquity	1016924000	USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1610423000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1579060000	USD
CY2014Q1	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	-332000	USD
CY2013Q1	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	3336000	USD
CY2014Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2481000	USD
CY2013Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2396000	USD
CY2014Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	679000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-17341000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	19604000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-4590000	USD
CY2014Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	1917000	USD
CY2013Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	1807000	USD
CY2014Q1	us-gaap	Pension And Other Postretirement Benefit Contributions PensionAndOtherPostretirementBenefitContributions	818000	USD
CY2013Q1	us-gaap	Pension And Other Postretirement Benefit Contributions PensionAndOtherPostretirementBenefitContributions	30764000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-547000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	1077000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	58370000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	21800000	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	29164000	USD
CY2014Q1	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	693000	USD
CY2013Q4	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	19792000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	28652000	USD
CY2014Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.37	pure
CY2013Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.377	pure
CY2013Q1	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	373000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	682000	USD
CY2013Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	279000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-23175000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-29816000	USD
CY2014Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	9420000	USD
CY2013Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	9132000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1019000	USD
CY2013Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	667000	USD
CY2014Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-80000	USD
CY2013Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-10519000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	701000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	24676000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-463000	USD
CY2014Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	8967000	USD
CY2013Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	12699000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	65000	USD
CY2013Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	9132000	USD
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	592946000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	7000	USD
CY2014Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	9420000	USD
CY2014Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
CY2013Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
CY2014Q1	us-gaap	Dilutive Securities DilutiveSecurities	0	USD
CY2014Q1	us-gaap	Derivatives Methods Of Accounting Hedging Derivatives DerivativesMethodsOfAccountingHedgingDerivatives	<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:45pt;' >As part of its regular operations, MGE enters into contracts, including options, swaps, futures, forwards, and other contractual commitments, to manage its exposure to commodity </font><font style='font-family:Times New Roman;font-size:10pt;' >prices and gas revenues. To the extent that these contracts are derivatives, MGE assesses whether or not the normal purchases or normal sales exclusion applies. For contracts to which this exclusion cannot be applied, MGE Energy and MGE recognize such deri</font><font style='font-family:Times New Roman;font-size:10pt;' >vatives in the consolidated balance sheets at fair value</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' > The majority of MGE's derivative activities are conducted in accordance with its electric and gas risk management program, which is approved by the PSCW and limits the volume MGE can hedge with spec</font><font style='font-family:Times New Roman;font-size:10pt;' >ific risk management strategies. The maximum length of time over which cash flows related to energy commodities can be hedged </font><font style='font-family:Times New Roman;font-size:10pt;' >is four years.</font><font style='font-family:Times New Roman;font-size:10pt;' > If the derivative qualifies for regulatory deferral, the derivatives are marked to fair value and are offset with a</font><font style='font-family:Times New Roman;font-size:10pt;' > corresponding regulatory asset or liability. The deferred gain or loss is recognized in earnings in the delivery month applicable to the instrument. Gains and losses related to hedges qualifying for regulatory treatment are recoverable in gas rates throug</font><font style='font-family:Times New Roman;font-size:10pt;' >h the PGA or in electric rates as a component of the fuel rules mechanism. </font></p></div>
CY2014Q1	mgee	Fair Value Inputs Delivery Points Basis Adjustment On Peak FairValueInputsDeliveryPointsBasisAdjustmentOnPeak	0.955	pure
CY2014Q1	mgee	Fair Value Inputs Delivery Points Basis Adjustment Off Peak FairValueInputsDeliveryPointsBasisAdjustmentOffPeak	0.931	pure
CY2014Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	5000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	43000	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	-1148000	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	6634000	USD
CY2013Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	-64628000	USD
CY2012Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	-72346000	USD
CY2014Q1	mgee	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Regulatory Liabilities Assets FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInRegulatoryLiabilitiesAssets	5831000	USD
CY2013Q1	mgee	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Regulatory Liabilities Assets FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInRegulatoryLiabilitiesAssets	2748000	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome	0	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome	0	USD
CY2014Q1	mgee	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Current Assets FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInCurrentAssets	-53000	USD
CY2013Q1	mgee	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Current Assets FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInCurrentAssets	0	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	6859000	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases	5562000	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales	60000	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales	3000	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues	0	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues	0	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements	13380000	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements	4411000	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet	0	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet	0	USD
CY2014Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	-58797000	USD
CY2013Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	-69598000	USD
CY2014Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	34668370	shares
CY2014Q1	dei	Entity Registrant Name EntityRegistrantName	MGE Energy Inc
CY2014Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001161728
CY2014Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2014Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2014Q1	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	0	USD
CY2013Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	10500000	USD
CY2014Q1	mgee	Counterparties In Default CounterpartiesInDefault	0
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	45894000	USD
CY2014Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	4501000	USD
CY2014Q1	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	608000	USD
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	635734000	USD
CY2013Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	200000	USD
CY2014Q1	mgee	Utilities Operating Expense Excluding Depreciation And Amortization UtilitiesOperatingExpenseExcludingDepreciationAndAmortization	156528000	USD
CY2013Q1	mgee	Utilities Operating Expense Excluding Depreciation And Amortization UtilitiesOperatingExpenseExcludingDepreciationAndAmortization	119985000	USD
CY2013	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	119047000	USD
CY2014Q1	mgee	Stockholders Equity Value Cash In Lieu Of Fractional Shares Related To Stock Split StockholdersEquityValueCashInLieuOfFractionalSharesRelatedToStockSplit	80000	USD
CY2014Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	11275000	USD
CY2013Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	822000	USD
CY2014Q1	us-gaap	Interest Payable Current InterestPayableCurrent	3250000	USD
CY2013Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4839000	USD
CY2014Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	8103000	USD
CY2013Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	10731000	USD
CY2014Q1	us-gaap	Guarantees Indemnifications And Warranties Policies GuaranteesIndemnificationsAndWarrantiesPolicies	<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:45pt;' >MGE makes available to qualifying customers a financing program for the purchase and installation of energy-related equipment that will provide more efficient use of utility service at</font><font style='font-family:Times New Roman;font-size:10pt;' > the customer</font><font style='font-family:Times New Roman;font-size:10pt;' >'</font><font style='font-family:Times New Roman;font-size:10pt;' >s property. MGE is party to a chattel paper purchase agreement with a financial institution under which it can sell or finance an undivided interest with recourse, in up to $</font><font style='font-family:Times New Roman;font-size:10pt;' >10.0</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > of the financing program receiv</font><font style='font-family:Times New Roman;font-size:10pt;' >ables, until </font><font style='font-family:Times New Roman;font-size:10pt;' >July </font><font style='font-family:Times New Roman;font-size:10pt;' >31, 20</font><font style='font-family:Times New Roman;font-size:10pt;' >14</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:45pt;' >MGE retains the servicing responsibility for these receivables.</font></p></div><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:45pt;' >MGE accounts for servicing rights under the amortization method. Initial determination of the servicing asset fair value is based on the present value of the estimated future cash flows. The disco</font><font style='font-family:Times New Roman;font-size:10pt;' >unt rate is based on the PSCW authorized weighted cost of capital.</font></p></div><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:45pt;' >MGE would be required to perform under its guarantee if a customer defaulted on its loan. The energy-related equipment installed at the customer sites is used to secure the customer loans.</font><font style='font-family:Times New Roman;font-size:10pt;' > The loan balances outstanding at </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, approximate the fair value of the energy-related equipment acting as collateral. The length of the MGE guarantee to the financial institution varies from one to ten years depending on the term of the </font><font style='font-family:Times New Roman;font-size:10pt;' >und</font><font style='font-family:Times New Roman;font-size:10pt;' >erlying </font><font style='font-family:Times New Roman;font-size:10pt;' >customer loan.</font></p></div>
CY2014Q1	mgee	Counterparties In Net Liability Position CounterpartiesInNetLiabilityPosition	0
CY2013Q4	mgee	Counterparties In Net Liability Position CounterpartiesInNetLiabilityPosition	0
CY2014Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD

Files In Submission

Name	View Source	Status
0001161728-14-000011-index-headers.html	Edgar Link	pending
0001161728-14-000011-index.html	Edgar Link	pending
0001161728-14-000011.txt	Edgar Link	pending
0001161728-14-000011-xbrl.zip	Edgar Link	pending
ex12.htm	Edgar Link	pending
ex31_1.htm	Edgar Link	pending
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ex31_3.htm	Edgar Link	pending
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ex32_1.htm	Edgar Link	pending
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ex32_4.htm	Edgar Link	pending
f10q_20140331.htm	Edgar Link	pending
f10q_20140331.pdf	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
mgee-20140331.xml	Edgar Link	completed
mgee-20140331.xsd	Edgar Link	pending
mgee-20140331_cal.xml	Edgar Link	unprocessable
mgee-20140331_def.xml	Edgar Link	unprocessable
mgee-20140331_lab.xml	Edgar Link	unprocessable
mgee-20140331_pre.xml	Edgar Link	unprocessable
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$MGEE
MGE ENERGY INC Stock $mgee

2014 Q1 Form 10-Q Financial Statement

#000116172814000011 Filed on May 08, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGEE MGE ENERGY INC Stock $mgee

2014 Q1 Form 10-Q Financial Statement

#000116172814000011 Filed on May 08, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGEE
MGE ENERGY INC Stock $mgee