$MGEE
MGE ENERGY INC

2019 Q4 Form 10-Q Financial Statement

#000116172819000050 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $140.9M $138.2M $137.8M
YoY Change 0.62% 0.29% -1.25%
Cost Of Revenue $35.00M $12.20M $17.90M
YoY Change -9.33% -31.84% -15.17%
Gross Profit $105.9M $126.0M $119.9M
YoY Change 4.33% 5.09% 1.27%
Gross Profit Margin 75.14% 91.17% 87.01%
Selling, General & Admin $100.0K $0.00
YoY Change
% of Gross Profit 0.09% 0.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.20M $18.20M $14.30M
YoY Change 24.66% 27.27% 6.72%
% of Gross Profit 17.19% 14.44% 11.93%
Operating Expenses $84.10M $87.30M $80.10M
YoY Change 8.52% 8.99% 4.84%
Operating Profit $21.88M $38.74M $39.80M
YoY Change -8.81% -2.66% -5.24%
Interest Expense -$5.800M -$5.800M -$5.000M
YoY Change 13.73% 16.0% 6.38%
% of Operating Profit -26.51% -14.97% -12.56%
Other Income/Expense, Net $3.700M $5.204M $4.330M
YoY Change 19.35% 20.18% -12.4%
Pretax Income $19.80M $38.11M $39.10M
YoY Change -10.0% -2.54% -7.37%
Income Tax $3.116M $7.454M $9.597M
% Of Pretax Income 15.74% 19.56% 24.54%
Net Earnings $16.66M $30.66M $29.51M
YoY Change 1.84% 3.9% 10.8%
Net Earnings / Revenue 11.82% 22.18% 21.41%
Basic Earnings Per Share
Diluted Earnings Per Share $481.3K $884.7K $850.1K
COMMON SHARES
Basic Shares Outstanding 34.67M shares 34.67M shares 34.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.50M $61.10M $133.9M
YoY Change -71.72% -54.37% 27.89%
Cash & Equivalents $23.48M $61.11M $133.9M
Short-Term Investments
Other Short-Term Assets $10.23M $8.631M $52.10M
YoY Change 19.09% -83.43% -10.63%
Inventory $45.30M $47.80M $45.40M
Prepaid Expenses
Receivables $40.48M $35.81M $41.69M
Other Receivables $7.940M $7.867M $7.565M
Total Short-Term Assets $181.6M $204.4M $280.7M
YoY Change -24.49% -27.18% 9.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.643B $1.613B $1.459B
YoY Change 8.83% 10.52% 11.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $71.65M $85.70M $73.40M
YoY Change 8.0% 16.76% -15.14%
Other Assets $19.09M $17.10M $8.729M
YoY Change 52.89% 95.85% -94.4%
Total Long-Term Assets $1.900B $1.863B $1.694B
YoY Change 8.69% 9.98% 8.94%
TOTAL ASSETS
Total Short-Term Assets $181.6M $204.4M $280.7M
Total Long-Term Assets $1.900B $1.863B $1.694B
Total Assets $2.082B $2.067B $1.974B
YoY Change 4.68% 4.69% 9.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.16M $39.14M $50.34M
YoY Change 19.5% -22.25% 59.81%
Accrued Expenses $20.20M $16.80M $16.40M
YoY Change -0.98% 2.44% 11.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $54.50M $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $19.66M $4.632M $4.527M
YoY Change 331.78% 2.32% 2.89%
Total Short-Term Liabilities $128.8M $152.1M $98.49M
YoY Change 6.79% 54.38% 16.44%
LONG-TERM LIABILITIES
Long-Term Debt $523.7M $490.2M $494.4M
YoY Change 6.16% -0.86% 26.96%
Other Long-Term Liabilities $63.01M $70.69M $72.06M
YoY Change -5.05% -1.91% 12.7%
Total Long-Term Liabilities $573.4M $573.5M $569.4M
YoY Change 2.76% 0.72% -2.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.8M $152.1M $98.49M
Total Long-Term Liabilities $573.4M $573.5M $569.4M
Total Liabilities $702.2M $725.6M $667.9M
YoY Change 3.48% 8.63% 0.09%
SHAREHOLDERS EQUITY
Retained Earnings $504.7M
YoY Change 8.38%
Common Stock $34.67M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $855.7M $851.2M $812.0M
YoY Change
Total Liabilities & Shareholders Equity $2.082B $2.067B $1.974B
YoY Change 4.68% 4.69% 9.08%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $16.66M $30.66M $29.51M
YoY Change 1.84% 3.9% 10.8%
Depreciation, Depletion And Amortization $18.20M $18.20M $14.30M
YoY Change 24.66% 27.27% 6.72%
Cash From Operating Activities $18.80M $25.80M $46.80M
YoY Change 28.77% -44.87% 60.82%
INVESTING ACTIVITIES
Capital Expenditures -$35.60M -$49.30M -$48.60M
YoY Change -43.67% 1.44% 101.66%
Acquisitions
YoY Change
Other Investing Activities -$2.200M -$2.600M -$1.700M
YoY Change 29.41% 52.94% -525.0%
Cash From Investing Activities -$37.90M -$51.90M -$50.30M
YoY Change -41.6% 3.18% 112.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.30M 17.50M 38.30M
YoY Change -9250.0% -54.31% -822.64%
NET CHANGE
Cash From Operating Activities 18.80M 25.80M 46.80M
Cash From Investing Activities -37.90M -51.90M -50.30M
Cash From Financing Activities -18.30M 17.50M 38.30M
Net Change In Cash -37.40M -8.600M 34.80M
YoY Change -25.35% -124.71% 34700.0%
FREE CASH FLOW
Cash From Operating Activities $18.80M $25.80M $46.80M
Capital Expenditures -$35.60M -$49.30M -$48.60M
Free Cash Flow $54.40M $75.10M $95.40M
YoY Change -30.08% -21.28% 79.32%

Facts In Submission

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mgee Jointlyownedutilityplantintereststextblock
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<p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Joint Plant Ownership - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">a. Two Creeks.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">In May 2019, MGE acquired a </span><span style="font-family: Calibri; font-size: 10.00pt">33% ownership interest in a </span><span style="font-family: Calibri; font-size: 10.00pt">150 MW solar generation array in the Town of Two Creeks and the City of Two Rivers in Manitowoc and Kewaunee Counties, Wisconsin. MGE</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">'</span><span style="font-family: Calibri; font-size: 10.00pt">s sole principal asset will be the </span><span style="font-family: Calibri; font-size: 10.00pt">33% undivided ownership interest in the solar generation facility, which is being constructed.</span><span style="font-family: Calibri; font-size: 11.00pt"> </span><span style="font-family: Calibri; font-size: 10.00pt">The estimated share of capital costs for MGE</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">'</span><span style="font-family: Calibri; font-size: 10.00pt">s ownership interest is approximately $</span><span style="font-family: Calibri; font-size: 10.00pt">65 million (excluding capitalized interest).</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">As of September 30, 2019, $</span><span style="font-family: Calibri; font-size: 10.00pt">42.1 million (excluding capitalized interest) related to this project is reflected in </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt">Construction work in progress</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt"> on the consolidated balance sheets. The project is anticipated to be completed by the end of 2020.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">b. Badger Hollow.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">In July 2019, MGE acquired a </span><span style="font-family: Calibri; font-size: 10.00pt">33% ownership interest in a </span><span style="font-family: Calibri; font-size: 10.00pt">150 MW solar generation array in southwestern Wisconsin in Iowa County, near the villages of Montfort and Cobb. MGE</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">'</span><span style="font-family: Calibri; font-size: 10.00pt">s sole principal asset will be the </span><span style="font-family: Calibri; font-size: 10.00pt">33% undivided ownership interest in the solar generation facility which is being constructed.</span><span style="font-family: Calibri; font-size: 11.00pt"> </span><span style="font-family: Calibri; font-size: 10.00pt">The estimated share of capital costs for MGE</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">'</span><span style="font-family: Calibri; font-size: 10.00pt">s ownership interest is approximately $</span><span style="font-family: Calibri; font-size: 10.00pt">65 million (excluding capitalized interest).</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">As of September 30, 2019, $</span><span style="font-family: Calibri; font-size: 10.00pt">10.0 million (excluding capitalized interest) related to this project is reflected in </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt">Construction work in progress</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt"> on the consolidated balance sheets. The project is anticipated to be completed by the end of 2020.</span></p>
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0 pure
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0.196 pure
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EffectiveIncomeTaxRateContinuingOperations
0.245 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210 pure
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0.063 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.063 pure
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0.001 pure
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0.001 pure
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EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.056 pure
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EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.003 pure
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.003 pure
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.008 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.022 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.018 pure
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001 pure
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.192 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243 pure
CY2019Q3 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
1300000 USD
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
4600000 USD
CY2019Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
22925000 USD
CY2019Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
46955000 USD
CY2019Q3 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
31328000 USD
CY2019Q3 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
24864000 USD
CY2019Q3 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
22570000 USD
CY2019Q3 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
89013000 USD
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<span style="font-family: Calibri; font-size: 10.00pt">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 prices. 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, the derivatives are recognized in the consolidated balance sheets at fair value. MGE's financial commodity 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 specific risk management strategies. The maximum length of time over which cash flows related to energy commodities can be hedged is </span><span style="font-family: Calibri; font-size: 10.00pt"><span style="-sec-ix-hidden: ID_1330">four</span> years. If the derivative qualifies for regulatory deferral, the derivatives are marked to fair value and are offset with a corresponding regulatory asset or liability depending on whether the derivative is in a net loss or net gain position, respectively. 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 through the PGA or in electric rates as a component of the fuel rules mechanism.</span>
CY2019Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
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0 USD
CY2019Q3 mgee Counterparties In Default
CounterpartiesInDefault
0
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700000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0 USD
CY2019Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
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0 USD
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FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0 USD
CY2019Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
4717000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
14701000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
16671000 USD
CY2019Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
0 USD
mgee Fair Value Inputs Delivery Points Basis Adjustment On Peak
FairValueInputsDeliveryPointsBasisAdjustmentOnPeak
0.922 pure
CY2018 mgee Fair Value Inputs Delivery Points Basis Adjustment On Peak
FairValueInputsDeliveryPointsBasisAdjustmentOnPeak
0.921 pure
mgee Fair Value Inputs Delivery Points Basis Adjustment Off Peak
FairValueInputsDeliveryPointsBasisAdjustmentOffPeak
0.928 pure
CY2018 mgee Fair Value Inputs Delivery Points Basis Adjustment Off Peak
FairValueInputsDeliveryPointsBasisAdjustmentOffPeak
0.928 pure
CY2019Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-33337000 USD
CY2018Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-37332000 USD
CY2018Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-32002000 USD
CY2017Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-42026000 USD
CY2019Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilitiesAssets
4317000 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilitiesAssets
2982000 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilitiesAssets
6711000 USD
CY2019Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0 USD
CY2019Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
-492000 USD
CY2018Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
26000 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
-1928000 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
-434000 USD
CY2019Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
4000 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
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mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
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CY2019Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
5205000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
16827000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
17602000 USD
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FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
0 USD
CY2019Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
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CY2018Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-35314000 USD
CY2019Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-29020000 USD
CY2018Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-35314000 USD
CY2019Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Or Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainOrLoss
0 USD
CY2018Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Or Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainOrLoss
0 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Or Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainOrLoss
0 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Or Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainOrLoss
0 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5204000 USD
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5831000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
38111000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7454000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
30657000 USD
CY2018Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
137795000 USD
CY2018Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
14259000 USD
CY2018Q3 mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
83738000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
39798000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4330000 USD
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5025000 USD
CY2019Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
138198000 USD
CY2019Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
18193000 USD
CY2019Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
-492000 USD
CY2018Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
26000 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
-1928000 USD
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings
-434000 USD
CY2019Q3 mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
81267000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
38738000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
39103000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9597000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
29506000 USD
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
427914000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
53423000 USD
mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
285459000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
89032000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
15074000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-17227000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
86879000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16667000 USD
us-gaap Net Income Loss
NetIncomeLoss
70212000 USD
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
419689000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
41754000 USD
mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
287718000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
90217000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
13980000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-14547000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
89650000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21792000 USD
us-gaap Net Income Loss
NetIncomeLoss
67858000 USD
CY2019Q3 us-gaap Assets
Assets
2066973000 USD
CY2018Q4 us-gaap Assets
Assets
1988618000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
128389000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
212197000 USD
CY2019Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
43593000 USD
CY2018Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilitiesAssets
2018000 USD
CY2018Q4 us-gaap Prepaid Taxes
PrepaidTaxes
16215000 USD
CY2018Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
9477000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8593000 USD
CY2018Q4 us-gaap Investments
Investments
78000000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
4801000 USD

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