$MGEE
MGE ENERGY INC

2020 Q2 Form 10-Q Financial Statement

#000116172820000080 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $117.0M $122.1M $167.6M
YoY Change -4.18% -1.7% 6.3%
Cost Of Revenue $17.20M $19.90M $54.10M
YoY Change -13.57% -11.56% -4.59%
Gross Profit $99.80M $102.2M $113.5M
YoY Change -2.35% 0.39% 12.49%
Gross Profit Margin 85.27% 83.67% 67.73%
Selling, General & Admin $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.40M $18.10M $17.10M
YoY Change 1.66% 30.22% 25.74%
% of Gross Profit 18.44% 17.71% 15.07%
Operating Expenses $78.30M $82.50M $83.00M
YoY Change -5.09% 6.45% 11.11%
Operating Profit $21.52M $19.78M $30.51M
YoY Change 8.78% -18.36% 16.51%
Interest Expense -$5.900M -$5.700M -$5.600M
YoY Change 3.51% 18.75% 19.15%
% of Operating Profit -27.42% -28.81% -18.35%
Other Income/Expense, Net $6.925M $5.019M $4.851M
YoY Change 37.98% 6.09% -1.38%
Pretax Income $22.53M $19.05M $29.72M
YoY Change 18.25% -21.2% 12.7%
Income Tax $3.740M $3.505M $5.709M
% Of Pretax Income 16.6% 18.4% 19.21%
Net Earnings $18.79M $15.55M $24.01M
YoY Change 20.86% -15.27% 20.03%
Net Earnings / Revenue 16.06% 12.73% 14.33%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share $0.53 $446.7K $691.6K
COMMON SHARES
Basic Shares Outstanding 35.44M shares 34.67M shares 34.67M shares
Diluted Shares Outstanding 35.44M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.60M $69.90M $82.40M
YoY Change -26.18% -26.88% -18.58%
Cash & Equivalents $51.64M $69.91M $82.40M
Short-Term Investments
Other Short-Term Assets $78.50M $8.941M $7.527M
YoY Change 777.98% -29.68% -32.65%
Inventory $46.10M $40.60M $32.30M
Prepaid Expenses
Receivables $33.90M $35.61M $47.68M
Other Receivables $7.600M $7.573M $5.803M
Total Short-Term Assets $217.8M $211.6M $221.3M
YoY Change 2.93% -12.67% -11.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.686B $1.567B $1.539B
YoY Change 7.62% 10.31% 12.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $91.70M $82.70M $79.40M
YoY Change 10.88% 14.7% 9.97%
Other Assets $166.4M $15.23M $16.27M
YoY Change 992.44% 183.18% 656.84%
Total Long-Term Assets $1.946B $1.814B $1.782B
YoY Change 7.24% 9.89% 11.75%
TOTAL ASSETS
Total Short-Term Assets $217.8M $211.6M $221.3M
Total Long-Term Assets $1.946B $1.814B $1.782B
Total Assets $2.164B $2.026B $2.004B
YoY Change 6.79% 7.01% 8.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.70M $40.96M $40.36M
YoY Change -0.63% 9.22% 15.22%
Accrued Expenses $20.40M $17.50M $21.90M
YoY Change 16.57% 10.76% 69.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $23.50M $6.000M
YoY Change -100.0% -16.67% 100.0%
Long-Term Debt Due $19.70M $4.605M $4.579M
YoY Change 327.8% 2.29% -81.29%
Total Short-Term Liabilities $109.6M $128.2M $112.5M
YoY Change -14.53% 8.3% 5.88%
LONG-TERM LIABILITIES
Long-Term Debt $539.2M $491.2M $492.3M
YoY Change 9.77% 18.05% 23.96%
Other Long-Term Liabilities $308.7M $69.56M $67.68M
YoY Change 343.79% -79.44% -1.55%
Total Long-Term Liabilities $847.9M $573.8M $569.9M
YoY Change 47.76% -23.94% 3.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.6M $128.2M $112.5M
Total Long-Term Liabilities $847.9M $573.8M $569.9M
Total Liabilities $1.209B $702.1M $682.3M
YoY Change 72.13% -36.13% 3.47%
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 $955.2M $832.8M $829.0M
YoY Change
Total Liabilities & Shareholders Equity $2.164B $2.026B $2.004B
YoY Change 6.79% 7.01% 8.68%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $18.79M $15.55M $24.01M
YoY Change 20.86% -15.27% 20.03%
Depreciation, Depletion And Amortization $18.40M $18.10M $17.10M
YoY Change 1.66% 30.22% 25.74%
Cash From Operating Activities $31.70M $32.70M $53.20M
YoY Change -3.06% -26.68% 13.23%
INVESTING ACTIVITIES
Capital Expenditures -$38.40M -$47.20M $31.93M
YoY Change -18.64% -24.84% -15.14%
Acquisitions
YoY Change
Other Investing Activities -$1.500M -$2.600M $206.0K
YoY Change -42.31% 225.0% 488.57%
Cash From Investing Activities -$39.90M -$49.70M -$32.88M
YoY Change -19.72% -21.86% -16.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $79.64M
YoY Change
Debt Paid & Issued, Net $1.129M
YoY Change 2.36%
Cash From Financing Activities 62.30M 4.400M -$20.83M
YoY Change 1315.91% -65.89% 56.8%
NET CHANGE
Cash From Operating Activities 31.70M 32.70M $53.20M
Cash From Investing Activities -39.90M -49.70M -$32.88M
Cash From Financing Activities 62.30M 4.400M -$20.83M
Net Change In Cash 54.10M -12.60M -$513.0K
YoY Change -529.37% 106.56% -91.23%
FREE CASH FLOW
Cash From Operating Activities $31.70M $32.70M $53.20M
Capital Expenditures -$38.40M -$47.20M $31.93M
Free Cash Flow $70.10M $79.90M $21.26M
YoY Change -12.27% -25.61% 127.47%

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