MGE Energy (MGEE) FY2013 results: revenue $591 million, up 9.2% on the year
MGE Energy Inc. (MGEE) reported revenue of $591 million for fiscal 2013, the year ended 31 December 2013, up 9.2% on the year before. Net income was $75 million, up 16.2%, and diluted earnings per share $2.16. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$591 million
+9.2% on the year
FY2008FY2013
Operating margin
21.7%
20.8% a year earlier
FY2008FY2013
Net income
$75 million
+16.2% on the year
FY2008FY2013
Diluted EPS
$2.16
+16.1% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
591
541
546
+9.2%
Operating income
128
113
108
+13.5%
Operating margin
21.7%
20.8%
19.7%
Interest expense
n/a
19.5
20.2
Income tax
44.9
38.9
36.0
+15.3%
Net income
74.9
64.4
60.9
+16.2%
Net margin
12.7%
11.9%
11.2%
Diluted EPS
$2.16
$1.86
$1.76
+16.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
140
146
131
-3.9%
Capital expenditure
119
98.4
65.2
+20.9%
Free cash flow
21.2
47.6
65.6
-55.4%
Free cash flow margin
3.6%
8.8%
12.0%
Cash from investing
-122
-101
-66.4
Cash from financing
4.1
-39.5
-30.4
Share-based compensation
1.5
1.4
1.4
+7.1%
Dividends paid
37.1
36.0
35.0
+3.2%
Dividend per share
$1.07
$1.56
$1.52
-31.4%
Diluted shares, weighted
n/a
23m
23m
Shares outstanding at period end
35m
35m
n/a
0.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
618
579
551
+6.6%
Short-term borrowings
0.0
0.0
0.0
Debt
404
362
364
+11.6%
Other liabilities
558
646
543
-13.6%
Total liabilities and equity
1,579
1,587
1,459
-0.5%
Fixed assets
1,160
1,073
962
+8.1%
Cash and equivalents
68.8
46.4
41.2
+48.4%
Receivables
44.9
41.4
36.7
+8.5%
Other assets
305
426
419
-28.3%
Total assets
1,579
1,587
1,459
-0.5%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.