MGE Energy (MGEE) FY2014 results: revenue $620 million, up 4.9% on the year
MGE Energy Inc. (MGEE) reported revenue of $620 million for fiscal 2014, the year ended 31 December 2014, up 4.9% on the year before. Net income was $80 million, up 7.2%, and diluted earnings per share $2.32. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$620 million
+4.9% on the year
FY2008FY2014
Operating margin
22.3%
21.7% a year earlier
FY2008FY2014
Net income
$80 million
+7.2% on the year
FY2008FY2014
Diluted EPS
$2.32
+7.4% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
620
591
541
+4.9%
Operating income
138
128
113
+7.9%
Operating margin
22.3%
21.7%
20.8%
Interest expense
n/a
n/a
19.5
Income tax
48.2
44.9
38.9
+7.4%
Net income
80.3
74.9
64.4
+7.2%
Net margin
13.0%
12.7%
11.9%
Diluted EPS
$2.32
$2.16
$1.86
+7.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
129
140
146
-8.2%
Capital expenditure
92.7
119
98.4
-22.2%
Free cash flow
36.1
21.2
47.6
+70.1%
Free cash flow margin
5.8%
3.6%
8.8%
Cash from investing
-96.2
-122
-101
Cash from financing
-35.7
4.1
-39.5
Share-based compensation
2.0
1.5
1.4
+33.3%
Dividends paid
38.4
37.1
36.0
+3.6%
Dividend per share
$1.11
$1.07
$1.56
+3.7%
Diluted shares, weighted
n/a
n/a
23m
Shares outstanding at period end
35m
35m
35m
0.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
659
618
579
+6.8%
Short-term borrowings
n/a
0.0
0.0
Debt
406
404
362
+0.7%
Other liabilities
624
558
646
+11.8%
Total liabilities and equity
1,690
1,579
1,587
+7.0%
Fixed assets
1,208
1,160
1,073
+4.1%
Cash and equivalents
65.8
68.8
46.4
-4.4%
Receivables
41.6
44.9
41.4
-7.3%
Other assets
374
305
426
+22.6%
Total assets
1,690
1,579
1,587
+7.0%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.