MGE Energy (MGEE) FY2018 results: revenue $560 million, down 0.6% on the year
MGE Energy Inc. (MGEE) reported revenue of $560 million for fiscal 2018, the year ended 31 December 2018, down 0.6% on the year before. Net income was $84 million, down 13.7%, and diluted earnings per share $2.43. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$560 million
-0.6% on the year
FY2011FY2018
Operating margin
20.4%
22.1% a year earlier
FY2011FY2018
Net income
$84 million
-13.7% on the year
FY2011FY2018
Diluted EPS
$2.43
-13.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
560
563
545
-0.6%
Operating income
114
125
124
-8.4%
Operating margin
20.4%
22.1%
22.7%
Income tax
27.4
22.1
42.5
+24.2%
Net income
84.2
97.6
75.6
-13.7%
Net margin
15.0%
17.3%
13.9%
Diluted EPS
$2.43
$2.82
$2.18
-13.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
153
131
148
+16.5%
Capital expenditure
212
108
83.7
+96.2%
Free cash flow
-59.2
23.2
64.2
Free cash flow margin
-10.6%
4.1%
11.8%
Cash from investing
-218
-116
-86.8
Cash from financing
38.1
-4.6
-46.1
Share-based compensation
1.1
1.0
3.1
+10.0%
Dividends paid
45.8
43.7
41.8
+4.8%
Dividend per share
$1.32
$1.26
$1.21
+4.8%
Shares outstanding at period end
35m
35m
35m
0.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
817
778
724
+4.9%
Short-term borrowings
n/a
n/a
0.0
Debt
511
427
387
+19.8%
Finance lease liabilities
1.8
n/a
n/a
Other liabilities
659
650
690
+1.4%
Total liabilities and equity
1,989
1,855
1,801
+7.2%
Fixed assets
1,509
1,341
1,282
+12.5%
Cash and equivalents
83.1
108
96.0
-23.0%
Receivables
43.6
42.3
39.9
+3.1%
Other assets
352
364
383
-3.0%
Total assets
1,989
1,855
1,801
+7.2%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.