MGE Energy (MGEE) FY2019 results: revenue $569 million, up 1.6% on the year
MGE Energy Inc. (MGEE) reported revenue of $569 million for fiscal 2019, the year ended 31 December 2019, up 1.6% on the year before. Net income was $87 million, up 3.2%, and diluted earnings per share $2.51. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$569 million
+1.6% on the year
FY2012FY2019
Operating margin
19.5%
20.4% a year earlier
FY2012FY2019
Net income
$87 million
+3.2% on the year
FY2012FY2019
Diluted EPS
$2.51
+3.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
569
560
563
+1.6%
Operating income
111
114
125
-2.9%
Operating margin
19.5%
20.4%
22.1%
Income tax
19.8
27.4
22.1
-27.9%
Net income
86.9
84.2
97.6
+3.2%
Net margin
15.3%
15.0%
17.3%
Diluted EPS
$2.51
$2.43
$2.82
+3.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
130
153
131
-14.7%
Capital expenditure
164
212
108
-22.7%
Free cash flow
-33.6
-59.2
23.2
Free cash flow margin
-5.9%
-10.6%
4.1%
Cash from investing
-172
-218
-116
Cash from financing
-17.2
38.1
-4.6
Share-based compensation
3.0
1.1
1.0
+172.7%
Dividends paid
47.8
45.8
43.7
+4.5%
Dividend per share
$1.38
$1.32
$1.26
+4.5%
Diluted shares, weighted
35m
n/a
n/a
Shares outstanding at period end
35m
35m
35m
0.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
856
817
778
+4.8%
Short-term borrowings
0.0
n/a
n/a
Debt
543
511
427
+6.4%
Operating lease liabilities
0.5
n/a
n/a
Finance lease liabilities
17.4
1.8
n/a
+881.3%
Other liabilities
665
659
650
+0.8%
Total liabilities and equity
2,082
1,989
1,855
+4.7%
Fixed assets
1,643
1,509
1,341
+8.8%
Cash and equivalents
23.5
83.1
108
-71.7%
Receivables
40.5
43.6
42.3
-7.1%
Other assets
375
352
364
+6.4%
Total assets
2,082
1,989
1,855
+4.7%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.