MGE Energy (MGEE) FY2020 results: revenue $539 million, down 5.3% on the year
MGE Energy Inc. (MGEE) reported revenue of $539 million for fiscal 2020, the year ended 31 December 2020, down 5.3% on the year before. Net income was $92 million, up 6.4%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$539 million
-5.3% on the year
FY2013FY2020
Operating margin
20.4%
19.5% a year earlier
FY2013FY2020
Net income
$92 million
+6.4% on the year
FY2013FY2020
Diluted EPS
$2.60
+3.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
539
569
560
-5.3%
Operating income
110
111
114
-0.8%
Operating margin
20.4%
19.5%
20.4%
Income tax
19.4
19.8
27.4
-1.8%
Net income
92.4
86.9
84.2
+6.4%
Net margin
17.2%
15.3%
15.0%
Diluted EPS
$2.60
$2.51
$2.43
+3.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
172
130
153
+32.2%
Capital expenditure
203
164
212
+23.8%
Free cash flow
-30.7
-33.6
-59.2
Free cash flow margin
-5.7%
-5.9%
-10.6%
Cash from investing
-210
-172
-218
Cash from financing
59.2
-17.2
38.1
Share-based compensation
1.3
3.0
1.1
-56.7%
Dividends paid
51.7
47.8
45.8
+8.1%
Dividend per share
$1.45
$1.38
$1.32
+5.1%
Diluted shares, weighted
36m
35m
n/a
+2.7%
Shares outstanding at period end
36m
35m
35m
+4.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
976
856
817
+14.1%
Short-term borrowings
n/a
0.0
n/a
Debt
577
543
511
+6.1%
Operating lease liabilities
5.8
0.5
n/a
+1,077.4%
Finance lease liabilities
17.5
17.4
1.8
+0.9%
Other liabilities
678
665
659
+2.0%
Total liabilities and equity
2,254
2,082
1,989
+8.3%
Fixed assets
1,769
1,643
1,509
+7.7%
Cash and equivalents
44.7
23.5
83.1
+90.5%
Receivables
41.4
40.5
43.6
+2.2%
Other assets
398
375
352
+6.2%
Total assets
2,254
2,082
1,989
+8.3%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.