MGE Energy (MGEE) FY2022 results: revenue $715 million, up 17.8% on the year
MGE Energy Inc. (MGEE) reported revenue of $715 million for fiscal 2022, the year ended 31 December 2022, up 17.8% on the year before. Net income was $111 million, up 4.9%, and diluted earnings per share $3.07. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$715 million
+17.8% on the year
FY2015FY2022
Operating margin
19.3%
19.3% a year earlier
FY2015FY2022
Net income
$111 million
+4.9% on the year
FY2015FY2022
Diluted EPS
$3.07
+5.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
154
138
172
+11.8%
Capital expenditure
175
153
203
+14.3%
Free cash flow
-21.3
-15.6
-30.7
Free cash flow margin
-3.0%
-2.6%
-5.7%
Cash from investing
-180
-157
-210
Cash from financing
25.5
-8.8
59.2
Share-based compensation
1.3
2.9
1.3
-55.2%
Dividends paid
57.5
54.8
51.7
+4.9%
Dividend per share
$1.59
$1.52
$1.45
+4.6%
Diluted shares, weighted
36m
36m
36m
+0.0%
Shares outstanding at period end
36m
36m
36m
0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,082
1,027
976
+5.3%
Debt
710
625
577
+13.7%
Operating lease liabilities
7.9
8.0
5.8
-0.6%
Finance lease liabilities
17.1
17.3
17.5
-1.2%
Other liabilities
701
695
678
+0.9%
Total liabilities and equity
2,518
2,372
2,254
+6.1%
Fixed assets
1,971
1,879
1,769
+4.9%
Cash and equivalents
11.6
17.4
44.7
-33.5%
Receivables
55.4
46.2
41.4
+19.9%
Other assets
479
429
398
+11.6%
Total assets
2,518
2,372
2,254
+6.1%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.