MGE Energy (MGEE) FY2023 results: revenue $690 million, down 3.4% on the year
MGE Energy Inc. (MGEE) reported revenue of $690 million for fiscal 2023, the year ended 31 December 2023, down 3.4% on the year before. Net income was $118 million, up 6.1%, and diluted earnings per share $3.25. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$690 million
-3.4% on the year
FY2016FY2023
Operating margin
21.2%
19.3% a year earlier
FY2016FY2023
Net income
$118 million
+6.1% on the year
FY2016FY2023
Diluted EPS
$3.25
+5.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
238
154
138
+54.5%
Capital expenditure
222
175
153
+26.9%
Free cash flow
15.5
-21.3
-15.6
Free cash flow margin
2.2%
-3.0%
-2.6%
Cash from investing
-230
-180
-157
Cash from financing
-10.5
25.5
-8.8
Share-based compensation
2.7
1.3
2.9
+107.7%
Dividends paid
60.4
57.5
54.8
+5.0%
Dividend per share
$1.67
$1.59
$1.52
+5.0%
Diluted shares, weighted
36m
36m
36m
+0.0%
Shares outstanding at period end
36m
36m
36m
0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,140
1,082
1,027
+5.4%
Debt
762
710
625
+7.3%
Operating lease liabilities
7.8
7.9
8.0
-1.4%
Finance lease liabilities
18.0
17.1
17.3
+5.4%
Other liabilities
748
701
695
+6.7%
Total liabilities and equity
2,675
2,518
2,372
+6.3%
Fixed assets
2,128
1,971
1,879
+8.0%
Cash and equivalents
11.1
11.6
17.4
-4.0%
Receivables
46.7
55.4
46.2
-15.7%
Other assets
489
479
429
+2.1%
Total assets
2,675
2,518
2,372
+6.3%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.