Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | $124M | $125M | $114M | $111M | $110M | $117M | $138M | $146M | $146M | $171M |
| Net income | $75.6M | $97.6M | $84.2M | $86.9M | $92.4M | $106M | $111M | $118M | $121M | $136M |
| EPS (diluted) | $2.18 | $2.82 | $2.43 | $2.51 | $2.60 | $2.92 | $3.07 | $3.25 | $3.33 | $3.72 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $148M | $131M | $153M | $130M | $172M | $138M | $154M | $238M | $278M | $263M |
| Capital expenditures | $83.7M | $108M | $212M | $164M | $203M | $153M | $175M | $222M | $237M | $343M |
| Free cash flow | $64.2M | $23.2M | -$59.2M | -$33.6M | -$30.7M | -$15.6M | -$21.3M | $15.5M | $40.9M | -$80.0M |
| Dividends paid | $41.8M | $43.7M | $45.8M | $47.8M | $51.7M | $54.8M | $57.5M | $60.4M | $63.6M | $67.6M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $96.0M | $108M | $83.1M | $23.5M | $44.7M | $17.4M | $11.6M | $11.1M | $21.3M | $5.67M |
| Total assets | $1.80B | $1.86B | $1.99B | $2.08B | $2.25B | $2.37B | $2.52B | $2.68B | $2.83B | $3.16B |
| Long-term debt | $383M | $398M | $493M | $524M | $519M | $614M | $585M | $719M | $764M | $792M |
| Shareholders' equity | $724M | $778M | $817M | $856M | $976M | $1.03B | $1.08B | $1.14B | $1.23B | $1.30B |
| Retained earnings | $373M | $427M | $466M | $505M | $545M | $596M | $650M | $707M | $764M | $832M |
| Shares (wtd avg diluted) | 34.7M | 34.7M | 34.7M | 34.7M | 35.6M | 36.2M | 36.2M | 36.2M | 36.2M | 36.6M |
Every figure is extracted from MGE ENERGY INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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