Phone: 903-846-2311 or 800-794-2919
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Our Financials

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT

As of December 31, 2016


ASSETS:

Utility Plant - $215,352,058

Accumulated Depreciaton - 75,759,894

Net Value of Utility Plant - $139,592,164

Other Property and Investments - $30,137,965

Current Assets-Cash- General - 2,292,419

Current Assets-Temporary Investments - 0

Current Assets-Accounts Receivable (Less Provision for Doubtful Accounts) - 7,726,534

Current Assets-Other Receivables - 147,845

Current Assets-Materials and Supplies (At Average Cost) - 1,132,061

Current Assets-Other Current and Accrued Assets - 233,314

Total Current Assets - $11,532,173

Deferred Charges$534,331

Total Assets - $181,796,633


INCOME / EXPENSE STATEMENT

INCOME

Electricity and Other Electric Revenue - $71,858,045 (95.94%)

Non-Operating Income--Other - 2,030,202 (2.71%)

Non-Operating Income--Patronage Capital - 1,008,563 (1.35%)

TOTAL INCOME - $74,896,810 (100.000%)

EXPENSES

Cost of Purchased Power - $46,536,536 (65.04%)

Operation and Maintenance - 15,189,945 (21.23%)

Depreciation and Amortization - 6,624,790 (9.23%)

Interest - 3,107,514 (4.34%)

Other Deductions - 91,278 (0.13%)

TOTAL EXPENSE - $71,550,063 (95.53%)

NET MARGIN - $3,346,747(4.47%)

EQUITIES AND LIABILITIES:

Equities & Margins-Memberships - 128,370

Equities & Margins-Patronage Capital - 96,112,695

Equities & Margins-Other  (Deficit) - (12,420,534)

Total Equities & Margins - $83,820,531

 

Long-Term Debt--CFC - $ 5,066,219

Long-Term Debt-FFB and RUS - 44,360,221

Long-term Debt--CoBank - 8,736,046

Total Long-term Debt Owed - $58,162,486

 

Other Non-Current Liabilities-Accumulated Provisions - 12,677,100

Other Non-Current Liabilities-Unfunded Pension Liability - 11,372,066

Total Other Non-Current Liabilities - $24,049,166

 

Current Liabilities- Accounts Payable - 5,354,446

Current Liabilities-Accumulated Provisions - 365,200

Current Liabillities-Notes Payable - 5,288,725

Current Liabilities-Consumer Deposits - 1,562,710

Current Liabilities-Taxws Accrued - 321,883

Current Liabilities-Patronage Capital Payable - 1,241,736

Current Liabilities-Other Current & Accrued - 1,423,076

Total Current Liabilities - $15,557,776

Deferred Credits - $206,674

Total Equities And Liabilities - $181,796,633

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