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Our Financials

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT

As of December 31, 2018


ASSETS:

Utility Plant - $219,792,634

Construction Work in Progress - $5,972,625

Accumulated Depreciaton - $88,000,729

Net Value of Utility Plant - $137,764,530

Investments in Associated Organizations - $29,803,604

Investments in  Capital Term Certificates - $1,402,241

Other Property and Investments -$31,205,845

Cash- General - $2,684,104

Accounts Receivable (Less Provision for Doubtful Accounts) - $8,488,189

Materials and Supplies (At Average Cost) - $1,292,350

Current Assets-Other Current and Accrued Assets - $273,861

Total Current Assets - $12,738,504

Deferred Charges$511,200

Total Assets - $182,220,079


INCOME / EXPENSE STATEMENT

INCOME

Electricity and Other Electric Revenue - $77,854,982

Non-Operating Income--Other - $1,671,749

Non-Operating Income--G&T and other Capital Credits - $967,877

TOTAL INCOME - $80,494,608

EXPENSES

Cost of Purchased Power - $50,060,979

Operation and Maintenance - $14,751,278

Depreciation and Amortization - $6,974,293

Interest - $2,906,827

Other Deductions - $59,820

TOTAL EXPENSE - $74,753,197

NET MARGIN - $5,741,411

EQUITIES AND LIABILITIES:

Equities & Margins-Patronage Capital - $104,120,080

Accumulated Other Comprehensive Income (Loss) - ($5,213,766)

Equities & Margins-Other  (Deficit) - ($143,668)

Total Equities & Margins - $98,762,646

 

Long-Term Debt--CFC - $ 4,489,926

Long-Term Debt-FFB - $41,302,963

Long-term Debt--CoBank - $5,327,775

Total Long-term Debt Owed - $51,120,664

 

Other Non-Current Liabilities-Accumulated Provisions - $6,207,835

Other Non-Current Liabilities-Unfunded Pension Liability - $9,668,285

Total Other Non-Current Liabilities - $15,876,120

 

Current Liabilities- Accounts Payable - $5,365,849

Current Liabilities-Accumulated Provisions - $224,152

Current Liabillities-Notes Payable - 5,286,094

Current Liabilities-Consumer Deposits - $1,434,966

Current Liabilities-Taxes Accrued - $302,410

Current Liabilities-Patronage Capital Payable - $1,724,147

Current Liabilities-Other Current & Accrued - $1,942,621

Total Current Liabilities - $16,280,239

Deferred Credits - $180,410

Total Equities And Liabilities - $182,220,079

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