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Our Financials

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT

As of December 31, 2017


ASSETS:

Utility Plant - $214,821,539

Construction Work in Progress - $4,652,471

Accumulated Depreciaton - $81,956,297

Net Value of Utility Plant - $137,517,713

Investments in Associated Organizations - $29,170,634

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

Other Property and Investments -$30,572,875

Cash- General - $1,816,111

Cash- Restricted Funds - $73,523

Accounts Receivable (Less Provision for Doubtful Accounts) - $9,613,892

Materials and Supplies (At Average Cost) - $1,137,299

Current Assets-Other Current and Accrued Assets - $259,912

Total Current Assets - $12,900,737

Deferred Charges$1,076,874

Total Assets - $182,068,199


INCOME / EXPENSE STATEMENT

INCOME

Electricity and Other Electric Revenue - $72,396,457

Non-Operating Income--Other - $1,892,337

Non-Operating Income--G&T and other Capital Credits - 1,069,916 

TOTAL INCOME - $75,358,710

EXPENSES

Cost of Purchased Power - $45,396,293

Operation and Maintenance - $14,913,668

Depreciation and Amortization - $6,828,130

Interest - $3,081,826

Other Deductions - 37,293

TOTAL EXPENSE - $70,257,210

NET MARGIN - $5,101,500

EQUITIES AND LIABILITIES:

Equities & Margins-Patronage Capital - $99,834,155

Equities & Margins-Other  (Deficit) - ($6,004,291)

Total Equities & Margins - $93,686,196

 

Long-Term Debt--CFC - $ 4,794,673

Long-Term Debt-FFB and RUS - $41,092,527

Long-term Debt--CoBank - $7,067,800

Total Long-term Debt Owed - $52,955,000

 

Other Non-Current Liabilities-Accumulated Provisions - $5,903,900

Other Non-Current Liabilities-Unfunded Pension Liability - $11,817,610

Total Other Non-Current Liabilities - $17,721,510

 

Current Liabilities- Accounts Payable - $5,362,216

Current Liabilities-Accumulated Provisions - $175,200

Current Liabillities-Notes Payable - 6,109,460

Current Liabilities-Consumer Deposits - $1,443,393

Current Liabilities-Taxes Accrued - $288,506

Current Liabilities-Patronage Capital Payable - $1,437,160

Current Liabilities-Other Current & Accrued - $2,659,139

Total Current Liabilities - $17,475,074

Deferred Credits - $230,419

Total Equities And Liabilities - $182,068,199

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