Phone: 903-846-2311 or 800-794-2919
Report an Outage: 877-707-2232
Facebook Youtube Twitter

Our Financials

BOWIE-CASS ELECTRIC COOPERATIVE, INC.
FINANCIAL STATEMENT

As of December 31, 2019


ASSETS:

Utility Plant - $224,840,800

Construction Work in Progress - $10,615,731

Accumulated Depreciaton - $94,100,727

Net Value of Utility Plant - $141,355,804

Investments in Associated Organizations - $30,339,937

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

Other Property and Investments -$31,742,178

Cash- General - $2,917,216

Accounts Receivable (Less Provision for Doubtful Accounts) - $6,638,851

Materials and Supplies (At Average Cost) - $1,214,700

Current Assets-Other Current and Accrued Assets - $272,943

Total Current Assets - $11,043,710

Deferred Charges$26,373

Total Assets - $184,168,065


INCOME / EXPENSE STATEMENT

INCOME

Electricity and Other Electric Revenue - $71,724,654

Non-Operating Income--Other - $1,563,785

Non-Operating Income--G&T and other Capital Credits - $952,893

TOTAL INCOME - $74,241,032

EXPENSES

Cost of Purchased Power - $44,662,256

Operation and Maintenance - $15,114,243

Depreciation and Amortization - $7,134,046

Interest - $2,680,939

Other Deductions - $76,272

TOTAL EXPENSE - $69,667,756

NET MARGIN - $4,573,276

EQUITIES AND LIABILITIES:

Equities & Margins-Patronage Capital - $107,243,925

Accumulated Other Comprehensive Income (Loss) - ($8,735,660)

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

Total Equities & Margins - $98,364,597

 

Long-Term Debt--CFC - $ 4,187,827

Long-Term Debt-FFB - $38,920,107

Long-term Debt--CoBank - $3,545,076

Total Long-term Debt Owed - $46,653,010

 

Other Non-Current Liabilities-Accumulated Provisions - $7,917,425

Other Non-Current Liabilities-Unfunded Pension Liability - $11,572,936

Total Other Non-Current Liabilities - $19,490,361

 

Current Liabilities- Accounts Payable - $4,842,254

Current Liabilities-Accumulated Provisions - $319,833

Current Liabillities-Notes Payable - 5,317,813

Current Liabilities-Consumer Deposits - $1,464,935

Current Liabilities-Taxes Accrued - $308,432

Current Liabilities-Patronage Capital Payable - $1,855,338

Current Liabilities-Other Current & Accrued - $2,152,338

Total Current Liabilities - $16,260,943

Deferred Credits - $3,399,154

Total Equities And Liabilities - $184,168,065

© 2020 Bowie Cass Electric Cooperative. All Rights Reserved