This page contains a Flash digital edition of a book.
P R I


Z E S


ENTERTAINMENT


F O O D


ENTERTAINMENT


F O O D


P R I


Z E S


ENTERTAINMENT


F O O D


2013 Financial Statements OEC’s performance was strong for 2013 despite the


economy and rising concerns about regulation raising prices. T e cooperative retains compliance in accordance with its lender, the National Rural Utilities Cooperative Finance Corporation. OEC reports patronage capital, or margins, of $11,133,693 for the year. T ese summarized fi nancial statements for 2013


are based on an audit prepared by the certifi ed public accounting fi rm of BKD, LLP. A full copy of the audit is available for review by members at OEC’s corporate headquarters in Norman.


OPERATING REVENUE


EXPENSES Purchased Power Distribution Expense Consumer Accounts Expense Customer Service Expense Sales Expense Administrative & General Expense Depreciation Expense Tax Expense–Other Interest on Long Term Debt Interest Expense–Other Other Deductions


COST OF ELECTRIC SERVICE


Operating Patronage Capital Non-Operating Margins-Interest Income (Loss) from Equity Invest. Non-Operating Margins–Other G&T Capital Credits Other Capital Credits


14


TOTAL PATRONAGE CAPITAL www.okcoop.org August 2014


$124,356,240


72,077,647 15,106,377 4,206,646 1,270,351 310,942


4,046,986 8,711,480 3,703,208 8,286,229 (155,628) 52,498


117,616,736 6,739,504 306,564 0


(182,629)


3,494,439 775,815


2013 2012 $114,302,781


66,356,108 14,472,764 3,985,318 1,273,305 279,661


3,697,306 8,299,081 3,363,367 8,498,281 (159,105) 10,139


110,076,225 4,226,556 306,523 0


(258,278) 2,145,250 636,026


$11,133,693 $7,056,077


ASSETS & OTHER DEBITS Total Utility Plant in Service Construction Work in Progress Total Utility Plant Acc. Prov. for Depreciation


NET UTILITY PLANT


Invest. Assc. Patronage Capital Invest. Assc. Other–General Funds Invest. Assc. Other–NonGen Funds Other Investments Special Funds


TOTAL OTHER PROPERTY & INVESTMENTS


Cash–General Funds Special Deposits Temporary Investments Notes Receivable Accounts Receivable Accounts Receivable–Other Material & Supplies Prepayments Other Current & Accrued Assets


TOTAL CURRENT & ACCRUED ASSETS Deferred Debits TOTAL ASSETS & OTHER DR


LIABILITIES & OTHER CREDITS Memberships Patronage Capital Non-Operating Margins–Current Year Non-Operating Margins Other Margins & Equities


TOTAL MARGINS & EQUITIES Long-Term Debt, CFC TOTAL LONG-TERM DEBT


Other Noncurrent Liabilities Notes Payable Accounts Payable Consumer Deposits Current Maturities Long-Term Debt Other Current & Accrued Liabilities


TOTAL CURRENT & ACCRUED LIABILITIES Deferred Credits


TOTAL LIABILITIES & OTHER CR


2013 2012


$251,044,217 3,664,497


254,708,714 76,571,318


178,137,396


35,115,379 0


6,158,287 0


12,081 41,285,747


2,743,839 5


1,000,000 0


11,825,213 1,964,542 464,813 449,585 73,628


18,521,625 22,626,858


$260,571,626 $197,265


66,320,861 11,206,449 (72,757)


5,761,809 83,413,627


147,532,746 147,532,746


(35,220)


6,081,725 9,650,082 1,410,213 8,980,237 2,707,842


28,830,099 830,374


$260,571,626


$239,239,490 5,283,248


244,522,738 71,215,236


173,307,502


31,226,104 0


6,206,809 0


12,081 37,444,994


2,637,607 5 0 0


12,082,450 166,252 368,306 468,711 73,722


15,797,053 15,505,172


$242,054,721 $195,530


63,377,527 7,007,832 48,245


5,422,130 76,051,264


137,445,114 137,445,114


9,924,888 5,024,307 8,799,948 1,411,903 0


2,323,466


17,559,624 1,073,831


$242,054,721


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174