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Consolidated Financials 2012 - 2013


Northeast Oklahoma Electric Cooperative is


pleased to report another financially successful year. Patronage capital (margins) totaled $4,602,502 for 2013 and the co-op is in compliance with the guidelines set forth by its lenders. Net utility plant increased 6.4 percent during 2013


and kWh sales increased 6.6 percent over 2012. The certified public accounting firm of BBG, LLP,


prepared this year's audit. Statements are available for review at NEOEC's headquarters in Vinita.


ASSETS & OTHER DEBITS Total Utility Plant in Service


Construction Work in Progress Total Utility Plant


Acc. Prov. for Depreciation NET UTILITY PLANT


Investment in Subsidiary Companies Invest. Assc. Patronage Capital Invest. Assc. Other - General Funds Invest. Assc. Other - NonGen Funds Other Investments


TOTAL OTHER PROPERTY & INVESTMENTS


Cash-General Funds Special Deposits


Temporary Investments Notes Receivable


Accounts Receivable


Accounts Receivable - Other Materials & Supplies Prepayments


2013 OPERATING REVENUE


EXPENSES Purchased Power


Transmission Expense


Distribution Expense - Operation Distribution Expense - Maintenance Consumer Accounts Expense Customer Service Expense Sales Expense


Administrative and General Expense Depreciation Expense Tax Expense - Property 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 Investments Non Operating Margins - Other


Generation & Transmission Capital Credits Other Capital Credits


TOTAL PATRONAGE CAPITAL $ 70,274,123


39,511,633 9,449


2,188,239 5,540,254 3,329,831 1,086,540 124,268


3,227,026 6,284,904 1,325,937 64,299


4,469,317 131,047 25,000


67,317,744


2,956,379 186,855 424,958 293,746 114,381 626,183


$ 4,602,502 2012 $ 67,596,729 Other Current & Accrued Assets TOTAL CUR. & ACC. ASSETS Deferred Debits


38,632,345 TOTAL ASSETS & OTHER DR 33,399


3,066,149 Operating Margins - Current Year 1,150,029 Non-Operating Margins 141,033 Other Margins & Equities


3,065,625 TOTAL MARGINS & EQUITIES 5,481,808


1,277,170 Long-Term Debt CFC 63,288 Long-Term Debt - Other


4,581,810 TOTAL LONG-TERM DEBT 30,079 25,000


Other Noncurrent Liabilities


64,619,151 Notes Payable Accounts Payable


2,977,578 Consumers Deposits


247,046 Current Maturities Long-Term Debt 1,268,106 Other Current & Accrued Liabilities 217,004 TOTAL CUR. & ACC. LIAB. 114,986


592,333 Deferred Credits $ 5,417,053 TOTAL LIAB. & OTHER CR


2013


$ 191,579,623 4,438,501


196,018,124 (59,202,741)


136,815,383


13,043,167 4,005,263 2,000


1,714,376 6,558,759


25,323,565 2,336,871


8,285 2,732,359


8,033,203 1,702,840 916,241 72,597 16,243


15,818,639 7,266,841 $ 185,224,428


2,694,883 LIABILITIES AND OTHER CREDITS 4,376,533 Patronage Capital


62,189,996 4,146,900 455,602


(2,553,504) 64,238,994


14,651,028 68,928,178 83,579,206


18,283,347


8,714,597 1,374,923 5,022,288 3,219,305 36,614,460


791,768 $ 185,224,428


2012


$ 179,751,070 5,404,743


185,155,813 (56,547,940)


128,607,873


12,652,731 3,712,379 2,000


1,736,565 3,047,060


21,150,735 472,139


8,285 4,518,581


00 6,308,569 753,857


1,142,074 48,140 16,200


13,267,845 424,236 $ 163,450,689


57,390,460 4,978,002 439,051


(4,306,096) 58,501,417


16,978,492 54,005,966 70,984,458


18,178,636


6,662,031 1,358,623 3,961,422 2,981,009 33,141,721


823,093 $ 163,450,689


September 2014 - 11


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