Financial Highlights
2018 | 2017 | |
---|---|---|
Energy sales to members | 14,873,387 MWh | 13,605,344 MWh |
Sales to others | 1,534,939 MWh | 1,547,011 MWh |
Total | 16,408,326 MWh | 15,152,355 MWh |
Average cost to members | $51.03 /MWh | $53.88 /MWh |
Total operating revenues | $827,494,477 | $796,094,106 |
Operating margin | $35,937,632 | $32,745,098 |
Net margin | $38,933,385 | $37,987,313 |
Cash flows from operations | $83,659,318 | $119,070,698 |
Times interest earned ratio | 2.21 | 2.16 |
Margins for Interest ratio | 2.22 | 2.17 |
Debt service coverage ratio | 2.03 | 2.03 |
Earnings to fixed charges | 1.76 | 1.80 |
Total assets | $1,768,964,852 | $1,795,739,687 |
Net utility plant | $1,369,546,524 | $1,344,659,285 |
Total long-term debt | $813,155,208 | $842,073,153 |
Total equity | $600,869,250 | $581,935,865 |
Equity to assets ratio | 33.97% | 32.41% |
Equity as % of capitalization | 42.49% | 40.87% |
Long-term debt to equity ratio | 1.35 | 1.45 |
2017 | 2016 | |
---|---|---|
Energy sales to members | 13,605,344 MWh | 13,461,723 MWh |
Sales to others | 1,547,011 MWh | 1,335,801 MWh |
Total | 15,152,355 MWh | 14,797,524 MWh |
Average cost to members | $53.88 / MWh | $50.36 / MWh |
Total operating revenues | $796,094,106 | $734,611,694 |
Operating margin | $32,745,098 | $30,349,411 |
Net margin | $37,987,313 | $30,901,165 |
Cash flows from operations | $119,070,698 | $74,293,854 |
Times interest earned ratio | 2.16 | 1.92 |
Margins for interest ratio | 2.17 | 1.93 |
Debt service coverage ratio | 2.03 | 1.65 |
Earnings to fixed charges | 1.80 | 1.65 |
Total assets | $1,795,739,687 | $1,839,872,776 |
Net utility plant | <$1,344,659,285 /td> | $1,324,459,969 |
Total long-term debt | $842,073,153 | $870,889,618 |
Total equity | $581,935,865 | $564,093,235 |
Equity to assets ratio | 32.41% | 30.66% |
Equity as % of capitalization | 40.87% | 39.31% |
Long-term debt to equity ratio | 1.45 | 1.54 |