Skip to main content

2014 Annual Report

Executive Summary

Arkansas Electric Cooperatives Cooperation

  2014 2013
Energy sales to members 13,986,297 MWh 13,659,884 MWh
Sales to others 933,521 MWh 1,135,762 MWh
Total 14,919,818 MWh 14,795,646 MWh
Average cost to members $51.69 /MWh $51.28 /MWh
Total operating revenues $ 767,470,846 $ 736,207,025
Operating margin $ 9,852,261 $ 9,634,098
Net margin $ 15,484,324 $ 13,525,785
Cash flows from operations $ 63,385,918 $ 54,484,899
Times interest earned ratio 1.46 1.42
Margins for Interest ratio 1.46 1.43
Debt service coverage ratio 1.50 1.62
Earnings to fixed charges 1.33 1.30
Total assets $ 1,762,785,429 $ 1,608,694,747
Net utility plant $ 1,226,440,417 $ 1,168,375,763
Total long-term debt $ 809,309,102 $ 769,161,010
Total equity $ 520,940,521 $ 515,697,786
Equity to assets ratio 29.55% 32.06%
Equity as % of capitalization 39.16% 40.14%
Long-term debt to equity ratio 1.55 1.49