{"id":37367,"date":"2022-02-06T21:01:15","date_gmt":"2022-02-07T03:01:15","guid":{"rendered":"https:\/\/2021report.aecc.com\/?page_id=37367"},"modified":"2022-02-17T10:42:02","modified_gmt":"2022-02-17T16:42:02","slug":"financial-highlights","status":"publish","type":"page","link":"https:\/\/2021report.aecc.com\/financial-highlights\/","title":{"rendered":"Financial Highlights"},"content":{"rendered":"\t<div id=\"gap-2082550437\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2082550437 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"row\"  id=\"row-626981493\">\n\n\t<div id=\"col-2093865164\" class=\"col medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n<a rel=\"noopener noreferrer\" href=\"https:\/\/2021report.aecc.com\/wp-content\/uploads\/AECC-Financial-Report-2021.pdf\" target=\"_blank\" class=\"button primary reveal-icon\"  >\n    <span>Download Audit Report (PDF)<\/span>\n  <i class=\"icon-angle-right\" ><\/i><\/a>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-2064170578\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h2 style=\"text-align: center;\">Financial Highlights<\/h2>\n\t<div id=\"gap-105975924\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-105975924 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n<div style=\"overflow-x: auto;\">\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<th><\/th>\n<th><strong>2021<\/strong><\/th>\n<th><strong>2020<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Energy sales to members<\/td>\n<td>15,149,859 MWh<\/td>\n<td>14,174,650 MWh<\/td>\n<\/tr>\n<tr>\n<td>Sales to others<\/td>\n<td>947,674 MWh<\/td>\n<td>1,197,459 MWh<\/td>\n<\/tr>\n<tr>\n<td>Total<\/td>\n<td>16,097,533 MWh<\/td>\n<td>15,372,109 MWh<\/td>\n<\/tr>\n<tr>\n<td>Average cost to members<\/td>\n<td>$65.52 \/MWh<\/td>\n<td>$48.16 \/MWh<\/td>\n<\/tr>\n<tr>\n<td>Total operating revenues<\/td>\n<td>$1,094,600,164<\/td>\n<td>$739,631,998<\/td>\n<\/tr>\n<tr>\n<td>Operating margin<\/td>\n<td>$25,000,786<\/td>\n<td>$49,476,702<\/td>\n<\/tr>\n<tr>\n<td>Net margin<\/td>\n<td>$25,595,505<\/td>\n<td>$50,562,717<\/td>\n<\/tr>\n<tr>\n<td>Cash flows from operations<\/td>\n<td>$94,309,978<\/td>\n<td>$100,460,357<\/td>\n<\/tr>\n<tr>\n<td>Times interest earned ratio<\/td>\n<td>1.90<\/td>\n<td>2.64<\/td>\n<\/tr>\n<tr>\n<td>Margins for Interest ratio<\/td>\n<td>1.90<\/td>\n<td>2.65<\/td>\n<\/tr>\n<tr>\n<td>Debt service coverage ratio<\/td>\n<td>2.05<\/td>\n<td>2.23<\/td>\n<\/tr>\n<tr>\n<td>Earnings to fixed charges<\/td>\n<td>1.81<\/td>\n<td>2.34<\/td>\n<\/tr>\n<tr>\n<td>Total assets<\/td>\n<td>$1,879,537,318<\/td>\n<td>$1,774,450,284<\/td>\n<\/tr>\n<tr>\n<td>Net utility plant<\/td>\n<td>$1,516,093,329<\/td>\n<td>$1,451,962,083<\/td>\n<\/tr>\n<tr>\n<td>Total long-term debt<\/td>\n<td>$822,381,207<\/td>\n<td>$786,219,616<\/td>\n<\/tr>\n<tr>\n<td>Total equity<\/td>\n<td>$621,715,931<\/td>\n<td>$636,120,426<\/td>\n<\/tr>\n<tr>\n<td>Equity to assets ratio<\/td>\n<td>33.08%<\/td>\n<td>35.85%<\/td>\n<\/tr>\n<tr>\n<td>Equity \/ total capitalization<br \/>\n(including short-term debt)<\/td>\n<td>36.56%<\/td>\n<td>38.55%<\/td>\n<\/tr>\n<tr>\n<td>Long-term debt to equity ratio<\/td>\n<td>1.32<\/td>\n<td>1.24<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-nosidebar.php","meta":{"inline_featured_image":false,"footnotes":""},"_links":{"self":[{"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/pages\/37367"}],"collection":[{"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/comments?post=37367"}],"version-history":[{"count":14,"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/pages\/37367\/revisions"}],"predecessor-version":[{"id":37507,"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/pages\/37367\/revisions\/37507"}],"wp:attachment":[{"href":"https:\/\/2021report.aecc.com\/wp-json\/wp\/v2\/media?parent=37367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}