Consolidated Financial Statements Basin Electric Power Cooperative and Subsidiaries
Consolidated Balance Sheets as of December 31, (dollars in thousands)
ASSETS 2013 2012
Electric plant: In service $ 5,348,845 $ 4,748,011 Property held under capital leases 48,831 40,586 Construction work in progress 132,227 499,153 Total electric plant 5,529,903 5,287,750 Less: accumulated provision for depreciation and amortization (1,785,934) (1,666,811) 3,743,969 3,620,939 Nonutility property: Property, plant and equipment 1,640,981 1,462,918 Construction work in progress 16,749 97,715 Total nonutility property 1,657,730 1,560,633 Less: accumulated provision for depreciation and depletion (637,215) (569,452) 1,020,515 991,181 Other property, investments and deferred charges: Mine related assets (Note 5) 129,782 121,322 Investments in associated companies 35,683 31,495 Other investments 65,354 73,709 Special funds 53,190 62,704 Deferred charges (Note 6) 191,760 146,155 475,769 435,385 Current assets: Cash and cash equivalents 123,410 128,914 Restricted cash and investments (Note 2) 30,000 10,125 Short-term investments 211,505 347,723 Customer accounts receivable 137,057 100,530
Other receivables, net of allowance for uncollectibles
88,465
83,118
Coal stock, materials and supplies (Note 2) 185,056 172,235 Prepayments and other current assets 74,015 171,469 849,508 1,014,114 $ 6,089,761 $ 6,061,619
EQUITY AND LIABILITIES 2013 2012
Capitalization: Equity: Memberships $ 21 $ 21 Patronage capital 546,711 514,851 Retained earnings of subsidiaries 406,947 417,246 Other equity (Note 7) 302,058 277,672 Accumulated other comprehensive income (loss) 15,692 (110,204) 1,271,429 1,099,586 Noncontrolling interest 2,506 1,588 1,273,935 1,101,174 Long-term debt, net of current portion (Note 8) 3,371,200 3,632,724 Capital lease obligations, net of current portion (Note 3) 58,041 47,250 4,703,176 4,781,148 Deferred credits, taxes and other liabilities (Note 11) 537,646 612,127 Commitments and contingencies (Notes 3 and 12) Current liabilities: Current portion of long-term debt (Note 8) 130,016 39,983 Current portion of capital lease obligations (Note 3) 3,113 2,256 Accounts payable 155,872 139,776 Notes payable – affiliates 157,183 111,416 Notes payable (Note 12) 309,879 279,894 Taxes and other current liabilities 92,876 95,019 848,939 668,344 $ 6,089,761 $ 6,061,619 The accompanying notes are an integral part of these consolidated financial statements.
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