Balance Sheet (Audited) - 2016
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1December 31, 2016 Balance Sheet (Audited)
INTERNET I ELECTRIC I HOME
Assets
12 Months Ended Dec. 31, Cash Flow (Audited)
Current and Accrued Assets
$
62,391,241
Cash Flows from Operating Activities
Electric Plant
$
Net Income
24,607,431
$
Original Plant
636,096,930
Adjustments to Net Income
$
Accumulated Depreciation
(190,567,905)
$
Depreciation
22,257,404
$
Net Value of Electric Plant
445,529,025
$
(Increase) Decrease in Assets
(197,940)
$
Investment & Fund Accounts
22,961,264
$
Increase (Decrease) in Liabilities
9,488,542
$
Deferred Debits
8,553,099
$
Net Cash Provided by Operating Activities
56,155,437
$
Total Assets
539,434,629
Cash Flows from Investing Activities
Liabilities
$
Purchases of Property, Plant & Equipment
(38,291,518)
Current and Accrued Liabilities
$
21,499,266
$
(Purchase) Proceeds from Investments
(1,844,239)
Indebtedness to CFC
$
19,859,794
Net Cash Used by Investing Activities
$
(40,135,757)
Indebtedness to CoBank
$
56,218,026
Commercial Paper
$
—
Cash Flows from Financial Activities
Bonds
$
114,245,000
$
Proceeds from Borrowings
—
Accounts Payable
$
24,763,002
$
Repayment of Long Term Debt
(7,421,861)
Deferred Credits
$
31,784,758
$
Net Change in Patron Capital
(3,888,311)
Total Liabilities
$
268,369,846
$
Net Cash Provided by Financing Activities
(11,310,172)
Member Equity
$
Membership Fees
2,029,489
Net Increase (Decrease) in Cash and Cash Equivalents
$
4,709,508
$
Patronage Capital & Other Equities
269,035,294
Cash and Cash Equivalents at Beginning of Year
$
29,632,991
$
Total Member Equity
271,064,783
$
Cash and Cash Equivalents at December 31, 2016
34,342,499
$
Total Liabilities & Equity
539,434,629
12 Months Ended Dec. 31, Income Statement (Audited)
Operating Revenue
Revenue from Rates
$
194,090,920
Other Revenue
$
17,186,003
Total
$
211,276,923
Cost of Power
$
129,663,672
Gross Margin
$
81,613,251
Expenses
Operating Expense
29,584,142
$
Interest on Debt
8,745,966
$
Depreciation
$
21,091,081
Other Expense
260,260
$
Sub-Total Expenses
59,681,449
$
Operating Margin
$
21,931,802
Other Margin
$
2,675,629
Total Margin
$
24,607,431
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