Financial Summary
| ($ in Thousands) | ||||
| Statement of Financial Position | 2010 | 2009 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| ASSETS | ||||
| Cash and Cash Equivalents | $ 28,710 | $ 10,505 | $ 39,215 | $ 43,898 |
| Accounts and Pledges Receivable | 70,306 | - | 70,306 | 60,013 |
| Inventories | 4,841 | - | 4,841 | 6,264 |
| Investments | 425,137 | 472,012 | 897,149 | 844,429 |
| Interfund (Payable) Receivable | (15,986) | 15,986 | - | - |
| Collateral Held | 37,332 | 25,770 | 63,102 | 33,315 |
| Other | 12,940 | 22 | 12,962 | 16,550 |
| Buildings, Land, and Other Property | 104,030 | - | 104,030 | 105,534 |
| Total Assets | $ 667,310 | $ 524,295 | $ 1,191,605 | $ 1,110,003 |
| LIABILITIES AND NET ASSETS | ||||
| LIABILITIES | ||||
| Accrued Expenses and Accounts Payable | $ 68,226 | $ 7,800 | $ 76,026 | $ 74,382 |
| Deferred Revenues | 120,205 | - | 120,205 | 106,392 |
| Short and Long-Term Debt | 3,869 | - | 3,869 | 25,182 |
| Postretirement Benefits and Other | 182,289 | 2,788 | 185,077 | 183,055 |
| Collateral Payable | 37,332 | 25,770 | 63,102 | 33,315 |
| Total Liabilities | 411,921 | 36,358 | 448,279 | 422,326 |
| NET ASSETS | ||||
| Unrestricted | 169,922 | - | 169,922 | 159,338 |
| Temporarily Restricted | 22,685 | 415,437 | 438,122 | 396,396 |
| Permanently Restricted | 62,782 | 72,500 | 135,282 | 131,943 |
| Total Net Assets | 255,389 | 487,937 | 743,326 | 687,677 |
| Total Liabilities and Net Assets | $ 667,310 | $ 524,295 | $ 1,191,605 | $ 1,110,003 |
| Statement of Activities | 2010 | 2009 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| REVENUES | ||||
| Electronic Services | $ 390,386 | $ - | $ 390,386 | $ 375,742 |
| Printed Services | 14,270 | - | 14,270 | 23,707 |
| Advertising | 8,824 | - | 8,824 | 8,977 |
| Dues | 12,361 | - | 12,361 | 12,098 |
| Registration Fees and Booth Sales | 11,438 | - | 11,438 | 9,781 |
| Member Insurance Premiums | 14,482 | - | 14,482 | 15,709 |
| Investment Income | 10,015 | 60 | 10,075 | 12,153 |
| Other | 6,641 | - | 6,641 | 6,981 |
| Net Assets Released from Restriction | 5,977 | 15,781 | 21,758 | 34,392 |
| Total Unrestricted Revenues | 474,394 | 15,841 | 490,235 | $ 499,540 |
| EXPENSES | ||||
| Information Services | 345,707 | - | 345,707 | 347,918 |
| Member Programs and Services | 40,075 | - | 40,075 | 40,437 |
| Member Insurance Program | 14,582 | - | 14,582 | 15,270 |
| Grants and Awards | 3,117 | 14,029 | 17,146 | 28,822 |
| Administrative | 34,652 | 1,812 | 36,464 | 37,532 |
| Other | 9,574 | - | 9,574 | 9,654 |
| Total Expenses | 447,707 | 15,841 | 463,548 | 479,633 |
| Net Contribution | 26,687 | - | 26,687 | 19,907 |
| Net Investment Gains | 19,096 | - | 19,096 | 32,120 |
| Change in Pension Funding Status and Other | (35,199) | - | (35,199) | 17,600 |
| Change in Unrestricted Net Assets | 10,584 | - | 10,584 | 69,627 |
| Contributions | 3,416 | - | 3,416 | 40,147 |
| Investment Income and Net Investment Gains | 7,551 | 55,856 | 63,407 | 93,569 |
| Net Assets Released From Restriction | (5,977) | (15,781) | (21,758) | (34,392) |
| Other | 238 | (238) | - | (43) |
| Change in Restricted Net Assets | 5,228 | 39,837 | 45,065 | 99,281 |
| Change in Total Net Assets | 15,812 | 39,837 | 55,649 | 168,908 |
| Beginning Total Net Assets | 239,577 | 448,100 | 687,677 | 518,769 |
| Ending Total Net Assets | $ 255,389 | $ 487,937 | $ 743,326 | $ 687,677 |