Financial Summary
| ($ in Thousands) | ||||
| Statement of Financial Position | 2011 | 2010 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| ASSETS | ||||
| Cash and Cash Equivalents | $ 28,555 | $ 19,736 | $ 48,291 | $ 39,215 |
| Accounts and Pledges Receivable | 81,146 | - | 81,146 | 70,306 |
| Inventories | 2,850 | - | 2,850 | 4,841 |
| Investments | 423,037 | 441,413 | 864,450 | 897,149 |
| Interfund (Payable) Receivable | (12,587) | 12,587 | - | - |
| Collateral Held | - | - | - | 63,102 |
| Other | 15,159 | 25 | 15,184 | 12,962 |
| Buildings, Land, and Other Property | 110,172 | - | 110,172 | 104,030 |
| Total Assets | $ 648,332 | $ 473,761 | $ 1,122,093 | $ 1,191,605 |
| LIABILITIES AND NET ASSETS | ||||
| LIABILITIES | ||||
| Accrued Expenses and Accounts Payable | $ 64,779 | $ 10,495 | $ 75,274 | $ 76,026 |
| Deferred Revenues | 143,729 | - | 143,729 | 120,205 |
| Short and Long-Term Debt | 3,168 | - | 3,168 | 3,869 |
| Postretirement Benefits and Other | 209,205 | 3,915 | 213,120 | 185,077 |
| Collateral Payable | - | - | - | 63,102 |
| Total Liabilities | 420,881 | 14,410 | 435,291 | 448,279 |
| NET ASSETS | ||||
| Unrestricted | 139,470 | - | 139,470 | 169,922 |
| Temporarily Restricted | 25,712 | 386,851 | 412,563 | 438,122 |
| Permanently Restricted | 62,269 | 72,500 | 134,769 | 135,282 |
| Total Net Assets | 227,451 | 459,351 | 686,802 | 743,326 |
| Total Liabilities and Net Assets | $ 648,332 | $ 473,761 | $ 1,122,093 | $ 1,191,605 |
| Statement of Activities | 2011 | 2010 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| REVENUES | ||||
| Electronic Services | $ 403,834 | $ - | $ 403,834 | $ 390,386 |
| Dues | 12,294 | - | 12,294 | 12,361 |
| Member Insurance Premiums, Refunds, and Fees | 11,299 | - | 11,299 | 14,482 |
| Printed Services | 10,295 | - | 10,295 | 14,270 |
| Registration Fees and Booth Sales | 10,061 | - | 10,061 | 11,438 |
| Advertising | 8,945 | - | 8,945 | 8,824 |
| Investment Income | 9,948 | 60 | 10,008 | 10,075 |
| Net Assets Released from Restriction | 5,618 | 20,867 | 26,485 | 21,758 |
| Other | 6,579 | - | 6,579 | 6,641 |
| Total Unrestricted Revenues | 478,873 | 20,927 | 499,800 | 490,235 |
| EXPENSES | ||||
| Information Services | 354,249 | - | 354,249 | 345,707 |
| Member Programs and Services | 42,152 | - | 42,152 | 40,075 |
| Member Insurance Program | 14,781 | - | 14,781 | 14,582 |
| Grants and Awards | 3,081 | 19,124 | 22,205 | 17,146 |
| Administrative | 36,354 | 1,803 | 38,157 | 36,464 |
| Other | 8,157 | - | 8,157 | 9,574 |
| Total Expenses | 458,774 | 20,927 | 479,701 | 463,548 |
| Net Contribution | 20,099 | - | 20,099 | 26,687 |
| Net Investment Gains | (535) | - | (535) | 19,096 |
| Change in Pension Funding Status and Other | (50,016) | - | (50,016) | (35,199) |
| Change in Unrestricted Net Assets | (30,452) | - | (30,452) | 10,584 |
| Contributions | 6,089 | - | 6,089 | 3,416 |
| Investment Income and Net Investment Gains | 1,063 | (7,619) | (6,556) | 63,407 |
| Net Assets Released From Restriction | (5,618) | (20,867) | (26,485) | (21,758) |
| Other | 980 | (100) | 880 | - |
| Change in Restricted Net Assets | 2,514 | (28,586) | (26,072) | 45,065 |
| Change in Total Net Assets | (27,938) | (28,586) | (56,524) | 55,649 |
| Beginning Total Net Assets | 255,389 | 487,937 | 743,326 | 687,677 |
| Ending Total Net Assets | $ 227,451 | $ 459,351 | $ 686,802 | $ 743,326 |