Financial Summary
| ($ in Thousands) | ||||
| Statement of Financial Position | 2012 | 2011 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| ASSETS | ||||
| Cash and Cash Equivalents | $64,342 | $22,259 | $86,601 | $48,291 |
| Accounts and Pledges Receivable | 106,091 | - | 106,091 | 81,146 |
| Inventories | 1,953 | - | 1,953 | 2,850 |
| Investments | 390,141 | 472,944 | 863,085 | 864,450 |
| Interfund (Payable) Receivable | (13,880) | 13,880 | - | - |
| Other | 20,833 | 27 | 20,860 | 15,184 |
| Buildings, Land, and Other Property | 109,467 | - | 109,467 | 110,172 |
| Total Assets | $678,947 | $509,110 | $1,188,057 | $1,122,093 |
| LIABILITIES AND NET ASSETS | ||||
| LIABILITIES | ||||
| Accrued Expenses and Accounts Payable | $64,358 | $11,470 | $75,828 | $75,274 |
| Deferred Revenues | 161,449 | - | 161,449 | 143,729 |
| Short and Long-Term Debt | 2,431 | - | 2,431 | 3,168 |
| Postretirement Benefits and Other | 218,929 | 3,598 | 222,527 | 213,120 |
| Total Liabilities | 447,167 | 15,068 | 462,235 | 435,291 |
| NET ASSETS | ||||
| Unrestricted | 138,796 | - | 138,796 | 139,470 |
| Temporarily Restricted | 26,001 | 421,542 | 447,543 | 412,563 |
| Permanently Restricted | 66,983 | 72,500 | 139,483 | 134,769 |
| Total Net Assets | 231,780 | 494,042 | 725,822 | 686,802 |
| Total Liabilities and Net Assets | $678,947 | $509,110 | $1,188,057 | $1,122,093 |
| Statement of Activities | 2012 | 2011 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| REVENUES | ||||
| Electronic Services | $421,862 | - | $421,862 | $403,834 |
| Net Assets Released from Restriction | 8,438 | 20,483 | 28,921 | 26,485 |
| Dues | 12,277 | - | 12,277 | 12,294 |
| Member Insurance Premiums, Refunds, and Fees | 11,464 | - | 11,464 | 11,299 |
| Registration Fees and Booth Sales | 11,145 | - | 11,145 | 10,061 |
| Advertising | 9,217 | - | 9,217 | 8,945 |
| Investment Income | 8,613 | 53 | 8,666 | 10,008 |
| Printed Services | 7,135 | - | 7,135 | 8,846 |
| Other | 7,108 | - | 7,108 | 8,028 |
| Total Unrestricted Revenues | 497,259 | 20,536 | 517,795 | 499,800 |
| EXPENSES | ||||
| Information Services | 368,901 | - | 368,901 | 354,249 |
| Member Programs and Services | 46,391 | - | 46,391 | 42,152 |
| Member Insurance Program | 15,210 | - | 15,210 | 14,781 |
| Grants and Awards | 3,821 | 18,852 | 22,673 | 22,205 |
| Administrative | 37,913 | 1,684 | 39,597 | 38,157 |
| Other | 8,645 | - | 8,645 | 8,157 |
| Total Expenses | 480,881 | 20,536 | 501,417 | 479,701 |
| Net Contribution | 16,378 | - | 16,378 | 20,099 |
| Net Investment Gains / (Losses) | 31,568 | - | 31,568 | (535) |
| Change in Pension Funding Status and Other | (48,620) | - | (48,620) | (50,016) |
| Change in Unrestricted Net Assets | (674) | - | (674) | (30,452) |
| Contributions | 3,936 | - | 3,936 | 6,089 |
| Investment Income and Net Investment Gains / (Losses) | 9,374 | 55,324 | 64,698 | (6,556) |
| Net Assets Released From Restriction | (8,438) | (20,483) | (28,921) | (26,485) |
| Other | 131 | (150) | (19) | 880 |
| Change in Restricted Net Assets | 5,003 | 34,691 | 39,694 | (26,072) |
| Change in Total Net Assets | 4,329 | 34,691 | 39,020 | (56,524) |
| Beginning Total Net Assets | 227,451 | 459,351 | 686,802 | 743,326 |
| Ending Total Net Assets | $231,780 | $494,042 | $725,822 | $686,802 |