Financial Summary
| ($ in Thousands) | ||||
| Statement of Financial Position | 2013 | 2012 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| ASSETS | ||||
| Cash and Cash Equivalents | $23,173 | $14,496 | $37,669 | $86,601 |
| Accounts and Pledges Receivable, Net | 107,634 | - | 107,634 | 106,091 |
| Inventories | 2,114 | - | 2,114 | 1,953 |
| Investments | 483,689 | 531,915 | 1,015,604 | 863,085 |
| Interfund (Payable) Receivable | (13,466) | 13,466 | - | - |
| Other | 20,826 | 30 | 20,856 | 20,860 |
| Buildings, Land, and Other Property, Net | 107,570 | 12 | 107,582 | 109,467 |
| Total Assets | $731,540 | $559,919 | $1,291,459 | $1,188,057 |
| LIABILITIES AND NET ASSETS | ||||
| LIABILITIES | ||||
| Accrued Expenses and Accounts Payable | $67,442 | $12,158 | $79,600 | $75,828 |
| Deferred Revenues | 168,134 | - | 168,134 | 161,449 |
| Short and Long-Term Debt | 1,660 | - | 1,660 | 2,431 |
| Postretirement Benefits and Other | 141,712 | 4,489 | 146,201 | 222,527 |
| Total Liabilities | 378,948 | 16,647 | 395,595 | 462,235 |
| NET ASSETS | ||||
| Unrestricted | 250,730 | - | 250,730 | 138,796 |
| Temporarily Restricted | 28,431 | 470,772 | 499,203 | 447,543 |
| Permanently Restricted | 73,431 | 72,500 | 145,931 | 139,483 |
| Total Net Assets | 352,592 | 543,272 | 895,864 | 725,822 |
| Total Liabilities and Net Assets | $731,540 | $559,919 | $1,291,459 | $1,188,057 |
| Statement of Activities | 2013 | 2012 | ||
| ACS Programs |
Petroleum Research Fund |
Total | Total | |
| REVENUES | ||||
| Electronic Services | $429,988 | - | $429,988 | $421,862 |
| Member Insurance Premiums, Refunds, and Fees | 15,310 | - | 15,310 | 11,464 |
| Dues | 11,958 | - | 11,958 | 12,277 |
| Registration Fees and Booth Sales | 9,745 | - | 9,745 | 11,145 |
| Advertising | 7,947 | - | 7,947 | 9,217 |
| Printed Services | 6,651 | - | 6,651 | 7,135 |
| Investment Income | 6,609 | 75 | 6,684 | 8,666 |
| Net Assets Released from Restriction | 5,499 | 22,196 | 27,695 | 28,921 |
| Other | 6,660 | - | 6,660 | 7,108 |
| Total Unrestricted Revenues | 500,367 | 22,271 | 522,638 | 517,795 |
| EXPENSES | ||||
| Information Services | 373,599 | - | 373,599 | 368,901 |
| Member Programs and Services | 46,029 | - | 46,029 | 46,391 |
| Member Insurance Program | 15,300 | - | 15,300 | 15,210 |
| Grants and Awards | 2,840 | 20,593 | 23,433 | 22,673 |
| Administrative | 37,523 | 1,678 | 39,201 | 39,597 |
| Other | 8,195 | - | 8,195 | 8,645 |
| Total Expenses | 483,486 | 22,271 | 505,757 | 501,417 |
| Net Contribution | 16,881 | - | 16,881 | 16,378 |
| Net Investment Gains | 34,107 | - | 34,107 | 31,568 |
| Change in Pension Funding Status and Other | 60,946 | - | 60,946 | (48,620) |
| Change in Unrestricted Net Assets | 111,934 | - | 111,934 | (674) |
| Contributions | 3,528 | - | 3,528 | 3,936 |
| Investment Income and Net Investment Gains | 9,928 | 72,376 | 82,304 | 64,698 |
| Net Assets Released From Restriction | (5,499) | (22,196) | (27,695) | (28,921) |
| Other | 921 | (950) | (29) | (19) |
| Change in Restricted Net Assets | 8,878 | 49,230 | 58,108 | 39,694 |
| Change in Total Net Assets | 120,812 | 49,230 | 170,042 | 39,020 |
| Beginning Total Net Assets | 231,780 | 494,042 | 725,822 | 686,802 |
| Ending Total Net Assets | $352,592 | $543,272 | $895,864 | $725,822 |