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Annual Report 2015

Financials

Financial Summary

Financial Summary for 2015. Statement of Financial Position.
($ in Thousands)
Statement of Financial Position 2015 2014
Statement of Financial Position  ACS
Programs
Petroleum
Research Fund
2014 Total 2013 Total
ASSETS        
Cash and Cash Equivalents $42,409 $20,174 $62,583 $54,864
Accounts and Pledges Receivable 125,122 - 125,122 116,753
Investments 470,000 513,687 983,687 1,042,293
Buildings, Land, and Other Property 109,759 87 109,846 106,146
Interfund (Payable) Receivable (13,788) 13,788 - -
Other 25,900 52 25,952 24,162
Total Assets $759,402 $547,788 $1,307,190 $1,344,218
         
         
Financial Summary for 2015. Statement of Financial Position.
Statement of Financial Position 2015 ACS Programs 2015 Petroleum Research Fund 2015 Total 2014 Total
LIABILITIES AND NET ASSETS        
LIABILITIES        
Accrued Expenses and Accounts Payable $65,021 $13,397 $78,418 $83,077
Deferred Revenues  197,119 - 197,119 187,101
Short and Long-Term Debt - - - 853
Postretirement Benefits and Other 189,721 4,345 194,066 225,748
Total Liabilities 451,861 17,742 469,603 496,779
         
Financial Summary for 2015. Statement of Financial Position.
Statement of Financial Position 2015 ACS Programs 2015 Petroleum Research Fund 2015 Total 2014 Total
NET ASSETS        
Unrestricted 202,321 - 202,321 190,103
Temporarily Restricted 39,686 457,546 497,232 508,648
Permanently Restricted 65,534 72,500 138,034 148,688
Total Net Assets 307,541 530,046 837,587 847,439
Total Liabilities and Net Assets  $759,402 $547,788 $1,307,190 $1,344,218
         
         
Financial Summary for 2015. Statement of Activities.
Statement of Activities 2015 2014
Statement of Activities ACS
Programs
Petroleum
Research Fund
2014 Total 2013 Total
REVENUES        
Electronic Services $447,010 $- $447,010 $436,084
Dues 12,003 - 12,003 12,102
Registration Fees and Booth Sales 10,457 - 10,457 10,744
Member Insurance Premiums, Refunds, and Fees 9,923 - 9,923 13,805
Investment Income 9,216 83 9,299 9,535
Advertising 7,227 - 7,227 8,073
Printed Services 3,859 - 3,859 4,740
Net Assets Released from Restriction 6,566 23,226 29,792 29,113
Other 6,176 - 6,176 6,520
Total Unrestricted Revenues 512,437 23,309 535,746 530,716
         
Financial Summary for 2015. Statement of Activities.
Statement of Activities 2014 ACS Programs 2014 Petroleum Research Fund 2014 Total 2013 Total
EXPENSES        
Information Services 382,180 - 382,180 376,136
Member Programs and Services 45,292 - 45,292 43,261
Member Insurance Program 16,502 - 16,502 15,517
Grants and Awards 3,544 21,483 25,027 24,996
Administrative 46,870 1,826 48,696 44,906
Other 7,611 - 7,611 7,754
Total Expenses 501,999 23,309 525,308 512,570
Financial Summary for 2015. Statement of Activities.
Statement of Activities 2015 ACS Programs 2015 Petroleum Research Fund 2015 Total 2014 Total
Net Contribution 10,438 - 10,438 18,146
Net Investment (Losses)/Gains (16,985) - (16,985) 15,428
Change in Pension Funding Status 18,765 - 18,765 (94,201)
Change in Unrestricted Net Assets 12,218 - 12,218 (60,627)
Contributions 5,558 - 5,558 4,139
Investment Income and Net Investment (Losses) / Gains (535) 2,698 2,163 37,176
Net Assets Released From Restriction  (6,565) (23,226) (29,791) (29,113)
Change in Restricted Net Assets (1,542) (20,528) (22,070) 12,202
Change in Total Net Assets  10,676 (20,528) (9,852) (48,425)
Beginning Total Net Assets 296,865 550,574 847,439 895,864
Ending Total Net Assets $307,541 $530,046 $837,587 $847,439