202604032023 Income Statement.pdf

Clearwater Power Company Rev:202303040820
01/11/2024 5:00:36 pm General Ledger Page: 1
Financial And Operating Report Electric Distribution
INCOME STATEMENT FOR DEC 2023
----------------------------------Year-To-Date------------------------------- -------------Period-To-Date-----------------
Item Last Year This Year Budget Current Budget
1.Operating Revenue and Patronage Capital 23,728,877.63 23,884,645.40 22,493,793.00 2,441,239.93 2,429,039.00
2.Power Production Expense 0.00 0.00 0.00 0.00 0.00
3.Cost of Purchased Power 9,320,421.57 8,881,570.49 6,574,841.11 2,237,555.36 942,056.12
4.Transmission Expense 44,735.94 58,928.03 35,974.67 3,986.70 4,926.04
5.Regional Market Expense 0.00 0.00 0.00 0.00 0.00
6.Distribution Expense-Operation 1,886,357.81 2,072,302.35 1,797,336.76 169,213.96 132,639.79
7.Distribution Expense-Maintenance 3,370,501.81 2,981,598.94 3,148,742.38 292,552.55 223,712.16
8.Customer Accounts Expense 513,063.79 557,417.28 596,209.66 40,285.48 44,049.63
9.Customer Service and Informational Expense 331,224.11 374,665.49 398,481.35 32,772.22 33,248.12
10.Sales Expense 19,861.58 15,847.34 20,659.19 1,957.45 1,792.23
11.Administrative and General Expense 2,511,417.98 2,541,493.64 2,802,229.74 224,811.41 253,613.61
12.Total Operation&Maintenance Expense(2 thru 11) 17,997,584.59 17,483,823.56 15,374,474.86 3,003,135.13 1,636,037.70
13.Depreciation&Amortization Expense 2,742,188.07 2,778,368.00 2,821,739.80 238,947.76 242,074.15
14.Tax Expense-Property&Gross Receipts 482,506.63 493,715.36 513,439.00 4,334.00 43,548.00
15.Tax Expense-Other 6,830.73 7,146.84 7,465.00 519.79 363.37
16.Interest on Long-Term Debt 1,055,871.15 1,088,740.82 1,078,781.00 86,579.01 92,563.11
17.Interest Charged to Construction-Credit 0.00 0.00 0.00 0.00 0.00
18.Interest Expense-Other 12,078.09 12,928.76 19,500.00 0.00 0.00
19.Other Deductions 0.00 0.00 0.00 0.00 0.00
20.Total Cost of Electric Service(12 thru 19) 22,297,059.26 21,864,723.34 19,815,399.66 3,333,515.69 2,014,586.33
21.Patronage Capital&Operating Margins(1 minus 20) 1,431,818.37 2,019,922.06 2,678,393.34 -892,275.76 414,452.67
22.Non Operating Margins-Interest 124,874.06 173,845.44 94,300.00 25,504.14 2,650.00
23.Allowance for Funds Used During Construction 0.00 0.00 0.00 0.00 0.00
24.Income(Loss)from Equity Investments 0.00 0.00 0.00 0.00 0.00
25.Non Operating Margins-Other 109,133.61 3,195.17 55,621.77 12,670.19 3,163.18
26.Generation and Transmission Capital Credits 56,394.00 57,699.00 50,000.00 57,699.00 50,000.00
27.Other Capital Credits and Patronage Dividends 109,429.48 84,705.86 111,800.00 4,947.30 9,000.00
28.Extraordinary Items 0.00 0.00 0.00 0.00 0.00
29.Patronage Capital or Margins(21 thru 28) 1,831,649.52 2,339,367.53 2,990,115.11 -791,455.13 479,265.85
Operating-Margin 1,541,247.85 2,104,627.92 2,790,193.34 -887,328.46 423,452.67
Non Operating-Margin 290,401.67 234,739.61 199,921.77 95,873.33 55,813.18
Times Interest Earned Ratio-Operating 2.36 2.86
Times Interest Earned Ratio-Net 2.73 3.15
Times Interest Earned Ratio-Modified 2.58 3.02
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