Company Quick10K Filing
Chugach Electric Association
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 0 $-0
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-27 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-10 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-03-21 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-11 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-27 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-12 Quarter: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-K 2016-03-24 Annual: 2015-12-31
10-Q 2015-11-16 Quarter: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-20 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-12 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-20 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-12 Quarter: 2013-06-30
10-Q 2013-05-13 Quarter: 2013-03-31
10-K 2013-03-22 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-11 Quarter: 2012-03-31
10-K 2012-03-20 Annual: 2011-12-31
10-Q 2011-11-10 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-16 Quarter: 2011-03-31
10-K 2011-03-30 Annual: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-14 Quarter: 2010-03-31
10-K 2010-03-05 Annual: 2009-12-31
8-K 2019-11-27 Enter Agreement, Exhibits
8-K 2019-10-31 Enter Agreement
8-K 2019-10-01 Enter Agreement
8-K 2019-08-01 Enter Agreement, Off-BS Arrangement
8-K 2019-05-23 Officers, Amend Bylaw, Exhibits
8-K 2019-05-15 Enter Agreement, Off-BS Arrangement
8-K 2019-04-26
8-K 2019-03-20 Off-BS Arrangement
8-K 2018-12-28 Enter Agreement
8-K 2018-11-29
8-K 2018-10-25 Exhibits
8-K 2018-07-26
8-K 2018-06-21
8-K 2018-05-24 Amend Bylaw, Exhibits
8-K 2018-04-26

Chugach Electric Association Financials

C004 Metrics, Comps, Filings

Annual | Quarterly

Business

Chugach was organized as an Alaska electric cooperative in 1948. Cooperatives are business organizations that are owned by their members. As not-for-profit organizations (Internal Revenue Code 501(c)(12)), cooperatives are structured to provide services to their members at cost, in part by eliminating the need to produce profits or a return on equity other than for reasonable reserves and margins. Today, cooperatives in general operate throughout the United States in such diverse areas as utilities, agriculture, irrigation, insurance and credit. All cooperatives are based upon similar principles and legal foundations. Because members’ equity is not considered an investment, a cooperative’s objectives and policies are oriented to serving member interests, rather than maximizing return on investment.

Chugach is one of the largest electric utilities in Alaska. We are engaged in the generation, transmission and distribution of electricity in the Anchorage and upper Kenai Peninsula areas. Chugach is on an interconnected regional electrical system referred to as the Alaska Railbelt, a 400-mile-long area stretching from the coastline of the southern Kenai Peninsula to the interior of the state, including Alaska’s largest cities, Anchorage and Fairbanks. Neither Chugach nor any other electric utility in Alaska’s Railbelt has any connection to the electric grid of the continental United States or Canada. Our principal executive offices are located at 5601 Electron Drive, Anchorage, Alaska 99518. Our telephone number is (907) 563-7494.

Chugach is an electric cooperative that is exempt from federal income taxation as an organization described in Section 501(c)(12) of the Internal Revenue Code. Chugach’s hydroelectric project is licensed by the Federal Energy Regulatory Commission (“FERC”). As such, Chugach is subject to FERC reporting requirements and our accounting records conform to the Uniform System of Accounts as prescribed by FERC. In lieu of state and local ad valorem, income and excise taxes, Alaska electric cooperatives must pay a gross revenue tax to the State of Alaska at the rate of $0.0005 per kilowatt-hour (kWh) of electricity sold in the retail market during the preceding year. This tax is collected monthly and remitted annually. In addition, we currently collect a regulatory


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Red Metal Resources (RMES) 0.5 -13% 796 1,194 0 0 -106 -66 -32
Motors Liquidation (MTLQQ) -0% 0 0 0 0 -0
Securetech Innovations (SCTF) 3.0 -33% 171 0 0 0 -57 -57 -171
Ingles Markets (IMKT) 25% 3.0 4% 1,839,033 1,193,628 4,185,631 1,032,601 79,102 275,548 836,159
Apache Offshore Investment Partnership (AOIP) 99% -9.8 3% 9,393 1,829 1,412 1,396 250 533 -5,208
Liberty Expedia (LEXE) 0% 0.0 -0% 34,646,000 17,341,000 11,536,000 0 -148,000 1,505,000 8,000
Mission Broadcasting (MBCC) 0% 21.5 -3% 216,254 242,843 112,316 0 -6,859 9,999 214,875
Diversified 2000 Futures Fund (DIFU) -0.0 15% 14,501 3,605 0 0 2,148 2,148 -0
Stemcell Holdings (STMM) 113% -1.0 26% 12,033 6,023 7,314 8,235 3,099 4,927 -5,116
Swedish Export Credit (SEK) 0% 302,033,000 283,794,000 0 0 0 0 -0
Vantage Drilling (VDI) 0% 0.4 26% 1,766,407 1,288,261 778,561 0 464,602 631,786 221,791
Po Yuen Cultural (POYE) 0.0 -1,973% 1 68 0 0 -20 -20 -0
Heritage Nola Bancorp (HRGG) 0% 8.5 0% 122,340 98,467 193 0 275 1,785 15,230
Endra Life Sciences (NDRAU) 0.2 -320% 3,191 1,366 0 0 -10,197 -10,120 -2,268
Davey Tree Expert (DAVEY) 9% 1.7 6% 570,149 398,166 1,094,814 98,215 32,144 96,951 160,637
Teucrium Commodity Trust (TCT) 0% -18.3 5% 209,931 11,900 13,103 0 10,943 10,943 -200,344
Security Land & Development (SLDV) 0% -0.0 53% 24,677 5,836 1,693 0 13,184 19,430 -863
CNH Industrial Capital (CNHC) 0% 7.4 1% 12,948,850 11,625,765 877,023 0 149,409 771,476 5,714,322
Wilson Bank Holding (WBHC) -2.1 1% 2,707,053 2,388,865 0 0 35,611 65,827 -141,376
Hospitality Investors Trust (HIT) -2% -96.3 -5% 2,346,467 1,669,804 608,532 -14,913 -120,965 -15,187 1,463,036

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash17,11814,0474,34716,36515,6274,6735,4867,429
Accounts Receivable42,37446,65144,63436,06028,23333,00135,68131,165
Inventory
PP&E1,068,3681,155,2411,164,0311,177,0681,144,076777777
Assets852,930817,973838,184805,712787,995836,156837,519828,651
Accounts Payable22,80016,48811,4619,7469,7019,6197,4209,539
Long-Term Debt429,450546,090521,597496,914473,024470,443485,606458,997
Liabilities
Stockholders' Equity
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue202,253
Cost of Revenue
Gross Profit
R&D
SG&A22,16923,51923,13125,03623,62322,88823,25722,651
Tax
Net Income6,5035,8146,0495,363
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating40,81243,00539,88361,95752,09632,49430,29139,574
Cash Investing-232,9891,387-44,047-12,687-32,348-89,489-29,562-22,422
Cash Financing197,224-47,463-5,536-37,252-20,48746,04083-16,925