ABSTRACT
This chapter presents disaggregated data on the 53 unions’ balance sheets. It finds that, on average, the unions total assets’ rose 52 percent comparing end to beginning periods, with net assets rising 60 percent. Two unions had more than $1 billion in total assets in the last interval, while three had more than $500 million. On average, the unions’ working capital (current assets minus current liabilities) rose 21 percent comparing 2018–2019 to 2006–2007. Seven unions had working capital in excess of $100 million in this last two-year period. Across the unions, the average fixed assets rose from just above $14 million to over $18 million or 27 percent. Over the seven time periods, more than one-third of the total assets are held in working capital. On average, non-fixed assets amounted to between 43 and 46 percent of total assets over the 14 years. In 2018–2019, only three unions held more than one-third of their total in fixed assets. Thirty-four unions had less than 10 percent in the fixed category in 2018–2019. Nearly 83 percent of the unions’ liabilities, on average, are held in the umbrella “other” category. Sixty percent of the total other liabilities are comprised of post-retirement healthcare and pension obligations.
