University of Rochester

Financial Statement Highlights

The Balance Sheet


bar chart: Total Net Assets

Consolidated Balance Sheets as of June 30, 2006 and 2005

($ in thousands) 2006 2005
 
Assets  
 
Cash and cash equivalents $199,805 $175,019
Operating investments, at market 147,793 147,086
Accounts receivable, net 231,258 222,778
Inventories, prepaid expenses, and deferred charges 49,143 48,411
Contributions receivable, net 29,044 35,074
Notes receivable, net 18,583 20,066
Other assets 4,710 2,019
Investments held for long-term purposes 1,633,507 1,514,604
Property, plant, and equipment, net 1,103,891 1,009,331
Interest in net assets of foundation 16,920 16,382
Investments in perpetual trusts held by others 54,533 52,451
 
Total Assets $3,489,187 $3,243,221
 
Liabilities and Net Assets  
 
Liabilities:  
   Accounts payable and accrued expenses $205,734 $203,550
   Advanced receipt of sponsored research revenues 31,132 34,644
   Deferred revenue 48,700 45,897
   Third-party settlements payable, net 75,860 76,730
   Accrued pension, post-retirement, post-employment obligations 140,356 135,423
   Long-term debt 541,305 535,430
   Asset retirement obligation 16,763
   Refundable U.S. Government grants for student loans 15,719 15,660
     
Total Liabilities 1,075,569 1,047,334
     
Net assets:    
   Unrestricted 1,944,990 1,726,153
   Temporarily restricted 211,969 220,361
   Permanently restricted 256,659 249,373
 
Total Net Assets 2,413,618 2,195,887
 
Total Liabilities and Net Assets $3,489,187 $3,243,221