University of Rochester

Financial Statement Highlights

The Balance Sheet


bar chart: Total Net Assets

Consolidated Balance Sheets as of June 30, 2007 and 2006

($ in thousands) 2007 2006
 
Assets  
 
Cash and cash equivalents $200,690 $199,805
Operating investments, at market 217,077 147,793
Accounts receivable, net 251,784 231,258
Inventories, prepaid expenses and deferred charges 56,429 49,143
Contributions receivable, net 33,645 29,044
Notes receivable, net 18,556 18,583
Other assets 9,227 6,034
Investments held for long-term purposes 1,970,610 1,632,183
Market value of securities pledged 19,265
Property, plant and equipment, net 1,203,203 1,103,891
Interest in net assets of foundation 18,553 16,920
Investments in perpetual trusts held by others 57,823 54,533
 
Total Assets $4,056,862 $3,489,187
 
Liabilities and Net Assets  
 
Liabilities:  
   Accounts payable and accrued expenses $233,122 $205,734
   Advance receipt of sponsored research revenues 29,636 31,132
   Deferred revenue 50,757 48,700
   Third-party settlements payable, net 68,459 75,860
   Securities lending liabilities 19,863
   Accrued pension, postretirement, postemployment obligations 179,427 140,356
   Long-term debt 708,542 541,305
   Asset retirement obligation 17,349 16,763
   Refundable U.S. Government grants for student loans 15,818 15,719
     
Total Liabilities 1,322,973 1,075,569
     
Net assets:    
   Unrestricted 2,209,715 1,944,990
   Temporarily restricted 247,420 211,969
   Permanently restricted 276,754 256,659
 
Total Net Assets 2,733,889 2,413,618
Total Liabilities and Net Assets $4,056,862 $3,489,187