University of Rochester

2008-09 Financial Statement Highlights

Balance Sheet


bar chart: Total Net Assets

Consolidated Balance Sheets as of June 30, 2009 and 2008

($ in thousands) 2009 2008
 
Assets  
 
Cash and cash equivalents  $   135,447 $188,264
Operating investments, at market       182,153 178,251
Collateral held for securities lending         62,062 103,656
Accounts receivable, net       280,708 264,513
Inventories, prepaid expenses and deferred charges         47,794 53,968
Contributions receivable, net         57,004 45,119
Notes receivable, net         19,566 19,561
Other assets         12,044 12,740
Investments held for long-term purposes     1,393,771 1,881,683
Property, plant and equipment, net     1,349,270 1,315,340
Interest in net assets of foundation         11,653 16,859
Investments in perpetual trusts held by others         40,691 51,324
 
Total Assets $3,592,163 $4,131,278
 
Liabilities and Net Assets  
 
Liabilities:  
   Accounts payable and accrued expenses  $   259,230 $283,092
   Advance receipt of sponsored research revenues         30,454 30,811
   Deferred revenue         51,306 53,100
   Third-party settlements payable, net         62,181 54,022
   Securities lending liabilities         63,390 103,656
   Accrued pension, postretirement, postemployment obligations       237,320 191,205
   Long-term debt       643,734 682,974
   Asset retirement obligation         17,326 16,999
   Refundable U.S. Government grants for student loans         15,984 15,870
     
Total Liabilities $ 1,380,925 1,431,729
     
Net assets:    
   Unrestricted    1,724,361 2,159,147
   Temporarily restricted       178,666 242,367
   Permanently restricted       308,211 298,035
 
Total Net Assets 2,211,238 2,699,549
Total Liabilities and Net Assets $ 3,592,163 $4,131,278