Balance Sheet Highlights
- Total net assets reflect very little change at $2.65 billion.
- Long-term investments increased $40 million to $1.8 billion. The total market value of the endowment at year end was $1.6 billion, reflecting a return of 2.76% and endowment use.
- Property, Plant and Equipment increased $108 million to $1.6 billion.
- Unrestricted net assets decreased by $73 million.
- Long-term debt increased from $746 million to $874 million due to principal payments. Subsequent to year end, the University issued $161.7 million of tax-exempt bonds.
Consolidated Balance Sheets as of June 30, 2012 and 2011
|($ in thousands)||2012||2011|
|Cash and cash equivalents||$ 326,227||$ 285,203|
|Operating investments, at market||209,016||209,393|
|Collateral held for securities lending||-||69,282|
|Accounts receivable, net||325,773||292,169|
|Inventories, prepaid expenses and deferred charges||52,816||48,957|
|Contributions receivable, net||90,927||51,556|
|Notes receivable, net||48,163||19,566 |
|Investments held for long-term purposes||1,822,954||1,783,356|
|Property, plant and equipment, net||1,561,957||1,453,775|
|Interest in net assets of foundation||12,330||13,743|
|Investments in perpetual trusts held by others||46,877||49,780|
|Total Assets||$4,509,160||$4,320,756 |
|Liabilities and Net Assets|| |
| Accounts payable and accrued expenses||$ 388,337|| 305,494|
| Advance receipt of sponsored research revenues||23,472||25,618|
| Deferred revenue||50,775||52,069|
| Third-party settlements payable, net||100,989||96,386|
| Securities lending liabilities||-||69,282|
| Accrued pension, post-retirement, post-employment obligations||386,472||308,073|
| Long-term debt||874,209||745,913|
| Asset retirement obligation||19,016||18,057|
| Refundable U.S. Government grants for student loans||16,223||16,004|
|Total Liabilities||1,859,493||1,636,896 |
| || || |
|Net assets:|| || |
| Unrestricted||1,745,673||1,818,709 |
| Temporarily restricted||509,533||506,216|
| Permanently restricted||394,461||358,935 |
|Total Net Assets||2,649,667||2,683,860|
| Total Liabilities and Net Assets||$ 4,509,160||$ 4,320,756|
Page updated 08/30/2013
Maintained by University Communications. Problems with this site? Please contact our webmaster.