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Table 6-2
Consolidated Balance Sheets (In thousands $)
June 30, 2017 and 2016

 
Assets   2017 2016
 
Cash and cash equivalents $ 59,445 64,410
Student receivables, net of allowance for doubtful accounts of $12,861 and $12,014 in 2017 and 2016, respectively   19,677 19,173
Other receivables, net of allowance for doubtful accounts of $72 and $71 in 2017 and 2016, respectively   20,978 13,296
Investments   631,289 561,050
Prepaid and other assets   12,646 13,205
Contributions receivable, net of allowance for uncollectible pledges of $1,527 and $1,274 in 2017 and 2016, respectively   14,185 16,052
Government receivables for student grants and loans   11,741 12,059
Deposit for facility construction   31,044 82,500
Beneficial interest in charitable term trust   18,949 21,061
Bond funds held in trust for future capital projects   34,915 70,729
Land, buildings, and equipment, net of accumulated depreciation   769,658 656,299
  Total assets $ 1,624,527 1,529,834
 
Liabilities and Net Assets  
Liabilities:
Accounts payable and accrued expenses $ 56,277 46,952
  Deferred tuition revenue   31,752 31,775
Deposits and deferred revenue 30,745 32,773
Capital lease obligations -     40
Other financing obligation 82,500 48,760
Bonds and notes payable, net of debt issuance consts 353,277 344,523
Government advances for student loans 10,390 10,353
Accrued postretirement benefits 59,471 81,541
    Total liabilities $ 624,412 596,717
Net assets:
Unrestricted 907,070 840,306
Temporarily restricted  33,481 33,346
Permanently restricted 59,564 59,465
    Total net assets $ 1,000,115 933,117
 
Total liabilities and net assets $ 1,624,527 1,529,834
 
Source:  University Financial Statements. IRMA 2017
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