Back    Next
Table 6-2
Consolidated Balance Sheets (In thousands $)
June 30, 2019 and 2018

 
Assets   2019 2018
 
Cash and cash equivalents $ 41,022 59,598
Student receivables, net of allowance for doubtful accounts of $14,326 and $14,028 in 2019 and 2018, respectively   20,305 19,299
Other receivables, net of allowance for doubtful accounts of $68 and $60 in 2019 and 2018, respectively   64,890 5,166
Prepaid and other assets   11,574 11,740
Contributions receivable, net of allowance for uncollectible pledges of $2,210 and $1,852 in 2019 and 2018, respectively   10,955 11,706
Government receivables for student grants and loans   10,026 11,757
Deposit for facility construction   -    8,621
Beneficial interest in charitable term trust   17,442 17,664
Investments   724,866 722,542
Right of use assets - operating, net of accumulated amortization   94,323 -   
Right of use assets - finance, net of accumulated amortization   5,552 -   
Land, buildings, and equipment, net of accumulated depreciation   659,929 821,956
Intangible asset, net of accumulated amortization   44,768 -   
  Total assets $ 1,705,652 1,690,049
 
Liabilities and Net Assets   2019 2018
Liabilities:
Accounts payable and accrued expenses $ 66,795 56,807
  Deferred tuition revenue   31,787 31,975
Deposits and deferred revenue 24,494 29,222
Lease obligations - operating 65,053 -   
Lease obligations - finance 1,513 -   
Other financing obligation -    82,257
Bonds and notes payable, net of debt issuance costs 309,936 330,610
Government advances for student loans 10,734 10,559
Accrued postretirement benefits obligation 58,464 58,718
    Total liabilities $ 568,776 600,148
Net assets:
Net assets without donor restrictions 1,043,078 1,000,221
Net assets with donor restrictions 93,798 89,680
    Total net assets $ 1,136,876 1,089,901
 
Total liabilities and net assets $ 1,705,652 1,690,049
 
Source:  University Financial Statements. IRMA 2019
Back to top