Back    Next
Table 6-2
Consolidated Balance Sheets (In thousands $)
June 30, 2020 and 2019

 
Assets   2020 2019
 
Cash and cash equivalents $ 56,088 41,022
Student receivables, net of allowance for doubtful accounts of $15,208 and $14,326 in 2020 and 2019, respectively   22,088 20,305
Other receivables, net of allowance for doubtful accounts of $343 and $68 in 2020 and 2019, respectively   8,236 64,890
Prepaid and other assets   13,359 11,574
Contributions receivable, net of allowance for uncollectible pledges of $3,125 and $2,210 in 2020 and 2019, respectively   26,879 10,955
Government receivables for student grants and loans   8,414 10,026
Beneficial interest in charitable term trust   17,627 17,442
Investments   817,113 724,866
Right of use assets - operating, net of accumulated amortization   85,180 94,323
Right of use assets - finance, net of accumulated amortization   5,615 5,552
Land, buildings, and equipment, net of accumulated depreciation   653,274 659,929
Intangible asset, net of accumulated amortization   43,835 44,768
  Total assets $ 1,757,708 1,705,652
 
Liabilities and Net Assets   2020 2019
Liabilities:
Accounts payable and accrued expenses $ 47,879 66,795
  Deferred tuition revenue   33,687 31,787
Deposits and deferred revenue 21,374 24,494
Lease obligations - operating 56,816 65,053
Lease obligations - finance 1,680 1,513
Bonds and notes payable, net of debt issuance costs 319,194 309,936
Government advances for student loans 8,971 10,734
Accrued postretirement benefits obligation 63,889 58,464
    Total liabilities $ 553,490 568,776
Net assets:
Net assets without donor restrictions 1,093,874 1,043,078
Net assets with donor restrictions 110,344 93,798
    Total net assets $ 1,204,218 1,136,876
 
Total liabilities and net assets $ 1,757,708 1,705,652
 
Source:  University Financial Statements. IRMA 2020
Back to top