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Table 6-2
Consolidated Balance Sheets (In thousands $)
June 30, 2021 and 2020

 
Assets   2021 2020
 
Cash and cash equivalents $ 34,411 56,088
Student receivables, net of allowance for doubtful accounts of $15,208 and $14,326 in 2021 and 2020, respectively   19,794 22,088
Other receivables, net of allowance for doubtful accounts of $343 and $68 in 2021 and 2020, respectively   9,683 8,236
Prepaid and other assets   9,701 13,359
Contributions receivable, net of allowance for uncollectible pledges of $3,125 and $2,210 in 2021 and 2020, respectively   18,075 26,879
Government receivables for student grants and loans   7,347 8,414
Beneficial interest in charitable term trust   43,826 17,627
Investments   1,053,850 817,113
Right of use assets - operating, net of accumulated amortization   75,625 85,180
Right of use assets - finance, net of accumulated amortization   5,391 5,615
Land, buildings, and equipment, net of accumulated depreciation   632,276 653,274
Intangible asset, net of accumulated amortization   42,903 43,835
  Total assets $ 1,952,882 1,757,708
 
Liabilities and Net Assets   2021 2020
Liabilities:
Accounts payable and accrued expenses $ 59,896 47,879
  Deferred tuition revenue   29,041 33,687
Deposits and deferred revenue 20,883 21,374
Lease obligations - operating 47,943 56,816
Lease obligations - finance 1,563 1,680
Bonds and notes payable, net of debt issuance costs 270,474 319,194
Government advances for student loans 7,497 8,971
Accrued postretirement benefits obligation 56,816 63,889
    Total liabilities $ 494,113 553,490
Net assets:
Net assets without donor restrictions 1,315,917 1,093,874
Net assets with donor restrictions 142,852 110,344
    Total net assets $ 1,458,769 1,204,218
 
Total liabilities and net assets $ 1,952,882 1,757,708
 
Source:  University Financial Statements. IRMA 2021
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