Institutional Research & Market Analytics
 

Back    Next
Table 6-3
Consolidated Statements of Activities
(In thousands $)
Years ended June 30, 2018 and 2017

 
  2018 2017
Unrestricted Temporary
restricted
Permanent
restricted
Total Unrestricted Temporary
restricted
Permanent
restricted
Total

Operating activities:
       Revenue:
 
  Tuition and fees, net of $223,851 and $205,498 in student aid in 2018 and 2017, respectively $ 474,316 —    —    $ 474,316 $ 476,626 —    —    $ 476,626
Government grants 10,254 —    —    10,254 10,485 —    —    10,485
Private gifts and grants 20,988 2,437 —    23,425 17,259 1,826 —    19,085
Investment income  884 —    —    884 324 —    —    324
Endowment investment return used in operations 12,281 —    —    12,281 11,302 —    —    11,302
Auxiliary revenue 55,578 —    —    55,578 51,234 —    —    51,234
Other 7,027 —    —    7,027 5,939 —    —    5,939
Net assets released from restriction 3,433 (3,433) —    —    2,937 (2,937) —    —   
    Total revenue 584,761 (996) —    583,765 576,106 (1,111) —    574,995

       Expenses: 
 
Salaries and benefits 342,522 —    —    342,522 345,705 —    —    345,705
General expenses 90,078 —    —    90,078 81,756     81,756
Occupancy 45,244 —    —    45,244 45,453 —    —    45,453
Depreciation 38,400 —    —    38,400 37,410 —    —    37,410
Printing, postage, and supplies 9,586 —    —    9,586 11,542 —    —    11,542
Interest 9,603 —    —    9,603 10,427 —    —    10,427
Library materials 5,516 —    —    5,516 5,122 —    —    5,122
Total expenses 540,949 —    —    540,949 537,415 —    —    537,415
     
Excess (deficiency) of operating revenue over expenses 43,812 (996) —    42,816 38,691 (1,111) —    37,580

       Nonoperating activities:
Net realized gain/investment income reinvested 35,015 10 138 35,163 (3,230) —    286 (2,944)
Change in accumulated net unrealized gain on investment (21,587) 170 —    (21,417) 39,269 2,269 —    41,538
Gain (loss) on disposal or sale of long-lived assets 745 —    —    745 (784) —    —    (784)
Private gifts and grants —    —    222 222 —    —    546 546
Capital gifts 230 (93) —    137 369 (399) —    (30)
Capital gifts released from restriction 2,859 (2,859) —    —    624 (624) —    —   
Change in value of charitable term trust —    —    114 114 —    —    (733) (733)
Loss on bond defeasance —    —    —    —    (28,357) —    —    (28,357)
Distributions from EAF 34,157 —    —    34,157 —    —    —    —   
Government capital grants 35 —    —    35 —    —    —    —   
Other components of net periodic postretirement benefit cost 1,283 —    —    1,283 (2,303) —    —    (2,303)
Change in postretirement benefit obligation other than net periodic benefit cost (3,469) —    —    (3,469) 22,485 —    —    22,485
Increase (decrease) in net assets from nonoperating activities 49,268 (2,772) 474 46,970 28,073 1,246 99 29,418
Increase (decrease) in net assets 93,080 (3,768) 474 89,786 66,764 135 99 66,998
       Net assets at beginning of year $ 907,070 $ 33,481 $ 59,564 $ 1,000,115 $ 840,306 $ 33,346 $ 59,465 $ 933,117
       Net assets at end of year $ 1,000,150 $ 29,713 $ 60,038 $ 1,089,901 $ 907,070 $ 33,481 $ 59,564 $ 1,000,115

Source:  University Financial Statements.

IRMA 2018
Back to top