The University of Alabama
Statement of Net Assets: Fiscal Year Ending September 30

  2014-15 2013-14 % Change
ASSETS      
CURRENT ASSETS      
Unrestricted cash and cash equivalents $59,994,443 $118,389,672 (49.3)
Restricted cash and cash equivalents $10,534,443 $2,709,928 288.7
Unrestricted Short-term investments $212,618,731 $214,516,288 (0.9)
Restricted short-term investments $77,146,113    
Accounts receivable, net $99,255,867 $102,155,637 (2.8)
Current portion of notes receivable $2,701,798 $2,752,636 (1.8)
Current portion of student loans receivable $2,011,646 $1,956,516 2.8
Current portion of pledges receivable $9,345,092 $10,535,857 (11.3)
Inventories $7,407,491 $7,623,215 (2.8)
Prepaid expenses and unearned scholarships $82,420,743 $72,749,393 13.3
Other current assets $1,247,522 $1,358,644 (8.2)
Total current assets $564,683,889 $534,747,786 5.6
NON-CURRENT ASSETS      
Restricted cash and cash equivalents $2,511,329 $5,277,770 (52.4)
Endowment, and life income investments $658,672,567 $667,980,131 (1.4)
Investments for capital activities $180,887,624 $320,393,929 (43.5)
Other long-term investments $336,559,461 $166,759,779 101.8
Notes receivable, net $124,190,244 $111,282,107 11.6
Student loans receivable, net $9,077,914 $9,053,703 0.3
Pledges receivable, net $15,140,723 $15,773,444 (4.0)
Capital assets, net $1,811,315,270 $1,655,111,628 9.4
Other noncurrent assets $8,201,430 $8,935,917 (8.2)
Total noncurrent assets $3,146,556,562 $2,960,568,408 6.3
Total assets $3,711,240,451 $3,495,316,194 6.2
DEFERRED OUTFLOWS OF RESOURCES      
Bond deferred refunding $14,471,215 $15,285,207 (5.3)
TRS employer contributions $39,092,939    
Pension related $12,940,000    
Total deferred outflows of resources $66,504,154 $15,285,207 335.1
Total assets and deferred outflows of resources $3,777,744,605 $3,510,601,401 7.6
LIABILITIES AND NET POSITION      
CURRENT LIABILITIES      
Accounts payable and accrued liabilities $139,126,040 $134,590,998 3.4
Current portion of unearned revenue $261,790,575 $240,432,573 8.9
Deposits $114,491,781 $30,295,768 277.9
Current portion of long-term debt $24,085,947 $22,047,751 9.2
Total current liabilities $539,494,343 $427,367,090 26.2
NONCURRENT LIABILITIES      
Federal refundabale loans $8,191,477 $8,019,604 2.1
Other liabilities $6,163,123 $5,604,264 10.0
Net pension liability $472,075,000    
Unearned revenue $9,422,669 $9,384,375 0.4
Long-term debt, net $952,208,314 $928,084,715 2.6
Total noncurrent liabilities $1,448,060,583 $951,092,958 52.3
Total liabilities $1,987,554,926 $1,378,460,048 44.2
DEFFERED INFLOWS OF RESOURCES $35,395,000    
NET POSITION      
Invested in capital assets $927,823,421 $862,965,092 7.5
Restricted      
Nonexpendable $382,130,652 $368,301,686 3.8
Expendable $316,001,640 $344,919,026 (8.4)
Unrestricted $128,838,966 $555,955,549 (76.8)
Total net position $1,754,794,679 $2,132,141,353 (17.7)
Total liabilities, deferred inflows of resources and net position $3,777,744,605 $3,510,601,401 7.6

Source: Financial Accounting and Reporting