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

  2015-16 2014-15 % Change
ASSETS      
CURRENT ASSETS      
Unrestricted cash and cash equivalents $46,623,061 $59,994,443 (22.3)
Restricted cash and cash equivalents $11,885,061 $10,534,443 12.8
Unrestricted Short-term investments $173,661,880 $212,618,731 (18.3)
Restricted short-term investments $120,854,988 $77,146,113 56.7
Accounts receivable, net $86,442,994 $99,255,867 (12.9)
Current portion of notes receivable $3,090,073 $2,701,798 14.4
Current portion of student loans receivable $2,017,156 $2,011,646 0.3
Current portion of pledges receivable $5,980,201 $9,345,092 (36.0)
Inventories $8,116,943 $7,407,491 9.6
Prepaid expenses and unearned scholarships $89,343,468 $82,420,743 8.4
Other current assets $1,043,890 $1,247,522 (16.3)
Total current assets $549,059,715 $564,683,889 (2.8)
NON-CURRENT ASSETS      
Restricted cash and cash equivalents $2,605,325 $2,511,329 3.7
Endowment, and life income investments $683,226,537 $672,370,896 1.6
Investments for capital activities $266,214,793 $180,881,529 47.2
Other long-term investments $300,014,009 $337,449,285 (11.1)
Notes receivable, net $149,602,153 $124,190,244 20.5
Student loans receivable, net $9,334,314 $9,077,914 2.8
Pledges receivable, net $14,479,193 $15,140,723 (4.4)
Capital assets, net $1,904,412,183 $1,811,315,270 5.1
Other noncurrent assets $9,654,766 $8,201,430 17.7
Total noncurrent assets $3,339,543,273 $3,161,138,620 5.6
Total assets $3,888,602,988 $3,725,822,509 4.4
DEFERRED OUTFLOWS OF RESOURCES      
Bond deferred refunding $13,657,223 $14,471,215 (5.6)
TRS employer contributions $43,303,201 $39,092,939 10.8
Pension related $69,280,000 $12,940,000 435.4
Total deferred outflows of resources $126,240,424 $66,504,154 89.8
Total assets and deferred outflows of resources $4,014,843,412 $3,792,326,663 5.9
LIABILITIES AND NET POSITION      
CURRENT LIABILITIES      
Accounts payable and accrued liabilities $130,161,415 $139,126,040 (6.4)
Current portion of unearned revenue $267,883,095 $261,790,575 2.3
Deposits $156,694,155 $114,491,781 36.9
Current portion of long-term debt $24,936,126 $24,085,947 3.5
Total current liabilities $579,674,791 $539,494,343 7.4
NONCURRENT LIABILITIES      
Federal refundabale loans $8,927,863 $8,191,477 9.0
Other liabilities $5,781,756 $6,163,123 (6.2)
Net pension liability $572,814,000 $472,075,000 21.3
Unearned revenue $7,675,248 $9,422,669 (18.5)
Long-term debt, net $926,085,211 $952,208,314 (2.7)
Total noncurrent liabilities $1,521,284,078 $1,448,060,583 5.1
Total liabilities $2,100,958,869 $1,987,554,926 5.7
DEFFERED INFLOWS OF RESOURCES $3,103,000 $35,395,000 (91.2)
NET POSITION      
Invested in capital assets $1,002,586,271 $927,823,421 8.1
Restricted      
Nonexpendable $399,742,094 $382,130,652 4.6
Expendable $318,828,906 $328,475,754 (2.9)
Unrestricted $189,624,272 $130,946,910 44.8
Total net position $1,910,781,543 $1,769,376,737 8.0
Total liabilities, deferred inflows of resources and net position $4,014,843,412 $3,792,326,663 5.9

Source: Financial Accounting and Reporting