The University of Alabama
Statement of Revenues, Expenses, and Changes in Net Assets
Fiscal Year Ending September 30

  2011-12 2010-11 % Change
Operating revenues      
Tuition and fees $454,187,595 $378,045,840 20.1
Less: scholarship allowances ($105,643,511) ($89,512,958) 18.0
Tuition and fees, net $348,544,084 $288,532,882 20.8
Federal grants and contracts $48,050,820 $48,829,717 (1.6)
State grants and contracts $23,642,389 $21,552,559 9.7
Local grants and contracts $518,818 $268,978 92.9
Private grants and contracts $2,405,135 $9,857,369 (75.6)
Sales and services of educational activities $11,643,489 $11,836,707 (1.6)
Auxiliary sales and services $140,948,823 $122,446,271 15.1
Other operating revenues $44,505,964 $42,297,178 5.2
Total operating revenues $620,259,522 $545,621,661 13.7
Operating expenses      
Salaries, wages, and benefits $485,618,389 $466,596,025 4.1
Scholarships and fellowships $19,454,077 $10,323,158 88.5
Supplies and other services $202,361,216 $196,249,994 3.1
Depreciation $48,510,924 $47,903,943 1.3
Total operating expenses $755,944,606 $721,073,120 4.8
Operating loss ($135,685,084) ($175,451,459) (22.7)
Nonoperating revenues (expenses)      
State appropriations $145,951,239 $137,427,195 6.2
State fiscal stabilization funds   $14,699,372 (100.0)
Gifts $50,354,337 $53,594,605 (6.0)
Grants $31,128,382 $30,492,746 2.1
Investment (loss) income, net $94,052,944 $1,125,350 8,257.7
Interest expense ($34,153,468) ($35,340,619) (3.4)
Other nonoperating revenues (expenses), net $1,971,520 ($1,812,839) (208.8)
Net nonoperating revenues $289,304,954 $200,185,810 44.5
Income before changes in net assets $153,619,870 $24,734,351 521.1
Other changes in net assets      
Capital appropriations $1,040,837 $20,257,391 (94.9)
Capital gifts and grants $52,078,458 $26,900,828 93.6
Additions to permanent endowments $18,209,743 $16,623,409 9.5
Intergovernmental transfers $7,414,988 ($7,387,876) (200.4)
Increase in net assets $232,363,896 $81,128,103 186.4
Net assets, beginning of year 1,617,054,578 1,535,926,475 5.3
Net assets, end of year 1,849,418,474 1,617,054,578 14.4

Source: Financial Accounting and Reporting