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

  2012-13 2011-12 % Change
Assets      
Current Assets      
Unrestricted cash and cash equivalents $95,442,097 $11,339,405 741.7
Restricted cash and cash equivalents $10,185,725 $49,577,964 (79.5)
Short-term investments $224,328,503 $273,564,466 (18.0)
Accounts receivable, net $94,558,012 $104,714,972 (9.7)
Current portion of notes receivable $4,277,022 $5,836,749 (26.7)
Current portion of student loans receivable $1,899,015 $1,847,783 2.8
Current portion of pledges receivable $9,798,492 $9,382,609 4.4
Inventories $6,318,476 $6,384,239 (1.0)
Prepaid and deferred expenses $64,139,151 $56,006,517 14.5
Other current assets $1,375,388 $1,328,903 3.5
Total current assets $512,321,881 $519,983,607 (1.5)
Non-current assets      
Restricted cash and cash equivalents $23,921,067 $2,288,062 945.5
Endowment, and life income investments $617,611,309 $673,605,620 (8.3)
Investments for capital activities $240,718,002 $182,950,944 31.6
Other long-term investments $169,636,373 $165,253,733 2.7
Notes receivable, net $74,198,637 $59,596,475 24.5
Student loans receivable, net $8,983,590 $9,118,287 (1.5)
Pledges receivable, net $13,851,323 $22,010,715 (37.1)
Capital assets, net $1,539,631,730 $1,290,466,310 19.3
Other noncurrent assets $9,132,603 $8,529,434 7.1
Total noncurrent assets $2,697,684,634 $2,413,819,580 11.8
Total assets $3,210,006,515 $2,933,803,187 9.4
Deferred outflows of resources   $2,015,721 (100.0)
Total assets and deferred outflows of resources $3,210,006,515 $2,935,818,908 9.3
Liabilities and net assets      
Current liabilities      
Accounts payable and accrued liabilities $135,967,883 $120,294,499 13.0
Current portion of deferred revenue $222,758,317 $206,717,811 7.8
Deposits $43,473,241 $66,741,838 (34.9)
Current portion of long-term debt $22,042,947 $19,621,650 12.3
Total current liabilities $424,242,388 $413,375,798 2.6
Noncurrent liabilities      
Federal refundabale loans $8,036,873 $8,045,094 (0.1)
Other liabilities $5,270,702 $5,245,737 0.5
Deferred revenue $8,382,716 $11,728,826 (28.5)
Long-term debt, net $798,426,049 $651,722,702 22.5
Total noncurrent liabilities $820,116,340 $676,742,359 21.2
Total liabilities $1,244,358,728 $1,090,118,157 14.1
Net assets      
Invested in capital assets, net of related debt $817,415,403 $667,869,001 22.4
Restricted      
Nonexpendable $352,224,161 $333,221,880 5.7
Expendable $330,619,227 $313,223,393 5.6
Unrestricted $478,672,387 $531,386,477 (9.9)
Total net assets $1,978,931,178 $1,845,700,751 7.2
Total liabilities and net assets $3,223,289,906 $2,935,818,908 9.8

Source: Financial Accounting and Reporting