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

  2013-14 2012-13 % Change
ASSETS      
CURRENT ASSETS      
Unrestricted cash and cash equivalents $118,389,672 $95,442,097 24.0
Restricted cash and cash equivalents $2,709,928 $10,185,725 (73.4)
Short-term investments $214,516,288 $224,328,503 (4.4)
Accounts receivable, net $102,155,637 $94,558,012 8.0
Current portion of notes receivable $2,752,636 $4,277,022 (35.6)
Current portion of student loans receivable $1,956,516 $1,899,015 3.0
Current portion of pledges receivable $10,535,857 $9,798,492 7.5
Inventories $7,623,215 $6,318,476 20.6
Prepaid and deferred expenses $72,749,393 $64,139,151 13.4
Other current assets $1,358,644 $1,375,388 (1.2)
Total current assets $534,747,786 $512,321,881 4.4
NON-CURRENT ASSETS      
Restricted cash and cash equivalents $5,277,770 $23,921,067 (77.9)
Endowment, and life income investments $667,980,131 $617,611,309 8.2
Investments for capital activities $320,393,929 $240,718,002 33.1
Other long-term investments $166,759,779 $169,636,373 (1.7)
Notes receivable, net $111,282,107 $74,198,637 50.0
Student loans receivable, net $9,053,703 $8,983,590 0.8
Pledges receivable, net $15,773,444 $13,851,323 13.9
Capital assets, net $1,655,111,628 $1,539,631,730 7.5
Other noncurrent assets $8,935,917 $9,132,603 (2.2)
Total noncurrent assets $2,960,568,408 $2,697,684,634 9.7
Total assets $3,495,316,194 $3,210,006,515 8.9
DEFERRED OUTFLOWS OF RESOURCES $15,285,207    
Total assets and deferred outflows of resources $3,510,601,401 $3,210,006,515 9.4
LIABILITIES AND NET ASSETS      
CURRENT LIABILITIES      
Accounts payable and accrued liabilities $134,590,998 $135,967,883 (1.0)
Current portion of deferred revenue $240,432,573 $222,758,317 7.9
Deposits $30,295,768 $43,473,241 (30.3)
Current portion of long-term debt $22,047,751 $22,042,947 0.0
Total current liabilities $427,367,090 $424,242,388 0.7
NONCURRENT LIABILITIES      
Federal refundabale loans $8,019,604 $8,036,873 (0.2)
Other liabilities $5,604,264 $5,270,702 6.3
Deferred revenue $9,384,375 $8,382,716 11.9
Long-term debt, net $928,084,715 $798,426,049 16.2
Total noncurrent liabilities $951,092,958 $820,116,340 16.0
Total liabilities $1,378,460,048 $1,244,358,728 10.8
NET ASSETS      
Invested in capital assets, net of related debt $862,965,092 $817,415,403 5.6
Restricted      
Nonexpendable $368,301,686 $352,224,161 4.6
Expendable $344,919,026 $330,619,227 4.3
Unrestricted $555,955,549 $478,672,387 16.1
Total net assets $2,132,141,353 $1,978,931,178 7.7
Total liabilities and net assets $3,510,601,401 $3,223,289,906 8.9

Source: Financial Accounting and Reporting