OPERATING REVENUES |
|
|
|
Tuition and fees |
$801,068,732 |
$806,275,024 |
(0.6) |
Less: scholarship allowances |
($275,547,610) |
($273,733,791) |
0.7 |
Tuition and fees, net |
$525,521,122 |
$532,541,233 |
(1.3) |
Federal grants and contracts |
$61,180,497 |
$54,497,395 |
12.3 |
State grants and contracts |
$31,189,670 |
$31,209,610 |
(0.1) |
Local grants and contracts |
$1,200,281 |
$942,937 |
27.3 |
Private grants and contracts |
$4,587,580 |
$6,838,737 |
(32.9) |
Sales and services of educational activities |
$9,866,923 |
$12,167,759 |
(18.9) |
Auxiliary sales and services |
$158,930,066 |
$201,829,933 |
(21.3) |
Other operating revenues |
$78,176,763 |
$66,807,573 |
17.0 |
Total operating revenues |
$870,652,902 |
$906,835,177 |
(4.0) |
OPERATING EXPENSES |
|
|
|
Salaries, wages, and benefits |
$711,111,598 |
$728,517,509 |
(2.4) |
Supplies and other services |
$205,449,757 |
$275,323,598 |
(25.4) |
Depreciation |
$81,695,869 |
$78,865,931 |
3.6 |
Scholarships and fellowships |
$35,435,733 |
$26,259,220 |
34.9 |
Total operating expenses |
1,033,692,957 |
1,108,966,258 |
(6.8) |
Operating loss |
($163,040,055) |
($202,131,081) |
(19.3) |
NONOPERATING REVENUES (EXPENSES) |
|
|
|
State educational appropriations |
$182,797,957 |
$169,733,687 |
7.7 |
Gifts |
$54,380,178 |
$29,440,777 |
84.7 |
Grants |
$51,528,484 |
$32,849,900 |
56.9 |
Investment (loss) income, net |
($10,630,633) |
$12,791,392 |
(183.1) |
Interest expense |
($39,045,098) |
($37,195,807) |
5.0 |
Other nonoperating expenses, net |
($5,661,671) |
($2,383,758) |
137.5 |
Net nonoperating revenues |
$233,369,217 |
$205,236,191 |
13.7 |
Income before changes in net position |
$70,329,162 |
$3,105,110 |
2,164.9 |
OTHER CHANGES IN NET POSITION |
|
|
|
State capital appropriations |
|
|
|
Capital gifts and grants |
$75,191,053 |
$33,713,554 |
123.0 |
Additions to permanent endowments |
$26,868,269 |
$19,730,916 |
36.2 |
Intragovernmental transfers |
($5,657,600) |
($1,018,137) |
455.7 |
Net nonoperating revenues |
$96,401,722 |
$52,426,333 |
83.9 |
Increase in net position |
$166,730,884 |
$55,531,443 |
200.2 |
Net position, beginning of year |
2,156,637,263 |
2,101,105,820 |
2.6 |
Adoption of GASB 75 adjustment |
|
|
|
Net position, beginning of year, as restated, as of October 1, 2017 |
2,156,637,263 |
2,101,105,820 |
2.6 |
NET POSITION, END OF YEAR |
2,323,368,147 |
2,156,637,263 |
7.7 |