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

  2016-17 2015-16 % Change
OPERATING REVENUES      
Tuition and fees $719,840,321 $692,223,046 4.0
Less: scholarship allowances ($237,079,280) ($215,490,955) 10.0
Tuition and fees, net $482,761,041 $476,732,091 1.3
Federal grants and contracts $40,416,650 $41,906,976 (3.6)
State grants and contracts $31,261,415 $31,590,157 (1.0)
Local grants and contracts $1,016,793 $759,374 33.9
Private grants and contracts $3,836,612 $5,174,452 (25.9)
Sales and services of educational activities $12,776,616 $12,619,542 1.2
Auxiliary sales and services $202,333,172 $193,964,754 4.3
Other operating revenues $59,247,356 $55,784,465 6.2
Total operating revenues $833,649,655 $818,531,811 1.8
OPERATING EXPENSES      
Salaries, wages, and benefits $666,320,083 $612,470,213 8.8
Supplies and other services $253,651,612 $248,660,589 2.0
Depreciation $72,374,750 $67,410,991 7.4
Scholarships and fellowships $24,573,373 $20,371,163 20.6
Total operating expenses 1,016,919,818 $948,912,956 7.2
Operating loss ($183,270,163) ($130,381,145) 40.6
NONOPERATING REVENUES (EXPENSES)      
State educational appropriations $154,836,324 $148,441,872 4.3
Gifts $56,126,778 $52,203,061 7.5
Grants $31,599,501 $31,062,427 1.7
Investment (loss) income, net $159,687,169 $54,741,992 191.7
Interest expense ($37,735,938) ($38,625,161) (2.3)
Other nonoperating expenses, net ($1,636,955) ($9,075,890) (82.0)
Net nonoperating revenues $362,876,879 $238,748,301 52.0
Income before changes in net position $179,606,716 $108,367,156 65.7
OTHER CHANGES IN NET POSITION      
State capital appropriations   $1,365 (100.0)
Capital gifts and grants $18,696,113 $18,564,096 0.7
Additions to permanent endowments $23,675,029 $18,894,440 25.3
Intragovernmental transfers $2,341,871 ($4,422,251) (153.0)
Increase in net position $224,319,729 $141,404,806 58.6
Net position, beginning of year 1,910,781,543 1,769,376,737 8.0
NET POSITION, END OF YEAR 2,135,101,272 1,910,781,543 11.7

Source: Financial Accounting and Reporting