| OPERATING REVENUES |
|
|
|
| Tuition and fees |
$786,236,725 |
$719,840,321 |
9.2 |
| Less: scholarship allowances |
($269,470,952) |
($237,079,280) |
13.7 |
| Tuition and fees, net |
$516,765,773 |
$482,761,041 |
7.0 |
| Federal grants and contracts |
$44,549,124 |
$40,416,650 |
10.2 |
| State grants and contracts |
$31,215,296 |
$31,261,415 |
(0.1) |
| Local grants and contracts |
$991,806 |
$1,016,793 |
(2.5) |
| Private grants and contracts |
$5,589,320 |
$3,836,612 |
45.7 |
| Sales and services of educational activities |
$12,644,047 |
$12,776,616 |
(1.0) |
| Auxiliary sales and services |
$200,256,134 |
$202,333,172 |
(1.0) |
| Other operating revenues |
$63,073,638 |
$59,247,356 |
6.5 |
| Total operating revenues |
$875,085,138 |
$833,649,655 |
5.0 |
| OPERATING EXPENSES |
|
|
|
| Salaries, wages, and benefits |
$699,755,982 |
$666,320,083 |
5.0 |
| Supplies and other services |
$262,939,882 |
$253,651,612 |
3.7 |
| Depreciation |
$75,485,224 |
$72,374,750 |
4.3 |
| Scholarships and fellowships |
$23,685,641 |
$24,573,373 |
(3.6) |
| Total operating expenses |
1,061,866,729 |
1,016,919,818 |
4.4 |
| Operating loss |
($186,781,591) |
($183,270,163) |
1.9 |
| NONOPERATING REVENUES (EXPENSES) |
|
|
|
| State educational appropriations |
$156,742,802 |
$154,836,324 |
1.2 |
| Gifts |
$48,858,002 |
$56,126,778 |
(13.0) |
| Grants |
$33,197,108 |
$31,599,501 |
5.1 |
| Investment (loss) income, net |
$90,064,841 |
$159,687,169 |
(43.6) |
| Interest expense |
($41,124,252) |
($37,735,938) |
9.0 |
| Other nonoperating expenses, net |
($1,603,514) |
($1,636,955) |
(2.0) |
| Net nonoperating revenues |
$286,134,987 |
$362,876,879 |
(21.1) |
| Income before changes in net position |
$99,353,396 |
$179,606,716 |
(44.7) |
| OTHER CHANGES IN NET POSITION |
|
|
|
| State capital appropriations |
|
|
|
| Capital gifts and grants |
$65,669,021 |
$18,696,113 |
251.2 |
| Additions to permanent endowments |
$24,899,225 |
$23,675,029 |
5.2 |
| Intragovernmental transfers |
($1,140,054) |
$2,341,871 |
(148.7) |
| Net nonoperating revenues |
$89,428,192 |
$44,713,013 |
100.0 |
| Increase in net position |
$188,781,588 |
$224,319,729 |
(15.8) |
| Net position, beginning of year |
2,135,101,272 |
1,910,781,543 |
11.7 |
| Adoption of GASB 75 adjustment |
($222,777,040) |
|
|
| Net position, beginning of year, as restated, as of October 1, 2017 |
1,912,324,232 |
1,910,781,543 |
0.1 |
| NET POSITION, END OF YEAR |
2,101,105,820 |
2,135,101,272 |
(1.6) |
