| OPERATING REVENUES |
|
|
|
| Tuition and fees |
$806,275,024 |
$786,236,725 |
2.5 |
| Less: scholarship allowances |
($273,733,791) |
($269,470,952) |
1.6 |
| Tuition and fees, net |
$532,541,233 |
$516,765,773 |
3.1 |
| Federal grants and contracts |
$54,497,395 |
$44,549,124 |
22.3 |
| State grants and contracts |
$31,209,610 |
$31,215,296 |
0.0 |
| Local grants and contracts |
$942,937 |
$991,806 |
(4.9) |
| Private grants and contracts |
$6,838,737 |
$5,589,320 |
22.4 |
| Sales and services of educational activities |
$12,167,759 |
$12,644,047 |
(3.8) |
| Auxiliary sales and services |
$201,829,933 |
$200,256,134 |
0.8 |
| Other operating revenues |
$66,807,573 |
$63,073,638 |
5.9 |
| Total operating revenues |
$906,835,177 |
$875,085,138 |
3.6 |
| OPERATING EXPENSES |
|
|
|
| Salaries, wages, and benefits |
$728,517,509 |
$699,755,982 |
4.1 |
| Supplies and other services |
$275,323,598 |
$262,939,882 |
4.7 |
| Depreciation |
$78,865,931 |
$75,485,224 |
4.5 |
| Scholarships and fellowships |
$26,259,220 |
$23,685,641 |
10.9 |
| Total operating expenses |
1,108,966,258 |
1,061,866,729 |
4.4 |
| Operating loss |
($202,131,081) |
($186,781,591) |
8.2 |
| NONOPERATING REVENUES (EXPENSES) |
|
|
|
| State educational appropriations |
$169,733,687 |
$156,742,802 |
8.3 |
| Gifts |
$29,440,777 |
$48,858,002 |
(39.7) |
| Grants |
$32,849,900 |
$33,197,108 |
(1.0) |
| Investment (loss) income, net |
$12,791,392 |
$90,064,841 |
(85.8) |
| Interest expense |
($37,195,807) |
($41,124,252) |
(9.6) |
| Other nonoperating expenses, net |
($2,383,758) |
($1,603,514) |
48.7 |
| Net nonoperating revenues |
$205,236,191 |
$286,134,987 |
(28.3) |
| Income before changes in net position |
$3,105,110 |
$99,353,396 |
(96.9) |
| OTHER CHANGES IN NET POSITION |
|
|
|
| Capital gifts and grants |
$33,713,554 |
$65,669,021 |
(48.7) |
| Additions to permanent endowments |
$19,730,916 |
$24,899,225 |
(20.8) |
| Intragovernmental transfers |
($1,018,137) |
($1,140,054) |
(10.7) |
| Net nonoperating revenues |
$52,426,333 |
$89,428,192 |
(41.4) |
| Increase in net position |
$55,531,443 |
$188,781,588 |
(70.6) |
| Net position, beginning of year |
2,101,105,820 |
2,135,101,272 |
(1.6) |
| Adoption of GASB 75 adjustment |
|
($222,777,040) |
(100.0) |
| Net position, beginning of year, as restated, as of October 1, 2017 |
2,101,105,820 |
1,912,324,232 |
9.9 |
| NET POSITION, END OF YEAR |
2,156,637,263 |
2,101,105,820 |
2.6 |
