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

  2019-20 2018-19 % Change
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

Source: Financial Accounting and Reporting