University of Rochester

2007-08 Financial Statement Highlights

Balance Sheet


bar chart: Total Net Assets

Consolidated Balance Sheets as of June 30, 2008 and 2007

($ in thousands) 2008 2007
 
Assets  
 
Cash and cash equivalents $188,264 $180,827
Operating investments, at market 178,251 217,077
Collateral held for securities lending 103,656 19,863
Accounts receivable, net 264,513 251,784
Inventories, prepaid expenses and deferred charges 53,968 56,429
Contributions receivable, net 45,119 33,645
Notes receivable, net 19,561 18,556
Other assets 12,740 14,530
Investments held for long-term purposes 1,881,683 1,989,875
Property, plant and equipment, net 1,315,340 1,203,203
Interest in net assets of foundation 16,859 18,553
Investments in perpetual trusts held by others 51,324 57,823
 
Total Assets $4,131,278 $4,062,165
 
Liabilities and Net Assets  
 
Liabilities:  
   Accounts payable and accrued expenses $283,092 $231,698
   Advance receipt of sponsored research revenues 30,811 29,636
   Deferred revenue 53,100 50,757
   Third-party settlements payable, net 54,022 68,459
   Securities lending liabilities 103,656 19,863
   Accrued pension, postretirement, postemployment obligations 191,205 186,154
   Long-term debt 682,974 708,542
   Asset retirement obligation 16,999 17,349
   Refundable U.S. Government grants for student loans 15,870 15,818
     
Total Liabilities 1,431,729 1,328,276
     
Net assets:    
   Unrestricted 2,159,147 2,209,589
   Temporarily restricted 242,367 247,546
   Permanently restricted 298,035 276,754
 
Total Net Assets 2,699,549 2,733,889
Total Liabilities and Net Assets $4,131,278 $4,062,165