Consolidated Statements of Financial Position
(In Thousands)
| AS OF JUNE 30 | ||
|---|---|---|
| 2013 | 2012 | |
| Assets | ||
| Cash and cash equivalents | $148,564 | $88,557 |
| Accounts receivable, net (Note 2) | 28,094 | 24,895 |
| Deferred charges and other assets (Note 3) | 49,472 | 42,245 |
| Contributions receivable, net (Note 4) | 197,703 | 191,725 |
| Notes receivable, net (Note 5) | 46,007 | 60,087 |
| Investments (Note 6) | 8,509,334 | 7,632,623 |
| Land, buildings and equipment, net of accumulated depreciation (Note 7) | 1,350,192 | 1,290,423 |
| Total assets | $10,329,366 | $9,330,555 |
| Liabilities | ||
| Accounts payable (Note 7) | $43,324 | $29,599 |
| Short-term borrowing (Note 8) | 108,000 | 115,051 |
| Deferred revenue and refundable advances (Note 9) | 76,125 | 75,213 |
| Deposits and other liabilities (Note 10) | 98,907 | 108,859 |
| Liabilities associated with investments (Note 6) | 623,273 | 393,718 |
| Obligations under split-interest agreements (Note 17) | 107,779 | 76,732 |
| Bonds and notes payable (Note 11) | 821,920 | 825,173 |
| Conditional asset retirement obligations (Note 7) | 23,443 | 22,481 |
| Pension and other postretirement benefit obligations (Note 13) | 100,935 | 123,122 |
| Government advances for student loans (Note 5) | 29,525 | 29,186 |
| Total liabilities | 2,033,231 | 1,799,134 |
| Net Assets | ||
| Unrestricted: | ||
| Funds functioning as endowment (Note 16) | 2,692,444 | 2,499,911 |
| Invested in land, buildings and equipment | 900,308 | 844,643 |
| Other unrestricted net assets/(deficit) | 117,782 | (16,308) |
| Total unrestricted | 3,710,534 | 3,328,246 |
| Temporarily restricted (Note 14) | 3,070,159 | 2,756,155 |
| Permanently restricted (Note 15) | 1,515,442 | 1,447,020 |
| Total net assets | 8,296,135 | 7,531,421 |
| Total liabilities and net assets | $10,329,366 | $9,330,555 |
See accompanying notes to consolidated financial statements.