Pepperdine University
Consolidated Statements of Financial Position
at July 31, 2004 and 2003
(in thousands)
| Assets | 2004 | 2003 |
|---|---|---|
| Cash and cash equivalents | $8,193 | $11,378 |
| Student receivables, less allowance for doubtful accounts of $1,044 and $1,182, respectively |
4,350 | 4,070 |
| Other accounts receivable | 2,940 | 2,558 |
| Student loans, less allowance for loan losses of $2,132 and $2,887, respectively |
29,549 | 25,182 |
| Contributions receivable, net | 18,243 | 18,324 |
| Prepaid expenses, inventories, and other assets | 6,834 | 6,487 |
| Investments | 577,412 | 570,844 |
| Assets held as trustee or agent | 87,113 | 81,260 |
| Property, facilities and equipment, net | 314,565 | 293,078 |
| Total assets | $1,049,199 | $1,013,181 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| Accounts payable and accrued liabilities | $26,502 | $32,332 |
| Accrued salaries and wages | 3,680 | 4,604 |
| Student deposits, advance payments, and deferred revenue | 6,563 | 5,559 |
| U.S. government funded student loans | 14,600 | 14,273 |
| Trust and agency obligations | 61,682 | 57,173 |
| Long term obligations | 205,788 | 208,715 |
| Total liabilities | 318,815 | 322,656 |
| Net Assets: | ||
| Unrestricted | 542,226 | 508,883 |
| Temporarily restricted | 60,597 | 58,039 |
| Permanently restricted | 127,561 | 123,603 |
| Total net assets | 730,384 | 690,525 |
| Total liabilities and net assets | $1,049,199 | $1,013,181 |