Financials

PEPPERDINE UNIVERSITY
Consolidated Statements of Financial Position
At July 31, 2011 and 2010 (in thousands)

2011 2010
ASSETS
Cash and cash equivalents $       50,172 $       54,479
Student receivables, less allowance for doubtful accounts of $1,374 and $1,418, respectively 1,838 2,997
Other accounts receivable 4,822 7,660
Student loans, less allowance for loan losses of $1,697 and $1,632, respectively 24,513 25,960
Contributions receivable, net 27,752 37,644
Prepaid expenses, inventories and other assets 5,459 5,905
Investments 779,682 691,075
Assets held as trustee or agent 121,656 111,185
Property, facilities and equipment, net 346,678 345,898
      Total assets $ 1,362,572 $ 1,282,803

LIABILITIES AND NET ASSETS
Liabilities:
   Accounts payable and accrued liabilities $       23,801 $       28,934
   Accrued salaries and wages 3,216 3,099
   Student deposits, advance payments and deferred revenue 8,613 9,916
   U.S. government-funded student loans 14,685 14,393
   Trust and agency obligations 72,198 70,771
   Long-term obligations 226,978 227,172
      Total liabilities 349,491 354,285
Net assets:
   Unrestricted 575,703 521,281
   Temporarily restricted 132,378 119,064
   Permanently restricted 305,000 288,173
      Total net assets 1,013,081 928,518
      Total liabilities and net assets $ 1,362,572 $ 1,282,803

 


Revenues Pie Graph Expenses Pie Graph

 

PEPPERDINE UNIVERSITY
Consolidated Statement of Financial Position
For the year ended July 31, 2011 (in thousands)

REVENUES
Unrestricted
Temporarily
Restricted
Permanently
Restricted

Total
Student tuition and fees $    264,767 - - $    264,767
   Less student aid (80,214) - - (80,214)
      Net student tuition and fees 184,553 - - 184,553
Room and board 31,821 - - 31,821
Private gifts and grants 13,622 5,519 8,644 27,785
Endowment support 31,377 197 263 31,837
Government grants 3,602 6 - 3,608
Sales and services 6,800 - - 6,800
Other revenue 3,953 956 409 5,318
Net assets released from restriction 3,529 (3,184) (345) -
      Total revenues 279,257 3,494 8,971 291,722

EXPENSES
Instruction and research 82,314 - - 82,314
Academic support 48,055 - - 48,055
Student services 46,590 - - 46,590
Public service 14,895 - - 14,895
Auxiliary enterprises 19,802 - - 19,802
Management and general 48,637 - - 48,637
Membership development 1,989 - - 1,989
Fundraising 7,699 - - 7,699
      Total expenses 269,981 - - 269,981
      Change in net assets before nonoperating revenues and expenses 9,276 3,494 8,971 21,741

NON-OPERATING REVENUES AND EXPENSES
Adjustment of actuarial liability - 3,113 1,386 4,499
Investment income:
   Dividends 7,602 2,306 17 9,925
   Interest 1,206 4 85 1,295
   Other 6,956 56 - 7,012
Investment expenses (2,991) (932) - (3,923)
Net realized and unrealized investment gains 32,367 9,253 9,528 51,148
Other 6 (3,980) (3,160) (7,134)
      Total nonoperating revenues and expenses 45,146 9,820 7,856 62,822
Change in net assets 54,422 13,314 16,827 84,563
      Net assets at beginning of year 521,281 119,064 288,173 928,518
      Net assets at end of year $    575,703 $    132,378 $    305,000 $ 1,013,081

 


Total Assets Bar Graph Net Assets Bar Graph Endowment Assets Bar Graph