Financial Statements

PEPPERDINE UNIVERSITY
Consolidated Statements of Financial Position
At July 31, 2012 and 2011
(In thousands)

2012 2011
ASSETS
Cash and cash equivalents $       73,625 $       50,172
Student receivables, less allowance for doubtful accounts of $1,410 and $1,374, respectively 1,183 1,838
Other accounts receivable 3,119 4,822
Prepaid expenses, inventories and other assets 4,903 5,459
Student loans, less allowance for loan losses of $1,707 and $1,697, respectively 23,812 24,513
Contributions receivable, net 28,905 27,752
Investments 767,261 779,682
Assets held as trustee or agent 124,459 121,656
Property, facilities and equipment, net 341,180 346,678
      Total assets $ 1,368,447 $ 1,362,572

LIABILITIES AND NET ASSETS
Liabilities:
   Accounts payable and accrued liabilities $       15,730 $       18,341
   Accrued salaries and wages 3,364 3,216
   Student deposits, advance payments and deferred revenue 10,012 8,613
   Asset retirement obligations 5,720 5,460
   U.S. government-funded student loans 15,006 14,685
   Trust and agency obligations 74,951 72,198
   Long-term obligations 239,422 226,978
      Total liabilities 364,205 349,491
Net assets:
   Unrestricted 595,418 575,703
   Temporarily restricted 103,043 132,378
   Permanently restricted 305,781 305,000
      Total net assets 1,004,242 1,013,081
      Total liabilities and net assets $ 1,368,447 $ 1,362,572

 


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

 

PEPPERDINE UNIVERSITY
Consolidated Statements of Activities
For the year ended July 31, 2012
(In thousands)

REVENUES
Unrestricted
Temporarily
Restricted
Permanently
Restricted

Total
Student tuition and fees $    269,884 $              - $              - $    269,884
   Less student aid (81,350) - - (81,350)
      Net student tuition and fees 188,534 - - 188,534
Room and board 32,465 - - 32,465
Private gifts and grants 10,905 6,058 5,960 22,923
Endowment support 31,527 115 361 32,003
Government grants 3,624 3 - 3,627
Sales and services 6,273 - - 6,273
Other revenue 4,344 18 1,054 5,416
Net assets released from restriction 26,744 (26,881) 137 -
      Total revenues 304,416 (20,687) 7,512 291,241

EXPENSES
Instruction and research 84,163 - - 84,163
Academic support 49,506 - - 49,506
Student services 48,806 - - 48,806
Public service 15,009 - - 15,009
Auxiliary enterprises 23,744 - - 23,744
Management and general 46,608 - - 46,608
Membership development 1,824 - - 1,824
Fundraising 7,707 - - 7,707
      Total expenses 277,367 - - 277,367
      Change in net assets before nonoperating revenues and expenses 27,049 (20,687) 7,521 13,874

NON-OPERATING REVENUES AND EXPENSES
Adjustment of actuarial liability - (5,635) (2,030) (7,665)
Investment income:
   Dividends 6,632 1,776 1 8,409
   Interest 1,135 5 147 1,287
   Other 7,599 16 4 7,619
Investment expenses (3,246) (901) - (4,147)
Net realized and unrealized investment gains (16,788) (6,585) (3,723) (27,096)
Foreign currency translation (2,606) - - (2,606)
Other (60) 2,676 (1,130) 1,486
      Total nonoperating revenues and expenses (7,334) (8,648) (6,731) (22,713)
Change in net assets 19,715 (29,335) 781 (8,839)
      Net assets at beginning of year $    575,703 $    132,378 $    305,000 $ 1,013,081
      Net assets at end of year $    595,418 $    103,043 $    305,781 $ 1,004,242

 


Revenues Pie Graph
REVENUES
Expenses Pie Graph
EXPENSES

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