Consolidated Statements of Financial Position
(in thousands)
| AS OF JUNE 30 | ||
|---|---|---|
| 2012 | 2011 | |
| Assets | ||
| Cash and cash equivalents | $88,557 | $90,006 |
| Accounts receivable, net (Note 2) | 24,895 | 26,851 |
| Deferred charges and other assets (Note 3) | 42,245 | 59,804 |
| Contributions receivable, net (Note 4) | 191,725 | 214,760 |
| Notes receivable, net (Note 5) | 60,087 | 86,275 |
| Investments (Note 6) | 7,632,623 | 7,456,204 |
| Land, buildings and equipment, net of accumulated depreciation (Note 7) | 1,290,423 | 1,204,412 |
| Total assets | $9,330,555 | $9,138,312 |
| Liabilities | ||
| Accounts payable (Note 7) | $29,599 | $26,455 |
| Short-term borrowing (Note 8) | 115,051 | 100,060 |
| Deferred revenue and refundable advances (Note 9) | 75,213 | 78,790 |
| Deposits and other liabilities (Note 10) | 108,859 | 99,777 |
| Liabilities associated with investments (Note 6) | 393,718 | 316,507 |
| Obligations under split-interest agreements (Note 17) | 76,732 | 71,778 |
| Bonds and notes payable (Note 11) | 825,173 | 728,464 |
| Conditional asset retirement obligations (Note 7) | 22,481 | 22,118 |
| Pension and other postretirement benefit obligations (Note 13) | 123,122 | 81,878 |
| Government advances for student loans (Note 5) | 29,186 | 29,582 |
| Total liabilities | 1,799,134 | 1,555,409 |
| Net Assets | ||
| Unrestricted: | ||
| Funds functioning as endowment (Note 16) | 2,499,911 | 2,426,132 |
| Invested in land, buildings and equipment | 844,643 | 754,792 |
| Other unrestricted net assets/(deficit) | (16,308) | 180,944 |
| Total unrestricted | 3,328,246 | 3,361,868 |
| Temporarily restricted (Note 14) | 2,756,155 | 2,834,319 |
| Permanently restricted (Note 15) | 1,447,020 | 1,386,716 |
| Total net assets | 7,531,421 | 7,582,903 |
| Total liabilities and net assets | $9,330,555 | $9,138,312 |
See accompanying notes to consolidated financial statements.