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Baylor BU Financial Services Financial Reporting Financial Highlights Statement of Activities Summary Statement of Changes in Net Assets
  • Annual Financial Reports
  • Financial Highlights
    • Sources of Operating Revenues
    • Uses of Operating Funds
    • Statement of Activities
      • Summary Statement of Changes in Net Assets
    • Balance Sheet - Summary of Financial Position
    • Gifts
    • Liquidity
    • Long-Term Investments
    • Endowment
    • Long-Term Debt
    • Property, Plant & Equipment Summary
    • Student Information

Summary Statement of Changes in Net Assets

Years Ended May 31, 2018 - 2022
(in thousands)

For the Year Ended May 31, 2018 2019 2020 2021 2022
OPERATING REVENUES          
Tuition & fees $  720,218 $  757,947 $  806,333 $  897,877 $  968,259
Less scholarships (310,316) (325,274) (340,249) (365,224) (396,552)
Net tuition & fees 409,902 432,673 466,084 532,653 571,707
Endowment distributions & investment income 68,896 72,783 74,095 70,766 72,131
Gifts, grants & other sources 141,837 150,088 205,080 269,346 222,771
Sales & services of auxiliary enterprises 54,041 54,761 46,471 47,776 58,522
  674,676 710,305 791,730 920,541 925,131
OPERATING EXPENSES          
Instruction & academic support 288,422 310,552 404,564 409,935 420,067
Research & public service 101,322 102,402 80,840 150,970 72,821
Student services & activities 163,006 169,556 172,186 169,276 198,765
Auxiliary enterprises 41,176 41,145 37,343 44,855 45,856
Institutional support 70,831 86,436 80,848 87,855 94,972
  664,757 710,091 775,781 862,891 832,481
Increase in net assets from operating activities 9,919 214 15,949 57,650 92,650
NON-OPERATING ACTIVITIES          
Return on long-term investments 124,062 47,243 87,912 472,497 183,664
Distributions from long-term investments (68,682) (71,124) (73,183) (71,362) (72,595)
Endowment earnings & distributions re-invested 2,006 2,752 3,020 3,117 2,822
Change in value of split interest agreements 2,057 (199) 1,271 7,347 (2,959)
Gifts for endowment, annuity & living trusts 17,547 26,836 31,147 37,650 45,344
Gifts & grants for plant improvements, net of allowance adjustments 7,514 20,791 82,589 19,228 23,416
Other components of postretirement benefits cost (704) (613) (745) (525) (303)
Change in postretirement benefits obligation other than net periodic benefit cost (77) (4,196) (3,175) 956 9,583
Other increases (decreases) 2,529 (1,884) (2,343) (2,423)   (4)
Total non-operating activities 86,252 19,606 126,493 466,485 188,968
Change in net assets $  96,171 $  19,820 $  142,442 $  524,135 $  281,618
Baylor BU Financial Services Financial Reporting Financial Highlights Statement of Activities Summary Statement of Changes in Net Assets
  • Compliance & Assurance Services
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