Financials

Statement of Activity & Cash Flows

Revenues

 
IN MILLIONS for the Fiscal Year {FY} ended June 30...
2014 2013 2012
MBA Tuition & Fees $ 113 $ 107 $ 99
Executive Education Tuition 163 146 142
Publishing 194 180 165
Endowment Distribution 120 117 109
Unrestricted Current Use Gifts 28 22 19
Housing, Rents, & Other 15 14 11
Interest Income – 1 1
total revenues
$ 633 m.
$ 587 m.
$ 546 m.

Expenses

 
IN MILLIONS for the Fiscal Year {FY} ended June 30...
2014 2013 2012
Salaries & Benefits $ 276 $ 255 $ 241
Publishing & Printing 71 67 59
Space & Occupancy 51 48 47
Supplies & Equipment 11 9 10
Professional Services 57 40 35
Fellowships 43 40 37
University Assessments 19 18 17
Debt Service 5 6 6
Other Expenses 64 59 52
total expenses
$ 597 m.
$ 542 m.
$ 504 m.
  2014 2013 2012
Cash from Operations $ 36 $ 45 $ 42
Restricted Current Use Gifts & Endowment Appreciation 56 22 24
cash before capital activities
$ 92
$ 67
$ 66
  2014 2013 2012
Capital Expenses $ (98) $ (78) $ (51)
Change in Capital Project Funding 17 (26) 1
Use of Gifts for Capital Projects 17 11 17
net capital expenses
$ (64)
$ (93)
$ (33)
  2014 2013 2012
New Borrowings $ 0 $ 0 $ 0
Debt Principal Payments (6) (8) (4)
Other Activity (6) (2) 11
net debt & other
$ (12)
$ (10)
$ 7
 
  2014 2013 2012
Change in Unrestricted Reserves
$ (16)
$ (36)
$ 40
Beginning Balance, Unrestricted Reserves
$ 83
$ 119
$ 79
Ending Balance, Unrestricted Reserves
$ 99
$ 83
$ 119