Consolidated Statements of Financial Position
| As of June 30 | ||
|---|---|---|
| 2014 | 2013 | |
| (in thousands) | ||
| Assets | ||
| Cash and cash equivalents | $94,259 | $148,564 |
| Accounts receivable, net (Note 2) | 29,039 | 28,094 |
| Deferred charges and other assets (Note 3) | 47,367 | 49,472 |
| Contributions receivable, net (Note 4) | 307,175 | 197,703 |
| Notes receivable, net (Note 5) | 45,925 | 46,007 |
| Investments (Note 6) | 10,012,952 | 8,509,334 |
| Land, buildings and equipment, net of accumulated depreciation (Note 7) | 1,382,730 | 1,350,192 |
| Total assets | $11,919,447 | $10,329,366 |
| Liabilities | ||
| Accounts payable (Note 7) | $35,875 | $43,324 |
| Short-term borrowing (Note 8) | 143,038 | 108,000 |
| Deferred revenue and refundable advances (Note 9) | 83,607 | 76,125 |
| Deposits and other liabilities (Note 10) | 97,162 | 98,907 |
| Liabilities associated with investments (Note 6) | 745,785 | 623,273 |
| Obligations under split-interest agreements (Note 17) | 121,979 | 107,779 |
| Bonds and notes payable (Note 11) | 668,532 | 821,920 |
| Conditional asset retirement obligations (Note 7) | 24,813 | 23,443 |
| Pension and other postretirement benefit obligations (Note 13) | 107,680 | 100,935 |
| Government advances for student loans (Note 5) | 29,670 | 29,525 |
| Total liabilities | 2,058,141 | 2,033,231 |
| Net Assets | ||
| Unrestricted (Note 14) | 4,365,745 | 3,710,534 |
| Temporarily restricted (Note 15) | 3,822,008 | 3,070,159 |
| Permanently restricted (Note 15) | 1,673,553 | 1,515,442 |
| Total net assets | 9,861,306 | 8,296,135 |
| Total liabilities and net assets | $11,919,447 | $10,329,366 |
See accompanying notes to consolidated financial statements.