Johns Hopkins University Financial Report 2002

Johns Hopkins University
Five Year Financial Summary
1998-2002 (dollars in thousands)

Fiscal year ended June 30	2002	2001	2000	1999	1998

Operating revenues:
Tuition and fees, net	$ 254,062	231,783	215,076	196,743	181,980
Grants, contracts and similar agreements:	1,394,147	1,190,958	1,057,513	1,023,937	986,925
Clinical services	228,069	194,538	187,271	177,482	169,170
Contributions	144,010	223,627	90,125	90,674	63,994
Investment income	124,322	109,846	91,558	82,457	69,920
Other	272,531	227,953	239,656	197,347	192,156
Total operating revenues	2,417,141	2,178,705	1,881,199	1,768,640	1,664,145

Operating expenses:
Compensation and benefits	1,315,347	1,159,727	1,051,929	966,408	926,893
Contractual services	488,068	418,104	377,908	386,985	379,580
Supplies, materials, and other	276,540	241,475	222,407	202,812	183,274
Depreciation of property and equipment	82,809	70,790	75,254	76,801	76,579
Travel	44,392	46,328	40,896	36,501	37,516
Interest	24,365	28,408	25,773	26,433	30,740
Total operating expenses	1,964,832	1,964,832	1,794,167	1,695,940	1,634,582

Total assets	4,166,990	4,007,693	3,817,588	3,310,260	3,033,766
Total liabilities	1,167,687	966,481	955,870	822,852	826,091
Endowments and similar funds held for purposes of Johns Hopkins Hospital	61,475	57,177	60,275	55,185	32,786
Total net assets	2,937,828	2,954,035	2,801,443	2,432,223	2,174,889
Investments, including cash and cash equivalents, at fair value:
Endowment Investment Pool	1,698,717	1,819,555	1,803,289	1,472,752	1,346,255
Total	2,444,853	2,493,885	2,442,870	2,008,879	1,834,713
Investments in plant assets, net	1,006,623	908,404	832,715	781,251	758,812
Indebtedness	662,737	554,717	539,958	427,683	441,781

Head count enrollment (Fall)	18,235	18,074	17,967	17,996	17,279
Employees	20,691	21,251	19,659	17,389	17,474