Johns Hopkins University Financial Report 1997

Five Year Financial Summary
1993-1997 (in thousands)

FISCAL YEAR ENDED JUNE 30	1997	1996	1995	1994	1993
Operating revenues and support:
Tuition and fees, net	160,806	145,286	135,789	116,307	103,228
Grants, contracts and similar agreements:
Academic and support divisions	549,542	497,697	481,726	451,537	412,299
Applied Physics Laboratory contracts	382,876	372,229	414,975	426,515	411,071
Clinical services	162,705	163,012	162,217	154,720	148,682
Other	317,406	300,327	226,008	230,041	191,640
Total operating revenues and support	1,573,335	1,478,551	1,420,795	1,379,120	1,266,920
Operating expenses:
Instruction, research and clinical practice:
Academic and support divisions	981,954	887,483	822,278	782,210	695,078
Applied Physics Laboratory contracts	382,876	372,229	414,975	426,515	411,071
Other	177,246	167,986	156,003	145,865	165,258
Total operating expenses	1,542,076	1,427,698	1,393,256	1,354,590	1,271,407
Total assets	2,737,901	2,493,350	2,217,304	2,059,957	1,998,089
Total liabilities	793,558	776,031	749,157	741,024	706,330
Total net assets	1,944,343	1,717,319	1,468,147	1,318,933	1,291,759
Investments, including cash and cash equivalents, at market value:
Endowment Investment Pool	1,107,582	874,455	761,700	698,428	678,364
Total	1,545,722	1,253,271	1,115,990	1,034,563	1,002,223
Investment in plant assets, net	754,605	744,636	746,423	758,035	773,873
Indebtedness	457,242	449,446	462,101	466,593	475,253
Head count enrollment (Fall)	16,500	16,541	16,390	16,330	15,865
Employees	17,119	16,540	15,582	14,650	14,156
NOTE: In 1997, the University adopted the provisions of the AICPA Audit and Accounting Guide for Not-for-profit Organizations, which requires reporting of tuition and fee revenues net of grant and scholarship awards to students. This change was applied retroactively; amounts for 1996 and prior have been restated.