Johns Hopkins University Financial Report 1999

Statement of Activities
Year ended June 30, 1999 (in thousands)

	Unrestricted Net Assets	Temporarily Restricted Net Assets	Permanently Restricted Net Assets	Total
Operating revenues:
Tuition and fees, net	$ 185,144	-	-	185,144
Grants, contracts and similar agreements	1,023,937	-	-	1,023,937
Clinical services	177,482	-	-	177,482
Reimbursements from affiliated institutions	109,421	-	-	109,421
Contributions	37,488	53,186	-	90,674
Investment income	82,457	-	-	82,457
Maryland State aid	13,970	-	-	13,970
Sales and services of auxiliary enterprises	41,565	-	-	41,565
Other	43,990	-	-	43,990
Net assets released from restrictions	29,821	(29,821)	-	-

Total operating revenues	1,745,275	23,365	-	1,768,640
Operating expenses:
Compensation and benefits	966,408	-	-	966,408
Contractual services	386,985	-	-	386,985
Supplies, materials and other	202,812	-	-	202,812
Depreciation of property and equipment	76,801	-	-	76,801
Interest	26,433	-	-	26,433
Travel	36,501	-	-	36,501

Total operating expenses	1,695,940	-	-	1,695,940

Excess of operating revenues over expenses	49,335	23,365	-	72,700
Nonoperating revenues, gains and losses:
Contributions	-	39,320	91,216	130,536
Investment income	39,702	6	5,439	45,147
Loss on disposals of property and equipment	(744)	-	-	(744)
Net assets released from restrictions	12,159	(12,159)	-	-
Other	7,016	1,814	865	9,695

Nonoperating revenues, gains and losses, net	58,133	28,981	97,520	184,634

Increase in net assets	107,468	52,346	97,520	257,334

Net assets at beginning of year	1,455,630	179,427	539,832	2,174,889

Net assets at end of year	$1,563,098	231,773	637,352	2,432,223

[See accompanying notes to financial statements.]