Can you provide operation income ratios for Cooper green for 2020, 2019 & 2018 & for lake land for 2019, 2018 & 2017

Can you provided the Liquid Ratios for Cooper green for 2020, 2019 & 2018 & for lake land for 2019, 2018 & 2017

Can you provided the Current Ratios for Cooper green for 2020, 2019 & 2018 & for lake land for 2019, 2018 & 2017

Can you provided the operating ratios & return on equity for Cooper green for 2020, 2019 & 2018 & for lake land for 2019, 2018 & 2017

Can you provided the operating expenses & total revenue for Cooper green for 2020, 2019 & 2018 & for lake land for 2019, 2018 & 2017

Can you provided the net income & cash flow for Cooper green for 2020, 2019 & 2018 & for lake land for 2019, 2018 & 2017

Can you provided the total assets & total liabilities for Cooper green for 2020, 2019 & 2018 & for lake land for 2019, 2018 & 2017

The University of Alabama at Birmingham Statements of Net Position September 30, 2020 and 2019 2020 2019 ASSETS Current Assets: $ $ Cash and cash equivalents Short term investments Accounts receivable, net Loans receivable, current portion Pledges receivable, current portion Inventories Prepaid expenses and unearned scholarships Other current assets 641,920,794 1,196,891,055 565,381,018 1,994,471 10,732,083 35,827,726 380,593,397 1,084,308,490 481,727,985 2,272,848 18,436,977 30,625,249 62,681,894 11,213,343 2,071,860,183 71,948,834 12,001,066 Total current assets 2,536,697,047 141,695,284 169,594 825,529,381 537,457,828 60,291,989 Noncurrent Assets: Cash designated for capital activities Restricted cash and cash equivalents Investments for capital activities Endowment and life income investments Investment in Professional Liability Trust Fund Other long-term investments Loans receivable, net Pledges receivable Capital assets, net Other noncurrent assets Total noncurrent assets 63,098,686 269,648 797,791,901 539,974,716 59,920,845 107,735,412 8,347,250 29,408,901 1,784,230,411 4,075,296 3,394,853,066 115,426,770 10,980,614 45,409,739 1,723,027,158 115,634 3,460,103,991 Total Assets 5,931,550,113 5,531,964,174 DEFERRED OUTFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources 13,336,713 305,494,017 318,830,730 12,305,553 301,435,989 313,741,542 5,845,705,716 $ 6,250,380,843 See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Net Position September 30, 2020 and 2019 2020 2019 LIABILITIES Current Liabilities: $ $ 596,371,343 15,078,378 50,928,154 Accounts payable and accrued liabilities Deposits Unearned revenue-grants Unearned revenue-other Long-term debt, current portion Total current liabilities 342,830,127 15,788,813 44,550,216 105,781,493 35,380,749 99,077,929 38,749,671 800,205,475 544,331,398 Noncurrent Liabilities: Federal advances-loan funds Long-term debt, noncurrent portion Pension liability OPEB liability 8,483,518 1,087,186,699 1,245,083,000 271,431,941 28,713,594 2,640,898,752 3,441,104,227 11,056,522 1,127,090,695 1,168,305,000 677,611,841 14,099,948 2,998,164,006 3,542,495,404 Other noncurrent liabilities Total noncurrent liabilities Total Liabilities DEFERRED INFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Inflows Of Resources 521,937,116 40,878 224,773,994 224,814,872 521,937,116 NET POSITION 769,281,767 759,496,749 Net investment in capital assets Restricted Nonexpendable Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows and Net Position 405,615,948 353,055,159 759,386,626 2,287,339,500 $ 6,250,380,843 401,733,396 377,422,933 539,742,362 2,078,395,440 5,845,705,716 $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Revenues, Expenses, and Changes in Net Position Years Ended September 30, 2020 and 2019 2020 2019 $ $ 330,385,766 (85,456,029) 244,929,737 320,141,055 (80,228,711) 239,912,344 Operating Revenues Tuition and fees Less: scholarship allowance Tuition and fees, net Grants and contracts: Federal State Local Private 392,328,131 9,637,192 2,743,274 79,212,985 399,343,773 10,967,871 2,535,753 81,199,945 59,351,275 67,616,490 2,109,833,577 2,008,319,151 762,448,115 715,700,011 51,986,550 3,712,470,836 76,788,474 3,602,383,812 1,766,044,825 2,001,552,207 150,994,130 35,285,313 3,953,876,475 (241,405,639) 1,749,060,938 1,846,254,490 148,344,143 29,041,268 3,772,700,839 (170,317,027) Sales and services: Educational activities Hospital, net of bad debt expense of $187.9 million in 2020 and $157.7 million in 2019 Other auxiliary enterprises, net of scholarship allowance of $2.4 million in 2020 and $2.9 million in 2019 Other operating revenues Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation Scholarships and fellowships Total operating expenses Operating loss Nonoperating Revenues (Expenses) Economic Relief Funds State educational appropriations Grants and contracts Gifts Investment income Interest expense Loss on asset dispositions, net Other nonoperating income, net Net nonoperating revenues Income before other changes in net position Other Changes in Net Position Capital gifts and grants Endowment gifts Total other changes in net position Increase in net position Net Position, beginning of year Net Position, end of year 71,281,070 306,964,712 57,856,589 18,705,016 15,735,962 (40,126,392) (567,152) 889,773 430,739,578 189,333,939 287,691,735 35,451,482 48,327,432 32,247,107 (29,755,042) (112,196) 531,580 374,382,098 204,065,071 1,854,223 17,755,898 19,610,121 208,944,060 2,078,395,440 2,287,339,500 789,319 28,104,566 28,893,885 232,958,956 1,845,436,484 2,078,395,440 $ $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Cash Flows Years Ended September 30, 2020 and 2019 2020 2019 Cash flows from operating activities Student tuition and fees $ 246,333,703 $ 222,500,106 398,734,987 12,733,355 1,981,861 82,655,623 392,986,127 10,493,650 3,007,393 83,027,558 59,175,998 2,058,613,804 35,084,704 716,906,063 (1,311,156,619) (448,114,236) (1,835,715,862) (35,285,313) 50,574,552 32,522,620 68,089,396 1,988,861,614 47.914,492 669,167,299 (1,337,749,307) (402,775,436) (1.874,194,939) (29,041,268) 71,385,889 (86,327,426) Grants and contracts: Federal State Local Private Receipts from sales and services of: Educational activities Patient services Auxiliary enterprises, net Premium and administrative fees collected Payment to employees and related benefits Payment for contract labor Payment to suppliers Payment for scholarships and fellowships Other receipts Net cash provided by (used in) operating activities Cash flows from noncapital financing activities Economic relief funds State educational appropriations Private gifts Student direct lending receipts Student direct lending disbursements Other deposits Deposits from affiliates Net cash provided by noncapital financing activities Cash flows from investing activities Interest and dividends from investments, net Proceeds from notes receivable Proceeds from sales and maturities of investments Purchases of investments Net cash used in investing activities 67,325,616 306,964,712 59,428,944 167,856,685 (166,625,040) 60,226,262 (5,468,313) 489,708,866 287,691,735 74,368,931 169,048,223 (167,141,859) 39,131,649 1,374,539 404,473,218 96,970,912 85,697 8,342.944 (167,556,803) (62,157,250) 90,095,472 139,076 30,531,014 (206,880,373) (86,114,811) ) Cash flows from capital and related financing activities Proceeds from issuance of capital debt Capital gifts, grants and contracts Proceeds from sale of capital assets Purchases of capital assets Principal payments on capital debt Interest payments on capital debt Net cash used in capital and related financing activities 11,037,858 2,591,924 380,128 (220,801,455) (35,296,312) (35,155,526) (277,243,383) 217,842,498 3,517,265 3,267,701 (219,539,415) (35,308,922) (34,218,980) (64,439,853) 182,830,853 167,591,128 Net increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year 522,458,275 705,289,128 $ 354,867,147 522,458,275 $ See accompanying notes to financial statements. . The University of Alabama at Birmingham Statements of Cash Flows (continued) Years Ended September 30, 2020 and 2019 2020 2019 $ 641,920,794 $ 63,098,686 269,648 705,289,128 $ 380,593,397 141,695,284 169,594 522,458,275 (241,405,639) $ (170,317,027) 148,344,143 Reconciliation of cash and cash equivalents to the statements of net position Cash and cash equivalents Cash designated for capital activities Restricted cash and cash equivalents Total cash and cash equivalents Reconciliation of operating loss to net cash provided by (used in) operating activities Operating loss Adjustments to reconcile operating loss to net cash provided by (used in) operating activities Depreciation expense Pension expense OPEB expense Changes in assets and liabilities: Accounts receivable, net Prepaid expenses and other assets Accounts payable and accrued liabilities Pension obligations OPEB obligations Unearned Revenue Net cash provided by (used in) operating activities 150,994,130 112,188,000 (25,185,389) 76,255,000 52,845,769 165,975,517 (17,806,662) 9,577,611 (98,485,000) (22,187,000) (1,142,948) (49,790,075) (17.744,379) (12,188,034) (97.999,000) (21,360,942) 5,627,119 (86,327,426) 32,522,620 $ $ $ 22,430,684 109,947 Supplemental noncash activities information Capital assets acquired included in accounts payable Capital assets acquired through capital lease Interest capitalized Non-cash transfer of funds from the STLP to the LCRP Debt proceeds immediately transferred into escrow Payment of outstanding bonds principal and interest via escrow 23,431,082 341,253 2,722,115 547,946,709 81.890.469 80,027,733 See accompanying notes to financial statements Southern Research Institute (A Discretely Presented Component Unit) Statements of Net Position December 28, 2019 and December 29, 2018 2020 2019 $ Current Assets: Cash and cash equivalents Investments Restricted cash and investments Accounts receivable, net Other receivables Materials and supplies, net Prepayments and other current assets Total current assets Noncurrent Assets: : Net OPEB asset Capital assets: Land and improvements Buildings and major plant equipment Laboratory equipment and fixtures Office furniture and equipment Intangible assets, net 470,327 $ 15,321,444 11,933,466 17,182,332 1,411,383 986,730 756,048 48,061,730 24,474 19,911,409 10,721,291 16,109,295 2,008,305 1,073,368 839,722 50,687,864 1,187,434 623,594 6,274,425 67,746,523 64,804,143 3,622,526 1,707,790 144,155,407 (91,792,022) 52,363,385 667,583 53,030,968 54,218,402 102,280,132 6,273,110 68,640,869 61,419,728 3,559,598 2,466,397 142,359,702 (88,734,253) 53,625,449 1,777,846 55,403,295 56,026,889 106,714,753 Less accumulated depreciation Construction-in-progress - Total capital assets, net Total noncurrent assets Total Assets Deferred Outflows of Resources OPEB 319,792 102,599,924 403,238 107,117,991 $ $ $ 4,400,559 6,038,919 5,192.267 987,380 172.370 16,791,495 5,382,732 6,302,610 4,790,805 625,110 806,353 17,907,610 Total Assets and Deferred Outflows of Resources Current Liabilities: Accounts payable Accrued liabilities Unearned contract revenue Current maturities of long-term debt and capital lease obligations Note payable Total current liabilities Noncurrent Liabilities: : Long-term debt and capital lease obligations Total noncurrent liabilities Total Liabilities Deferred Inflows of Resources OPEB Net Position Net investment in capital assets Restricted Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows Of Resources, and Net Position 14.063,162 14,063,162 30,854,657 14.050,649 14,050,649 31,958,259 1,472,708 1,079,066 37,980,426 40,727,536 12,462,984 19,829,149 70,272,559 102,599,924 11,939,885 21,413,245 74,080,666 107,117,991 $ See accompanying notes to financial statements. Southern Research Institute (A Discretely Presented Component Unit) Statements of Revenues, Expenses, and Changes in Net Position Years Ended December 28, 2019 and December 29, 2018 2019 2018 $ $ 76,296,491 1,748,981 78,045,472 65,188,876 2,333,215 67,522,091 Operating Revenues Contract revenues Intellectual property revenues, net of direct expenses Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation and amortization Total operating expenses Operating loss Nonoperating Revenues (Expenses) Contributions Investment income (oss) Interest expense Gain (loss) on disposal of assets Net nonoperating revenues (expenses) Change in net position Net Position, beginning of year Net Position, end of year 46,123,903 30,641,540 6,563,411 83,328,854 (5,283,382) 46,596,897 29,358,326 6,949,310 82,904,533 (15,382,442) 312,507 3,258,840 (384,463) (1,711,609) 1,475,275 491,792 (1,724,659) (369,510) (5,523,672) (7,126,049) (3,808,107) 74,080,666 70.272.559 (22,508,491) 96,589,157 74.080.666 $ $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Net Position September 30, 2019 and 2018 2019 2018 $ $ 380.593.397 $ 1.084.308.490 481.727.985 2.272.848 18,436,977 30.625,249 62,681,894 11.213.343 2.071.860.183 341.288.837 999.762.476 379.353.664 2.607.520 18,141,677 24.485.532 56,506,374 7,305,367 1.829.451.447 141,695,284 169.594 825,529.381 537.457.828 60.291,989 115,426,770 10.980.614 45,409,739 1,723.027,158 115.634 3.460.103.991 5.531.964.174 12,303,298 1,275,012 807,541,053 524.782.469 67.279.238 104,167,675 12.186.968 46,369,919 1.647.560.771 55.152 3.223.521.555 5.052.973.002 ASSETS Current Assets: Cash and cash equivalents Short term investments Accounts receivable. net Loans receivable, current portion Pledges receivable, current portion Inventories Prepaid expenses and unearned scholarships Other current assets Total current assets Noncurrent Assets: Cash designated for capital activities Restricted cash and cash equivalents Investments for capital activities Endowment and life income investments Investment in Professional Liability Trust Fund Other long-term investments Loans receivable.net Pledges receivable Capital assets, net Other noncurrent assets Total noncurrent assets Total Assets DEFERRED OUTFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources LIABILITIES ABILITIES Current Liabilities: ciao Accounts payable and accrued liabilities wewe Deposits Unearned revenue-grants Unearned revenue-other Long-term debt, current portion . Total current liabilities Noncurrent Liabilities: Federal advances-loan funds Long-term debt, noncurrent portion Pension liability OPEB liability Other noncurrent liabilities Total noncurrent liabilities Total Liabilities DEFERRED INFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Inflows Of Resources NET POSITION Net investment in capital assets Restricted Nonexpendable Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows and Net Position , 12,305,553 301.435,989 313.741,542 5.845.705.716 $ 13,259,304 284,267,363 297,526.667 5.350.499.669 S $ $ 342,830,127 15.788.813 44,550,216 105,781,493 35,380.749 544.331.398 338,881,337 13.912.936 38,376,263 106,176.792 34,951,086 532.298,414 11,056,522 1,127,090,695 1.168.305.000 677.611.841 14.099.948 2.998.164.006 3.542.495.404 12.374.410 902,290,484 1,161,162.000 664,329,034 14.344.130 2.754.500.058 3.286.798.472 40.878 224,773,994 224.814.872 54,307 218,210,406 218.264.713 759.496.749 744.768.861 401,733.396 377.422.933 539.742.362 2.078.395.440 5.845.705.716 $ 386.738.832 354.341.414 359.587.377 1.845.436.484 5.350.499.669 $ See accompanying notes to financial statements, The University of Alabama at Birmingham Statements of Revenues, Expenses, and Changes in Net Position Year Ended September 30, 2019 and 2018 2019 2018 $ $ Operating Revenues Tuition and fees Less: scholarship allowance Tuition and fees, net Grants and contracts: Federal 320,141,055 (80,228,711) 239,912,344 303,042,374 (49,334,451) 253,707,923 State 399,343,773 10,967,871 2,535,753 81,199,945 370,528,637 8,057,617 2,999,958 80,047,182 67,616,490 2,008,319,151 68,464,868 1,864,755,549 715,700,011 690,422,963 76,788,474 3,602,383,812 65,489,724 3,404,474,421 1,749,060,938 1,846,254,490 148,344,143 29,041,268 3,772,700,839 (170,317,027) 1,674,990,688 1,734,410,959 146,686,513 27,779,628 3,583,867,788 (179,393,367) Local Private Sales and services: : Educational activities Hospital, net of bad debt expense of $157,700,738 in 2019 and $152,151,403 in 2018 Other auxiliary enterprises, net of scholarship allowance of $2,938,161 in 2019 and $3,137,826 in 2018 Other operating revenues Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation Scholarships and fellowships Total operating expenses Operating loss Nonoperating Revenues (Expenses) State educational appropriations Grants and contracts Gifts Investment income Interest expense Loss on asset dispositions, net Other nonoperating income (loss), net Net nonoperating revenues Income before other changes in net position Other Changes in Net Position Capital gifts and grants Endowment gifts Intergovernmental transfers Total other changes in net position Increase in net position Net Position, beginning of year, as previously reported Adoption of GASB 75 Net Position, beginning of year as restated as of October 1, 2017 Net Position, end of year 287,691,735 35,451,482 48,327,432 32,247,107 (29,755,042) (112,196) ( 531,580 374,382,098 204,065,071 273,351,124 34,713,042 37,888,497 90,152,323 (28,964,461) (6,760,763) (4,574,152) 395,805,610 216,412,243 789,319 28,104,566 28,893,885 232.958,956 1,845,436,484 2,285,326 18,401,517 (795,097 19,891,746 236,303,989 2,147,505,940 (538,373,445) 1,609,132,495 1,845,436,484 1,845,436,484 2,078,395,440 $ $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Cash Flows Years Ended September 30, 2019 and 2018 2019 2018 $ 222,500,106 $ 231,115,150 392,986,127 10,493,650 3,007,393 83,027,558 361,592,330 9,111,345.33 2,814.960 85,374,305 Cash flows from operating activities Student tuition and fees Grants and contracts: Federal State Local Private Receipts from sales and services of: Educational activities Patient services Auxiliary enterprises, net Premium and administrative fees collected Payment to employees and related benefits Payment for contract labor Payment to suppliers Payment for scholarships and fellowships Other receipts Net cash used in operating activities 68,089,396 1,988,861,614 47,914,492 669,167,299 (1,337,749,307) (402,775,436) (1,874,194,939) (29,041,268) 71,385,889 (86,327,426) 68,246,848 1,848,364,473 45,259,777 645,859,222 (1,290,542,381) (369,838,457) (1,735,169,599) (27,779,628) 61,456.951 (64,134,704 Cash flows from noncapital financing activities State educational appropriations Private gifts Student direct lending receipts Student direct lending disbursements Other deposits Deposits from affiliates Net cash provided by noncapital financing activities 287,691,735 74,368,931 169,048,223 (167,141,859) 39,131,649 1,374,539 404,473,218 273,351,124 54,483,523 168,122,333 (167,268,364) 37,358,070 5,225,155 371,271,841 Cash flows from investing activities Interest and dividends from investments, net Proceeds from notes receivable Proceeds from sales and maturities of investments Purchases of investments Net cash used in investing activities 90,095,472 139,076 30,531,014 (206,880,373) ( (86,114,811) 76,512,231 126,747 56,285,307 (233,897,521) (100,973,236) 217,842,498 Cash flows from capital and related financing activities Proceeds from issuance of capital debt State capital funds Capital gifts, grants and contracts Proceeds from sale of capital assets Purchases of capital assets Principal payments on capital debt Interest payments on capital debt Net cash used in capital and related financing activities 3,517,265 3,267,701 (219,539,415) (35,308,922) (34,218,980) (64,439,853) 127,678 4,831,473 510,769 (209,155,014) (37,773,553) (34,374,966) (275,833,613) Net increase (decrease) in cash and cash equivalents 167,591,128 (69,669,712) Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year 354,867,147 522,458,275 424,536,859 354,867,147 See accompanying notes to financial statements. . The University of Alabama at Birmingham Statements of Cash Flows (continued) Years Ended September 30, 2019 and 2018 2019 2018 $ $ Reconciliation of cash and cash equivalents to the statements of net position Cash and cash equivalents Cash designated for capital activities Restricted cash and cash equivalents Total cash and cash equivalents 380,593,397 141,695,284 169,594 522,458,275 341,288,837 12,303,298 1,275,012 354,867,147 (170,317,027) $ (179,393,367) 148,344,143 76,255,000 52,845,769 146,686,513 86,199,000 58,415,453 Reconciliation of operating loss to net cash used in operating activities Operating loss Adjustments to reconcile operating loss to net cash used in operating activities Depreciation expense Pension expense OPEB expense Changes in assets and liabilities: Accounts receivable, net Prepaid expenses and other assets Accounts payable and accrued liabilities Pension obligations OPEB obligations Unearned Revenue Net cash used in operating activities (49,790,075) (17,744,379) (12,188,034) (97,999,000) (21,360,942) 5,627,119 (86,327,426) (27,603,792) (29,914,634) (11,048,056) (95,055,000) (22,216,217) 9.795,396 (64,134,704) $ $ Supplemental noncash activities information Capital assets acquired included in accounts payable Capital assets acquired through capital lease Interest capitalized Noncash Intergovernmental transfers 23,431,082 341.253 2,722,115 16,241,114 309,508 3,134,791 795,098 See accompanying notes to financial statements. Southern Research Institute A Discretely Presented Component Unit Statements of Net Position December 28, 2018 and December 29, 2017 2019 2018 ASSETS Current Assets: Cash and cash equivalents Investments Restricted cash and investments Accounts receivable.net Other receivables Materials and supplies, net Prepayments and other current assets Total current assets Noncurrent Assets: Net OPEB asset Capital assets: Land and improvements Buildings and major plant equipment Laboratory equipment and fixtures Office furniture and equipment Intangible assets, net 24.474 $ 19.911,409 10.721.291 16.109.295 2.008.305 1,073,368 839.722 50,687,864 5.368.718 29.820.863 12.077.419 14.918.349 3.899.764 916.804 1.016.594 68,018,511 623,594 360.231 6,273,110 68,640,869 61,419,728 3,559,598 2.466,397 142,359,702 188.734.253) 53.625.449 1,777,846 555.403.295 56,026,889 106,714,753 7,468,288 62,311,367 66,512,027 3.665,424 2,241,644 142,198,750 (88.983.0101 53,215,740 5,136,775 58.352.515 58,712, 746 126,731,257 Less accumulated depreciation 403.238 107.117.991 $ $ 126.731.257 $ Construction-in-progress Total capital assets, net Total noncurrent assets Total Assets DEFERRED OUTFLOWS OF RESOURCES OPEB Total Assets and Deferred Outflows of Resources LIABILITIES Current Liabilities: Accounts payable Accrued liabilities Unearned contract revenue Current maturities of long-term debt and capital lease obligations Note payable Total current liabilities Noncurrent Liabilities: : Long-term debt and capital lease obligations Total noncurrent liabilities Total Liabilities DEFERRED INFLOWS OF RESOURCES OPEB NET POSITION Net investment in capital assets Restricted Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows Of Resources, and Net Position 5.382.732 6.302.610 4.790.805 625.110 806.353 17.907.610 4,663,917 6.763,147 3.414.680 624,597 15.466,341 14.050,649 14,050,649 31,958,259 14,675,759 14,675,759 30.142.100 1,079,066 40.727,536 43.052,159 11,939,885 21.413.245 74,080,666 107,117,991 14.220.150 39.316.848 96,589,157 126.731.257 See accompanying notes to financial statements. Southern Research Institute A Discretely Presented Component Unit Statements of Revenues, Expenses, and Changes in Net Position Years Ended December 28, 2018 and December 29, 2017 2019 2018 $ 65,188,876 2,333,215 67,522,091 63,221,909 3,032,179 66,254,088 Operating Revenues Contract revenues Intellectual property revenues, net of direct expenses Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation and amortization Total operating expenses Operating loss 46,596,897 29,358,326 6,949,310 82,904,533 (15,382,442) 48,519,346 24,366,091 7,445,212 80,330,649 (14,076,561) Nonoperating Revenues (Expenses) Contributions Investment income (loss) Interest expense Gain (loss) on disposal of assets Net nonoperating revenues (expenses) 491,792 (1,724,659) (369,510) (5,523,672) (7,126,049) 358,792 4,272,965 (517,725) 1,515,282 5,629,314 Change in net position Net Position, beginning of year Net Position, end of year (22,508,491) 96,589,157 74,080,666 (8,447,247) 105,036,404 96,589,157 $ See accompanying notes to financial statements. FISCAL YEAR ENDING DEC. Total Revenue $19,056,298 2019 Total Functional Expenses Net income $17,346, 177 $1,710,121 PDF Percent of total revenue 990 79.4% Full Text Notable sources of revenue Contributions Program services Investment income Bond proceeds Royalties Rental property income Net fundraising Sales of assets Net inventory sales Other revenue $0 $15,123,554 $0 $0 $0 $0 $0 $0 $0 $3,932,744 990 (FILED ON APRIL 5, 2021) Full Filing 20.6% Schedules - Percent of total expenses 1.1% Raw XML Notable expenses Executive compensation Professional fundraising fees Other salaries and wages $194,837 $0 $6,213,314 35.8% 990 Other Total Assets Total Liabilities Net Assets $5,544,174 $3,408,339 $2,135,835 Compensation $130,016 $35,000 $0 Key Employees and Officers ASHLEY POOL (CHIEF OPERATING OFFICER) MARTHA MCCORMICK (CHIEF EXECUTIVE OFFICER) JUDY BITTINGER (CHAIRMAN) ROYCE BENEFIELD (VICE-CHAIRMAN) DREW THRASHER (SECRETARY-TREASURER) JONATHAN BENNETT (BOARD MEMBER) DR BOYDE J HARRISON (BOARD MEMBER) DR RAMESH REDDY (BOARD MEMBER) ROGER HAYES (BOARD MEMBER) $0 $0 $0 $0 $0 o s os $0 - Show less Nonprofit Explorer in your story or publication and let us know. FISCAL YEAR ENDING DEC. Total Revenue $16,001,151 2018 Total Functional Expenses Net income $15,384,073 $617,078 PDF Percent of total revenue 990 77.4% Notable sources of revenue Contributions Program services Investment income Bond proceeds Royalties Rental property income Net fundraising Sales of assets Net inventory sales Other revenue $0 $12,387,856 $0 $0 $0 $0 $0 $0 $0 $3,613,295 22.6% Percent of total expenses 1.0% Notable expenses Executive compensation Professional fundraising fees Other salaries and wages $155,765 $0 $0 Other Total Assets Total Liabilities Net Assets $4,790,221 $4,405,958 $384,263 FISCAL YEAR ENDING DEC. Total Revenue $15,602,813 2017 Total Functional Expenses $16,584,689 Net income -$981,876 PDF 990 Notable sources of revenue Contributions Program services Investment income Bond proceeds Royalties Rental property income Net fundraising Sales of assets Net inventory sales Other revenue Percent of total revenue $0 $15,544,801 99.6% $0 $0 $0 $0 $0 $0 $0 $58,012 0.4% Percent of total expenses 0.9% Notable expenses Executive compensation Professional fundraising fees Other salaries and wages $156,682 $0 $5,918,348 35.7% Other Total Assets Total Liabilities Net Assets $4,855,105 $12,177,885 -$7,322,780 The University of Alabama at Birmingham Statements of Net Position September 30, 2020 and 2019 2020 2019 ASSETS Current Assets: $ $ Cash and cash equivalents Short term investments Accounts receivable, net Loans receivable, current portion Pledges receivable, current portion Inventories Prepaid expenses and unearned scholarships Other current assets 641,920,794 1,196,891,055 565,381,018 1,994,471 10,732,083 35,827,726 380,593,397 1,084,308,490 481,727,985 2,272,848 18,436,977 30,625,249 62,681,894 11,213,343 2,071,860,183 71,948,834 12,001,066 Total current assets 2,536,697,047 141,695,284 169,594 825,529,381 537,457,828 60,291,989 Noncurrent Assets: Cash designated for capital activities Restricted cash and cash equivalents Investments for capital activities Endowment and life income investments Investment in Professional Liability Trust Fund Other long-term investments Loans receivable, net Pledges receivable Capital assets, net Other noncurrent assets Total noncurrent assets 63,098,686 269,648 797,791,901 539,974,716 59,920,845 107,735,412 8,347,250 29,408,901 1,784,230,411 4,075,296 3,394,853,066 115,426,770 10,980,614 45,409,739 1,723,027,158 115,634 3,460,103,991 Total Assets 5,931,550,113 5,531,964,174 DEFERRED OUTFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources 13,336,713 305,494,017 318,830,730 12,305,553 301,435,989 313,741,542 5,845,705,716 $ 6,250,380,843 See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Net Position September 30, 2020 and 2019 2020 2019 LIABILITIES Current Liabilities: $ $ 596,371,343 15,078,378 50,928,154 Accounts payable and accrued liabilities Deposits Unearned revenue-grants Unearned revenue-other Long-term debt, current portion Total current liabilities 342,830,127 15,788,813 44,550,216 105,781,493 35,380,749 99,077,929 38,749,671 800,205,475 544,331,398 Noncurrent Liabilities: Federal advances-loan funds Long-term debt, noncurrent portion Pension liability OPEB liability 8,483,518 1,087,186,699 1,245,083,000 271,431,941 28,713,594 2,640,898,752 3,441,104,227 11,056,522 1,127,090,695 1,168,305,000 677,611,841 14,099,948 2,998,164,006 3,542,495,404 Other noncurrent liabilities Total noncurrent liabilities Total Liabilities DEFERRED INFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Inflows Of Resources 521,937,116 40,878 224,773,994 224,814,872 521,937,116 NET POSITION 769,281,767 759,496,749 Net investment in capital assets Restricted Nonexpendable Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows and Net Position 405,615,948 353,055,159 759,386,626 2,287,339,500 $ 6,250,380,843 401,733,396 377,422,933 539,742,362 2,078,395,440 5,845,705,716 $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Revenues, Expenses, and Changes in Net Position Years Ended September 30, 2020 and 2019 2020 2019 $ $ 330,385,766 (85,456,029) 244,929,737 320,141,055 (80,228,711) 239,912,344 Operating Revenues Tuition and fees Less: scholarship allowance Tuition and fees, net Grants and contracts: Federal State Local Private 392,328,131 9,637,192 2,743,274 79,212,985 399,343,773 10,967,871 2,535,753 81,199,945 59,351,275 67,616,490 2,109,833,577 2,008,319,151 762,448,115 715,700,011 51,986,550 3,712,470,836 76,788,474 3,602,383,812 1,766,044,825 2,001,552,207 150,994,130 35,285,313 3,953,876,475 (241,405,639) 1,749,060,938 1,846,254,490 148,344,143 29,041,268 3,772,700,839 (170,317,027) Sales and services: Educational activities Hospital, net of bad debt expense of $187.9 million in 2020 and $157.7 million in 2019 Other auxiliary enterprises, net of scholarship allowance of $2.4 million in 2020 and $2.9 million in 2019 Other operating revenues Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation Scholarships and fellowships Total operating expenses Operating loss Nonoperating Revenues (Expenses) Economic Relief Funds State educational appropriations Grants and contracts Gifts Investment income Interest expense Loss on asset dispositions, net Other nonoperating income, net Net nonoperating revenues Income before other changes in net position Other Changes in Net Position Capital gifts and grants Endowment gifts Total other changes in net position Increase in net position Net Position, beginning of year Net Position, end of year 71,281,070 306,964,712 57,856,589 18,705,016 15,735,962 (40,126,392) (567,152) 889,773 430,739,578 189,333,939 287,691,735 35,451,482 48,327,432 32,247,107 (29,755,042) (112,196) 531,580 374,382,098 204,065,071 1,854,223 17,755,898 19,610,121 208,944,060 2,078,395,440 2,287,339,500 789,319 28,104,566 28,893,885 232,958,956 1,845,436,484 2,078,395,440 $ $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Cash Flows Years Ended September 30, 2020 and 2019 2020 2019 Cash flows from operating activities Student tuition and fees $ 246,333,703 $ 222,500,106 398,734,987 12,733,355 1,981,861 82,655,623 392,986,127 10,493,650 3,007,393 83,027,558 59,175,998 2,058,613,804 35,084,704 716,906,063 (1,311,156,619) (448,114,236) (1,835,715,862) (35,285,313) 50,574,552 32,522,620 68,089,396 1,988,861,614 47.914,492 669,167,299 (1,337,749,307) (402,775,436) (1.874,194,939) (29,041,268) 71,385,889 (86,327,426) Grants and contracts: Federal State Local Private Receipts from sales and services of: Educational activities Patient services Auxiliary enterprises, net Premium and administrative fees collected Payment to employees and related benefits Payment for contract labor Payment to suppliers Payment for scholarships and fellowships Other receipts Net cash provided by (used in) operating activities Cash flows from noncapital financing activities Economic relief funds State educational appropriations Private gifts Student direct lending receipts Student direct lending disbursements Other deposits Deposits from affiliates Net cash provided by noncapital financing activities Cash flows from investing activities Interest and dividends from investments, net Proceeds from notes receivable Proceeds from sales and maturities of investments Purchases of investments Net cash used in investing activities 67,325,616 306,964,712 59,428,944 167,856,685 (166,625,040) 60,226,262 (5,468,313) 489,708,866 287,691,735 74,368,931 169,048,223 (167,141,859) 39,131,649 1,374,539 404,473,218 96,970,912 85,697 8,342.944 (167,556,803) (62,157,250) 90,095,472 139,076 30,531,014 (206,880,373) (86,114,811) ) Cash flows from capital and related financing activities Proceeds from issuance of capital debt Capital gifts, grants and contracts Proceeds from sale of capital assets Purchases of capital assets Principal payments on capital debt Interest payments on capital debt Net cash used in capital and related financing activities 11,037,858 2,591,924 380,128 (220,801,455) (35,296,312) (35,155,526) (277,243,383) 217,842,498 3,517,265 3,267,701 (219,539,415) (35,308,922) (34,218,980) (64,439,853) 182,830,853 167,591,128 Net increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year 522,458,275 705,289,128 $ 354,867,147 522,458,275 $ See accompanying notes to financial statements. . The University of Alabama at Birmingham Statements of Cash Flows (continued) Years Ended September 30, 2020 and 2019 2020 2019 $ 641,920,794 $ 63,098,686 269,648 705,289,128 $ 380,593,397 141,695,284 169,594 522,458,275 (241,405,639) $ (170,317,027) 148,344,143 Reconciliation of cash and cash equivalents to the statements of net position Cash and cash equivalents Cash designated for capital activities Restricted cash and cash equivalents Total cash and cash equivalents Reconciliation of operating loss to net cash provided by (used in) operating activities Operating loss Adjustments to reconcile operating loss to net cash provided by (used in) operating activities Depreciation expense Pension expense OPEB expense Changes in assets and liabilities: Accounts receivable, net Prepaid expenses and other assets Accounts payable and accrued liabilities Pension obligations OPEB obligations Unearned Revenue Net cash provided by (used in) operating activities 150,994,130 112,188,000 (25,185,389) 76,255,000 52,845,769 165,975,517 (17,806,662) 9,577,611 (98,485,000) (22,187,000) (1,142,948) (49,790,075) (17.744,379) (12,188,034) (97.999,000) (21,360,942) 5,627,119 (86,327,426) 32,522,620 $ $ $ 22,430,684 109,947 Supplemental noncash activities information Capital assets acquired included in accounts payable Capital assets acquired through capital lease Interest capitalized Non-cash transfer of funds from the STLP to the LCRP Debt proceeds immediately transferred into escrow Payment of outstanding bonds principal and interest via escrow 23,431,082 341,253 2,722,115 547,946,709 81.890.469 80,027,733 See accompanying notes to financial statements Southern Research Institute (A Discretely Presented Component Unit) Statements of Net Position December 28, 2019 and December 29, 2018 2020 2019 $ Current Assets: Cash and cash equivalents Investments Restricted cash and investments Accounts receivable, net Other receivables Materials and supplies, net Prepayments and other current assets Total current assets Noncurrent Assets: : Net OPEB asset Capital assets: Land and improvements Buildings and major plant equipment Laboratory equipment and fixtures Office furniture and equipment Intangible assets, net 470,327 $ 15,321,444 11,933,466 17,182,332 1,411,383 986,730 756,048 48,061,730 24,474 19,911,409 10,721,291 16,109,295 2,008,305 1,073,368 839,722 50,687,864 1,187,434 623,594 6,274,425 67,746,523 64,804,143 3,622,526 1,707,790 144,155,407 (91,792,022) 52,363,385 667,583 53,030,968 54,218,402 102,280,132 6,273,110 68,640,869 61,419,728 3,559,598 2,466,397 142,359,702 (88,734,253) 53,625,449 1,777,846 55,403,295 56,026,889 106,714,753 Less accumulated depreciation Construction-in-progress - Total capital assets, net Total noncurrent assets Total Assets Deferred Outflows of Resources OPEB 319,792 102,599,924 403,238 107,117,991 $ $ $ 4,400,559 6,038,919 5,192.267 987,380 172.370 16,791,495 5,382,732 6,302,610 4,790,805 625,110 806,353 17,907,610 Total Assets and Deferred Outflows of Resources Current Liabilities: Accounts payable Accrued liabilities Unearned contract revenue Current maturities of long-term debt and capital lease obligations Note payable Total current liabilities Noncurrent Liabilities: : Long-term debt and capital lease obligations Total noncurrent liabilities Total Liabilities Deferred Inflows of Resources OPEB Net Position Net investment in capital assets Restricted Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows Of Resources, and Net Position 14.063,162 14,063,162 30,854,657 14.050,649 14,050,649 31,958,259 1,472,708 1,079,066 37,980,426 40,727,536 12,462,984 19,829,149 70,272,559 102,599,924 11,939,885 21,413,245 74,080,666 107,117,991 $ See accompanying notes to financial statements. Southern Research Institute (A Discretely Presented Component Unit) Statements of Revenues, Expenses, and Changes in Net Position Years Ended December 28, 2019 and December 29, 2018 2019 2018 $ $ 76,296,491 1,748,981 78,045,472 65,188,876 2,333,215 67,522,091 Operating Revenues Contract revenues Intellectual property revenues, net of direct expenses Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation and amortization Total operating expenses Operating loss Nonoperating Revenues (Expenses) Contributions Investment income (oss) Interest expense Gain (loss) on disposal of assets Net nonoperating revenues (expenses) Change in net position Net Position, beginning of year Net Position, end of year 46,123,903 30,641,540 6,563,411 83,328,854 (5,283,382) 46,596,897 29,358,326 6,949,310 82,904,533 (15,382,442) 312,507 3,258,840 (384,463) (1,711,609) 1,475,275 491,792 (1,724,659) (369,510) (5,523,672) (7,126,049) (3,808,107) 74,080,666 70.272.559 (22,508,491) 96,589,157 74.080.666 $ $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Net Position September 30, 2019 and 2018 2019 2018 $ $ 380.593.397 $ 1.084.308.490 481.727.985 2.272.848 18,436,977 30.625,249 62,681,894 11.213.343 2.071.860.183 341.288.837 999.762.476 379.353.664 2.607.520 18,141,677 24.485.532 56,506,374 7,305,367 1.829.451.447 141,695,284 169.594 825,529.381 537.457.828 60.291,989 115,426,770 10.980.614 45,409,739 1,723.027,158 115.634 3.460.103.991 5.531.964.174 12,303,298 1,275,012 807,541,053 524.782.469 67.279.238 104,167,675 12.186.968 46,369,919 1.647.560.771 55.152 3.223.521.555 5.052.973.002 ASSETS Current Assets: Cash and cash equivalents Short term investments Accounts receivable. net Loans receivable, current portion Pledges receivable, current portion Inventories Prepaid expenses and unearned scholarships Other current assets Total current assets Noncurrent Assets: Cash designated for capital activities Restricted cash and cash equivalents Investments for capital activities Endowment and life income investments Investment in Professional Liability Trust Fund Other long-term investments Loans receivable.net Pledges receivable Capital assets, net Other noncurrent assets Total noncurrent assets Total Assets DEFERRED OUTFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources LIABILITIES ABILITIES Current Liabilities: ciao Accounts payable and accrued liabilities wewe Deposits Unearned revenue-grants Unearned revenue-other Long-term debt, current portion . Total current liabilities Noncurrent Liabilities: Federal advances-loan funds Long-term debt, noncurrent portion Pension liability OPEB liability Other noncurrent liabilities Total noncurrent liabilities Total Liabilities DEFERRED INFLOWS OF RESOURCES Bond deferred refundings Pension and OPEB related obligations Total Deferred Inflows Of Resources NET POSITION Net investment in capital assets Restricted Nonexpendable Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows and Net Position , 12,305,553 301.435,989 313.741,542 5.845.705.716 $ 13,259,304 284,267,363 297,526.667 5.350.499.669 S $ $ 342,830,127 15.788.813 44,550,216 105,781,493 35,380.749 544.331.398 338,881,337 13.912.936 38,376,263 106,176.792 34,951,086 532.298,414 11,056,522 1,127,090,695 1.168.305.000 677.611.841 14.099.948 2.998.164.006 3.542.495.404 12.374.410 902,290,484 1,161,162.000 664,329,034 14.344.130 2.754.500.058 3.286.798.472 40.878 224,773,994 224.814.872 54,307 218,210,406 218.264.713 759.496.749 744.768.861 401,733.396 377.422.933 539.742.362 2.078.395.440 5.845.705.716 $ 386.738.832 354.341.414 359.587.377 1.845.436.484 5.350.499.669 $ See accompanying notes to financial statements, The University of Alabama at Birmingham Statements of Revenues, Expenses, and Changes in Net Position Year Ended September 30, 2019 and 2018 2019 2018 $ $ Operating Revenues Tuition and fees Less: scholarship allowance Tuition and fees, net Grants and contracts: Federal 320,141,055 (80,228,711) 239,912,344 303,042,374 (49,334,451) 253,707,923 State 399,343,773 10,967,871 2,535,753 81,199,945 370,528,637 8,057,617 2,999,958 80,047,182 67,616,490 2,008,319,151 68,464,868 1,864,755,549 715,700,011 690,422,963 76,788,474 3,602,383,812 65,489,724 3,404,474,421 1,749,060,938 1,846,254,490 148,344,143 29,041,268 3,772,700,839 (170,317,027) 1,674,990,688 1,734,410,959 146,686,513 27,779,628 3,583,867,788 (179,393,367) Local Private Sales and services: : Educational activities Hospital, net of bad debt expense of $157,700,738 in 2019 and $152,151,403 in 2018 Other auxiliary enterprises, net of scholarship allowance of $2,938,161 in 2019 and $3,137,826 in 2018 Other operating revenues Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation Scholarships and fellowships Total operating expenses Operating loss Nonoperating Revenues (Expenses) State educational appropriations Grants and contracts Gifts Investment income Interest expense Loss on asset dispositions, net Other nonoperating income (loss), net Net nonoperating revenues Income before other changes in net position Other Changes in Net Position Capital gifts and grants Endowment gifts Intergovernmental transfers Total other changes in net position Increase in net position Net Position, beginning of year, as previously reported Adoption of GASB 75 Net Position, beginning of year as restated as of October 1, 2017 Net Position, end of year 287,691,735 35,451,482 48,327,432 32,247,107 (29,755,042) (112,196) ( 531,580 374,382,098 204,065,071 273,351,124 34,713,042 37,888,497 90,152,323 (28,964,461) (6,760,763) (4,574,152) 395,805,610 216,412,243 789,319 28,104,566 28,893,885 232.958,956 1,845,436,484 2,285,326 18,401,517 (795,097 19,891,746 236,303,989 2,147,505,940 (538,373,445) 1,609,132,495 1,845,436,484 1,845,436,484 2,078,395,440 $ $ See accompanying notes to financial statements. The University of Alabama at Birmingham Statements of Cash Flows Years Ended September 30, 2019 and 2018 2019 2018 $ 222,500,106 $ 231,115,150 392,986,127 10,493,650 3,007,393 83,027,558 361,592,330 9,111,345.33 2,814.960 85,374,305 Cash flows from operating activities Student tuition and fees Grants and contracts: Federal State Local Private Receipts from sales and services of: Educational activities Patient services Auxiliary enterprises, net Premium and administrative fees collected Payment to employees and related benefits Payment for contract labor Payment to suppliers Payment for scholarships and fellowships Other receipts Net cash used in operating activities 68,089,396 1,988,861,614 47,914,492 669,167,299 (1,337,749,307) (402,775,436) (1,874,194,939) (29,041,268) 71,385,889 (86,327,426) 68,246,848 1,848,364,473 45,259,777 645,859,222 (1,290,542,381) (369,838,457) (1,735,169,599) (27,779,628) 61,456.951 (64,134,704 Cash flows from noncapital financing activities State educational appropriations Private gifts Student direct lending receipts Student direct lending disbursements Other deposits Deposits from affiliates Net cash provided by noncapital financing activities 287,691,735 74,368,931 169,048,223 (167,141,859) 39,131,649 1,374,539 404,473,218 273,351,124 54,483,523 168,122,333 (167,268,364) 37,358,070 5,225,155 371,271,841 Cash flows from investing activities Interest and dividends from investments, net Proceeds from notes receivable Proceeds from sales and maturities of investments Purchases of investments Net cash used in investing activities 90,095,472 139,076 30,531,014 (206,880,373) ( (86,114,811) 76,512,231 126,747 56,285,307 (233,897,521) (100,973,236) 217,842,498 Cash flows from capital and related financing activities Proceeds from issuance of capital debt State capital funds Capital gifts, grants and contracts Proceeds from sale of capital assets Purchases of capital assets Principal payments on capital debt Interest payments on capital debt Net cash used in capital and related financing activities 3,517,265 3,267,701 (219,539,415) (35,308,922) (34,218,980) (64,439,853) 127,678 4,831,473 510,769 (209,155,014) (37,773,553) (34,374,966) (275,833,613) Net increase (decrease) in cash and cash equivalents 167,591,128 (69,669,712) Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year 354,867,147 522,458,275 424,536,859 354,867,147 See accompanying notes to financial statements. . The University of Alabama at Birmingham Statements of Cash Flows (continued) Years Ended September 30, 2019 and 2018 2019 2018 $ $ Reconciliation of cash and cash equivalents to the statements of net position Cash and cash equivalents Cash designated for capital activities Restricted cash and cash equivalents Total cash and cash equivalents 380,593,397 141,695,284 169,594 522,458,275 341,288,837 12,303,298 1,275,012 354,867,147 (170,317,027) $ (179,393,367) 148,344,143 76,255,000 52,845,769 146,686,513 86,199,000 58,415,453 Reconciliation of operating loss to net cash used in operating activities Operating loss Adjustments to reconcile operating loss to net cash used in operating activities Depreciation expense Pension expense OPEB expense Changes in assets and liabilities: Accounts receivable, net Prepaid expenses and other assets Accounts payable and accrued liabilities Pension obligations OPEB obligations Unearned Revenue Net cash used in operating activities (49,790,075) (17,744,379) (12,188,034) (97,999,000) (21,360,942) 5,627,119 (86,327,426) (27,603,792) (29,914,634) (11,048,056) (95,055,000) (22,216,217) 9.795,396 (64,134,704) $ $ Supplemental noncash activities information Capital assets acquired included in accounts payable Capital assets acquired through capital lease Interest capitalized Noncash Intergovernmental transfers 23,431,082 341.253 2,722,115 16,241,114 309,508 3,134,791 795,098 See accompanying notes to financial statements. Southern Research Institute A Discretely Presented Component Unit Statements of Net Position December 28, 2018 and December 29, 2017 2019 2018 ASSETS Current Assets: Cash and cash equivalents Investments Restricted cash and investments Accounts receivable.net Other receivables Materials and supplies, net Prepayments and other current assets Total current assets Noncurrent Assets: Net OPEB asset Capital assets: Land and improvements Buildings and major plant equipment Laboratory equipment and fixtures Office furniture and equipment Intangible assets, net 24.474 $ 19.911,409 10.721.291 16.109.295 2.008.305 1,073,368 839.722 50,687,864 5.368.718 29.820.863 12.077.419 14.918.349 3.899.764 916.804 1.016.594 68,018,511 623,594 360.231 6,273,110 68,640,869 61,419,728 3,559,598 2.466,397 142,359,702 188.734.253) 53.625.449 1,777,846 555.403.295 56,026,889 106,714,753 7,468,288 62,311,367 66,512,027 3.665,424 2,241,644 142,198,750 (88.983.0101 53,215,740 5,136,775 58.352.515 58,712, 746 126,731,257 Less accumulated depreciation 403.238 107.117.991 $ $ 126.731.257 $ Construction-in-progress Total capital assets, net Total noncurrent assets Total Assets DEFERRED OUTFLOWS OF RESOURCES OPEB Total Assets and Deferred Outflows of Resources LIABILITIES Current Liabilities: Accounts payable Accrued liabilities Unearned contract revenue Current maturities of long-term debt and capital lease obligations Note payable Total current liabilities Noncurrent Liabilities: : Long-term debt and capital lease obligations Total noncurrent liabilities Total Liabilities DEFERRED INFLOWS OF RESOURCES OPEB NET POSITION Net investment in capital assets Restricted Expendable Unrestricted Total Net Position Total Liabilities, Deferred Inflows Of Resources, and Net Position 5.382.732 6.302.610 4.790.805 625.110 806.353 17.907.610 4,663,917 6.763,147 3.414.680 624,597 15.466,341 14.050,649 14,050,649 31,958,259 14,675,759 14,675,759 30.142.100 1,079,066 40.727,536 43.052,159 11,939,885 21.413.245 74,080,666 107,117,991 14.220.150 39.316.848 96,589,157 126.731.257 See accompanying notes to financial statements. Southern Research Institute A Discretely Presented Component Unit Statements of Revenues, Expenses, and Changes in Net Position Years Ended December 28, 2018 and December 29, 2017 2019 2018 $ 65,188,876 2,333,215 67,522,091 63,221,909 3,032,179 66,254,088 Operating Revenues Contract revenues Intellectual property revenues, net of direct expenses Total operating revenues Operating Expenses Salaries, wages and benefits Supplies and services Depreciation and amortization Total operating expenses Operating loss 46,596,897 29,358,326 6,949,310 82,904,533 (15,382,442) 48,519,346 24,366,091 7,445,212 80,330,649 (14,076,561) Nonoperating Revenues (Expenses) Contributions Investment income (loss) Interest expense Gain (loss) on disposal of assets Net nonoperating revenues (expenses) 491,792 (1,724,659) (369,510) (5,523,672) (7,126,049) 358,792 4,272,965 (517,725) 1,515,282 5,629,314 Change in net position Net Position, beginning of year Net Position, end of year (22,508,491) 96,589,157 74,080,666 (8,447,247) 105,036,404 96,589,157 $ See accompanying notes to financial statements. FISCAL YEAR ENDING DEC. Total Revenue $19,056,298 2019 Total Functional Expenses Net income $17,346, 177 $1,710,121 PDF Percent of total revenue 990 79.4% Full Text Notable sources of revenue Contributions Program services Investment income Bond proceeds Royalties Rental property income Net fundraising Sales of assets Net inventory sales Other revenue $0 $15,123,554 $0 $0 $0 $0 $0 $0 $0 $3,932,744 990 (FILED ON APRIL 5, 2021) Full Filing 20.6% Schedules - Percent of total expenses 1.1% Raw XML Notable expenses Executive compensation Professional fundraising fees Other salaries and wages $194,837 $0 $6,213,314 35.8% 990 Other Total Assets Total Liabilities Net Assets $5,544,174 $3,408,339 $2,135,835 Compensation $130,016 $35,000 $0 Key Employees and Officers ASHLEY POOL (CHIEF OPERATING OFFICER) MARTHA MCCORMICK (CHIEF EXECUTIVE OFFICER) JUDY BITTINGER (CHAIRMAN) ROYCE BENEFIELD (VICE-CHAIRMAN) DREW THRASHER (SECRETARY-TREASURER) JONATHAN BENNETT (BOARD MEMBER) DR BOYDE J HARRISON (BOARD MEMBER) DR RAMESH REDDY (BOARD MEMBER) ROGER HAYES (BOARD MEMBER) $0 $0 $0 $0 $0 o s os $0 - Show less Nonprofit Explorer in your story or publication and let us know. FISCAL YEAR ENDING DEC. Total Revenue $16,001,151 2018 Total Functional Expenses Net income $15,384,073 $617,078 PDF Percent of total revenue 990 77.4% Notable sources of revenue Contributions Program services Investment income Bond proceeds Royalties Rental property income Net fundraising Sales of assets Net inventory sales Other revenue $0 $12,387,856 $0 $0 $0 $0 $0 $0 $0 $3,613,295 22.6% Percent of total expenses 1.0% Notable expenses Executive compensation Professional fundraising fees Other salaries and wages $155,765 $0 $0 Other Total Assets Total Liabilities Net Assets $4,790,221 $4,405,958 $384,263 FISCAL YEAR ENDING DEC. Total Revenue $15,602,813 2017 Total Functional Expenses $16,584,689 Net income -$981,876 PDF 990 Notable sources of revenue Contributions Program services Investment income Bond proceeds Royalties Rental property income Net fundraising Sales of assets Net inventory sales Other revenue Percent of total revenue $0 $15,544,801 99.6% $0 $0 $0 $0 $0 $0 $0 $58,012 0.4% Percent of total expenses 0.9% Notable expenses Executive compensation Professional fundraising fees Other salaries and wages $156,682 $0 $5,918,348 35.7% Other Total Assets Total Liabilities Net Assets $4,855,105 $12,177,885 -$7,322,780