{"id":35,"date":"2021-02-08T19:23:39","date_gmt":"2021-02-08T19:23:39","guid":{"rendered":"https:\/\/afr.ua.edu\/2020\/?page_id=35"},"modified":"2021-12-07T17:20:02","modified_gmt":"2021-12-07T17:20:02","slug":"financial-statements","status":"publish","type":"page","link":"https:\/\/afr.ua.edu\/2020\/","title":{"rendered":"Financial Statements"},"content":{"rendered":"\t\t\t\t\t\t<style>\r\n\t\t\t\t\r\n\t\t\t\t\t#tab_container_709 {\r\n\toverflow:hidden;\r\n\tdisplay:block;\r\n\twidth:100%;\r\n\tborder:0px solid #ddd;\r\n\tmargin-bottom:30px;\r\n\t}\r\n\r\n#tab_container_709 .tab-content{\r\n\tpadding:20px;\r\n\tborder: 1px solid 000000 !important;\r\n\tmargin-top: 0px;\r\n\tbackground-color: !important;\r\n\tcolor:  !important;\r\n\tfont-size:17px !important;\r\n\tfont-family: Arial !important;\r\n\t\r\n\t\tborder: 1px solid 000000 !important;\r\n\t}\r\n#tab_container_709 .wpsm_nav-tabs {\r\n    border-bottom: 0px solid #ddd;\r\n}\r\n#tab_container_709 .wpsm_nav-tabs > li.active > a, #tab_container_709 .wpsm_nav-tabs > li.active > a:hover, #tab_container_709 .wpsm_nav-tabs > li.active > a:focus {\r\n\tcolor:  !important;\r\n\tcursor: default;\r\n\tbackground-color: #f7f7f7 !important;\r\n\tborder: 1px solid #dedede !important;\r\n}\r\n\r\n#tab_container_709 .wpsm_nav-tabs > li > a {\r\n    margin-right: 0px !important; \r\n    line-height: 1.42857143 !important;\r\n    border: 1px solid 000000 !important;\r\n    border-radius: 0px 0px 0 0 !important; \r\n\tbackground-color:  !important;\r\n\tcolor:  !important;\r\n\tpadding: 15px 18px 15px 18px !important;\r\n\ttext-decoration: none !important;\r\n\tfont-size: 13px !important;\r\n\ttext-align:center !important;\r\n\tfont-family: Arial !important;\r\n}\r\n#tab_container_709 .wpsm_nav-tabs > li > a:focus {\r\noutline: 0px !important;\r\n}\r\n\r\n#tab_container_709 .wpsm_nav-tabs > li > a:before {\r\n\tdisplay:none !important;\r\n}\r\n#tab_container_709 .wpsm_nav-tabs > li > a:after {\r\n\tdisplay:none !important ;\r\n}\r\n#tab_container_709 .wpsm_nav-tabs > li{\r\npadding:0px !important ;\r\nmargin:0px;\r\n}\r\n\r\n#tab_container_709 .wpsm_nav-tabs > li > a:hover , #tab_container_709 .wpsm_nav-tabs > li > a:focus {\r\n    color:  !important;\r\n    background-color:  !important;\r\n\tborder: 1px solid 000000 !important;\r\n\t\r\n}\r\n#tab_container_709 .wpsm_nav-tabs > li > a .fa{\r\n\r\nmargin-right:5px !important;\r\n\r\nmargin-left:5px !important;\r\n\r\n\r\n}\r\n\r\n\t\t#tab_container_709 .wpsm_nav-tabs a{\r\n\t\t\tbackground-image: none;\r\n\t\t\tbackground-position: 0 0;\r\n\t\t\tbackground-repeat: repeat-x;\r\n\t\t}\r\n\t\t\t\r\n\r\n\r\n#tab_container_709 .wpsm_nav-tabs > li {\r\n    float: left;\r\n    margin-bottom: -1px !important;\r\n\tmargin-right:0px !important; \r\n}\r\n\r\n\r\n#tab_container_709 .tab-content{\r\noverflow:hidden !important;\r\n}\r\n\r\n\r\n@media (min-width: 769px) {\r\n\r\n\t#tab_container_709 .wpsm_nav-tabs > li{\r\n\t\tfloat:left !important ;\r\n\t\t\t\tmargin-right:-1px !important;\r\n\t\t\t\t\t}\r\n\t#tab_container_709 .wpsm_nav-tabs{\r\n\t\tfloat:none !important;\r\n\t\tmargin:0px !important;\r\n\t}\r\n\r\n\t#tab_container_709 .wpsm_nav-tabs > li {\r\n\t\t\t\t\r\n\t}\r\n\t#tab_container_709 .wpsm_nav{\r\n\t\t\t}\r\n\r\n}\r\n\r\n\r\n\r\n@media (max-width: 768px) {\r\n\t#tab_container_709 .wpsm_nav-tabs > li {\r\n\t\t\t\t\r\n\t}\r\n\t#tab_container_709 .wpsm_nav{\r\n\t\t\t}\r\n}\r\n\r\n\r\n\t.wpsm_nav-tabs li:before{\r\n\t\tdisplay:none !important;\r\n\t}\r\n\r\n\t@media (max-width: 768px) {\r\n\t\t\t\t\r\n\t\t\t\t.wpsm_nav-tabs{\r\n\t\t\tmargin-left:0px !important;\r\n\t\t\tmargin-right:0px !important; \r\n\t\t\t\r\n\t\t}\r\n\t\t\t\t#tab_container_709 .wpsm_nav-tabs > li{\r\n\t\t\tfloat:none !important;\r\n\t\t}\r\n\t\t\t\r\n\t}\t\t\t\t<\/style>\r\n\t\t\t\t<div id=\"tab_container_709\" >\r\n\t \r\n\t\t\t\t\t<ul class=\"wpsm_nav wpsm_nav-tabs\" role=\"tablist\" id=\"myTab_709\">\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t<li role=\"presentation\"  class=\"active\"  onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t<a href=\"#tabs_desc_709_1\" aria-controls=\"tabs_desc_709_1\" role=\"tab\" data-toggle=\"tab\">\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<span>Statements of Net Position<\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t<\/li>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t<li role=\"presentation\"  onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t<a href=\"#tabs_desc_709_2\" aria-controls=\"tabs_desc_709_2\" role=\"tab\" data-toggle=\"tab\">\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<span>Statements of Revenues, Expenses and Changes in Net Position<\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t<\/li>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t<li role=\"presentation\"  onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t<a href=\"#tabs_desc_709_3\" aria-controls=\"tabs_desc_709_3\" role=\"tab\" data-toggle=\"tab\">\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<span>Statements of Cash Flows<\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t<\/li>\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t<li role=\"presentation\"  onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t<a href=\"#tabs_desc_709_4\" aria-controls=\"tabs_desc_709_4\" role=\"tab\" data-toggle=\"tab\">\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<span>Discretely Presented Component Units<\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t<\/li>\r\n\t\t\t\t\t\t\t\t\t\t\t <\/ul>\r\n\r\n\t\t\t\t\t  <!-- Tab panes -->\r\n\t\t\t\t\t  <div class=\"tab-content\" id=\"tab-content_709\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t <div role=\"tabpanel\" class=\"tab-pane  in active \" id=\"tabs_desc_709_1\">\r\n\t\t\t\t\t\t\t\t\n<table id=\"tablepress-1\" class=\"tablepress tablepress-id-1\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><font color=\"#900\" size=\"5\"><div align=\"right\">2020 <\/div><\/font><\/td><td class=\"column-3\"><font color=\"#900\" size=\"5\"><div align=\"right\">2019 <\/div><\/font><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Current assets<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unrestricted cash and cash equivalents<\/span><\/td><td class=\"column-2\"><div align=\"right\">$156,722,199<\/div><\/td><td class=\"column-3\"><div align=\"right\">$108,110,486<\/div><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted cash and cash equivalents<\/span><\/td><td class=\"column-2\"><div align=\"right\">4,724,106<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,543,438<\/div><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unrestricted short-term investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">328,123,909<\/div><\/td><td class=\"column-3\"><div align=\"right\">269,418,660<\/div><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted short-term investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">16,804,375<\/div><\/td><td class=\"column-3\"><div align=\"right\">13,740,912<\/div><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Accounts receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">91,105,769<\/div><\/td><td class=\"column-3\"><div align=\"right\">91,811,771<\/div><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of notes receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">3,827,210<\/div><\/td><td class=\"column-3\"><div align=\"right\">5,040,811<\/div><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of student loans receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,929,194<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,000,480<\/div><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of pledges receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">18,467,892<\/div><\/td><td class=\"column-3\"><div align=\"right\">11,670,109<\/div><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Inventories<\/span><\/td><td class=\"column-2\"><div align=\"right\">5,377,134<\/div><\/td><td class=\"column-3\"><div align=\"right\">7,084,249<\/div><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Prepaid expenses and unearned scholarships<\/span><\/td><td class=\"column-2\"><div align=\"right\">95,669,266<\/div><\/td><td class=\"column-3\"><div align=\"right\">102,708,473<\/div><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other current assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">3,008,604<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,126,151<\/div><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total current assets<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>725,759,658<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>616,255,540<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Noncurrent assets<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted cash and cash equivalents<\/span><\/td><td class=\"column-2\"><div align=\"right\">13,984,227<\/div><\/td><td class=\"column-3\"><div align=\"right\">4,746,827<\/div><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Endowment and life income investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">820,554,775<\/div><\/td><td class=\"column-3\"><div align=\"right\">832,842,409<\/div><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Investments for capital activities<\/span><\/td><td class=\"column-2\"><div align=\"right\">432,015,246<\/div><\/td><td class=\"column-3\"><div align=\"right\">650,087,836<\/div><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other long-term investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">217,288,549<\/div><\/td><td class=\"column-3\"><div align=\"right\">216,514,251<\/div><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Notes receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">216,496,108<\/div><\/td><td class=\"column-3\"><div align=\"right\">216,523,061<\/div><\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Student loans receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">7,910,551<\/div><\/td><td class=\"column-3\"><div align=\"right\">8,824,627<\/div><\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Pledges receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">61,871,603<\/div><\/td><td class=\"column-3\"><div align=\"right\">28,587,176<\/div><\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Capital assets, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,374,645,592<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,172,997,368<\/div><\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other noncurrent assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">10,983,800<\/div><\/td><td class=\"column-3\"><div align=\"right\">9,516,363<\/div><\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total noncurrent assets<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>4,115,750,451<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>4,140,639,918<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total assets<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>4,881,510,109<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>4,756,895,458<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Deferred outflows of resources<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Debt refundings<\/span><\/td><td class=\"column-2\"><div align=\"right\">17,372,261<\/div><\/td><td class=\"column-3\"><div align=\"right\">18,582,271<\/div><\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Pension and OPEB obligations<\/span><\/td><td class=\"column-2\"><div align=\"right\">168,514,132<\/div><\/td><td class=\"column-3\"><div align=\"right\">180,721,290<\/div><\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total deferred outflows of resources<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"><strong>185,886,393<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"><strong>199,303,561<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><strong>Total assets and deferred outflows of resources<\/strong><\/font><\/td><td class=\"column-2\"><div align=\"right\"> <strong>$5,067,396,502<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>$4,956,199,019<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Current liabilities<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Accounts payable and accrued liabilities<\/span><\/td><td class=\"column-2\"><div align=\"right\">$157,835,424<\/div><\/td><td class=\"column-3\"><div align=\"right\">$139,091,428<\/div><\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of unearned revenue<\/span><\/td><td class=\"column-2\"><div align=\"right\">299,997,609<\/div><\/td><td class=\"column-3\"><div align=\"right\">353,128,982<\/div><\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Deposits<\/span><\/td><td class=\"column-2\"><div align=\"right\">43,638,808<\/div><\/td><td class=\"column-3\"><div align=\"right\">35,251,861<\/div><\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of long-term debt<\/span><\/td><td class=\"column-2\"><div align=\"right\">41,322,697<\/div><\/td><td class=\"column-3\"><div align=\"right\">42,487,450<\/div><\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total current liabilities<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>542,794,538<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>569,959,721<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Noncurrent liabilities<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Federal advances - loan funds<\/span><\/td><td class=\"column-2\"><div align=\"right\">8,664,137<\/div><\/td><td class=\"column-3\"><div align=\"right\">8,393,239<\/div><\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other liabilities<\/span><\/td><td class=\"column-2\"><div align=\"right\">17,402,817<\/div><\/td><td class=\"column-3\"><div align=\"right\">4,509,004<\/div><\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unearned revenue<\/span><\/td><td class=\"column-2\"><div align=\"right\">10,009,965<\/div><\/td><td class=\"column-3\"><div align=\"right\">8,058,359<\/div><\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Long-term debt, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,208,064,263<\/div><\/td><td class=\"column-3\"><div align=\"right\">1,251,641,581<\/div><\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Pension liability<\/span><\/td><td class=\"column-2\"><div align=\"right\">646,185,000<\/div><\/td><td class=\"column-3\"><div align=\"right\">594,410,000<\/div><\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">OPEB liability<\/span><\/td><td class=\"column-2\"><div align=\"right\">108,975,155<\/div><\/td><td class=\"column-3\"><div align=\"right\">267,378,182<\/div><\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total noncurrent liabilities<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>1,999,301,337<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>2,134,390,365<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total liabilities<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>2,542,095,875<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>2,704,350,086<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Deferred inflows of resources<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Pension and OPEB obligations<\/span><\/td><td class=\"column-2\"><div align=\"right\">199,594,551<\/div><\/td><td class=\"column-3\"><div align=\"right\">92,807,931<\/div><\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Split interest - remainder interest<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,337,929<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,403,739<\/div><\/td>\n<\/tr>\n<tr class=\"row-54\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total deferred inflows of resources<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>201,932,480<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>95,211,670<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-55\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-56\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Net position<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-57\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Net investment in capital assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,322,651,902<\/div><\/td><td class=\"column-3\"><div align=\"right\">1,210,048,918<\/div><\/td>\n<\/tr>\n<tr class=\"row-58\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted<\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-59\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Nonexpendable<\/span><\/td><td class=\"column-2\"><div align=\"right\">502,203,055<\/div><\/td><td class=\"column-3\"><div align=\"right\">480,733,622<\/div><\/td>\n<\/tr>\n<tr class=\"row-60\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Expendable<\/span><\/td><td class=\"column-2\"><div align=\"right\">436,716,309<\/div><\/td><td class=\"column-3\"><div align=\"right\">417,325,242<\/div><\/td>\n<\/tr>\n<tr class=\"row-61\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unrestricted<\/span><\/td><td class=\"column-2\"><div align=\"right\">61,796,881<\/div><\/td><td class=\"column-3\"><div align=\"right\">48,529,481<\/div><\/td>\n<\/tr>\n<tr class=\"row-62\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total net position<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>2,323,368,147<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>2,156,637,263<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-63\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-64\">\n\t<td class=\"column-1\"> <strong>Total liabilities, deferred inflows of resources and net position<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>$5,067,396,502<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>$4,956,199,019<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-65\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-66\">\n\t<td class=\"column-1\"><a href=\"https:\/\/afr.ua.edu\/2020\/notes\/\" style=\"text-decoration: none\"><i> <font color=\"#900\">See accompanying notes to financial statements. <\/font><\/i><\/a><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t <\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t <div role=\"tabpanel\" class=\"tab-pane \" id=\"tabs_desc_709_2\">\r\n\t\t\t\t\t\t\t\t\n<table id=\"tablepress-4\" class=\"tablepress tablepress-id-4\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><font color=\"#900\" size=\"5\"><div align=\"right\">2020<\/div><\/font> <\/td><td class=\"column-3\"><font color=\"#900\" size=\"5\"><div align=\"right\">2019<\/font><\/div> <\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Operating Revenues <\/font><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Tuition and fees<\/span><\/td><td class=\"column-2\"><div align=\"right\">$801,068,732<\/div><\/td><td class=\"column-3\"><div align=\"right\">$806,275,024<\/div><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Less: scholarship allowances<\/span><\/td><td class=\"column-2\"><div align=\"right\">(275,547,610)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(273,733,791)<\/div><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Tuition and fees, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">525,521,122<\/div><\/td><td class=\"column-3\"><div align=\"right\">532,541,233<\/div><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Grants and contracts<\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Federal<\/span><\/td><td class=\"column-2\"><div align=\"right\">61,180,497<\/div><\/td><td class=\"column-3\"><div align=\"right\">54,497,395<\/div><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">State<\/span><\/td><td class=\"column-2\"><div align=\"right\">31,189,670<\/div><\/td><td class=\"column-3\"><div align=\"right\">31,209,610<\/div><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Local<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,200,281<\/div><\/td><td class=\"column-3\"><div align=\"right\">942,937<\/div><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Private<\/span><\/td><td class=\"column-2\"><div align=\"right\">4,587,580<\/div><\/td><td class=\"column-3\"><div align=\"right\">6,838,737<\/div><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Sales and services of educational activities<\/span><\/td><td class=\"column-2\"><div align=\"right\">9,866,923<\/div><\/td><td class=\"column-3\"><div align=\"right\">12,167,759<\/div><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Auxiliary sales &amp; services, net of $5,866,931 in 2019<\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">and $6,466,887 in 2018 of scholarship allowances  <\/span><\/td><td class=\"column-2\"><div align=\"right\">158,930,066<\/div><\/td><td class=\"column-3\"><div align=\"right\">201,829,933<\/div><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other operating revenues<\/span><\/td><td class=\"column-2\"><div align=\"right\">78,176,763<\/div><\/td><td class=\"column-3\"><div align=\"right\">66,807,573<\/div><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total operating revenues<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>870,652,902<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>906,835,177<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Operating expenses<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Salaries, wages and benefits<\/span><\/td><td class=\"column-2\"><div align=\"right\">711,111,598<\/div><\/td><td class=\"column-3\"><div align=\"right\">728,517,509<\/div><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Supplies and services<\/span><\/td><td class=\"column-2\"><div align=\"right\">205,449,757<\/div><\/td><td class=\"column-3\"><div align=\"right\">275,323,598<\/div><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Depreciation<\/span><\/td><td class=\"column-2\"><div align=\"right\">81,695,869<\/div><\/td><td class=\"column-3\"><div align=\"right\">78,865,931<\/div><\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Scholarships and fellowships<\/span><\/td><td class=\"column-2\"><div align=\"right\">35,435,733<\/div><\/td><td class=\"column-3\"><div align=\"right\">26,259,220<\/div><\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total operating expenses<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>1,033,692,957<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>1,108,966,258<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Operating loss<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>(163,040,055)<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>(202,131,081)<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Nonoperating revenues (expenses)<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">State educational appropriations<\/span><\/td><td class=\"column-2\"><div align=\"right\">182,797,957<\/div><\/td><td class=\"column-3\"><div align=\"right\">169,733,687<\/div><\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Gifts<\/span><\/td><td class=\"column-2\"><div align=\"right\">54,380,178<\/div><\/td><td class=\"column-3\"><div align=\"right\">29,440,777<\/div><\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Grants<\/span><\/td><td class=\"column-2\"><div align=\"right\">51,528,484<\/div><\/td><td class=\"column-3\"><div align=\"right\">32,849,900<\/div><\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Investment income, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">(10,630,633)<\/div><\/td><td class=\"column-3\"><div align=\"right\">12,791,392<\/div><\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Interest expense<\/span><\/td><td class=\"column-2\"><div align=\"right\">(39,045,098)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(37,195,807)<\/div><\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other nonoperating expenses, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">(5,661,671)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(2,383,758)<\/div><\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Net nonoperating revenues<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>233,369,217<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>205,236,191<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Income before other changes in net position<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>70,329,162<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>3,105,110<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Other changes in net position<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Capital gifts and grants<\/span><\/td><td class=\"column-2\"><div align=\"right\">75,191,053<\/div><\/td><td class=\"column-3\"><div align=\"right\">33,713,554<\/div><\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Additions to permanent endowments<\/span><\/td><td class=\"column-2\"><div align=\"right\">26,868,269<\/div><\/td><td class=\"column-3\"><div align=\"right\">19,730,916<\/div><\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Intragovernmental transfers<\/span><\/td><td class=\"column-2\"><div align=\"right\">(5,657,600)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(1,018,137)<\/div><\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Net other changes in net position<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>96,401,722<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>52,426,333<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Increase in net position<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>166,730,884<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>55,531,443<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Net position, beginning of year, as previously reported<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,156,637,263<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,101,105,820<\/div><\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\"> <strong>Net position, end of year<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>$2,323,368,147<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>$2,156,637,263<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><a href=\"https:\/\/afr.ua.edu\/2020\/notes\/\" style=\"text-decoration: none\"><i> <font color=\"#900\">See accompanying notes to financial statements. <\/a><\/font><\/i><\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t <\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t <div role=\"tabpanel\" class=\"tab-pane \" id=\"tabs_desc_709_3\">\r\n\t\t\t\t\t\t\t\t\n<table id=\"tablepress-5\" class=\"tablepress tablepress-id-5\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><font color=\"#900\" size=\"5\"><div align=\"right\">2020<\/font><\/td><td class=\"column-3\"><font color=\"#900\" size=\"5\"> <div align=\"right\">2019<\/font><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Cash flows from operating activities<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Student tuition and fees, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">$509,135,654<\/div><\/td><td class=\"column-3\"><div align=\"right\">$534,435,579<\/div><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Grants and contracts<\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">  Federal<\/span><\/td><td class=\"column-2\"><div align=\"right\">55,258,897<\/div><\/td><td class=\"column-3\"><div align=\"right\">55,169,586<\/div><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">  State<\/span><\/td><td class=\"column-2\"><div align=\"right\">36,095,388<\/div><\/td><td class=\"column-3\"><div align=\"right\">32,045,107<\/div><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">  Local<\/span><\/td><td class=\"column-2\"><div align=\"right\">977,959<\/div><\/td><td class=\"column-3\"><div align=\"right\">966,037<\/div><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">  Private<\/span><\/td><td class=\"column-2\"><div align=\"right\">5,709,516<\/div><\/td><td class=\"column-3\"><div align=\"right\">6,770,688<\/div><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Sales and services of educational activities<\/span><\/td><td class=\"column-2\"><div align=\"right\">10,154,777<\/div><\/td><td class=\"column-3\"><div align=\"right\">12,160,631<\/div><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other receipts<\/span><\/td><td class=\"column-2\"><div align=\"right\">77,449,013<\/div><\/td><td class=\"column-3\"><div align=\"right\">87,407,264<\/div><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Auxiliary enterprises<\/span><\/td><td class=\"column-2\"><div align=\"right\">145,620,207<\/div><\/td><td class=\"column-3\"><div align=\"right\">208,246,359<\/div><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Payments to suppliers<\/span><\/td><td class=\"column-2\"><div align=\"right\">(198,989,069)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(283,862,050)<\/div><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Payments to employees and related benefits<\/span><\/td><td class=\"column-2\"><div align=\"right\">(682,885,335)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(699,780,275)<\/div><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Payments for scholarships and fellowships<\/span><\/td><td class=\"column-2\"><div align=\"right\">(25,129,088)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(21,196,727)<\/div><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Receipts (payments) for student loans<\/span><\/td><td class=\"column-2\"><div align=\"right\">985,362<\/div><\/td><td class=\"column-3\"><div align=\"right\">1,157,899<\/div><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other disbursements<\/span><\/td><td class=\"column-2\"><div align=\"right\">(1,167,492)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(1,250,830)<\/div><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><strong>Net cash used in operating activities<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>(66,784,211)<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>(67,730,732)<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Cash flows from noncapital financing activities<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">State educational appropriations<\/span><\/td><td class=\"column-2\"><div align=\"right\">182,797,957<\/div><\/td><td class=\"column-3\"><div align=\"right\">169,733,687<\/div><\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Private gifts for other than capital purposes<\/span><\/td><td class=\"column-2\"><div align=\"right\">59,870,156<\/div><\/td><td class=\"column-3\"><div align=\"right\">60,678,933<\/div><\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Return of gift<\/span><\/td><td class=\"column-2\"><div align=\"right\">-<\/div><\/td><td class=\"column-3\"><div align=\"right\">(20,000,000)<\/div><\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Grants<\/span><\/td><td class=\"column-2\"><div align=\"right\">49,339,855<\/div><\/td><td class=\"column-3\"><div align=\"right\">32,849,900<\/div><\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Student direct lending receipts<\/span><\/td><td class=\"column-2\"><div align=\"right\">198,493,671<\/div><\/td><td class=\"column-3\"><div align=\"right\">211,280,788<\/div><\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Student direct lending disbursements<\/span><\/td><td class=\"column-2\"><div align=\"right\">(198,767,110)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(211,635,477)<\/div><\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Deposits from affiliates<\/span><\/td><td class=\"column-2\"><div align=\"right\">273,439<\/div><\/td><td class=\"column-3\"><div align=\"right\">354,689<\/div><\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other disbursements, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">(780,506)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(16,536,842)<\/div><\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Intragovernmental transfers<\/span><\/td><td class=\"column-2\"><div align=\"right\">(7,309,756)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(1,654,224)<\/div><\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Borrowings from UA System Pools<\/span><\/td><td class=\"column-2\"><div align=\"right\">-<\/div><\/td><td class=\"column-3\"><div align=\"right\">40,000,000<\/div><\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Repayment to UA System Pools<\/span><\/td><td class=\"column-2\"><div align=\"right\">-<\/div><\/td><td class=\"column-3\"><div align=\"right\">(40,000,000)<\/div><\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Interest payments on UA System Pools borrowings<\/span><\/td><td class=\"column-2\"><div align=\"right\">-<\/div><\/td><td class=\"column-3\"><div align=\"right\">(136,986)<\/div><\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><strong>Net cash provided by noncapital financing activities<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>283,917,706<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>224,934,468<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Cash flows from investing activities<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Interest and dividends on investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">59,136,114<\/div><\/td><td class=\"column-3\"><div align=\"right\">57,990,752<\/div><\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Purchases of investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">(110,633,703)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(377,837,779)<\/div><\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Proceeds from sales and maturities of investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">206,994,536<\/div><\/td><td class=\"column-3\"><div align=\"right\">104,230,420<\/div><\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Payments received on notes receivable<\/span><\/td><td class=\"column-2\"><div align=\"right\">10,138,388<\/div><\/td><td class=\"column-3\"><div align=\"right\">10,976,516<\/div><\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Disbursements from issuance of notes receivable<\/span><\/td><td class=\"column-2\"><div align=\"right\">(3,663,747)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(23,930,211)<\/div><\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\"><strong>Net cash (used in) provided by investing activities<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>161,971,588<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>(228,570,302)<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Cash flows from capital and related financing activities<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Proceeds from issuance of notes and bonds payable<\/span><\/td><td class=\"column-2\"><div align=\"right\">-<\/div><\/td><td class=\"column-3\"><div align=\"right\">520,932,888<\/div><\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Capital gifts, grants and contracts<\/span><\/td><td class=\"column-2\"><div align=\"right\">33,158,420<\/div><\/td><td class=\"column-3\"><div align=\"right\">44,620,836<\/div><\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Purchases of capital assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">(272,785,330)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(149,377,332)<\/div><\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Principal payments on capital debt<\/span><\/td><td class=\"column-2\"><div align=\"right\">(40,328,249)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(30,635,933)<\/div><\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Defeasance of debt<\/span><\/td><td class=\"column-2\"><div align=\"right\">-<\/div><\/td><td class=\"column-3\"><div align=\"right\">(236,378,668)<\/div><\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Interest payments on capital debt<\/span><\/td><td class=\"column-2\"><div align=\"right\">(41,846,522)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(42,359,442)<\/div><\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Intragovernmental transfers<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,726,379<\/div><\/td><td class=\"column-3\"><div align=\"right\">1,181,164<\/div><\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\"><strong>Net cash provided by (used in) capital and related financing activities<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>(319,075,302)<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>107,983,513<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\"><strong>Net increase in cash and cash equivalents<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>60,029,781<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>36,616,947<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-54\">\n\t<td class=\"column-1\"> <strong>Cash and cash equivalents, beginning of year<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>115,400,751<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>78,783,804<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-55\">\n\t<td class=\"column-1\"> <strong>Cash and cash equivalents, end of year<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>$175,430,532<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>$115,400,751<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-56\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-57\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-58\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Reconciliation of cash and cash equivalencies to the statements of net position <\/font><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-59\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unrestricted cash and cash equivalents-current <\/span><\/td><td class=\"column-2\"><div align=\"right\">$156,722,199<\/div><\/td><td class=\"column-3\"><div align=\"right\">$108,110,486<\/div><\/td>\n<\/tr>\n<tr class=\"row-60\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted cash and cash equivalencies-current and noncurrent <\/span><\/td><td class=\"column-2\"><div align=\"right\">18,708,333<\/div><\/td><td class=\"column-3\"><div align=\"right\">7,290,265<\/div><\/td>\n<\/tr>\n<tr class=\"row-61\">\n\t<td class=\"column-1\">Total cash and cash equivalents<\/td><td class=\"column-2\"><div align=\"right\">$175,430,532<\/div><\/td><td class=\"column-3\"><div align=\"right\">$115,400,751<\/div><\/td>\n<\/tr>\n<tr class=\"row-62\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-63\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Reconciliation of operating loss to net cash used in operating activities <\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-64\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Operating loss<\/span><\/td><td class=\"column-2\"><div align=\"right\">$ (163,040,055)<\/div><\/td><td class=\"column-3\"><div align=\"right\">$ (202,131,081)<\/div><\/td>\n<\/tr>\n<tr class=\"row-65\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Adjustments to reconcile operating loss to net cash used in operating activities<\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-66\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\">Depreciation expense<\/span><\/td><td class=\"column-2\"><div align=\"right\">81,695,869<\/div><\/td><td class=\"column-3\"><div align=\"right\">78,865,931<\/div><\/td>\n<\/tr>\n<tr class=\"row-67\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\">Pension expense<\/span><\/td><td class=\"column-2\"><div align=\"right\">82,167,334<\/div><\/td><td class=\"column-3\"><div align=\"right\">64,529,757<\/div><\/td>\n<\/tr>\n<tr class=\"row-68\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\">OPEB expense<\/span><\/td><td class=\"column-2\"><div align=\"right\">(9,175,222)<\/div><\/td><td class=\"column-3\"><div align=\"right\">21,515,249<\/div><\/td>\n<\/tr>\n<tr class=\"row-69\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\">Bad debt expense<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,674,293<\/div><\/td><td class=\"column-3\"><div align=\"right\">(894,535)<\/div><\/td>\n<\/tr>\n<tr class=\"row-70\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\">Closing costs at sale of CTF airplane<\/span><\/td><td class=\"column-2\"><div align=\"right\">50,025<\/div><\/td><td class=\"column-3\"><div align=\"right\">-<\/div><\/td>\n<\/tr>\n<tr class=\"row-71\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\">Changes in assets and liabilities <\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-72\">\n\t<td class=\"column-1\"><span style=\"margin-left: 90px\">Accounts and other receivables<\/span><\/td><td class=\"column-2\"><div align=\"right\">(2,518,620)<\/div><\/td><td class=\"column-3\"><div align=\"right\">5,191,364<\/div><\/td>\n<\/tr>\n<tr class=\"row-73\">\n\t<td class=\"column-1\"><span style=\"margin-left: 90px\">Inventories and other assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">8,849,230<\/div><\/td><td class=\"column-3\"><div align=\"right\">(4,194,161)<\/div><\/td>\n<\/tr>\n<tr class=\"row-74\">\n\t<td class=\"column-1\"><span style=\"margin-left: 90px\">Pension obligations<\/span><\/td><td class=\"column-2\"><div align=\"right\">(52,175,581)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(51,222,334)<\/div><\/td>\n<\/tr>\n<tr class=\"row-75\">\n\t<td class=\"column-1\"><span style=\"margin-left: 90px\">  OPEB obligations<\/span><\/td><td class=\"column-2\"><div align=\"right\">(8,450,780)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(8,214,794)<\/div><\/td>\n<\/tr>\n<tr class=\"row-76\">\n\t<td class=\"column-1\"><span style=\"margin-left: 90px\">  Accounts payable and accrued liabilities<\/span><\/td><td class=\"column-2\"><div align=\"right\">20,779,431<\/div><\/td><td class=\"column-3\"><div align=\"right\">1,294,613<\/div><\/td>\n<\/tr>\n<tr class=\"row-77\">\n\t<td class=\"column-1\"><span style=\"margin-left: 90px\">  Unearned revenue<\/span><\/td><td class=\"column-2\"><div align=\"right\">(30,697,806)<\/div><\/td><td class=\"column-3\"><div align=\"right\">29,064,995<\/div><\/td>\n<\/tr>\n<tr class=\"row-78\">\n\t<td class=\"column-1\"><span style=\"margin-left: 90px\">Deposits<\/span><\/td><td class=\"column-2\"><div align=\"right\">4,057,671<\/div><\/td><td class=\"column-3\"><div align=\"right\">(1,535,736)<\/div><\/td>\n<\/tr>\n<tr class=\"row-79\">\n\t<td class=\"column-1\"><strong>Net cash used in operating activities<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>(66,784,211)<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>(67,730,732)<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-80\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-81\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Supplemental noncash activities information<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-82\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Gift of capital assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">$46,534<\/div><\/td><td class=\"column-3\"><div align=\"right\">$3,345,848<\/div><\/td>\n<\/tr>\n<tr class=\"row-83\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Change in accrued capital asset purchases<\/span><\/td><td class=\"column-2\"><div align=\"right\">7,540,238<\/div><\/td><td class=\"column-3\"><div align=\"right\">(3,099,069)<\/div><\/td>\n<\/tr>\n<tr class=\"row-84\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Loss on the disposal of capital assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">190,095<\/div><\/td><td class=\"column-3\"><div align=\"right\">(1,017,317)<\/div><\/td>\n<\/tr>\n<tr class=\"row-85\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Non-cash transfer of funds from the STLP ot the LCRP<\/span><\/td><td class=\"column-2\"><div align=\"right\">252,128,187<\/div><\/td><td class=\"column-3\"><div align=\"right\">-<\/div><\/td>\n<\/tr>\n<tr class=\"row-86\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Crimson Tide Foundation<\/span><\/td><td class=\"column-2\"><div align=\"right\">9,497,634<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,870,321<\/div><\/td>\n<\/tr>\n<tr class=\"row-87\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-88\">\n\t<td class=\"column-1\"><a href=\"https:\/\/afr.ua.edu\/2020\/notes\/\" style=\"text-decoration: none\"><i> <font color=\"#900\">See accompanying notes to financial statements. <\/a><\/font><\/i><\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t <\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t <div role=\"tabpanel\" class=\"tab-pane \" id=\"tabs_desc_709_4\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h3 style=\"margin-bottom:20px;display:block;width:100%;margin-top:10px\">Summary of Discretely Presented Component Units <\/h3>\r\n\t\t\t\t\t\t<style>\r\n\t\t\t\t<style>\r\n#wpsm_accordion_331 .wpsm_panel-heading{\r\n\tpadding:0px !important;\r\n}\r\n#wpsm_accordion_331 .wpsm_panel-title {\r\n\tmargin:0px !important; \r\n\ttext-transform:none !important;\r\n\tline-height: 1 !important;\r\n}\r\n#wpsm_accordion_331 .wpsm_panel-title a{\r\n\ttext-decoration:none;\r\n\toverflow:hidden;\r\n\tdisplay:block;\r\n\tpadding:0px;\r\n\tfont-size: 18px !important;\r\n\tfont-family: Open Sans !important;\r\n\tcolor:#ffffff !important;\r\n\tborder-bottom:0px !important;\r\n}\r\n\r\n#wpsm_accordion_331 .wpsm_panel-title a:focus {\r\noutline: 0px !important;\r\n}\r\n\r\n#wpsm_accordion_331 .wpsm_panel-title a:hover, #wpsm_accordion_331 .wpsm_panel-title a:focus {\r\n\tcolor:#ffffff !important;\r\n}\r\n#wpsm_accordion_331 .acc-a{\r\n\tcolor: #ffffff !important;\r\n\tbackground-color:#9e1b32 !important;\r\n\tborder-color: #ddd;\r\n}\r\n#wpsm_accordion_331 .wpsm_panel-default > .wpsm_panel-heading{\r\n\tcolor: #ffffff !important;\r\n\tbackground-color: #9e1b32 !important;\r\n\tborder-color: #9e1b32 !important;\r\n\tborder-top-left-radius: 0px;\r\n\tborder-top-right-radius: 0px;\r\n}\r\n#wpsm_accordion_331 .wpsm_panel-default {\r\n\t\tborder:1px solid transparent !important;\r\n\t}\r\n#wpsm_accordion_331 {\r\n\tmargin-bottom: 20px;\r\n\toverflow: hidden;\r\n\tfloat: none;\r\n\twidth: 100%;\r\n\tdisplay: block;\r\n}\r\n#wpsm_accordion_331 .ac_title_class{\r\n\tdisplay: block;\r\n\tpadding-top: 12px;\r\n\tpadding-bottom: 12px;\r\n\tpadding-left: 15px;\r\n\tpadding-right: 15px;\r\n}\r\n#wpsm_accordion_331  .wpsm_panel {\r\n\toverflow:hidden;\r\n\t-webkit-box-shadow: 0 0px 0px rgba(0, 0, 0, .05);\r\n\tbox-shadow: 0 0px 0px rgba(0, 0, 0, .05);\r\n\t\tborder-radius: 4px;\r\n\t}\r\n#wpsm_accordion_331  .wpsm_panel + .wpsm_panel {\r\n\t\tmargin-top: 5px;\r\n\t}\r\n#wpsm_accordion_331  .wpsm_panel-body{\r\n\tbackground-color:#ffffff !important;\r\n\tcolor:#000000 !important;\r\n\tborder-top-color: #9e1b32 !important;\r\n\tfont-size:16px !important;\r\n\tfont-family: Open Sans !important;\r\n\toverflow: hidden;\r\n\t\tborder: 2px solid transparent !important;\r\n\t}\r\n\r\n#wpsm_accordion_331 .ac_open_cl_icon{\r\n\tbackground-color:#9e1b32 !important;\r\n\tcolor: #ffffff !important;\r\n\tfloat:left !important;\r\n\tpadding-top: 12px !important;\r\n\tpadding-bottom: 12px !important;\r\n\tline-height: 1.0 !important;\r\n\tpadding-left: 15px !important;\r\n\tpadding-right: 15px !important;\r\n\tdisplay: inline-block !important;\r\n}\r\n\r\n\t\t\t\r\n\t\t\t<\/style>\t\r\n\t\t\t<\/style>\r\n\t\t\t<div class=\"wpsm_panel-group\" id=\"wpsm_accordion_331\" >\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"\"  data-toggle=\"collapse\" data-parent=\"\" href=\"javascript:void(0)\" data-target=\"#ac_331_collapse1\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tStatements of Net Position\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_331_collapse1\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t\n<table id=\"tablepress-6\" class=\"tablepress tablepress-id-6\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><font color=\"#900\" size=\"5\">  <div align=\"right\">2020<\/font><\/div><\/td><td class=\"column-3\"><font color=\"#900\" size=\"5\">  <div align=\"right\">2019<\/font><\/div><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Assets<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Current assets<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unrestricted cash and cash equivalents<\/span><\/td><td class=\"column-2\"><div align=\"right\">$18,160,190<\/div><\/td><td class=\"column-3\"><div align=\"right\">$2,277,826<\/div><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted cash and cash equivalents<\/span><\/td><td class=\"column-2\"><div align=\"right\">29,370,187<\/div><\/td><td class=\"column-3\"><div align=\"right\">26,791,291<\/div><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Short-term investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">8,375,306<\/div><\/td><td class=\"column-3\"><div align=\"right\">30,168,658<\/div><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Accounts receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">3,985,585<\/div><\/td><td class=\"column-3\"><div align=\"right\">3,210,256<\/div><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of notes receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,156,193<\/div><\/td><td class=\"column-3\"><div align=\"right\">1,330,604<\/div><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of pledges receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">325,595<\/div><\/td><td class=\"column-3\"><div align=\"right\">229,839<\/div><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Inventories<\/span><\/td><td class=\"column-2\"><div align=\"right\">477,968<\/div><\/td><td class=\"column-3\"><div align=\"right\">808,180<\/div><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Prepaid expenses and unearned scholarships<\/span><\/td><td class=\"column-2\"><div align=\"right\">164,258<\/div><\/td><td class=\"column-3\"><div align=\"right\">112,473<\/div><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other current assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">10,714<\/div><\/td><td class=\"column-3\"><div align=\"right\">1,635<\/div><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Due from The University of Alabama<\/span><\/td><td class=\"column-2\"><div align=\"right\">331,891<\/div><\/td><td class=\"column-3\"><div align=\"right\">153,603<\/div><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"><strong>Total current assets<\/span><\/td><td class=\"column-2\"><div align=\"right\"><strong>62,357,887<\/div><\/td><td class=\"column-3\"><div align=\"right\"><strong>65,084,365<\/div><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Noncurrent assets<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted cash and cash equivalents<\/span><\/td><td class=\"column-2\"><div align=\"right\">6,230,169<\/div><\/td><td class=\"column-3\"><div align=\"right\">6,230,169<\/div><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Endowment investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">95,385,054<\/div><\/td><td class=\"column-3\"><div align=\"right\">102,320,540<\/div><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other long-term investments<\/span><\/td><td class=\"column-2\"><div align=\"right\">41,261,087<\/div><\/td><td class=\"column-3\"><div align=\"right\">30,678,862<\/div><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Pledges receivable, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">387,237<\/div><\/td><td class=\"column-3\"><div align=\"right\">198,185<\/div><\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Capital assets, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">68,640,407<\/div><\/td><td class=\"column-3\"><div align=\"right\">70,979,349<\/div><\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other noncurrent assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">96,400<\/div><\/td><td class=\"column-3\"><div align=\"right\">161,697<\/div><\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total noncurrent assets<\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>212,000,354<\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>210,568,802<\/div><\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total assets<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>274,358,241<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>275,653,167<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"><strong>Deferred outflows of resources<\/font><\/strong><\/td><td class=\"column-2\"><div align=\"right\"><strong>9,140,088<\/div><\/td><td class=\"column-3\"><div align=\"right\"><strong>10,002,88\/7<\/div><\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\"><strong>Total assets and deferred outflows of resources<\/font><\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>$283,498,329<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>$285,656,054<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Liabilities<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Current liabilities<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Accounts payable and accrued liabilities<\/span><\/td><td class=\"column-2\"><div align=\"right\">$1,471,542<\/div><\/td><td class=\"column-3\"><div align=\"right\">$2,308,364<\/div><\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unearned revenue<\/span><\/td><td class=\"column-2\"><div align=\"right\">4,237,068<\/div><\/td><td class=\"column-3\"><div align=\"right\">4,355,862<\/div><\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Current portion of long-term debt<\/span><\/td><td class=\"column-2\"><div align=\"right\">3,871,564<\/div><\/td><td class=\"column-3\"><div align=\"right\">3,811,401<\/div><\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Due to The University of Alabama<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,910,795<\/div><\/td><td class=\"column-3\"><div align=\"right\">4,335,546<\/div><\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Total current liabilities<\/span><\/td><td class=\"column-2\"><div align=\"right\">12,490,969<\/div><\/td><td class=\"column-3\"><div align=\"right\">14,811,173<\/div><\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">Noncurrent liabilities<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other liabilities<\/span><\/td><td class=\"column-2\"><div align=\"right\">4,310,102<\/div><\/td><td class=\"column-3\"><div align=\"right\">4,349,025<\/div><\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Long-term debt, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">82,759,592<\/div><\/td><td class=\"column-3\"><div align=\"right\">86,631,156<\/div><\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Due to The University of Alabama<\/span><\/td><td class=\"column-2\"><div align=\"right\">8,393,219<\/div><\/td><td class=\"column-3\"><div align=\"right\">8,759,217<\/div><\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"><strong>Total noncurrent liabilities<\/span><\/td><td class=\"column-2\"><div align=\"right\"><strong>95,462,913<\/div><\/td><td class=\"column-3\"><div align=\"right\"><strong>99,739,398<\/div><\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total liabilities<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>107,953,882<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>114,550,571<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\">Deferred inflows of resources<\/font><\/td><td class=\"column-2\"><div align=\"right\"><strong>4,500,000<\/div><\/td><td class=\"column-3\"><div align=\"right\"><strong>4,500,000<\/div><\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Net position<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Net investment in capital assets<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,106,067<\/div><\/td><td class=\"column-3\"><div align=\"right\">876,125<\/div><\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Restricted<\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Nonexpendable<\/span><\/td><td class=\"column-2\"><div align=\"right\">64,916,955<\/div><\/td><td class=\"column-3\"><div align=\"right\">62,026,760<\/div><\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\">Expendable<\/span><\/td><td class=\"column-2\"><div align=\"right\">31,662,956<\/div><\/td><td class=\"column-3\"><div align=\"right\">34,588,080<\/div><\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Unrestricted<\/span><\/td><td class=\"column-2\"><div align=\"right\">73,358,469<\/div><\/td><td class=\"column-3\"><div align=\"right\">69,114,518<\/div><\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\"><span style=\"margin-left: 80px\"> <strong>Total net position<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>171,044,447<\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>166,605,483<\/div><\/td>\n<\/tr>\n<tr class=\"row-54\">\n\t<td class=\"column-1\"> <strong>Total liabilities, deferred inflows of resources, and net position<\/strong><\/td><td class=\"column-2\"><div align=\"right\"> <strong>$283,498,329<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>$285,656,054<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-55\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-56\">\n\t<td class=\"column-1\"><a href=\"https:\/\/afr.ua.edu\/2020\/notes\/\" style=\"text-decoration: none\"><i> <font color=\"#900\">See accompanying notes to financial statements. <\/a><\/font><\/i><\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"\" href=\"javascript:void(0)\" data-target=\"#ac_331_collapse2\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\tStatements of Revenues, Expenses and Changes in Net Position\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_331_collapse2\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\t\n<table id=\"tablepress-7\" class=\"tablepress tablepress-id-7\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><font color=\"#900\" size=\"5\"><div align=\"right\">2020<\/font> <\/td><td class=\"column-3\"><font color=\"#900\" size=\"5\"><div align=\"right\">2019<\/font> <\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Operating revenues<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Gifts<\/span><\/td><td class=\"column-2\"><div align=\"right\">$10,531,504<\/div><\/td><td class=\"column-3\"><div align=\"right\">$7,515,573<\/div><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other operating revenues<\/span><\/td><td class=\"column-2\"><div align=\"right\">36,306,535<\/div><\/td><td class=\"column-3\"><div align=\"right\">38,220,520<\/div><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"> <strong><span style=\"margin-left: 60px\">Total operating revenues<\/span><\/td><td class=\"column-2\"> <strong><div align=\"right\">46,838,039<\/div><\/td><td class=\"column-3\"> <strong><div align=\"right\">45,736,093<\/div><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Operating expenses<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Salaries, wages and benefits<\/span><\/td><td class=\"column-2\"><div align=\"right\">16,506,739<\/div><\/td><td class=\"column-3\"><div align=\"right\">15,757,658<\/div><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Supplies and services<\/span><\/td><td class=\"column-2\"><div align=\"right\">11,853,478<\/div><\/td><td class=\"column-3\"><div align=\"right\">12,922,932<\/div><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Depreciation<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,492,942<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,494,079<\/div><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Scholarships and fellowships<\/span><\/td><td class=\"column-2\"><div align=\"right\">4,005,271<\/div><\/td><td class=\"column-3\"><div align=\"right\">3,328,115<\/div><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Contributed services from affiliate<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,458,395<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,334,035<\/div><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Total operating expenses<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>37,316,825<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>36,836,819<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Operating income<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>9,521,214<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>8,899,274<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><font color=\"#900\" size=\"4\"> Nonoperating revenues (expenses)<\/font> <\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Investment income, net<\/span><\/td><td class=\"column-2\"><div align=\"right\">(2,887,198)<\/div><\/td><td class=\"column-3\"><div align=\"right\">5,297,381<\/div><\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Interest expense<\/span><\/td><td class=\"column-2\"><div align=\"right\">(3,262,941)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(3,320,447)<\/div><\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Contributions to The University of Alabama<\/span><\/td><td class=\"column-2\"><div align=\"right\">(2,766,075)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(6,162,461)<\/div><\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Change in value of split-interest agreements<\/span><\/td><td class=\"column-2\"><div align=\"right\">(481,564)<\/div><\/td><td class=\"column-3\"><div align=\"right\">411,854<\/div><\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Contributed services from affiliate<\/span><\/td><td class=\"column-2\"><div align=\"right\">2,458,395<\/div><\/td><td class=\"column-3\"><div align=\"right\">2,334,035<\/div><\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\">Other nonoperating expenses<\/span><\/td><td class=\"column-2\"><div align=\"right\">(7,300)<\/div><\/td><td class=\"column-3\"><div align=\"right\">(7,162)<\/div><\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Net nonoperating (expenses) revenues<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>(6,946,683)<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>(1,446,800)<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong>Increase before other changes in net position<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>2,574,531<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>7,452,474<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"> <font size=\"4\">Other changes in net position<\/font><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\"> <span style=\"margin-left: 40px\">Additions and other adjustments to permanent endowments<\/span><\/td><td class=\"column-2\"><div align=\"right\">1,864,434<\/div><\/td><td class=\"column-3\"><div align=\"right\">233,691<\/div><\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\"><span style=\"margin-left: 60px\"> <strong> Increase in net position<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>4,438,965<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>7,686,165<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\"> <strong>Net position, beginning of year<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>166,605,482<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>158,919,318<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\"><span style=\"margin-left: 40px\"> <strong>Net position, end of year<\/strong><\/span><\/td><td class=\"column-2\"><div align=\"right\"> <strong>$171,044,447<\/strong><\/div><\/td><td class=\"column-3\"><div align=\"right\"> <strong>$166,605,483<\/strong><\/div><\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><a href=\"https:\/\/afr.ua.edu\/2020\/notes\/\" style=\"text-decoration: none\"><i> <font color=\"#900\">See accompanying notes to financial statements. <\/a><\/font><\/i><\/span><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\r\n<script type=\"text\/javascript\">\r\n\t\r\n\t\tfunction do_resize(){\r\n\r\n\t\t\tvar width=jQuery( '.wpsm_panel .wpsm_panel-body iframe' ).width();\r\n\t\t\tvar height=jQuery( '.wpsm_panel .wpsm_panel-body iframe' ).height();\r\n\r\n\t\t\tvar toggleSize = 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