Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025

Statement of Cash Flows For the year ended June 30, 2025 with comparative financial information for the year ended June 30, 2024 (all dollars in thousands)

2025

2024 (restated)

Cash flows from operating activities Tuition and fees

$

677,335 $

683,642 17,235 439,902 33,606 367,521

Federal appropriations Grants and contracts

16,884 472,474 35,246 394,366 15,980

Sales and services of education departments

Auxiliary enterprise charges Other operating receipts Payments for operating expenses

9,034

(572,820) (1,387,930)

(494,410) (1,300,987)

Payments to employees and fringe benefits Payments for scholarships and fellowships

(13,361)

(37,839) (5,157)

Loans issued to students

(861)

Collection of loans to students

1,019

1,503

Direct lending receipts

164,068

169,567

Direct lending disbursements

(164,033)

(169,597)

Scholarship and other miscellaneous custodial receipts Scholarship and other miscellaneous custodial disbursements

155,827

153,901

(151,238) (357,044)

(148,457) (280,536)

Net cash used by operating activities

Cash flows from noncapital financing activities State appropriations

455,763

403,160

Non operating grants and contracts Federal student financial aid (Pell) Gifts for other than capital purposes

586

263

33,504 118,212

26,820 106,261

Other non-operating receipts

6

1

Net cash provided by noncapital financing activities

608,071

536,505

Cash flows from capital financing activities Capital appropriations Proceeds from the sale of capital assets Acquisition and construction of capital assets Proceeds (payments) short-term financing Gifts for capital assets

54,350 42,862

42,238 128,693 16,864

804

(231,641)

(387,477)

(919)

(827)

Principal paid on capital-related debt Interest paid on capital-related debt

(67,517) (26,141) (228,202)

(60,763) (28,229) (289,501)

Net cash used by capital financing activities

Cash flows from investing activities Proceeds from sales and maturities of investments

667,992 35,573

660,524 33,264

Interest on investments Purchases of investments

(667,221)

(652,085)

Net cash used by investing activities

36,344

41,703

Net increase in cash and cash equivalents

59,169

8,171

Cash and cash equivalents - Beginning of year

364,665

356,494

Cash and cash equivalents - End of year

$

423,834 $

364,665

The accompanying Notes to Financial Statements are an integral part of this statement.

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