FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

Statement of Cash Flows For the year ended June 30, 2022, with comparative financial information as of June 30, 2021 (all dollars in thousands)

2022

2021 (restated)

Cash flows from operating activities Tuition and fees

$

610,867 $

575,082 13,783 312,336 22,988 222,385

Federal appropriations Grants and contracts

15,612 341,809 29,161 299,839

Sales and services of education departments

Auxiliary enterprise charges Other operating receipts Payments for operating expenses

9,257

8,817

(423,941) (1,092,881)

(344,527) (991,699) (31,849)

Payments to employees and fringe benefits Payments for scholarships and fellowships

(45,279) (3,232)

Loans issued to students

(4,566)

Collection of loans to students

3,095

3,426

Direct lending receipts

148,432

149,337

Direct lending disbursements

(148,432)

(149,337)

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

125,852

124,615

(126,966) (256,807)

(124,051) (213,260)

Net cash used by operating activities

Cash flows from noncapital financing activities State appropriations

326,419

311,833

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

2,421

1,335

22,722 78,405 53,209 483,176

22,078 68,983 41,815 446,044

Other non-operating receipts

Net cash provided by noncapital financing activities

Cash flows from capital financing activities Capital appropriations

11,302 168,325

-

Gifts and grants for capital assets Proceeds from issuance capital debt Proceeds from the sale of capital assets Acquisition and construction of capital assets

129,641 92,501

-

6,228

4,441

(267,791)

(223,917) (32,694) (44,552) (20,752) (95,332)

Proceeds from short-term financing

25,079

Principal paid on capital-related debt and long-term leases Interest paid on capital-related debt and long-term leases

(37,632) (19,258) (113,747)

Net cash used by capital financing activities

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

1,061,668

1,935,203

Interest on investments Purchases of investments

4,818

3,349

(1,158,736)

(1,975,745)

Net cash used by investing activities

(92,250)

(37,193)

Net increase in cash and cash equivalents

20,372

100,259

Cash and cash equivalents - beginning of year

300,946

200,687

$

321,318

$

300,946

Cash and cash equivalents - end of year

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

Financial Statements 18