FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

Financial Highlights For the years ended June 30, 2018—2022 (all dollars are in millions; square feet in thousands)

2017-18

2018-19

2019-20

2020-21 (restated)

2021-22

Revenues, Expenses, and Changes in Net Position Operating revenues

$ 1,099.9

$ 1,160.4

$ 1,188.8

$ 1,162.3

$ 1,311.6

Operating expenses Operating loss (1)

1,423.4 1,467.9 1,549.8 1,509.5 1,638.7

(323.5)

(307.5)

(361.0)

(347.2)

(327.1)

Non-operating revenues and expenses (1) Other revenues, expenses, gains or losses

363.5 51.8

360.0 78.0

382.4 101.1

517.8 130.3

436.2 199.7 308.8

Net increase in net position

$

91.8 $

130.5 $

122.5 $

300.9 $

University Net Position Net investment in capital assets

$ 1,273.2

$ 1,326.1

$ 1,437.6

$ 1,521.3

$ 1,704.4

Restricted Unrestricted

$

212.5

$

214.9

$

213.5

$

251.7 42.1

$ $

259.1 160.4

$ (226.4) $ (150.7) $ (135.6) $

Assets and Facilities Total university assets

$ 2,632.9 $ 1,731.9

$ 2,757.2 $ 1,786.0

$ 2,889.4 $ 1,936.1

$ 3,291.9 $ 2,112.5

$ 3,565.3 $ 2,279.7

Capital assets, net of accumulated depreciation

Facilities—owned gross square feet Facilities—leased square feet

11,669 2,067

11,735 2,204

11,855 2,273

12,273 2,134

12,373 2,146

Sponsored Programs Number of awards received Value of awards received

2,533

2,364

2,391

2,328

2,097

$ $

336.8 531.6

$ $

323.7 542.0

$ $

367.7 556.3

$ $

349.3 542.0

$

390.3

Research expenditures reported to NSF (2)

N/A

Virginia Tech Foundation Gifts and bequests received

$ $

130.4 179.6

$ $

137.0 170.0

$ $

163.5 180.7

$ $

177.0 155.8

$ $

203.3 242.2

Expended in support of the university Total assets and managed funds

$ 1,891.0

$ 2,107.1

$ 2,266.0

$ 2,687.6

$ 2,667.8

Endowments (at market value) Owned by Virginia Tech Foundation (VTF) Owned by Virginia Tech (held with VTF) Managed by VTF under agency agreements Total endowments supporting the university Student Financial Aid Number of students receiving financial aid Loans

$

849.9 286.7

$

970.1 378.4

$

932.4 397.0

$ 1,184.7

$ 1,167.3

495.6 10.1

507.9

9.5

9.5

8.5

9.6

$ 1,146.1 $ 1,358.0 $ 1,337.9 $ 1,690.4 $ 1,684.8

12,947 19,493 11,193

13,075 19,484 12,717

13,267 20,548 12,430

13,140 20,606 9,747

12,894 20,179 11,693

Grants, scholarships and waivers Employment opportunities Total amounts by major category Loans Grants, scholarships and waivers Employment opportunities

$

181.3 215.6 89.5

$

191.9 227.7 92.3

$

200.2 243.5 94.7

$

202.4 251.0

$

206.5 265.9 101.6 574.0

94.4

Total financial aid

$

486.4 $

511.9 $

538.4 $

547.8 $

(1) The university will always be expected to show an operating loss since significant recurring revenues are shown as non-operating. Major revenue sources reported as non-operating include state appropriations, gifts, and investment income. These revenue sources are used for general operations in support of the learning, discovery, and engagement missions of the university. (2) Total research expenditures reported to the National Science Foundation for the current year were not available at publication date.