Historical Revenue, Balance Sheet, and Selected Data (1998-2022)
Operating Revenue Line Items ($ millions)
| Fiscal Year | 1998 | 1999 | 2000* | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018¹ | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Student Related** | 125.7 | 134.9 | 145.2 | 157.4 | 164.2 | 177.5 | 166.8 | 159.6 | 163.9 | 177.8 | 187.4 | 207.3 | 216.6 | 220.3 | 229.2 | 242.3 | 252.3 | 258.3 | 263.3 | 280.1 | 286.2 | 316.7 | 317.4 | 279.9 | 287.9 |
| Gifts | 16.6 | 27.0 | 31.0 | 39.1 | 38.6 | 33.9 | 53.2 | 32.8 | 27.7 | 54.4 | 33.6 | 24.7 | 25.5 | 26.2 | 22.5 | 23.7 | 25.0 | 25.5 | 22.2 | 23.2 | 34.5 | 25.9 | 21.1 | 24.1 | 22.4 |
| Research (G&C) | 43.7 | 44.1 | 48.5 | 47.5 | 47.3 | 55.0 | 65.3 | 74.2 | 74.1 | 84.4 | 83.7 | 91.4 | 86.4 | 92.8 | 98.3 | 98.5 | 89.5 | 94.8 | 77.8 | 74.7 | 78.0 | 84.4 | 111.4 | 88.0 | 89.9 |
| Inv. Returns Realized | 20.1 | 20.8 | 23.4 | 26.3 | 30.4 | 37.1 | 35.3 | 53.9 | 63.6 | 65.9 | 69.6 | 61.3 | 51.7 | 49.7 | 54.1 | 38.8 | 29.4 | 28.9 | 29.5 | 30.2 | 30.6 | 31.3 | 31.3 | 35.2 | 32.6 |
| Other | 11.6 | 11.2 | 14.7 | 13.6 | 16.1 | 15.4 | 13.0 | 13.6 | 12.8 | 12.0 | 15.9 | 13.7 | 11.7 | 11.1 | 10.8 | 4.8 | 7.3 | 6.1 | 11.9 | 5.9 | 10.9 | 7.0 | 7.6 | 7.8 | 5.6 |
| Total Operating Revenue | 217.7 | 238.0 | 262.9 | 283.8 | 296.6 | 318.9 | 333.6 | 334.1 | 342.1 | 394.5 | 390.2 | 398.4 | 391.9 | 400.1 | 414.9 | 408.1 | 403.5 | 413.6 | 404.7 | 414.1 | 440.2 | 465.3 | 488.8 | 434.9 | 438.4 |
| G&C as % of Total Op. Rev. | 20.1 | 18.5 | 18.4 | 16.7 | 15.9 | 17.3 | 19.6 | 22.2 | 21.7 | 21.4 | 21.5 | 22.9 | 22.1 | 23.2 | 23.7 | 24.1 | 22.1 | 22.9 | 19.2 | 18.0 | 17.7 | 18.1 | 22.8 | 20.2 | 20.5 |
| Backlog of G&C ($millions) | 31.9 | 36.6 | 33.5 | 81.7 | 87.6 | 81.5 | 83.9 | 84.0 | 76.6 | 95.9 | 102.7 | 107.9 | 92.5 | 96.4 | 87.0 | 90.5 | 94.4 | 97.8 | 93.6 | 95.0 | 83.3 | 57.9 | |||
| Undergrad Tuition Disc.% | 39.5 | 38.8 | 41.2 | 42.4 | 44.9 | 45.8 | 44.1 | 43.9 | 42.5 | 40.7 | 39.6 | 39.8 | 40.4 | 41.8 | 43.1 | 45.5 | 46.0 | N/A² | N/A² | N/A² | N/A² |
Selected Balance Sheet Data ($ millions)
| Fiscal Year | 1998 | 1999 | 2000* | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018¹ | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Equivalents | 21.1 | 18.5 | 22.5 | 45.4 | 52.6 | 37.0 | 21.8 | 6.7 | 10.5 | 7.6 | 4.1 | 2.7 | 8.1 | 9.0 | 10.2 | 10.4 | 3.3 | 15.7 | 6.1 | 1.5 | 1.5 | 17.6 | 23.8 | 51.0 | 62.7 |
| Investments | 497.4 | 564.6 | 756.1 | 632.5 | 539.9 | 519.5 | 587.8 | 648.0 | 702.7 | 835.4 | 807.9 | 616.6 | 636.9 | 627.5 | 587.7 | 616.4 | 665.2 | 681.3 | 639.6 | 684.3 | 723.4 | 742.2 | 744.0 | 1,085.0 | 874.3 |
| Total Assets (T/A) | 838.5 | 936.9 | 1,145.6 | 1,032.4 | 1,139.1 | 1,123.4 | 1,216.0 | 1,270.3 | 1,374.4 | 1,540.3 | 1,661.4 | 1,489.7 | 1,528.8 | 1,500.5 | 1,425.3 | 1,432.5 | 1,459.5 | 1,492.0 | 1,435.5 | 1,470.4 | 1,507.5 | 1,535.3 | 1,603.9 | 1,919.0 | 1,672.4 |
| Total Liabilities (T/L) | 194.1 | 208.9 | 203.7 | 228.4 | 407.9 | 494.1 | 482.4 | 506.8 | 586.5 | 609.9 | 827.8 | 954.6 | 1,006.8 | 984.5 | 1,047.3 | 1,005.6 | 988.3 | 1,049.2 | 1,062.2 | 1,019.3 | 973.1 | 987.0 | 1,076.5 | 981.4 | 917.6 |
| (T/L as percent of T/A) | 23.1 | 22.3 | 17.8 | 22.1 | 35.8 | 44.0 | 39.7 | 39.9 | 42.7 | 39.6 | 49.8 | 64.1 | 65.9 | 65.6 | 73.5 | 70.2 | 67.7 | 70.3 | 74.0 | 69.3 | 64.6 | 64.3 | 67.1 | 51.1 | 54.9 |
| Net Assets (N/A) "Equity" | 644.4 | 728.1 | 941.9 | 804 | 731.2 | 629.3 | 733.6 | 763.5 | 787.9 | 930.3 | 833.7 | 535.0 | 521.9 | 516.0 | 378.0 | 426.8 | 471.1 | 443.7 | 373.4 | 451.1 | 534.3 | 548.2 | 527.3 | 937.9 | 754.8 |
| (N/A as percent of T/A) | 76.9 | 77.7 | 82.2 | 77.9 | 64.2 | 56.0 | 60.3 | 60.1 | 57.3 | 60.4 | 50.2 | 35.9 | 34.1 | 34.4 | 26.5 | 29.8 | 32.3 | 29.7 | 26.0 | 30.7 | 35.4 | 35.7 | 32.9 | 48.9 | 45.1 |
| Endowment Mkt. Value | 456.7 | 516.2 | 729.9 | 618.1 | 530.9 | 510.9 | 570.2 | 624.3 | 682.9 | 812.2 | 766.9 | 589.0 | 629.7 | 621.9 | 583.3 | 616.8 | 659.0 | 676.5 | 634.9 | 677.2 | 718.2 | 739.6 | 743.2 | 1,069.7 | 871.9 |
Other Selected Items ($ millions)
| Fiscal Year | 1998 | 1999 | 2000* | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018¹ | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | 7.0 | 6.5 | 6.6 | 8.2 | 11.3 | 12.9 | 20.2 | 21.0 | 18.1 | 20.3 | 38.5 | 39.3 | 39.8 | 39.4 | 39.7 | 40.8 | 38.4 | 37.8 | 36.6 | 33.0 | 25.6 | 24.7 | |||
| Operating Lease Pmts. | 0 | 0 | 0 | 0 | 0 | 3.2 | 3.3 | 3.4 | 4.6 | 4.8 | 4.8 | 5.1 | 5.1 | 5.3 | 5.2 | 5.2 | 6.8 | 7.0 | 6.1 | 7.3 | 7.5 | 7.2 | |||
| Total Fixed Charges | 7.0 | 6.5 | 6.6 | 8.2 | 11.3 | 16.1 | 23.5 | 24.4 | 22.7 | 25.1 | 43.3 | 44.4 | 44.9 | 44.7 | 44.9 | 46.0 | 45.2 | 44.8 | 42.7 | 40.3 | 33.1 | 31.9 | |||
| Endowment Draw | 16.7 | 17.9 | 19.9 | 23.0 | 27.0 | 28.3 | 29.7 | 49.5 | 27.1 | 26.3 | 32.1 | 63.7 | 51.7 | 63.2 | 50.6 | 38.1 | 50.8 | 35.8 | 34.4 | 38.1 | 38.5 | 30.9 | 30.8 | 32.3 | 32.2 |
| Capital Expenditures | 23.5 | 37.0 | 26.7 | 99.6 | 93.8 | 61.6 | 59.8 | 98.4 | 112.3 | 54.1 | 38.8 | 17.1 | 18.0 | 20.0 | 15.2 | 12.9 | 20.7 | 19.3 | 18.9 | 49.2 | 11.2 | 11.8 | |||
| Research Expenditures | 77.7 | 78.0 | 78.2 | 84.0 | 84.8 | 92.7 | 92.5 | 105.6 | 102.8 | 101.1 | 104.8 | 100.9 | 103.7 | 107.6 | N/A | N/A | |||||||||
| Depreciation & Amortiz. | 16.5 | 18.6 | 20.0 | 23.6 | 25.8 | 25.8 | 23.8 | 29.0 | 34.1 | 38.1 | 36.0 | 35.2 | 31.7 | 32.3 | 28.6 | 29.0 | 28.0 | 27.6 | 28.1 | 30.0 | 31.1 | 31.3 |
**Components of Student Related Revenue ($ millions)
| Fiscal Year | 1998 | 1999 | 2000* | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018¹ | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aggregate Tuition & Fees (net of discounts) | 227.1 | 253.0 | 259.1 | 251.4 | 229.3 | |||||||||||||||||||||
| Undergraduate Tuition | 47.9 | 60.2 | 67.9 | 78.3 | 75.9 | 78.8 | 86.2 | 94.2 | 106 | 115.2 | 121.5 | 127.8 | 134 | 140.9 | 146.4 | 154.3 | 163.3 | N/A² | N/A² | N/A² | N/A² | N/A² | ||||
| Graduate Tuition | 22.6 | 24.7 | 26.4 | 35.9 | 35.7 | 37.0 | 41.4 | 31.7 | 35.4 | 34.3 | 39.0 | 41.7 | 45.2 | 46.7 | 45.9 | 45.6 | 46.6 | N/A² | N/A² | N/A² | N/A² | N/A² | ||||
| Working Professionals | 26.8 | 26.9 | 25.5 | 12.7 | 10.1 | 8.9 | 8.2 | 18.6 | 19.9 | 17.1 | 8.6 | 6.5 | 5.7 | 5.4 | 4.2 | 2.4 | 2.0 | N/A² | N/A² | N/A² | N/A² | N/A² | ||||
| Fees | 0 | 1.0 | 2.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.6 | 1.6 | 1.5 | 1.4 | 1.7 | 1.5 | 1.7 | 1.8 | 1.2 | 1.1 | N/A² | N/A² | N/A² | N/A² | N/A² | ||||
| Auxiliary Services | 27.9 | 32.8 | 36.0 | 39.0 | 37.1 | 38.2 | 40.9 | 41.3 | 44.4 | 48.5 | 49.7 | 51.5 | 55.9 | 57.6 | 60.1 | 59.7 | 67.1 | 59.0 | 63.7 | 58.3 | 29.5 | 58.6 | ||||
| Total Student Rel. Rev. | 125.7 | 134.9 | 145.2 | 157.4 | 164.2 | 177.5 | 166.8 | 159.6 | 163.9 | 177.8 | 187.4 | 207.3 | 216.6 | 220.3 | 229.2 | 242.3 | 252.3 | 258.3 | 263.3 | 280.1 | 286.2 | 316.7 | 317.4 | 279.9 | 287.9 |
Student Enrollment Components
| Fiscal Year | 1998 | 1999 | 2000* | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018¹ | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Undergraduate | 4,520 | 4,867 | 5,103 | 5,185 | 5,080 | 5,164 | 4,888 | 4,921 | 5,148 | 5,117 | 5,367 | 5,539 | 5,348 | 5,240 | 5,300 | 5,379 | 5,557 | 5,781 | 6,200 | 6,314 | 6,590 | 6,203 | 6,265 | 5,579 | 5,853 |
| Full-time Graduate | 1,408 | 1,394 | 1,500 | 1,499 | 1,379 | 1,212 | 1,156 | 1,112 | 1,131 | 1,083 | 1,092 | 1,055 | 1,091 | 1,094 | 1,161 | 1,138 | 1,079 | 1,020 | 1,018 | 1,120 | 1,188 | 1,185 | 1,139 | 1,140 | 1,030 |
| Part-time Graduate | 2,520 | 2,453 | 2,185 | 1,887 | 1,633 | 1,170 | 956 | 827 | 804 | 822 | 851 | 833 | 583 | 457 | 400 | 372 | 310 | 218 | 150 | 134 | 141 | 181 | 185 | 124 | 134 |
| Others*** | 882 | 1,010 | 1,054 | 1,059 | 974 | 719 | 521 | 381 | 350 | 268 | 211 | 229 | 122 | 123 | 138 | 106 | 82 | 94 | 74 | 65 | 43 | 573 | 342 | 256 | 475 |
| Total Enrollment | 9,330 | 9,724 | 9,842 | 9,630 | 9,066 | 8,265 | 7,521 | 7,241 | 7,433 | 7,290 | 7,521 | 7,656 | 7,144 | 6,914 | 6,999 | 7,028 | 7,113 | 7,442 | 7,633 | 7,962 | 8,142 | 7,931 | 7,403 | 7,492 |
* President's tenure commenced July 1, 1999, the first day of Fiscal Year 2000
***Includes non-matriculating and distance learning students
1 In FY19, RPI adopted several new accounting standards. Results of operations for FY18 have been restated to be consistent with those of FY19. See footnotes 2(l) and 2(m) of the Consolidated Financial Statements for a complete explanation.
2 RPI now only reports aggregate discounts for all categories of tuition and fees combined. In both FY18 and FY19 the aggregate discount rate was 39.6%.
Sources: RPI Annual Reports, Consolidated Financial Statements, National Science Foundation, and Bond Offering Statements
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