Statement of Cash Flows

Year ended June 30, 2022 (Dollars in thousands)

Cash Flows from Operating Activities

Student tuition and fees Research grants and contracts Sales and services of auxiliary enterprises Sales and services of educational activities Payments for employees’ salaries and benefits Payments to vendors for supplies and services Payments for scholarships and fellowships Funds held for others received Funds held for others disbursed Other receipts Net cash used for operating activities

Cash Flows from Noncapital Financing Activities

State appropriations Share of state sales tax - technology and research initiatives fund Grants and contracts Private gifts for other than capital purposes Direct lending program receipts Direct lending program disbursements Net cash provided by noncapital financing activities

Cash Flows from Capital and Related Financing Activities

Capital appropriations - Research Infrastructure and University Capital Infrastructure Capital commitments and Build America Bonds - federal subsidy Capital gifts and grants Proceeds from issuance of capital debt Purchases of capital assets Principal paid on capital debt and leases Interest paid on capital debt and leases Net cash used for capital and related financing activities

Cash Flows from Investing Activities

Purchases of investments Interest received on investments Net cash used for investing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year, as restated

Cash and cash equivalents at end of year

Reconciliation of operating loss to net cash used for operating activities: Operating loss $ (668,077)

Adjustments to reconcile operating loss to net cash used for operating activities: Depreciation and amortization Miscellaneous nonoperating expenses Changes in assets, deferred outflows of resources, liabilities and deferred inflows of resources: Net pension and other postemployment benefits liability Deferred outflows of resources related to pensions and other postemployment benefits Deferred inflows of resources related to pensions and other postemployment benefits Receivables, net Accounts payable and accrued liabilities Unearned revenues Compensated absences Funds held for others Other assets Net cash used for operating activities

Significant Noncash Transactions Unrealized loss on investments and endowments Amortization of bond premiums and discounts $ 1,654,167 412,536 249,413 105,746 (1,649,237) (1,017,199) (283,253) 292,432 (350,688) 30,296 $ (555,787)

$ 385,527 42,500 547,568 75,957 649,948 (649,635) $ 1,051,865

$ 25,985 33,085 31,369 189,904 (336,522) (106,804) (96,307) $ (259,290)

(311,565) 18,939 $ (292,626) (55,838) 618,044

$ 562,206

201,287 (6,276)

(242,958) 9,742 260,458 (72,809) (72,395) 37,983 (1,428) 4,540 (5,854) $ (555,787)

(78,370) 23,961