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	250.4	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	6,995	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