Facilities Debt Outstanding (W093)

Dollars in thousands
Fiscal Year Tax Exempt Taxable & Other (A) Total
2021 3,043,923 2,155,650 5,199,573
2020 3,081,158 2,160,948 5,242,106
2019 3,110,011 665,361 3,775,372
2018 3,142,093 642,784 3,784,877
2017 2,865,269 649,430 3,514,699
2016 2,878,486 655,186 3,533,672
2015 2,886,011 671,811 3,557,822
2014 2,651,281 681,564 3,332,845
2013 2,657,128 937,292 3,594,420
2012 2,665,369 1,442,632 4,108,001
2011 2,675,322 1,366,157 4,041,479
2010 2,687,770 1,366,764 4,054,534
2009 2,197,247 1,178,744 3,375,991
2008 2,197,949 869,293 3,067,242
2007 1,584,257 370,374 1,954,631
2006 1,584,551 369,702 1,954,253
2005 1,273,691 309,202 1,582,893
2004 1,273,614 299,073 1,572,687
2003 1,273,537 299,348 1,572,885
2002 923,460 299,780 1,223,240
Notes:
"Debt outstanding" refers to the amount of borrowing incurred by the University, regardless of use of funds.

For 2015 and beyond, the subtotals for both tax exempt and taxable & other are net of debt issuance costs and unamortized premiums and discounts in compliance with the adoption of Accounting Standards Update (ASU) No. 2015-03.

Historical debt outstanding prior to 2002 available upon request.

(A) Taxable debt requires the lender to pay income taxes on interest earned. To attract lenders, the borrower (Yale) must therefore pay higher rates than required for tax-exempt debt, on which the lender is not taxed.

Source:
Yale University Controller's Office, Financial Reporting and Analysis
Statement of Financial Position, Bonds and Notes Payable

OIR W093
Finance Facilities Debt Outstanding
Last updated: 2/8/2022