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Liabilities Are Different Than Negative Revenues

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  • Liabilities Are Different Than Negative Revenues

    First, I'm an idiot and have been listening to KK this afternoon (trying to get by until game time, but only getting tractor pulls and calf raising reports from Arrowhead).

    Second, there is a difference between a corporation like KUAC having liabilities and losing money. The LJW and KK are both spinning/making it sound like KU has $93M loss on the books. That's not the case. We have over $143M in assets and $93M in liabilities. That is a ratio of 1.5:1.0.

    If you compare the previous year number of KU and K-State (I could find the most recent K-State numbers and wanted to do apples to apples), this is what you get:

    2008-2009
    KU Assets $143M
    KU Liabilities $93M
    Ratio 1.5:1.0

    2007-2008
    KU Assets $134M
    KU Liabilities $73M
    Ratio 1.8:1.0

    2007-2008
    KSU Assets $52M
    KSU Liabilities $36M
    Ratio 1.44:1.0

    In comparing revenues, we come up with the following numbers:
    2008-2009
    KU Total Revenue $85M
    KU Total Expenses $64M
    KU Rev-Exp $21M

    2007-2008
    KU Total Revenue $84M
    KU Total Expenses $61M
    KU Rev-Exp $23M

    2007-2008
    KSU Total Revenue $48M
    KSU Total Expenses $41M
    KSU Rev-Exp $7M

    In short, the media should do a little more research on this topic and do some comparison. Accounting numbers on their own can look horrible or great with out a proper comparison.

    (Yes, dumb for me to suggest the media do more homework before running with a story).

  • #2
    Re: Liabilities Are Different Than Negative Revenues

    what a moran


    you learn that in business double-o dumb

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    • #3
      Re: Liabilities Are Different Than Negative Revenues

      [quote author=CStop link=topic=1148.msg12260#msg12260 date=1284753586]
      First, I'm an idiot and have been listening to KK this afternoon (trying to get by until game time, but only getting tractor pulls and calf raising reports from Arrowhead).
      [/quote]

      I thought the KSU-ISU game was tomorrow?

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      • #4
        Re: Liabilities Are Different Than Negative Revenues

        If reporters and radio guys had good business sense, they would have chosen different professions.

        Comment


        • #5
          Re: Liabilities Are Different Than Negative Revenues

          It doesn't take much business sense to know liabilities is only one part of the puzzle. KK (or whoever actually did his research) is a tard.

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          • #6
            Re: Liabilities Are Different Than Negative Revenues

            but guys...GUYS...how is KU ever going to pay that off? That's a whole lot of money.

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            • #7
              Re: Liabilities Are Different Than Negative Revenues

              It's just funny how better shape our ADept is compared to K-State. The KSU pres and AD were on with KK talking about this. It's like they don't even know that they are at WAC-levels.

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