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FINANCIALS FINANCIALS

AS OF JUNE 30, 2017, 2016, AND 2015 FOR THE FISCAL YEARS ENDED JUNE 30, 2017, 2016, AND 2015

CONDENSED STATEMENTS OF NET POSITION CONDENSED STATEMENTS OF REVENUES, EXPENSES
(IN THOUSANDS)
AND CHANGES IN NET POSITION
(IN THOUSANDS)
FY2017 FY2016 FY2015

_______ _______ _______
FY2017 FY2016 FY2015
_______ _______ _______
ASSETS
Current Assets $270,395 $232,899 $217,837 Operating Revenues $372,983 $346,263 $356,493
Capital Assets 1,094,902 1,048,174 972,035 Operating Expenses 259,687 242,086 246,709
Other Long-Term Assets 104,257 102,781 101,472 _______ _______ _______
_______ _______ _______ Operating Income 113,296 104,177 109,784
Total Assets $1,469,554 $1,383,854 $1,291,334
_______ _______ _______ Non-Operating (Expense) (3,518) (3,317) (1,870)

Deferred Outflows of Resources $55,097 $48,224 $25,867 Capital Contributions Repaid to the State of Georgia (4,508) (9,656) (38)
Capital Contributions 9,911 5,770 3,759
Extraordinary Item (850) 6,754 1,086
LIABILITIES _______ _______ _______
Change In Net Position $114,331 $103,728 $112,721
Current Liabilities $57,353 $55,924 $58,330 _______ _______ _______
Long-Term Debt - 29,257 31,657
Other Non-Current Liabilities 92,617 87,644 71,739
_______ _______ _______ CONDENSED STATEMENTS OF CASH FLOWS
Total Liabilities $149,970 $172,825 $161,726
_______ _______ _______ Cash Flows from Operating Activities $133,632 $ 153,541 $171,650
Deferred Inflows of Resources $6,782 $5,685 $5,645 Cash Flows from Investing Activities (397) (552) 183
Cash Flows from Non-Capital Financial Activities (2,270) (5,201) (3,306)
Cash Flows from Capital and Related Financing Activities (102,445) (124,011) (109,587)
NET POSITION _______ _______ _______
Net Investment in Capital Assets $1,068,045 $1,018,917 $940,378 Net Increase in Cash and Cash Equivalents 28,520 23,777 58,940
Unrestricted 299,854 $234,651 209,462 Balances – Beginning of the Year 185,923 162,146 103,206
_______ _______ _______ _______ _______ _______
Total Net Position $1,367,899 $1,253,568 $1,149,840 Balances – End of the Year $214,443 $185,923 $162,146
_______ _______ _______ _______ _______ _______

GEORGIA PORTS ANNUAL REPORT FY2017 GEORGIA PORTS ANNUAL REPORT FY2017