Texas athletic department reports $163 million in revenue
The University of Texas athletics department had a whopping $163.3 million in revenue and $138.3 million in operating expenses in 2011-12, according to USA Today.
The report came from the school's latest annual financial report to the NCAA. It was submitted through an open-records request by USA Today and Indiana University's National Sports Journalism Center.
Included is Texas' $103.8 million in football revenue, the first time a college has reported at least $100 million in revenue from one sport.
The school's $25 million operating surplus for 2011-12 was more money than 135 of the estimated 220 Div. I public schools spent on their entire athletics programs in 2010-11.
Texas increased its annual operating expenses by $4.6 million from 2010-11 to 2011-12, and its operating surplus increased from $16.6 million.
Its $13 million revenue increase for 2011-12 was more money than 147 Div. I public school athletics programs generated in 2010-11 from sources other than subsidies from student fees, institutional and government support.
The Longhorns' athletics department transferred $8.3 million of their 2011-12 surplus to the school after transferring more than $9 million the year before that.
Texas was one of just 22 Div. I public schools to cover expenses in 2010-11 without subsidies.
A donations increase from $37.3 million to $40.7 million made up for a $2 million decrease in ticket sales at Texas in 2011-12.
Texas also had a more than $6 million increase in its conference and NCAA shares and a nearly $6 million increase in royalty, licensing, advertising and sponsorship revenue.
USA Today also reported on the wide gap between Texas and all other NCAA Division I schools in revenue and expenses during the 2010-11 school year in May of last year.
