APOLLO GROUP
Balance Sheet for the Years Ended August 31, 2000 -2006
							$, million	$, million	$, million	$, million	$, million	$, million	$, million
							2000	2001	2002	2003	2004	2005	2006
				Assets
Current Assets
Cash and Equivalents							59,912	145,933	295,237	416,452	244,519	145,607	309,058
Restricted Cash							35,681	57,896	100,252	147,616	184,463	225,706	238,267
Marketable Securities							58,226	170,866	214,457	235,962	248,343	224,112	45,978
Receivables, net							78,933	92,179	99,282	123,728	146,497	201,615	160,583
Inventory							0	0	0	0	0	0	0
Deferred tax assets,net							8,267	7,822	7,415	9,098	10,020	14,991	32,622
Other							5,888	12,355	13,714	16,545	20,842	23,058	16,424
Total Current Assets							246,907	487,051	730,447	950,243	854,684	835,089	802,932
Fixed Assets (at cost)
Property and Equipment, net							87,833	102,624	104,292	119,057	169,377	268,661	328,932
Marketable Securities							6,020	27,239	78,619	245,772	316,743	97,350	53,692
Investment in IDL							11,888	0	0	0	0	0	0
Cost in excess of fair value of assets purchased ,net							38,548	37,096	37,096	37,096	37,096	37,096	16,891
Deferred tax assets,net							0	3,180	5,062	1,155	47,520	35,756	53,131
Net Fixed Assets							144,289	170,139	225069	403,080	570,736	438,863	452,646
Other Assets							13,594	23,153	24,126	24,881	26,853	28,993	27,919
Total Fixed Assets							157,883	193,292	249195	427,961	597,589	467,856	480,565
Total Assets							404,790	680,343	979,642	1,378,204	1,452,273	1,302,945	1,283,005
				Liabilities
Current Portion of long-term Liabilities							450	408	7,510	3,231	3,186	18,878	23,101
Accounts Payable							12,960	16,846	22,478	29,314	50,895	40,129	61,289
Accrued Liabilities							22,297	30,524	39,855	49,525	69,481	61,315	73,513
Income Taxes Payable							365	7,096	7,974	0	11,856	9,740	47,812
Student Deposits/Current Portion of Deferred Revenue							95,017	127,326	186,497	253,153	330,020	387,910	390,041
Total Current Liabilities							131,089	182,200	264,314	335,223	465,438	517,972	595,756
Deferred tuition revenue, less current portion							1,295	1,409	827	942	528	351	384
Long Term Liabilities, less current portion							9,973	14,849	15,508	15,114	29,166	77,748	82,492
Deferred tax liabilities, net							1,225	0	0	0	0	0	0
Total Liabilities							143,582	198,458	280,649	351,279	495,132	596,071	678,632
Stockholder's Equity
Preferred Stock							0	0	0	0	0	0	0
Class A nonvoting Common Stock							103	103	103	103	103	103	103
Class B Voting Common Stock							1	1	1	1	1	1	1
Additional Paid-in Capital							95,259	185,424	227,155	293,650	28,787	0	0
Treasury Stock							-83,353	-60,761	-46,029	-27,100		-645,742	-1,054,046
Retained Earnings							249,219	357,036	518,186	765,196	928,815	1,353,650	1,659,349
Accumulated other comprehensive loss							-21	82	103	-324	-565	-1,138	-1,034
Total Stockholder's Equity							261,208	481,885	698,993	1,026,925	957,141	706,874	634,220
Total Liabilities and Owner's Equity							404,790	680,343	979,642	1,378,204	1,452,273	1,302,945	1,283,005