Pac-12 announces 2022-2023 financial results
Record consolidated revenue at $604M; $404M distributed to institutions
The Pac-12 Conference today reported the financial performance for the financial year 2022-2023, with record total revenues of $604M. Total distributions to the institutions are $404M. The equity value of the Pac-12’s full ownership of its Pac-12 Networks is not included in reported results.
For 2022-2023, the Pac-12 Conference reported revenues of $494M and net operating expenses of $58M. Pac-12 Networks reported revenues of $110M and net operating expenses of $83M. A summary of consolidated results is set forth below.
“We are pleased to have generated record revenues for our members,” said Pac-12 Commissioner Teresa Gould. “These revenues are used by our campus athletic departments to provide invaluable support to our over 7,000 student-athletes annually and to fulfill our mission to develop the next generation of leaders.”
|
Consolidated |
|
| Revenue | |
|
All other contributions, gifts grants, etc |
9,275,147 |
|
Non-cash Contributions |
220,120 |
|
Television Rights Fees |
389,175,908 |
|
Post Season Bowls |
140,357,157 |
|
NCAA Funds/Conf Event |
39,662,821 |
|
Advertising |
12,974,545 |
|
Other Revenue |
11,868,327 |
|
Investment Income |
319,485 |
| Total Revenue | 603,853,510 |
| Expenses | |
|
Compensation of current officers, directors, trustees and key employees (including nontaxable benefits) |
6,514,563 |
|
Compensation not included above to disqualified persons |
- |
|
Other salaries and wages |
26,075,629 |
|
Pension plan accruals and contributions (employer portion) |
1,879,759 |
|
Other employee benefits |
3,761,192 |
|
Payroll taxes |
2,040,471 |
|
Legal fees |
6,743,875 |
|
Accounting fees |
126,672 |
|
Other |
5,915,508 |
|
Advertising and promotion |
1,031,307 |
|
Office expenses |
441,145 |
|
Information technology |
9,165,914 |
|
Occupancy |
9,795,217 |
|
Travel |
2,266,307 |
|
Conferences, conventions and meetings |
869,087 |
|
Depreciation, depletion and amortization |
22,987,591 |
|
Insurance |
1,516,037 |
| Other Expenses | |
|
Conference Events |
8,794,760 |
|
Special Projects |
- |
|
Officiating |
3,425,896 |
|
Research and Education |
3,648,708 |
|
Programming & Digital |
- |
|
Commissions |
3,114,291 |
|
All other Expenses |
20,229,260 |
| Total Other Expenses | 39,212,915 |
| Total Expenses | 140,343,189 |
|
Grants to domestic organizations |
403,572,770 |
| Net Operating Expenses | 543,915,959 |
| Net Revenues over Expenses | 59,937,551 |
Notes: “All Other Expenses” primarily includes taxes, sales expense, equipment supplies and maintenance, and officiating.