SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION For The Fiscal Years Ended June 30 (In Thousands)
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Operating Revenues: Toll
$ 761,200 55,068 79,529 6,476 —
$ 755,701 56,477 41,396 6,303 1,956
$ 702,659 93,795 37,354
$ 646,934 46,430 25,762
$ 584,618 97,260 43,278
$ 674,568 132,134 47,797
$ 676,726 129,675 48,121
$ 670,760 129,931 61,263
$ 644,658 130,301 40,712 6,213 14,195
$ 649,791 128,579 42,751
Intergovernmental Toll administrative Concession Other
5,760 2,397
5,009 3,161
5,317 2,600
6,649 1,386
6,337 1,536
6,006 1,645
5,070 1,568
Total operating revenue
902,273
861,833
841,965
727,296
733,073
862,534
862,395
869,605
836,079
827,759
Operating Expenses: Collection, police patrol, and maintenance Major repairs, replacements, and insurance General and administrative Depreciation Pension Expense
348,675 12,812 30,816 179,745 35,569
334,708 10,836 32,704 197,049 32,685
317,464 9,086 29,943 174,827 14,929
282,666 10,109 30,680 163,249 34,861
242,374 8,447 34,147 158,887 31,292
247,813 7,900 33,705 161,635 37,253
230,408 8,244 31,550 144,784 24,094
226,728 7,224 32,099 127,869 24,931
216,226 3,269 37,372 124,094 41,564
210,058 8,153 35,407 112,177 20,193
Total operating expenses
607,617
607,982
546,249
521,565
475,147
488,306
439,080
418,851
422,525
385,988
Income from operations
294,656
253,851
295,716
205,731
257,926
374,228
423,315
450,754
413,554
441,771
Non-operating Revenues (Expenses) Investment revenue (expense) Restricted interest income (loss) on investments Gain or Loss on disposal of infrastructure (non- Key Bridge) Interest expenses
45,543
13,034
(19,157)
906
23,033
19,444
(1,376)
(126)
13,082
3,452
—
4,549
(964)
278
607
2,809
7,284
970
1,423
2,309
(11,895) (85,917)
(1,666) (84,454)
(23,567) (85,487)
(6,689) (81,482)
(5,180) (65,637)
(5,626) (69,691)
(20,069) (99,404)
(6,026) (112,896)
(6,155) (109,880)
(2,303) (101,568)
Total non-operating revenue and expenses
(52,269)
(68,537)
(129,175)
(86,987)
(47,177)
(53,064)
(113,565)
(118,078)
(101,530)
(98,110)
Unusual or Infrequent Items Grant revenue related to Key Bridge collapse Insurance proceeds, net Loss on disposal of Key Bridge Expenses related to Key Bridge collapse Other revenue related to Key Bridge collapse
35,057 325,000 (44,714) (50,462) 2,907
— — — — —
— — — — —
— — — — —
— — — — —
— — — — —
— — — — —
— — — — —
— — — — —
— — — — —
Net unusual or infrequent items
267,788
—
—
—
—
—
—
—
—
—
Change in net position
510,175
185,314
166,541
118,744
210,749
321,164
309,750
332,676
312,024
343,661
Net Position - Beginning of Year*
5,550,198
5,364,884
5,198,343
5,079,599
4,868,850
4,538,105
4,228,355
3,895,679
3,583,655
3,239,994
Net Position - End of Year
$ 6,060,373
$ 5,550,198
$ 5,364,884
$ 5,198,343
$ 5,079,599
$ 4,859,269
$ 4,538,105
$ 4,228,355
$ 3,895,679
$ 3,583,655
*Beginning net position was restated for fiscal year 2015 due to the implementation of GASB Statement No. 68, and for fiscal year 2020 due to a change in revenue recognition policy. GASB Statement No. 103 was implemented for fiscal year 2024.
96 | Maryland Transportation Authority | Statistical Section
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