Kentucky State University
Statement of Cash Flows
Periods Ending March 31, 2015 and 2014
(Unaudited)
| March 2015 | March 2014 |
|---|
| Reconciliation of net operating gain (loss) to net cash from operating activities | | |
|---|
| Operating gain (loss) | (20,762,382) | (18,990,634) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities | | |
|---|
| Depreciation expense | 3,336,326 | 3,344,627 |
|---|
| Gain (loss) on disposal of capital assets | - | - |
|---|
| Bad debt expense | 734,709 | - |
|---|
| Changes in assets and liabilities: | | |
|---|
| Receivables, net | 1,588,394 | (1,181,364) |
|---|
| Inventory and prepaid expenses | 12,575 | (65,138) |
|---|
| Accounts payable and accrued liabilities | 1,854,362 | (546,828) |
|---|
| Accrued compensated absences | 313,528 | 360,764 |
|---|
| Other liabilities | (148,179) | (191,618) |
|---|
| Unearned revenue | (252,705) | (98,147) |
|---|
| Net cash from operating activities | (13,323,371) | (17,368,338) |
|---|
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