$27,160,939 $26,289,308
Kentucky State University
Statement of Cash Flows
Periods Ending November 30, 2013 and December 31, 2012
(Unaudited)
| November 2013 | December 2012 |
|---|
| Reconciliation of net operating gain (loss) to net cash from operating activities | | |
|---|
| Operating gain (loss) | ($9,729,027) | ($10,638,730) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities | | |
|---|
| Depreciation expense | 1,856,951 | 1,876,356 |
|---|
| Gain (loss) on disposal of capital assets | 0 | 0 |
|---|
| Bad debt expense | 0 | 0 |
|---|
| Changes in assets and liabilities: | | |
|---|
| Receivables, net | (614,898) | 328,668 |
|---|
| Inventory and prepaid expenses | (151,639) | (30,765) |
|---|
| Accounts payable and accrued liabilities | (278,744) | (2,027,055) |
|---|
| Accrued compensated absences | 0 | (49,290) |
|---|
| Other liabilities | 339,897 | (217,055) |
|---|
| Deferred revenue | (7,428) | (850,547) |
|---|
| Net cash from operating activities | ($8,584,887) | ($11,608,418) |
|---|