Kentucky State University
Statement of Cash Flows
Periods Ending February 28, 2014 and March 31, 2013
(Unaudited)
| February 2014 | March 2013 |
|---|
| Reconciliation of net operating gain (loss) to net cash from operating activities | | |
|---|
| Operating gain (loss) | (14,928,013) | (18,773,758) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities | | |
|---|
| Depreciation expense | 2,603,863 | 3,006,913 |
|---|
| Gain (loss) on disposal of capital assets | - | - |
|---|
| Bad debt expense | - | - |
|---|
| Changes in assets and liabilities: | | |
|---|
| Receivables, net | (1,830,100) | (665,129) |
|---|
| Inventory and prepaid expenses | (171,337) | (39,326) |
|---|
| Accounts payable and accrued liabilities | (319,785) | (2,188,569) |
|---|
| Accrued compensated absences | 360,764 | (1,812) |
|---|
| Other liabilities | (192,223) | 80,884 |
|---|
| Deferred revenue | (33,866) | (831,001) |
|---|
| Net cash from operating activities | (14,510,697) | (19,411,798) |
|---|