Kentucky State University
Statement of Cash Flows
Periods Ending April 30, 2015 and 2014
(Unaudited)
| April 2015 | April 2014 |
|---|
| Reconciliation of net operating gain (loss) to net cash from operating activities | | |
|---|
| Operating gain (loss) | (27,391,267) | (22,657,553) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities | | |
|---|
| Depreciation expense | 3,703,579 | 3,716,188 |
|---|
| Gain (loss) on disposal of capital assets | - | - |
|---|
| Bad debt expense | 734,709 | - |
|---|
| Changes in assets and liabilities: | | |
|---|
| Receivables, net | 5,353,175 | (1,442,000) |
|---|
| Inventory and prepaid expenses | 10,634 | 210,749 |
|---|
| Accounts payable and accrued liabilities | (212,312) | (283,575) |
|---|
| Accrued compensated absences | 295,845 | 350,202 |
|---|
| Other liabilities | (355,741) | (438,603) |
|---|
| Unearned revenue | (364,620) | (127,519) |
|---|
| Net cash from operating activities | (18,225,998) | (20,672,110) |
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