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) |