Kentucky State University
Statement of Cash Flows
Period Ending June 30, 2012
(Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
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| Operating loss | (37,026,856) |
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| Adjustments to reconcile operating income to net cash from operating activities: | |
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| Depreciation expense | 4,402,914 |
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| Loss on disposal of capital assets | - |
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| Changes in assets and liabilities: | |
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| Receivables, net | (3,021,087) |
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| Inventory and prepaid expenses | 269,021 |
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| Accounts payable and accrued liabilities | 1,791,427 |
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| Accrued compensated absences | 19,957 |
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| Other Liabilities | (284,270) |
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| Deferred revenue | 147,023 |
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| Net cash from operating activities | (33,776,965) |
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