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