Kentucky State University
Statement of Cash Flows
Period Ending December 31, 2010
(Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
|---|
| Operating loss | (2,459,574) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities: | |
|---|
| Depreciation expense | 2,133,683 |
|---|
| Loss on disposal of capital assets | - |
|---|
| Changes in assets and liabilities: | |
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| Receivables, net | (13,559,931) |
|---|
| Inventory and prepaid expenses | (1,074,104) |
|---|
| Accounts payable and accrued liabilities | (1,362,273) |
|---|
| Accrued compensated absences | (86,708) |
|---|
| Other Liabilities | 213,134 |
|---|
| Deferred revenue | (391,194) |
|---|
| Net cash from operating activities | (16,586,967) |
|---|
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