Kentucky State University Statement of Cash Flows Period Ending March 31, 2013 (Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | ||
|---|---|---|
| Operating loss | (18,773,758) | (22,068,167) |
| Adjustments to reconcile operating income to net cash from operating activities: | ||
| Depreciation expense | 3,006,913 | 3,825,120 |
| Loss on disposal of capital assets | - | - |
| Changes in assets and liabilities: | ||
| Receivables, net | (665,129) | (5,602,840) |
| Inventory and prepaid expenses | (39,326) | 270,084 |
| Accounts payable and accrued liabilities | (2,188,569) | (1,780,915) |
| Accrued compensated absences | (1,812) | (71,018) |
| Other Liabilities | 80,884 | (82,408) |
| Deferred revenue | (831,001) | (341,636) |
| Net cash from operating activities | (19,411,798) | (25,851,780) |