Kentucky State University
Statement of Cash Flows
Period Ending March 31, 2011
(Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
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| Operating loss | (20,006,038) |
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| Adjustments to reconcile operating income to net cash from operating activities: | |
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| Depreciation expense | 2,635,498 |
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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 | (3,744,548) |
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| Inventory and prepaid expenses | (636,838) |
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| Accounts payable and accrued liabilities | 1,366,628 |
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| Accrued compensation and expenses | (459,687) |
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| Other Liabilities | (615,681) |
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| Deferred revenue | (683,696) |
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| Net cash from operating activities | (22,144,362) |
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