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