Kentucky State University Statement of Cash Flows Period Ending May 31, 2013 (Unaudited)
| Statement of Cash Flows Period Ending May 31, 2013 (Unaudited) | ||
| Reconciliation of net operating loss to net cash from operating activities | FY May 2013 | FY June 2012 |
|---|---|---|
| Operating loss | (25,225,296) | (32,202,186) |
| Adjustments to reconcile operating income to net cash from operating activities: | ||
| Depreciation expense | 4,137,072 | 4,466,655 |
| Bad debt expense | - | 2,746,807 |
| Loss on disposal of capital assets | - | - |
| Changes in assets and liabilities: | ||
| Receivables, net | (240,446) | (8,281,565) |
| Inventory and prepaid expenses | (32,323) | (147,973) |
| Accounts payable and accrued liabilities | (2,661,265) | 1,571,335 |
| Accrued compensated absences | 220,425 | (400,649) |
| Other Liabilities | (74,310) | (38,914) |
| Deferred revenue | (881,397) | 65,327 |
| Net cash from operating activities | (24,757,540) | (32,221,163) |