Kentucky State University
Statement of Cash Flows
Period Ending February 29, 2012
(Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
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| Operating loss | (16,752,032) |
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| cash from operating activities: | |
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| Depreciation expense | 2,939,842 |
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| Changes in assets and liabilities: | |
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| Receivables, net | (5,602,840) |
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| Inventory and prepaid expenses | 270,084 |
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| Accounts payable and accrued liabilities | (254,726) |
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| Accrued compensated absences | (71,018) |
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| Other Liabilities | (82,408) |
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| Deferred revenue | (341,636) |
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| Net cash from operating activities | (19,894,735) |
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