Kentucky State University
Statement of Cash Flows
Period Ending February 28, 2009
(Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
|---|
| Operating loss | (11,433,810) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities: | |
|---|
| Depreciation expense | 1,815,294 |
|---|
| Loss on disposal of capital assets | - |
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| Changes in assets and liabilities: | |
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| Receivables, net | (542,390) |
|---|
| Inventory and prepaid expenses | (433,162) |
|---|
| Accounts payable and accrued liabilities | 1,065,994 |
|---|
| Accrued compensated absences | (5,475) |
|---|
| Other Liabilities | (180,930) |
|---|
| Deferred revenue | (368,995) |
|---|
| Net cash from operating activities | (10,083,474) |
|---|
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