KENTUCKY STATE UNIVERSITY STATEMENT OF CASH FLOWS Year ended June 30, 2018
Reconciliation of net operating loss to net cash from operating activities
Operating loss$ (33,558,474)
Adjustments to reconcile operating loss to net cash from operating activities:
Depreciation expense5,444,547
Changes in assets and liabilities:
Receivables, net(864,293)
Collection of loans issued to students11,144
Accounts payable and accrued liabilities(149,002)
Unearned revenue(253,321)
Deposits18,327
Deferred outflows – pension and OPEB4,483,823
Deferred inflows – pension and OPEB14,015,527
Net pension liability(24,678,942)
Net OPEB liability1,060,477
Net cash from operating activities$ (34,470,187)
See accompanying notes to financial statements.
20.