KENTUCKY STATE UNIVERSITY
STATEMENT OF CASH FLOWS
Year ended June 30, 2017
| Reconciliation of net operating loss to net cash from operating activities | |
|---|
| Operating loss | $ (36,165,239) |
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| Adjustments to reconcile operating loss to net cash from operating activities: | |
|---|
| Depreciation expense | 4,048,197 |
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| Changes in assets and liabilities: | |
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| Receivables, net | 1,844,413 |
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| Loans to students, net | 908,700 |
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| Other current assets | 140,607 |
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| Accounts payable and accrued liabilities | (137,794) |
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| Other current liabilities | (303,807) |
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| Unearned revenue | (635,748) |
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| Deposits | (104,610) |
|---|
| Deferred outflows – KTRS/KERS pension | (9,292,673) |
|---|
| Deferred inflows – KTRS/KERS pension | 5,894,259 |
|---|
| Net pension liability | 4,708,528 |
|---|
| Net cash from operating activities | $ (29,095,167) |
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20.