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Copyright © 1999 Seattle Pacific University. General Information: (206) 281-2000
Seattle Pacific University |
| Financial Report 1997 |
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CONSOLIDATED STATEMENT OF CASH FLOWS
For the Years Ended June 30, 1996, and 1997
| June 30 | |||||||||||
| OPERATING ACTIVITIES | 1997 | 1996 | |||||||||
| Change in net assets | $ 7,143 | $ 5,229 | |||||||||
| Adjustments to reconcile change in net assets to | |||||||||||
| Net cash provided (used) by operating activities: | |||||||||||
| Depreciation | 3,410 | 2,953 | |||||||||
| Provision for doubtful accounts | 74 | 22 | |||||||||
| Unrealized (gain) loss on investments | (2,219) | (996) | |||||||||
| Loss on disposal of plant assets | 31 | 123 | |||||||||
| Net transactions related to split interest agreements | (2,062) | (1,858) | |||||||||
| Cash provided (used) by changes in operating assets and liabilities: | |||||||||||
| Student accounts receivable | 231 | (104) | |||||||||
| Government grants and other receivables | 256 | (324) | |||||||||
| Inventories and prepaid expenses | 467 | (70) | |||||||||
| Student loans | (105) | (69) | |||||||||
| Accounts payable | 94 | (430) | |||||||||
| Accrued expenses and other liabilities | (46) | 1 | |||||||||
| Student deposits and prepaid fees | 31 | (206) | |||||||||
| Deferred revenue | (306) | 243 | |||||||||
| Governmental student loan programs | 163 | 209 | |||||||||
| Net cash provided by operating activities | 7,162 | 4,723 | |||||||||
| INVESTING ACTIVITIES | |||||||||||
| Purchase of property | (49) | (591) | |||||||||
| Investment in capital projects and equipment | (4,110) | (3,129) | |||||||||
| Proceeds from note collections | 183 | 120 | |||||||||
| Proceeds from sale in long-term investments | 211 | 458 | |||||||||
| Purchase of long-term investments | (2,369) | (751) | |||||||||
| Net cash used by investing activities | (6,134) | (3,893) | |||||||||
| FINANCING ACTIVITIES | |||||||||||
| Liquidation of short term debt | - | (1,600) | |||||||||
| Payments on long term debt | (1,061) | (882) | |||||||||
| Proceeds from issuance of new debt | - | 1,477 | |||||||||
| Annuity payments | (79) | (10) | |||||||||
| Net cash provided (used) by financing activities | (1,140) | (1,015) | |||||||||
| Net increase (decrease) in cash and cash equivalents | (112) | (185) | |||||||||
| CASH AND CASH EQUIVALENTS | |||||||||||
| Beginning of year | 8,622 | 8,807 | |||||||||
| End of year | $ 8,510 | $ 8,622 | |||||||||
| ======= | ======= | ||||||||||
| Supplemental disclosure of cash flow information - | |||||||||||
| Cash paid during the year for interest | $ 1,254 | $ 1,199 | |||||||||
| ======= | ======= | ||||||||||
| See notes to consolidated financial statements | |||||||||||
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Copyright © 1999 Seattle Pacific University. General Information: (206) 281-2000
Seattle Pacific University |