2016_SUNY_Optometry_PRR

2 0 1 5 A N N U A L F I N A N C I A L R E P O R T

Statements of Cash Flows (continued) For the Years Ended June 30, 2015 and 2014 In thousands Reconciliation of net operating loss to net 2015 2014 cash used by operating activities: Operating loss $ (3,964,710) (3,886,951) Adjustments to reconcile operating loss to net cash used by operating activities: Depreciation and amortization expense 552,555 506,557 Fringe benefits and litigation 1,334,062 1,457,715 Change in assets and liabilities: Receivables, net (199,571) (22,640) Other assets 14,390 (19,633) Accounts payable and accrued liabilities 64,041 (28,185) Unearned revenue 1,544 76,823 Other liabilities 729,744 610,348 Net cash used by operating activities $ (1,467,945) (1,305,966) Supplemental disclosures for noncash transactions: New capital leases / debt agreements $ 1,410,350 1,475,159 Fringe benefits provided by the State $ 1,305,804 1,432,360 Litigation costs provided by the State $ 28,258 25,355 Noncash gifts $ 3,135 7,633 Unrealized (losses) gains on investments $ (20,471) 70,246

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See accompanying notes to financial statements.

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