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Johns Hopkins University Statement of Cash Flows
Years ended June 30, 1997 and 1996 (in thousands)
|
| 1997 |
1996 |
| Cash flows from operating activities |
| Increase in net assets |
$ 227,024 |
249,172 |
| Adjustments to reconcile increase in net assets to
net cash provided by operating activities: |
Depreciation and disposals of property and
equipment |
77,391 |
69,584 |
Amortization of discounts on investments |
(1,359) |
(2,168) |
Decrease (increase) in accounts receivable,
net |
53,508 |
(49,913) |
Decrease (increase) in prepaid expenses,
deferred charges and other assets |
5,214 |
(6,433) |
Decrease (increase) in contributions
receivable, net |
8,383 |
(74,827) |
Increase in accounts payable and accrued
expenses |
9,829 |
2,696 |
Increase (decrease) in payables and deferred
revenues under split interest agreements |
(672) |
2,970 |
Contributions restricted for long-term
investment |
(77,383) |
(31,274) |
Proceeds from transfer of art collection |
-- |
(15,000) |
Investment income--permanently restricted
funds |
(12,668) |
(10,541) |
Net realized and unrealized gains from
investments |
(138,520) |
(118,636) |
|
263 |
241 |
Net cash provided by operating
acitivities |
151,010 |
15,871 |
| Cash flows from investing activities: |
|
(1,646,836) |
(1,720,473) |
Proceeds from sales and maturities of
investments |
1,516,935 |
1,692,070 |
Purchases of property and equipment |
(85,070) |
(68,001) |
Disbursements for student loans |
(4,149) |
(4,550) |
Repayments of student loans |
3,521 |
2,944 |
Change in deposits with bond trustees,
net |
(4,989) |
1,094 |
Net cash used by investing
activities |
(220,588) |
(96,916) |
| Cash flows from financing activities: |
Proceeds from contributions restricted for
long-term investment |
77,383 |
31,274 |
Proceeds from transfer of art collection |
-- |
15,000 |
Investment income--permanently restricted
funds |
12,668 |
10,541 |
Payments of bonds and notes payable |
(13,687) |
(12,896) |
Proceeds (repayments) from borrowings under
line of credit, net |
(24,473) |
24,473 |
Proceeds from borrowings of bonds and notes
payable |
21,220 |
-- |
Increase in other long-term liabilities |
22,757 |
7,294 |
Net cash provided by financing
activities |
95,868 |
75,686 |
Net increase (decrease) in cash and cash
equivalents |
26,290 |
(5,359) |
| Cash and cash equivalents at beginning of
year |
37,392 |
42,751 |
| Cash and cash equivalents at end of
year |
s$ 63,682 |
37,392 |
© 2000 The Johns Hopkins University.
Baltimore, Maryland. All rights reserved.
http://www.jhu.edu/news_info/finance97/cashflow.html
Last updated 24Feb00 by dgips@jhu.edu
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