| |
|
|
|
|
| |
|
2001
|
2000
|
|
Cash
flows from operating activities:
|
| Increase
in net assets |
$
152,592
|
369,220
|
|
Adjustments
to reconcile increase in net
assets to net cash provided by operating activities: |
|
|
|
| |
Depreciation
and loss on disposals of property and equipment |
73,158
|
78,546
|
|
| |
Loss on extinguishment of debt |
585
|
–
|
|
| |
Decrease
in accounts receivable, net |
(16,111)
|
37,027
|
|
| |
Decrease
(increase) in prepaid expenses, deferred charges and other assets |
(16,279)
|
(8,359)
|
|
| |
Decrease
(increase) in contributions receivable, net |
(64,850)
|
36,967
|
|
| |
Increase
in accounts payable, deferred revenues and accrued expenses |
40,612
|
1,490
|
|
| |
Increase
in payables and deferred revenues under split interest agreements |
1,859
|
7,697
|
|
| |
Contributions
restricted for long-term investment |
(86,975)
|
(142,996)
|
|
| |
Net
realized and unrealized (gains) losses from investments |
96,015
|
(202,913)
|
|
| |
Other,
net |
21
|
1,265
|
|
|
Net
cash provided by operating activities |
180,627
|
177,944
|
|
Cash
flows from investing activities:
|
| |
Purchases
of investments |
(1,996,016)
|
(2,603,490)
|
|
| |
Proceeds
from sales and maturities of investments |
1,878,546
|
2,495,333
|
|
| |
Purchases
of property and equipment |
(149,993)
|
(126,557)
|
|
| |
Disbursements
for student loans |
(5,600)
|
(5,282)
|
|
| |
Repayments
of student loans |
4,636
|
4,278
|
|
| |
Decrease (increase) in deposits with bond trustees, net |
27,440
|
(83,002)
|
|
|
Net
cash used by investing activities |
(240,987)
|
(318,720)
|
|
Cash
flows from financing activities:
|
| |
Contributions
restricted for long-term investment |
86,975
|
142,996
|
|
| |
Proceeds
from borrowings |
71,372
|
127,560
|
|
| |
Repayments
of borrowings |
(57,318)
|
(15,450)
|
|
| |
Increase (decrease)
in other long-term liabilities |
(18,571)
|
13,193
|
|
|
Net
cash provided by financing activities |
82,458
|
268,299
|
|
|
Net
increase in cash and cash equivalents |
22,098
|
127,523
|
|
|
|
| Cash
and cash equivalents at beginning of year |
226,721
|
99,198
|
|
|
| Cash
and cash equivalents at end of year |
$ 248,819
|
226,721
|
|
| |
|
|
|
| See
accompanying notes to financial statements. |
|
|
|
|
|
|
|
|
|
| |
|
|
| |
|
|
|
