Johns Hopkins University
Statements of Cash Flows
Year ended June 30, 2002 and 2001 (in thousands)
| 2002 |
2001 |
|||
| Cash flows from operating activities:
|
||||
| Increase in net assets |
$ (16,207) |
$ 152,592 |
||
| Adjustments to reconcile increase in net
assets to net cash provided by operating activities: |
|
|
||
| Depreciation and loss on disposals of property and equipment |
86,641 |
73,158 |
||
| Loss on extinguishment of debt |
8,443 |
585 |
||
| Decrease in accounts receivable, net |
(25,310) |
(16,111) |
||
| Decrease (increase) in prepaid expenses, deferred charges and other assets |
(16,039) |
(16,279) |
||
| Decrease (increase) in contributions receivable, net |
(3,606) |
(64,850) |
||
| Increase in accounts payable, deferred revenues and accrued expenses |
50,144 |
40,612 |
||
| Increase in payables and deferred revenues under split interest agreements |
(2,584) |
1,859 |
||
| Contributions restricted for long-term investment |
(70,197) |
(86,975) |
||
| Net realized and unrealized (gains) losses from investments |
162,242 |
96,015 |
||
| Other, net |
239 |
21 |
||
| Net cash provided by operating activities |
173,766 |
180,627 |
||
| Cash flows from investing activities:
|
||||
| Purchases of investments |
(2,219,459) |
(1,996,016) |
||
| Proceeds from sales and maturities of investments |
2,040,558 |
1,878,546 |
||
| Purchases of property and equipment |
(179,706) |
(149,993) |
||
| Disbursements for student loans |
(5,617) |
(5,600) |
||
| Repayments of student loans |
6,850 |
4,636 |
||
| Decrease (increase) in deposits with bond trustees, net |
(59,437) |
27,440 |
||
| Increase (decrease) in endowments held for others |
4,298 |
(3,098) |
||
| Net cash used by investing activities |
(412,513) |
(244,085) |
||
| Cash flows from financing activities:
|
||||
| Contributions restricted for long-term investment |
70,197 |
86,975 |
||
| Proceeds from borrowings |
219,043 |
71,372 |
||
| Scheduled payments of bonds |
(16,700) |
(15,235) |
||
| Advance refunding and other payments of borrowings |
(102,914) |
(42,083) |
||
| Increase (decrease) in other long-term liabilities |
10,472 |
(15,473) |
||
| Net cash provided by financing activities |
180,098 |
85,556 |
||
| Net increase (decrease) in cash and cash equivalents |
(58,649) |
22,098 |
||
| |
||||
| Cash and cash equivalents at beginning of year |
248,819 |
226,721 |
||
| |
||||
| Cash and cash equivalents at end of year |
$ 190,170 |
248,819 |
||
| See accompanying notes to financial statements. | ||||
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