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Annual Report 2012: APH Financial Statements, Fiscal Year 2012
October 1, 2011 – September 30, 2012
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Statements of Cash Flows
Years Ended September 30, 2012 and 2011
|
2012 |
2011 |
Cash flows from operating activities |
| Cash received from customers |
$24,949,949 |
$23,489,981 |
| Cash paid to suppliers, employees, and others |
(28,787,193) |
(27,053,085) |
| Cash received from gifts and bequests |
1,127,046 |
3,086,281 |
| Interest and dividends |
1,852,927 |
1,800,832 |
| Other income and support |
1,694,119 |
1,659,861 |
| Net cash provided by (used in) operating activities |
836,848 |
2,983,870 |
Cash flows from investing activities |
| Proceeds from sales of marketable securities |
$31,332,159 |
$12,562,687 |
| Purchase of marketable securities |
(32,146,952) |
(13,609,124) |
| Purchase of property and equipment |
(579,899) |
(670,432) |
| Net cash (used in) provided by investing activities |
(1,394,692) |
(1,716,869) |
Cash flows from financing activities |
| Proceeds from contributions restricted for investment subject to annuity agreements |
$170,010 |
$25,412 |
| Payments of annuity obligations |
(105,508) |
(109,884) |
| Net cash used in financing activities |
64,502 |
(84,472) |
| (Decrease) increase in cash and cash equivalents |
(493,342) |
1,182,529 |
| Cash and cash equivalents, beginning of year |
5,703,068 |
4,520,539 |
| Cash and cash equivalents, end of year |
$5,209,726 |
$5,703,068 |
Reconciliation of change in net assets to net cash
provided by operating activities |
| Change in net assets |
$15,402,387 |
$(749,974) |
| Adjustments: |
| Depreciation |
734,067 |
925,388 |
| Unrealized (gain) loss on investments held |
(9,993,993) |
3,834,120 |
| Realized gain on investments |
(2,665,688) |
(1,522,770) |
| Allowance for bad debts |
4,959 |
11 |
| (Decrease) increase in cash due to changes in: |
| Accounts receivable, trade |
31,622 |
146,568 |
| Government programs receivable |
128,694 |
222,107 |
| Split-interest agreements |
(9,961) |
3,226 |
| Inventories |
(1,453,774) |
55,632 |
| Prepaid expenses |
(32,886) |
(55,553) |
| Other receivable |
- |
(1,300,000) |
| Accounts payable and customer deposits |
(65,973) |
298,938 |
| Accrued expenses |
178,963 |
225,532 |
| Annuities payable |
32,837 |
4,584 |
| Underfunded benefit plan obligation |
(1,454,406) |
896,061 |
| Net cash provided by operating activities |
836,848 |
2,983,870 |
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