| Statement of Cash Flows | |||||||||
| Proprietary Funds | |||||||||
| For the Fiscal Year Ended June 30, 2003 | |||||||||
| (Expressed in Thousands) | |||||||||
| Business-Type Activities |
Govern- mental |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| Enterprise Funds | Activities | ||||||||
| Bradley |
Connec- ticut |
Internal | |||||||
| Higher |
Inter- national |
Lottery |
Employ- ment |
Clean | Other | Service | |||
|
Edu- cation |
Airport |
Corpor- ation |
Security | Water | Funds | Total | Funds | ||
| Cash Flows from Operating Activities | |||||||||
| Receipts from Customers | $919,198 | $36,120 | $865,798 | $767,849 | $45,951 | $118,532 | $2,753,448 | $120,459 | |
| Payments to Suppliers | (214,387) | (14,296) | (18,926) | (963,201) | - | (9,169) | (1,219,979) | (82,748) | |
| Payments to Employees | (1,293,101) | (11,930) | (9,256) | - | (463) | (8,777) | (1,323,527) | (31,314) | |
| Other Receipts (Payments) | (25,883) | - | (576,122) | (9,518) | (52,630) | (58,216) | (722,369) | - | |
| Net Cash Provided by (Used in) Operating Activities | (614,173) | 9,894 | 261,494 | (204,870) | (7,142) | 42,370 | (512,427) | 6,397 | |
| Cash Flows from Noncapital Financing Activities | |||||||||
| Proceeds from Sale of Bonds | 100,533 | - | - | - | - | 100,533 | - | ||
| Retirement of Bonds and Annuities Payable | (140) | - | (40,505) | - | (27,050) | (42,890) | (110,585) | - | |
| Interest on Bonds and Annuities Payable | - | - | (34,121) | - | (28,088) | (9,948) | (72,157) | - | |
| Transfers In | 693,456 | 8,516 | - | - | - | 6,844 | 708,816 | - | |
| Transfers Out | - | - | (256,815) | (3,251) | (644) | (8,516) | (269,226) | - | |
| Other Receipts (Payments) | 25,511 | - | - | - | (363) | (4,113) | 21,035 | (1,027) | |
| Net Cash Flows from Noncapital Financing Activities | 819,360 | 8,516 | (331,441) | (3,251) | (56,145) | (58,623) | 378,416 | (1,027) | |
| Cash Flows from Capital and Related Financing Activities | |||||||||
| Additions to Property, Plant and Equipment | (281,895) | (68,543) | (349) | - | - | (91) | (350,878) | (7,760) | |
| Proceeds from Capital Debt | 164,785 | 6,454 | - | - | - | - | 171,239 | - | |
| Principal Paid on Capital Debt | (54,921) | (5,775) | - | - | - | - | (60,696) | - | |
| Interest Paid on Capital Debt | (39,094) | (14,159) | - | - | - | (3,582) | (56,835) | - | |
| Transfer In | 139,965 | - | - | - | - | - | 139,965 | - | |
| Capital Contributions | - | 8,059 | - | - | 17,602 | 16,483 | 42,144 | 179 | |
| Other Receipts (Payments) | (54,434) | 10,654 | 25 | - | - | (14) | (43,769) | - | |
| Net Cash Flows from Capital and Related Financing Activities | (125,594) | (63,310) | (324) | - | 17,602 | 12,796 | (158,830) | (7,581) | |
| Cash Flows from Investing Activities | |||||||||
| Proceeds from Sales and Maturities of Investments | 92 | 38,688 | 40,668 | 174,349 | 18,319 | 2,472 | 274,588 | - | |
| Purchase of Investment Securities | (102,053) | - | - | - | - | - | (102,053) | - | |
| Interest on Investments | 13,080 | 7,413 | 35,961 | 33,772 | 22,287 | 4,358 | 116,871 | 83 | |
| Other Receipts (Payments) | - | - | - | - | - | (6,805) | (6,805) | - | |
| Net Cash Flows from Investing Activities | (88,881) | 46,101 | 76,629 | 208,121 | 40,606 | 25 | 282,601 | 83 | |
| Net Increase (Decrease) in Cash and Cash Equivalents | (9,288) | 1,201 | 6,358 | - | (5,079) | (3,432) | (10,240) | (2,128) | |
| Cash and Cash Equivalents -Beginning of Year | 503,812 | 85,473 | 19,276 | - | 5,523 | 16,236 | 630,320 | 12,241 | |
| Cash and Cash Equivalents -End of Year | $494,524 | $86,674 | $25,634 | $- | $444 | $12,804 | $620,080 | $10,113 | |
| Reconciliation of Operating Income (Loss) to Net Cash | |||||||||
| Provided by (Used In) Operating Activities | |||||||||
| Operating Income (Loss) | $(820,124) | $(7,480) | $255,211 | $(182,825) | $11,527 | $55,979 | $(687,712) | $844 | |
| Adjustments not Affecting Cash: | |||||||||
| Depreciation and Amortization | 126,609 | 12,913 | 839 | - | - | 1,006 | 141,367 | 9,848 | |
| Others | 41,805 | - | 465 | - | - | - | 42,270 | - | |
| Change in Assets and Liabilities: | |||||||||
| (Increase) Decrease in Receivables, Net | (21,538) | (245) | (436) | (8,447) | (18,669) | (16,202) | (65,537) | (2,495) | |
| (Increase) Decrease in Due from Other Funds | 33,428 | - | - | (4,079) | - | - | 29,349 | (116) | |
| (Increase) Decrease in Inventories and Other Assets | 1,776 | - | 212 | - | - | 32 | 2,020 | (803) | |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | 24,505 | 4,706 | 5,203 | - | - | 1,555 | 35,969 | 1,816 | |
| Increase (Decrease) in Due to Other Funds | (634) | - | - | (9,519) | - | - | (10,153) | (2,697) | |
| Total Adjustments | 205,951 | 17,374 | 6,283 | (22,045) | (18,669) | (13,609) | 175,285 | 5,553 | |
| Net Cash Provided by (Used In) Operating Activities | $(614,173) | $9,894 | $261,494 | $(204,870) | $(7,142) | $42,370 | $(512,427) | $6,397 | |
| Reconciliation of Cash and Cash Equivalents to the Statement | |||||||||
| of Net Assets | |||||||||
| Cash and Cash Equivalents - Current | $362,038 | $17,555 | |||||||
| Cash and Cash Equivalents - Noncurrent | 120,772 | - | |||||||
| Cash and Cash Equivalents - Restricted | 11,714 | 69,119 | |||||||
| $494,524 | $86,674 | ||||||||
The accompanying notes are an integral part of the financial statements.