Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended June 30, 2012
(Expressed in Thousands)
Business-Type Activities
Enterprise Funds
University of
Connecticut &
Health Center
State
Universities
Bradley
International
Airport
Connecticut
Lottery
Corporation
Cash Flows from Operating Activities
Receipts from Customers $900,080 $344,698 $47,408 $1,071,031
Payments to Suppliers (529,283) (174,920) (26,582) (69,633)
Payments to Employees (1,093,645) (424,560) (15,279) (15,153)
Other Receipts (Payments) 325,422 81,205 - (659,816)
Net Cash Provided by (Used in) Operating Activities (397,426) (173,577) 5,547 326,429
Cash Flows from Noncapital Financing Activities
Proceeds from Sale of Bonds - - - -
Retirement of Bonds and Annuities Payable - - - (26,691)
Interest on Bonds and Annuities Payable - - - (10,225)
Transfers In 399,441 220,546 10,267 -
Transfers Out - - - (310,000)
Other Receipts (Payments) 31,870 3,611 - 214
Net Cash Flows from Noncapital Financing Activities 431,311 224,157 10,267 (346,702)
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment (158,611) (73,260) (5,353) (28)
Proceeds from Capital Debt 200,000 49,040 - -
Principal Paid on Capital Debt (90,400) (69,526) (13,290) -
Interest Paid on Capital Debt (49,723) (11,572) (7,279) -
Transfer In 137,739 52,240 - -
Federal Grant - - - -
Capital Contributions - - 6,402 -
Other Receipts (Payments) 1,789 (571) 14,475 -
Net Cash Flows from Capital and Related Financing Activities 40,794 (53,649) (5,045) (28)
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - 34,791 - 26,663
Purchase of Investment Securities (54) (23,893) (4,652) (2,114)
Interest on Investments 1,053 1,132 577 10,264
(Increase) Decrease in Restricted Assets - - - -
Other Receipts (Payments) 6,393 - - -
Net Cash Flows from Investing Activities 7,392 12,030 (4,075) 34,813
Net Increase (Decrease) in Cash and Cash Equivalents 82,071 8,961 6,694 14,512
Cash and Cash Equivalents - Beginning of Year 427,396 293,185 130,161 16,616
Cash and Cash Equivalents - End of Year $509,467 $302,146 $136,855 $31,128
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $(555,616) $(216,249) $(9,666) $311,907
Adjustments not Affecting Cash:
Depreciation and Amortization 119,353 51,764 16,920 448
Other 87,352 - - (48)
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net (747) (4,412) (215) (10,561)
(Increase) Decrease in Due from Other Funds - - - -
(Increase) Decrease in Inventories and Other Assets 6,131 (273) - 1,539
Increase (Decrease) in Accounts Payables & Accrued Liabilities (53,899) (4,528) (1,492) 23,144
Increase (Decrease) in Due to Other Funds - 121 - -
Total Adjustments 158,190 42,672 15,213 14,522
Net Cash Provided by (Used In) Operating Activities $(397,426) $(173,577) $5,547 $326,429
Reconciliation of Cash and Cash Equivalents to the Statement
of Net Assets
Cash and Cash Equivalents - Current $347,139 $179,587 $22,929
Cash and Cash Equivalents - Noncurrent 1,420 122,559 -
Cash and Cash Equivalents - Restricted 160,908 - 113,926
$509,467 $302,146 $136,855

Business-Type Activities
Enterprise Funds
Governmental
Activities
Employment
Security
Clean
Water
Other
Funds
Total Internal
Service
Funds
Cash Flows from Operating Activities
Receipts from Customers $865,189 $86,420 $156,859 $3,471,685 $53,558
Payments to Suppliers - (9,645) (84,746) (894,809) (112,299)
Payments to Employees - (1,136) (363,251) (1,913,024) (12,754)
Other Receipts (Payments) (820,897) (72,811) 94,555 (1,052,342) 529
Net Cash Provided by (Used in) Operating Activities 44,292 2,828 (196,583) (388,490) (70,966)
Cash Flows from Noncapital Financing Activities
Proceeds from Sale of Bonds - - - - -
Retirement of Bonds and Annuities Payable - (70,687) (6,508) (103,886) -
Interest on Bonds and Annuities Payable - (35,226) (2,391) (47,842) -
Transfers In - 3,656 231,726 865,636 -
Transfers Out (3,364) - (10,267) (323,631) -
Other Receipts (Payments) (40,928) - 11,509 6,276 88,514
Net Cash Flows from Noncapital Financing Activities (44,292) (102,257) 224,069 396,553 88,514
Cash Flows from Capital and Related Financing Activities
Additions to Property, Plant, and Equipment - - (10,090) (247,342) (16,465)
Proceeds from Capital Debt - - - 249,040 -
Principal Paid on Capital Debt - - - (173,216) -
Interest Paid on Capital Debt - - (3,172) (71,746) -
Transfer In - - 45,452 235,431 -
Federal Grant - 4,213 5,918 10,131 -
Capital Contributions - - - 6,402 -
Other Receipts (Payments) - - (83,338) (67,645) -
Net Cash Flows from Capital and Related Financing Activities - 4,213 (45,230) (58,945) (16,465)
Cash Flows from Investing Activities
Proceeds from Sales and Maturities of Investments - - - 61,454 -
Purchase of Investment Securities - - - (30,713) -
Interest on Investments - 14,317 1,406 28,749 2
(Increase) Decrease in Restricted Assets - 13,218 - 13,218 -
Other Receipts (Payments) - 69,203 (6,521) 69,075 -
Net Cash Flows from Investing Activities - 96,738 (5,115) 141,783 2
Net Increase (Decrease) in Cash and Cash Equivalents - 1,522 (22,859) 90,901 1,085
Cash and Cash Equivalents - Beginning of Year - 2,014 153,939 1,023,311 8,142
Cash and Cash Equivalents - End of Year $- $3,536 $131,080 $1,114,212 $9,227
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used In) Operating Activities
Operating Income (Loss) $44,292 $6,800 $(258,455) $(676,987) $2,547
Adjustments not Affecting Cash:
Depreciation and Amortization - - 22,618 211,103 15,170
Other - - (10,121) 77,183 -
Change in Assets and Liabilities:
(Increase) Decrease in Receivables, Net (5,159) (3,972) (870) (25,936) (2,585)
(Increase) Decrease in Due from Other Funds 148 - - 148 1,639
(Increase) Decrease in Inventories and Other Assets 179,762 - 56,824 243,983 8
Increase (Decrease) in Accounts Payables & Accrued Liabilities (177,849) - (6,579) (221,203) (87,745)
Increase (Decrease) in Due to Other Funds 3,098 - - 3,219 -
Total Adjustments - (3,972) 61,872 288,497 (73,513)
Net Cash Provided by (Used In) Operating Activities $44,292 $2,828 $(196,583) $(388,490) $(70,966)
Reconciliation of Cash and Cash Equivalents to the Statement
of Net Assets
Cash and Cash Equivalents - Current $131,061
Cash and Cash Equivalents - Noncurrent -
Cash and Cash Equivalents - Restricted 19
$131,080

The accompanying notes are an integral part of the financial statements.