Report for the academic year - Libraries - Institute for Advanced Study

Institute for advanced study
STATEMENT OF CASH FLOWS
YEAR ENDED JUNE 30, 2000 (WITH COMPARATIVE TOTALS FOR 1999)
CASH FLOWS FROM OPERATING ACTIVITIES:
2000 1999
Change in net assets
Adjustments to reconcile change in net assets to
$23,000,305 $ 1,933,775
net cash used in operating activities:
Depreciation 2,479,525 2,055,693
Decrease in accrued income 49,303 321,262
Decrease in accounts and giants receivable 304,337 539,207
Decrease in contributions receivable 149,996 854,857
(Decrease) increase in accounts payable (99,212) 1,458,898
Decrease (increase) in prepaid and other assets 61,928 (194,634)
Increase in refundable advances 368,413 1,770,221
(Decrease) increase in accrued management fees (2,024,258) 1,836,755
Contributions restricted for long-term investments (7,753,013) (1,652,470)
Net realized and unrealized gains on
long-term investments (22,798,857) (6,062,441)
Gain on sale of capital assets (162,037) (847.019)
Net cash (used in) provided by
operating activities (6,423,570) 2,014,104
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of capital assets 2,389,680 2,729,304
Purchase of capital assets (8,628,309) (16,881,223)
Proceeds from sale of investments 181,766,108 208,526,124
Purchase of investments (188,032,433) (208,182,147)
Net cash used in investing activities (12,504,954) (13,807,942)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from contributions restricted for:
Investment in endowment
Investment in plant
Investment subject to annuity agreements
Other financing activities:
Increase in trust fund obligations
Decrease in unamortized debt issuance expense
(Decrease) increase in long-term debt
Decrease in notes payable
Decrease in investment receivable-bond issue
Net cash provided by financing activities
NET (DECREASE) INCREASE IN CASH
CASH, BEGINNING OF YEAR
CASH, END OF YEAR
SUPPLEMENTAL DATA:
Interest paid
6,123,952
387,806
1,241,255
7,753,013