| Statement of Cash Flows | |||||||||
| Proprietary Funds | |||||||||
| For the Fiscal Year Ended June 30, 2002 | |||||||||
| (Expressed in Thousands) | |||||||||
| Business-Type Activities |
Business-Type Activities |
Govern- mental |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Enterprise Funds | Enterprise Funds | Activities | |||||||
| Bradley |
Connec- ticut |
Second Injury |
Internal | ||||||
| Higher |
Inter- national |
Lottery |
Employ- ment |
& Compen- sation |
Clean | Other | Service | ||
|
Edu- cation |
Airport |
Corpor- ation |
Security | Assurance | Water | Funds | Total | Funds | |
| Cash Flows from Operating Activities | |||||||||
| Receipts from Customers | $843,493 | $31,319 | $908,498 | $626,041 | $111,110 | $47,767 | $17,760 | $2,585,988 | $120,276 |
| Payments to Suppliers | (503,343) | (15,643) | (23,322) | - | - | - | (11,603) | (553,911) | (105,875) |
| Payments to Employees | (1,141,856) | (11,899) | (9,225) | - | (8,419) | (680) | (1,082) | (1,173,161) | (33,459) |
| Other Receipts (Payments) | 59,379 | - | (598,842) | (701,510) | (37,591) | (49,204) | (8,925) | (1,336,693) | 38,051 |
| Net Cash Provided by (Used in) Operating Activities | (742,327) | 3,777 | 277,109 | (75,469) | 65,100 | (2,117) | (3,850) | (477,777) | 18,993 |
| Cash Flows from Noncapital Financing Activities | |||||||||
| Retirement of Bonds and Annuities Payable | (130) | - | (40,278) | - | (94,530) | (31,040) | - | (165,978) | - |
| Interest of Bonds and Annuities Payable | - | - | (37,140) | (156) | (13,565) | (29,100) | (1,165) | (81,126) | - |
| Transfers In | 835,211 | 8,338 | - | 3,086 | - | 6,743 | - | 853,378 | - |
| Transfers Out | - | - | (282,755) | (6,314) | - | - | (8,884) | (297,953) | - |
| Other Receipts (Payments) | 15,506 | - | - | - | (1,637) | 12,793 | 6,730 | 33,392 | - |
| Net Cash Flows from Noncapital Financing Activities | 850,587 | 8,338 | (360,173) | (3,384) | (109,732) | (40,604) | (3,319) | 341,713 | - |
| Cash Flows from Capital and Related Financing Activities | |||||||||
| Additions to Property, Plant and Equipment | (212,378) | (82,417) | (269) | - | (27) | - | (1,958) | (297,049) | (24,258) |
| Proceeds from Capital Debt | 164,965 | - | - | - | - | - | - | 164,965 | 921 |
| Principal Paid on Capital Debt | (45,922) | (3,860) | - | - | - | - | - | (49,782) | - |
| Interest Paid on Capital Debt | (33,740) | (15,356) | - | - | - | - | (3,583) | (52,679) | - |
| Transfer In | 85,157 | - | - | - | - | - | - | 85,157 | - |
| Capital Contributions | - | 7,915 | - | - | - | - | - | 7,915 | - |
| Other Receipts (Payments) | 50,944 | 14,050 | - | - | - | - | - | 64,994 | - |
| Net Cash Flows from Capital and Related Financing Activities | 9,026 | (79,668) | (269) | - | (27) | - | (5,541) | (76,479) | (23,337) |
| Cash Flows from Investing Activities | |||||||||
| Proceeds from Sales and Maturities of Investments | 14,548 | 51,665 | 40,760 | 34,534 | 34,009 | 24,783 | 10,765 | 211,064 | - |
| Purchase of Investment Securities | (76,910) | - | (4,267) | - | - | - | - | (81,177) | - |
| Interest on Investments | 14,117 | 10,969 | 37,842 | 41,945 | 2,223 | 22,442 | 1,991 | 131,529 | 1,154 |
| Net Cash Flows from Investing Activities | (48,245) | 62,634 | 74,335 | 76,479 | 36,232 | 47,225 | 12,756 | 261,416 | 1,154 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 69,041 | (4,919) | (8,998) | (2,374) | (8,427) | 4,504 | 46 | 48,873 | (3,190) |
| Cash and Cash Equivalents -Beginning of Year (as restated) | 434,771 | 90,392 | 28,274 | 2,374 | 24,604 | 1,019 | 13 | 581,447 | 15,431 |
| Cash and Cash Equivalents -End of Year | $503,812 | $85,473 | $19,276 | $- | $16,177 | $5,523 | $59 | $630,320 | $12,241 |
| Reconciliation of Operating Income (Loss) to Net Cash | |||||||||
| Provided by (Used In) Operating Activities | |||||||||
| Operating Income (Loss) | $(846,541) | $(7,791) | $271,653 | $(92,401) | $60,130 | $10,909 | $3,099 | $(600,942) | $(9,448) |
| Adjustments not Affecting Cash: | |||||||||
| Depreciation and Amortization | 105,605 | 11,008 | 935 | - | - | - | 1,004 | 118,552 | 12,932 |
| Others | 942 | - | 4,463 | - | - | - | - | 5,405 | - |
| Change in Assets and Liabilities: | |||||||||
| (Increase) Decrease in Receivables, Net | (4,621) | (3,675) | 304 | (17,664) | (8,154) | (13,026) | (8,041) | (54,877) | (2,384) |
| (Increase) Decrease in Due From Other Funds | (17,930) | - | - | - | - | - | - | (17,930) | (888) |
| (Increase) Decrease in Inventories and Other Assets | (1,311) | - | (702) | 58,108 | (14) | - | 88 | 56,169 | 567 |
| Increase (Decrease) in Accounts Payables & Accrued Liabilities | 22,236 | 10 | 456 | (65) | 13,135 | - | - | 35,772 | (23,119) |
| Increase (Decrease) in Due To Other Funds | (707) | 4,225 | - | (23,447) | 3 | - | - | (19,926) | 41,333 |
| Total Adjustments | 104,214 | 11,568 | 5,456 | 16,932 | 4,970 | (13,026) | (6,949) | 123,165 | 28,441 |
| Net Cash Provided by (Used In) Operating Activities | $(742,327) | $3,777 | $277,109 | $(75,469) | $65,100 | $(2,117) | $(3,850) | $(477,777) | $18,993 |
| Noncash Investing, Noncapital Financing and Capital and Related | |||||||||
| Financing Transactions | |||||||||
| Fixed Assets Acquired by Incurring Capital Lease Obligations | 236 | - | - | - | - | - | - | 236 | - |
| Change in Receivable from State Affecting Proceeds of Capital Debt | 3,655 | - | - | - | - | - | - | 3,655 | - |
| Bond Issuance Costs Reducing Proceeds of Long-Term Debt | (308) | - | - | - | - | - | - | (308) | - |
| Change in Accrued Interest Payable Affecting Interest Paid | (1,683) | - | - | - | - | - | - | (1,683) | - |
| Bond Premium Affecting Cost, Increasing Bond Proceeds | 622 | - | - | - | - | - | - | 622 | - |
| Reconciliation of Cash and Cash Equivalents to the Statement | |||||||||
| of Net Assets | |||||||||
| Cash and Cash Equivalents - Current | $429,820 | $15,745 | |||||||
| Cash and Cash Equivalents - Noncurrent | 63,073 | - | |||||||
| Cash and Cash Equivalents - Restricted | 10,919 | 69,728 | |||||||
| $503,812 | $85,473 | ||||||||
The accompanying notes are an integral part of the financial statements.