The Greeley and Loveland Irrigation Company Statements of Cash Flows for the Years ended October 31 2000 and 1999

Home Browse Search

THE GREELEY AND LOVELAND IRRIGATION COMPANY Greeley, Colorado Statements of Cash Flows For The Years Ended October 31, 2000 and 1999 Total = 32,464 120,862 The accompanying notes are an integral part of these financial statements. Exhibit 3 6 2000 1999 Cash Flows From Operating Activities Net Income 19,165 477,706 Adjustments to Reconcile Net Income to Net Cash Provided by (Used by) Operating Activities: Depreciation 68,626 63,306 Deferred Income Taxes (14,958) 3,523 Gain on Sale of Assets - (554,968) (Increase) Decrease in Assets: Receivables 5,254 (2,260) Prepaid Expenses (4,179) 1,380 Increase (Decrease) in Liabilities: Accounts Payable 14,501 8,625 Accrued Liabilities (13,323) 3,688 Nonrefundable Escrow Obligations - (5,000) Net Cash Provided by (Used by) Operating Activities 75,086 (4,000) Cash Flows From Investing Activities Proceeds From Sales of Assets - 560,102 Expense of Sale of Assets - (1,445) Purchases of Property and Equipment (72,927) (509,411) (Increase) Decrease in Investments (9,733) (297,812) Net Cash Used by Investing Activities (82,660) (248,566) Cash Flows From Financing Activities Proceeds From Long -Term Debt - 299.816 Repayment of Long -Term Debt (7,730) (42,847) Net Cash Provided by (Used by) Financing Activities (7,730) 256,969 Net Change in Cash and Cash Equivalents (15,304) 4,403 Cash and Cash Equivalents - Beginning of Year 151,503 147,100 Cash and Cash Equivalents - End of Year 136,199 1511503 Sup lemental.Cash Flow Detail Amounts paid in cash for interest and income taxes during the periods: Interest Paid 13,317 2,669 Income Taxes Paid 19,147 118,193 Total = 32,464 120,862 The accompanying notes are an integral part of these financial statements. Exhibit 3 6