FY18 Annual Report NTFB Annual Report 2018 - Page 17

FINANCIALS Consolidated Statement of Cash Flow Year Ended June 30, 2018 Operating Activities 2018 Change in net assets $ 12,916,794 Items not requiring (providing) operating cash Depreciation and amortization 1,271,071 Unrealized losses on investments 243,655 Realized gains on investments (409,713) Capital campaign public support (12,045,041) Changes in Accounts receivable 57,878 Inventories (1,407,958) Prepaid expenses and other assets 34,854 Accounts payable and accrued expenses 142,490 Deferred rent (83,159) Net cash provided by operating activities 720,871 Investing Activities Proceeds from disposition of property and equipment 69,068 Purchase of property and equipment (15,894,404) Issuance of notes receivable (16,838,300) Proceeds from sale of investments 480,806 Purchase of investments (3,243,101) Net cash used in investing activities (35,425,931) Financing Activities Proceeds from capital campaign contributions restricted for strategic plan 19,020,774 Proceeds from issuance of notes payable to bank 32,800,089 Principal payments on notes payable to bank (10,434,300) Net cash provided by financing activities 41,386,563 Increase in Cash and Cash Equivalents 6,681,503 Cash and Cash Equivalents, Beginning of Year 2,570,631 Cash and Cash Equivalents, End of Year $ 9,252,134 Supplemental Cash Flow Information Interest paid $ 395,735 Noncash Activity Donated food received Donated food distributed Additions to property and equipment included in accounts payable $ 105,573,633 $ 104,343,139 $ 1,501,786 Reconciliation of Cash and Cash Equivalents to the Consolidated Statement of Financial Position Cash and cash equivalents, current assets $ Cash and cash equivalents, noncurrent assets Total cash and cash equivalents $ 992,607 8,259,527 9,252,134 Please see full Audited Financial Statements at www.ntfb.org for notes and other supplementary information that is integral to the financial statements. An estimated wholesale value of the donated food and commodities is included in both the Statement of Financial Position and the Statement of Activities. Donated inventory is valued at an average of the national wholesale prices as determined by an independent study provided by Feeding America. Annual Report FY 2018 North Texas Food Bank 17