| | 2018 | 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Reconciliation of cash and cash equivalents to the statements of net position | ||||||||||
Unrestricted cash and cash equivalents-current | $71,893,409 | $51,380,071 | ||||||||
Restricted cash and cash equivalents-current and noncurrent | 6,890,395 | 10,239,003 | ||||||||
| Total cash and cash equivalents | $78,783,804 | $61,619,074 | ||||||||
Reconciliation of operating loss to net cash used in operating activities | ||||||||||
Operating loss | ($186,781,591) | ($183,270,163) | ||||||||
Adjustments to reconcile operating loss to net cash | ||||||||||
used in operating activities | ||||||||||
Depreciation expense | 75,485,224 | 72,374,750 | ||||||||
Pension expense | 62,225,221 | 76,777,201 | ||||||||
OPEB expense | 23,184,939 | - | ||||||||
Bad debt expense | 430,220 | 1,482,708 | ||||||||
Changes in assets and liabilities | ||||||||||
Accounts and other receivables | (15,486,951) | (2,465,406) | ||||||||
Inventories and other assets | 4,885,059 | (14,723,212) | ||||||||
Pension obligations | (48,018,757) | (45,024,221) | ||||||||
OPEB obligations | (7,988,277) | - | ||||||||
Accounts payable and accrued liabilities | 6,692,309 | 8,773,073 | ||||||||
Unearned revenue | 1,593,482 | 34,488,560 | ||||||||
Deposits | (964,012) | - | ||||||||
| Net cash used in operating activities | ($84,743,134) | ($51,586,710) | ||||||||
Supplemental noncash activities information | ||||||||||
Gift of capital assets | $29,323,327 | $5,984,061 | ||||||||
Change in accrued capital asset purchases | (8,695,462) | 7,148,721 | ||||||||
Loss on the disposal of capital assets | (218,712) | (940,920) | ||||||||
Gain on land exchange | 2,404,900 | - | ||||||||
Crimson Tide Foundation | 2,848,889 | 2,722,854 | ||||||||
| See accompanying notes to financial statements. |