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Ford Foundation - General »
Ford Foundation Annual Report 1998
Statement of Cash Flows
|
For the year ended
September 30 |
|
1998 |
1997 |
|
(in
thousands) |
| Cash flows from
operating activities: |
|
|
| Change in unrestricted
fund balance |
$ 74,190 |
$1,391,008 |
| Adjustments to reconcile
change in unrestricted fund balance to net cash provided by
operating activities: |
|
|
| Unrealized depreciation
(appreciation) on |
440,854 |
(886,162) |
| investments |
|
|
| Depreciation |
5,419 |
4,984 |
| Provision for possible
losses on program-related investments |
1,138 |
204 |
| Deferred (benefit)
provision for federal excise taxes |
(4,409) |
8,862 |
| Decrease (increase) in
current federal excise tax receivable |
102 |
(2) |
| (Increase) decrease in
other receivables and assets |
(451) |
896 |
| Loans disbursed for
program-related investments |
(13,000) |
(8,250) |
| Repayments of
program-related investments |
7,456 |
6,417 |
| Grant approvals |
460,854 |
383,034 |
| Grant payments |
(439,323) |
(387,783) |
| (Decrease) increase in
payables and other liabilities |
(14,834) |
5,858 |
| Net cash provided by
operations |
517,996 |
519,066 |
| Cash flows from
investing activities: |
|
|
| Proceeds from sale of
investments |
8,880,448 |
6,005,040 |
| Purchase of
investments |
(9,389,770) |
(6,516,327) |
| Purchase of fixed
assets |
(8,590) |
(7,516) |
| Net cash used by investing
activities |
(517,912) |
(518,803) |
| Net increase in
cash |
84 |
263 |
| Cash at beginning of
year |
1,091 |
828 |
| Cash at end of year |
$ 1,175 |
$
1,091 |
See
Notes to Financial Statements