Comprehensive Annual Financial Report - Metro Transit

Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictCombined Statements of Cash FlowsFor the years ended June 30, 2011 and 20102011 2010Reconciliation of operating loss to net cashused for operating activitiesOperating loss $ (245,659,206) $ (230,086,009)Adjustments to reconcile operatingloss to net cash used for operating activitiesDepreciation and amortization78,296,734 77,216,621Changes in assets and liabilitiesReceivables Materials and suppliesPrepaid expenses, deferred charges andother current assets303,323(1,416,088)(1,215,965)250,257(193,393)(71,994)Accounts payableOther current liabilitiesAccrued expensesOther post employment benefits liabilitySelf-insurance liability2,630,0057,602,291(331,129)7,623,9992,085,758(1,938,503)(8,143)2,193,0137,919,002(578,378)Total adjustments 95,578,928 84,788,482Net cash used for operating activities $ (150,080,278) $ (145,297,527)Supplemental Disclosure ofCash Flow InformationNon-cash Activities:Unrealized gain on investment heldto pay capital lease/leaseback liability $ - $ 6,787,676Interest rate swap termination liability - 575,200Payments of capital lease obligationInterest accrued on capital lease obligation22,932,0006,757,352202,891,95516,123,598Interest earnings on investments held topay capital lease/leaseback liability 4,560,766 9,491, 546Remarketing of 2005 debt 145,290,000 -Loss on 1995 capital lease termination 6,488,743 -5See Accompanying Notes to Combined Financial Statements15