INTERNATIONAL HOUSE OF PHILADELPHIA AND INTERNATIONAL HOUSE CENTER, INC. COMBINED STATEMENTS OF CASH FLOWS YEARS ENDED JUNE 30, 2013 AND 2012
2013
2012
$ 233,517
$ (137,701)
(160,159) 578,712
9,333 601,086
(5,093) 36,952 (7,268)
50,853 217,233 (8,114)
(9,806) ‐ 12,904 33,180 712,939
(68,249) (11,209) 2,431 (5,548) 650,115
CASH FLOWS FROM INVESTING ACTIVITIES Purchase of Investments Sale of Investments Purchase of Property and Equipment Net Cash Used by Investing Activities
(32,345) 42,552 (157,109) (146,902)
(33,435) ‐ (189,218) (222,653)
CASH FLOWS FROM FINANCING ACTIVITIES Repayment of Line of Credit Proceeds from Long‐Term Debt Repayment of Long‐Term Debt Net Cash Used by Financing Activities
‐ ‐ (270,019) (270,019)
(267,000) 65,000 (255,928) (457,928)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
296,018
(30,466)
Cash and Cash Equivalents ‐ Beginning of Year
219,578
250,044
CASH AND CASH EQUIVALENTS ‐ END OF YEAR
$ 515,596
$ 219,578
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Interest Paid
$ 97,685
$ 124,352
CASH FLOWS FROM OPERATING ACTIVITIES Changes in Net Assets Adjustments to Reconcile Changes in Net Assets to Net Cash Provided by Operating Activities: Unrealized (Gain) Loss on Investments Depreciation and Amortization (Increase) Decrease in: Accounts Receivable Pledges Receivable Prepaid Expenses Increase (Decrease) in: Accounts Payable Security Deposits Accrued Expenses Unearned Income Net Cash Provided by Operating Activities
See accompanying Notes to Combined Financial Statements (6)