Amtrak 2013 Annual Report Download - page 47

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2013 2012
Cash flows from operating activities
Net loss (1,275,554)$ (1,255,014)$
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation 687,061 647,656
Loss on sale of property and equipment 81 9,025
Gain on exercise of early buyout option (19,567) –
Loss on early extinguishment of debt 10,476 3,771
Other 10,649 279
Changes in assets and liabilities:
Accounts receivable 6,899 (40,673)
Materials and supplies (13,287) (18,402)
Prepaid expenses (2,511) (595)
Other current assets 10,460 4,910
Other assets, deposits, and deferred charges 50,664 64,733
Accounts payable, deferred ticket revenue, accrued expenses and other
current liabilities 76,200 (65,887)
Deferred state capital payments (37,451) (32,737)
Other liabilities and deferred credits 131,066 77,479
Net cash used in operating activities (364,814) (605,455)
Cash flows from investing activities
Change in restricted cash and cash equivalents 1,317 49,117
Purchases and refurbishments of property and equipment (1,013,136) (907,592)
Proceeds from disposals of property and equipment 1,254 4,549
Net cash used in investing activities (1,010,565) (853,926)
Cash flows from financing activities
Proceeds from federal paid-in capital 1,489,772 1,771,986
Proceeds from federal and state capital payments 130,778 115,332
Purchase of noncontrolling interest – (440)
Repayments of debt and capital lease obligations (283,858) (432,518)
Proceeds from issuance of debt 110,147 89,062
Net cash provided by financing activities 1,446,839 1,543,422
Net change in cash and cash equivalents 71,460 84,041
Beginning balance of cash and cash equivalents 210,820 126,779
Ending balance of cash and cash equivalents 282,280$ 210,820$
Supplemental disclosure of cash payments
Interest paid, net of amount capitalized 73,214$ 94,275$
Supplemental disclosure of noncash investing and financing activities
Debt and capital lease reduction through use of escrow deposits/notes receivable 400$ (996)$
New equipment purchases under capital lease obligations –$ 394$
Other non-cash changes in property, includes accruals of amounts due for purchases 4,783$ 35,271$
See accompanying notes.
Year Ended September 30
National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Consolidated Statements of Cash Flows
(In Thousands of Dollars)
1411-1359280 8