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National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Notes to Consolidated Financial Statements (continued)
1411-1359280 16
2. Restatement of 2012 Financial Statements (continued)
Consolidated S tatement of Cash Flows
As Pre vi ous l y
Re porte d Adjus tme nts As Re s tate d
(in thousands of dollars)
Cash flows from operating activities
N
et loss ............................................................................................................................................................. $ (1,239,435) $ (15,579) $ (1,255,014) (a), (b), (c)
Adjust ments to reconcile net loss to net cash used in op erating activities:
Depreciation ........................................................................................................................................... 663,743 (16,087) 647,656 (a), (c)
Gain on sale of property and equipment..................................................................................................... 2,508 6,517 9,025 (a)
Loss on early extinguishment of debt .........................................................................................................
.
3,771 – 3,771
Other ........................................................................................................................................................... (8,595) 8,874 279 (c)
Changes in assets and liabilit ies: –
Accounts receivable ...................................................................................................................................
.
(38,910) (1,763) (40,673) (c)
Materials and supplies ..............................................................................................................................
.
(10,419) (7,983) (18,402) (c)
Prepaid exp enses .......................................................................................................................................
.
(675) 80 (595) (c)
Other current assets ................................................................................................................................... 7,741 (2,831) 4,910 (c)
Other assets, deposits, and deferred charges .............................................................................................
.
45,171 19,562 64,733 (a), (c)
Accounts p ay able, deferred ticket revenue, accrued expenses and other current liabilities……………… (64,219) (1,668) (65,887) (a), (c)
Deferred state capital payments ............................................................................................................ (32,737) – (32,737)
Other liabilities and deferred credits ..........................................................................................................
.
74,888 2,591 77,479 (a), (b), (c)
N
et cash used in operating activities ................................................................................................................
.
(597,168) (8,287) (605,455)
Cash flows from investing activities
Change in restricted cash and cash equivalents ................................................................................................. 49,117 – 49,117
Purchases and refurbishments of property and equipment .............................................................................. (969,642) 62,050 (907,592) (a), (c)
Proceeds from disp osals of p rop ert y and equip ment ...................................................................................... 4,549 – 4,549
N
et cash used in investing activities .................................................................................................................
.
(915,976) 62,050 (853,926)
Cash flows from financing activities
Proceeds from federal paid-in cap ital ...............................................................................................................
.
1,771,986 – 1,771,986
Proceeds from federal and st at e cap ital p ay ments ...........................................................................................
.
115,332 – 115,332
Purchase of noncontrolling interest...................................................................................................................
.
(440) – (440)
Repayments of debt and capital lease obligations ............................................................................................
.
(477,766) 45,248 (432,518) (a)
Proceeds from issuance of debt.........................................................................................................................
.
189,850 (100,788) 89,062 (c)
Debt issuance costs...........................................................................................................................................
.
(1,777) 1,777 – (a)
N
et cash provided by financing activities ......................................................................................................... 1,597,185 (53,763) 1,543,422
Net change in cash and cash equivalents ........................................................................................................ 84,041 – 84,041
Beginning balance of cash and cash equivalents................................................................................................. 126,779 – 126,779
Ending balance of cash and cash equivalents.................................................................................................... $ 210,820 $ – $ 210,820
S u ppl e me n tal di sclosure of cash payme nts
Interest paid, net of amount capitalized............................................................................................................
.
$ 84,596 $ 9,679 $ 94,275 (a)
Supplemental disclosure of noncash investing and financing activities
Debt and capital lease reduction through use of escrow deposits/notes receivable….............................…...... $ 1,048 $ (2,044) $ (996) (a)
N
ew equipment purchases under capital lease obligations………………….....….....….....………….......….. $ 394 $ – $ 394
Other non-cash changes in property, includes accruals of amounts due for purchases………………………
…
$ 33,404 $ 1,867 $ 35,271 (c)
(a) Consists of capital lease and related adjustments
(b) Consists of deferred tax liability and related adjustment s
(c) Consists of other adjustments
Ye ar e nded S e pte mbe r 30, 2012