Consolidated Statements of Cash Flows (Indirect Method)

U.S. Patent and Trademark Office
Consolidated Statements of Cash Flows (Indirect Method)
For the years ended September 30, 2004 and 2003
(Dollars in Thousands)

	2004	2003
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cost from Operations	$  (50,158)	$(43,830)
Adjustments Affecting Cash Flow:
Imputed Financing from Cost Absorbed by Others	40,448	36,319
Decrease/(Increase) in Accounts Receivable	7,553	(4,357)
Decrease in Advances and Prepayments	16,698	8,187
(Decrease)/Increase in Accounts Payable	(2,837)	5,366
Increase in Accrued Payroll and Benefits	7,066	3,826
Increase in Accrued Leave and Postemployment Compensation	842	3,974
(Decrease)/Increase in Customer Deposit Accounts	(3,638)	9,656
Increase in Patent Cooperation Treaty Account	2,086	1,299
Increase in Deferred Revenue	75,403	38,219
Increase in Actuarial Liability	900	1,162
Depreciation, Amortization, or Loss on Asset Dispositions	55,573	62,881
Total Adjustments	200,184	166,532
Net Cash Provided by Operating Activities	150,026	122,702
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Property and Equipment	(75,511)	(61,062)
Net Cash Used in Investing Activities	(75,511)	(61,062)
CASH FLOWS FROM FINANCING ACTIVITIES
Rescissions Restored (Note 2)	75,584	-
Net Cash Provided by Financing Activities	75,584	-
Net Cash Provided by Operating, Investing, and Financing Activities	$  150,099	$ 61,640
Fund Balance with Treasury and Cash, Beginning of Year	$  997,040	$935,400
Net Cash Provided by Operating, Investing, and Financing Activities	150,099	61,640
Fund Balance with Treasury and Cash, End of Year	$1,147,139	$997,040
The accompanying notes are an integral part of these financial statements.

< Previous Page | Next Page >