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SFM Services,Inc.and Subsidiaries,SFM Security Services,Inc.and Gaming Facilities Services, <br /> LLC <br /> Combined Consolidated Statements of Cash Flows <br /> For the year ended December 31,2016 <br /> Operating Activities <br /> Net Income • $ 2,636,326 <br /> Adjustments to reconcile net income to net cash <br /> provided by operating activities: <br /> Depreciation and amortization 411,565 <br /> Bad debt 1,687 <br /> Increase in accounts receivable (1,141,341) <br /> Increase in cost in excess of billings (204,415) <br /> Increase in due from Affiliates (79,441) <br /> lecrease in other receivables (312,808) <br /> lecrease in supplies inventory (11,163) <br /> Decrease in prepaid expenses 194,886 <br /> Increase in other assets (87,922) <br /> Decrease in accounts payable (133,238) <br /> Net cash provided by operating activities $ 1,274,136 <br /> investing Activities <br /> Purchase of property and equipment,net of disposals $ (315,338) <br /> Net cash used for investing activities $ (315,338) <br /> Financing Activities <br /> Proceeds from long term debt,net of repayments $ 105,133 <br /> Draws from line of credit,net of paydowns (544,243) <br /> Shareholder distributions (649,971) <br /> Net cash used for financing activities S (1,089,081) <br /> Net cash from all activities $ (130,283) <br /> Cash at beginning of year 642,856 <br /> Cash at end of year $ 512,573 <br /> Supplemental Cash Flow Information <br /> Cash utilized to pay interest S 43,601 <br /> ' I <br /> Read Independent Auditors'Report <br /> Read Accompanying Notes to the Financial Statements <br /> 6 <br /> •S <br /> ° <br /> IIISFM SERVICES,EPIC. <br />