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United States Patent and Trademark Office
Performance and Accountability Report Fiscal Year 2003
Financial Section

Table of Contents |  Management |  Financial |  Supplemental |  Auditor |  IG |  Other

U.S. Patent and Trademark Office
Consolidated Statements of Cash Flows (Indirect Method)
For the years ended September 30, 2003 and 2002
(Dollars in Thousands)
  2003 2002
CASH FLOWS FROM OPERATING ACTIVITIES

Net Cost from Operations

$(43,830) $(99,648)

Imputed Financing from Cost Absorbed by Others

  36,319    30,803 
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Net Decrease in Cumulative Results of Operations

  (7,511)  (68,845)
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Adjustments Affecting Cash Flow:

Increase in Accounts Receivable

  (4,357)   (1,742)

Decrease/(Increase) in Advances and Prepayments

   8,187   (30,089)

Increase in Accounts Payable

   5,366    13,989 

Increase/(Decrease) in Accrued Payroll and Benefits

   3,826   (16,773)

Increase in Accrued Leave and Postemployment Compensation

   3,974     4,257 

Increase in Customer Deposit Accounts

   9,656     7,292 

Increase/(Decrease) in Patent Cooperation Treaty Accounts

   1,299    (2,094)

Increase in Deferred Revenue

  38,219    90,986 

Increase/(Decrease) in Actuarial Liability

   1,162      (194)

Decrease in Capital Lease Liability

       -    (3,032)

Decrease in Contingent Liabilities

       -    (3,590)

Depreciation, Amortization, or Loss on Asset Dispositions

  62,881    69,651 
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Total Adjustments

 130,213   128,661 
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Net Cash Provided by Operating Activities  122,702    59,816 
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CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of Property and Equipment

 (61,062)  (60,237)
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Net Cash Used in Investing Activities  (61,062)  (60,237)
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CASH FLOWS FROM FINANCING ACTIVITIES

Direct Appropriation

       -     1,500 

Rescission

       -      (555)
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Net Cash Provided by Financing Activities        -       945 
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Net Cash Provided by Operating, Investing, and Financing Activities $ 61,640  $    524 
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Fund Balance with Treasury and Cash, Beginning of Year $935,400  $934,876 
Net Cash Provided by Operating, Investing, and Financing Activities   61,640       524 
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Fund Balance with Treasury and Cash, End of Year $997,040  $935,400 
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The accompanying notes are an integral part of these financial statements.

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