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Statements of cash flows

blank	2005	2004	2003
Cash flows from operating activities:
Net income	1,445	$3,065	$3,868
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,089	2,145	2,295
Loss on disposals of property and equipment, net	5	71	64
(Increase) decrease in revenue forgone appropriations receivable	(15)	4	3
(Decrease) increase in workers’ compensation liability	(58)	343	526
Increase (decrease) in employees’ accumulated leave	10	74	(156)
Decrease (increase) in other non-current liabilities	(119)	170	(31)
Changes in current assets and liabilities:
Decrease (increase) in receivables, net	16	167	(394)
Decrease (increase) in supplies, advances and prepayments	20	146	(39)
Increase (decrease) in compensation and benefits	314	106	(427)
Decrease in estimated prepaid postage	(56)	(93)	(151)
(Decrease) increase in payables and accrued expenses	(199)	(34)	1,378
Increase (decrease) in customer deposit accounts	114	40	(138)
Increase (decrease) in outstanding postal money orders	63	(1)	(218)
Increase (decrease) in prepaid box rent and other deferred revenue	52	(368)	(175)
Net cash provided by operating activities	3,681	5,835	6,405
Cash flows from investing activities:
Purchase of property and equipment	(2,317)	(1,685)	(1,314)
Proceeds from sale of property and equipment	31	26	37
Net cash used in investing activities	(2,286)	(1,659)	(1,277)
Cash flows from financing activities:
U.S. government appropriations — received	503	—	—
U.S. government appropriations — expended	(45)	(92)	(177)
Issuance of debt	—	—	4,609
Payments on debt	(1,800)	(5,473)	(8,450)
Net cash (used in) provided by financing activities	(1,342)	(5,565)	(4,018)
Net (decrease) increase in cash and cash equivalents	53	(1,389)	1,110
Cash and cash equivalents at beginning of year	877	2,266	1,156
Cash and cash equivalents at end of year	$930	$ 877	$2,266

See accompanying notes to financial statements.