SAE Foundation Statements of Cash Flows For the Years Ended December 31, Cash Provided by (Used for) Operating Activities Increase (decrease) in net assets $ Adjustments to reconcile change in net assets to net cash provided by (used for) operating activities Net (appreciation) depreciation in fair value of investments Changes in Accounts receivable Pledges receivable Accrued interest and other receivables Prepaid expenses Accounts payable and accrued expenses Other assets and liabilities 2016 2015 (in thousands) 1,413 $ (25) (623) 584 (11) 425 (39) (322) 216 9 31 (701) 79 (140) 99 (7) Net Cash Provided by (Used for) Operating Activities 1,068 (80) Cash Provided by (Used for) Investing Activities Purchase of investments Proceeds from sale of investments (263) 72 (268) 69 (191) (199) 877 (279) 1,388 1,667 $ 2,265 $ 1,388 Net Cash Used for Investing Activities Increase (Decrease) in Cash Cash - beginning of year Cash - end of year See accompanying independent auditor's report and notes to the financial statements. Inspiring Curiosity in STEM | 25