CAI Wireless Systems 2nd Qtr Fin'l Statements -3- (Cont.)
and other 990,042 871,769
Minority interest in loss - (321,910)
Debt service escrow interest
income 835,968 -
Other - 130,814
Changes in assets and
liabilities, net of effects
from acquisitions
Subscriber accounts
receivable 107,366 (265,655)
Other assets (670,899) 110,281
Accounts payable and
accrued expenses 694,115 835,461
Net cash used in
operating activities (19,170,069) (8,263,536)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for companies, net
of cash acquired - (77,153,085)
Purchase of wireless channel
rights (2,941,307) (18,885,763)
Purchase of property and
equipment (22,152,837) (4,391,687)
Proceeds from the sale of
property and equipment 463,900 209,851
Investment in CS Wireless (436,202) -
Purchase of investments - (250,000)
Proceeds from the sale of
investments 13,844,342 208,858
Loans to related parties (800,000) -
Other (26,264) (498,694)
Net cash used in
investing activities (12,048,368) (100,760,520)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of senior
notes, other debt and warrants - 307,931,686
Payment of senior and other
debt (26,549,127) (34,044,261)
Cash paid for debt service
escrow - (90,638,756)
Proceeds from issuance of
senior preferred stock and
warrants - 70,000,000
Debt financing costs paid - (1,750,568)
Proceeds from issuance of
common stock - 1,545,979
Registry and other stock
issuance costs paid - (1,899,588)
Other (11,593) -
Net cash provided by
(used in) financing
activities (26,560,720) 251,144,492
Net increase (decrease)
in cash and cash
equivalents (57,779,157) 142,120,436
Cash and cash equivalents,
beginning 103,263,094 1,201,932
Cash and cash equivalents,
ending $ 45,483,937 $ 143,322,368
/FEDERAL FILINGS CONTACTS: (202) 393-7856 FOR EDITORIAL,
(800) 487-6162 FOR DOCUMENT SALES,
(202) 628-8990 FOR NEWSWIRE SALES,
& (888) FED-FILE FOR TECHNICAL SUPPORT./
(END) FEDERAL FILINGS-DOW JONES NEWS 11-05-96 |
