MDTA Annual Comprehensive Financial Report 2024

Maryland Transportation Authority STATEMENT OF CASH FLOWS (CONTINUED) Year Ended June 30, 2024 (In Thousands)

Reconciliation of Operating Income to Net Cash Provided by Operating Activities

Income from operations Adjustment to reconcile income from operations to Cash Provided by Operating Activities: Depreciation/Amortization Effect of changes in operating assets and liabilities Accounts receivable and intergovernmental receivables Inventory Deferred outflow pension expense & actuarial assumptions Accounts payable and accrued liabilities Intergovernmental payables Unearned revenue Accrued annual leave Net pension liability Accrued workers compensation costs Contractor deposits payable Deferred inflow service concession receipts Deferred inflow pension investment

$ 294,656

179,745

(52,781) 56 (23,404) 39,065 (17,491) 3,029 1,846 35,825 (543) (6,998) (2,613) (28,498)

Net Cash Provided by Operating Activities

$ 421,894

The accompanying notes are an integral part of the financial statements

48 | Maryland Transportation Authority | Basic Financial Statements

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