EX-99.1 2 exhibit99_1.htm EXHIBIT 99.1 exhibit99_1.htm
Exhibit 99.1
Schedule of Statements of Cash Flows Line Item Reclassification

The following table presents the effect of the restatement on the Consolidated Statements of Cash Flows for the years ended July 31, 2006, 2005 and 2004 (in thousands):

   
Year Ended July 31, 2006
   
As Reported
  
Adjustment
  
As Restated
Cash flow from operating activities:
                        
Investments in real estate
  
$
--
    
$
(129,728
)
  
$
(129,728
)
Net cash provided by operating activities
    
193,404
      
(129,728
)
    
63,676
  
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(129,728
)
    
129,728
      
--
  
Net cash used in investing activities
    
(191,721
)
    
129,728
      
(61,993
)
                         
Cash flow from financing activities:
                        
Net cash provided by financing activities
    
53,531
      
--
      
53,531
  
                         
Net increase in cash and cash equivalents
    
55,214
      
--
      
55,214
  
                         
Cash and cash equivalents:
                        
Beginning of period
    
136,580
      
--
      
136,580
  
End of period
  
$
191,794
    
$
--
    
$
191,794
  

   
Year Ended July 31, 2005
   
As Reported
  
Adjustment
  
As Restated
Cash flow from operating activities:
                        
Investments in real estate
  
$
--
    
$
(72,164
)
  
$
(72,164
)
Net cash provided by operating activities
    
220,341
      
(72,164
)
    
148,177
  
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(72,164
)
    
72,164
      
--
  
Net cash (used in) provided by investing activities
    
(44,881
)
    
72,164
      
27,283
  
                         
Cash flow from financing activities:
                        
Net cash used in financing activities
    
(85,208
)
    
--
      
(85,208
)
                         
Net increase in cash and cash equivalents
    
90,252
      
--
      
90,252
  
                         
Cash and cash equivalents:
                        
Beginning of period
    
46,328
      
--
      
46,328
  
End of period
  
$
136,580
    
$
--
    
$
136,580
  

   
Year Ended July 31, 2004
   
As Reported
  
Adjustment
  
As Restated
Cash flow from operating activities:
                        
Investments in real estate
  
$
--
    
$
(27,802
)
  
$
(27,802
)
Net cash provided by operating activities
    
180,937
      
(27,802
)
    
153,135
  
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(27,802
)
    
27,802
      
--
  
Net cash used in investing activities
    
(83,365
)
    
27,802
      
(55,563
)
                         
Cash flow from financing activities:
                        
Net cash used in financing activities
    
(63,546
)
    
--
      
(63,546
)
                         
Net increase in cash and cash equivalents
    
34,026
      
--
      
34,026
  
Net increase in cash due to adoption of FIN46R
    
4,428
      
--
      
4,428
  
                         
Cash and cash equivalents:
                        
Beginning of period
    
7,874
      
--
      
7,874
  
End of period
  
$
46,328
    
$
--
    
$
46,328
  

The following table presents the effect of the restatement on the Consolidated Condensed Statements of Cash Flows for the three months ended October 31, 2006 and 2005 (in thousands):

   
Three Months Ended October 31, 2006
   
As Reported
  
Adjustment
  
As Restated
Net cash provided by (used in) operating activities
  
$
2,239
    
$
(54,999
)
  
$
(52,760
)
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(54,999
)
    
54,999
      
--
  
Net cash used in investing activities
    
(83,468
)
    
54,999
      
(28,469
)
                         
Cash flow from financing activities:
                        
Net cash provided by financing activities
    
6,746
      
--
      
6,746
  
                         
Net decrease in cash and cash equivalents
    
(74,483
)
    
--
      
(74,483
)
                         
Cash and cash equivalents:
                        
Beginning of period
    
191,794
      
--
      
191,794
  
End of period
  
$
117,311
    
$
--
    
$
117,311
  

   
Three Months Ended October 31, 2005
   
As Reported
  
Adjustment
  
As Restated
Net cash used in operating activities
  
$
(23,082
)
  
$
(38,112
)
  
$
(61,194
)
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(38,112
)
    
38,112
      
--
  
Net cash used in investing activities
    
(74,513
)
    
38,112
      
(36,401
)
                         
Cash flow from financing activities:
                        
Net cash provided by financing activities
    
19,707
      
--
      
19,707
  
                         
Net decrease in cash and cash equivalents
    
(77,888
)
    
--
      
(77,888
)
                         
Cash and cash equivalents:
                        
Beginning of period
    
136,580
      
--
      
136,580
  
End of period
  
$
58,692
    
$
--
    
$
58,692
  

The following table presents the effect of the restatement on the Consolidated Condensed Statements of Cash Flows for the six months ended January 31, 2007 and 2006 (in thousands):

   
Six Months Ended January 31, 2007
   
As Reported
  
Adjustment
  
As Restated
Net cash provided by operating activities
  
$
196,886
    
$
(88,567
)
  
$
108,319
  
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(88,567
)
    
88,567
      
--
  
Net cash used in investing activities
    
(150,271
)
    
88,567
      
(61,704
)
                         
Cash flow from financing activities:
                        
Net cash provided by financing activities
    
16,457
      
--
      
16,457
  
                         
Net increase in cash and cash equivalents
    
63,072
      
--
      
63,072
  
                         
Cash and cash equivalents:
                        
Beginning of period
    
191,794
      
--
      
191,794
  
End of period
  
$
254,866
    
$
--
    
$
254,866
  

   
Six Months Ended January 31, 2006
   
As Reported
  
Adjustment
  
As Restated
Net cash provided by operating activities
  
$
100,426
    
$
(64,905
)
  
$
35,521
  
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(64,905
)
    
64,905
      
--
  
Net cash used in investing activities
    
(93,323
)
    
64,905
      
(28,418
)
                         
Cash flow from financing activities:
                        
Net cash provided by financing activities
    
31,858
      
--
      
31,858
  
                         
Net increase in cash and cash equivalents
    
38,961
      
--
      
38,961
  
                         
Cash and cash equivalents:
                        
Beginning of period
    
136,580
      
--
      
136,580
  
End of period
  
$
175,541
    
$
--
    
$
175,541
  

The following table presents the effect of the restatement on the Consolidated Condensed Statements of Cash Flows for the nine months ended April 30, 2007 and 2006 (in thousands):

   
Nine Months Ended April 30, 2007
   
As Reported
  
Adjustment
  
As Restated
Net cash provided by operating activities
  
$
285,425
    
$
(121,114
)
  
$
164,311
  
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(121,114
)
    
121,114
      
--
  
Net cash used in investing activities
    
(207,516
)
    
121,114
      
(86,402
)
                         
Cash flow from financing activities:
                        
Net cash provided by financing activities
    
46,736
      
--
      
46,736
  
                         
Net increase in cash and cash equivalents
    
124,645
      
--
      
124,645
  
                         
Cash and cash equivalents:
                        
Beginning of period
    
191,794
      
--
      
191,794
  
End of period
  
$
316,439
    
$
--
    
$
316,439
  

   
Nine Months Ended April 30, 2006
   
As Reported
  
Adjustment
  
As Restated
Net cash provided by operating activities
  
$
177,718
    
$
(88,366
)
  
$
89,352
  
                         
Cash flow from investing activities:
                        
Investments in real estate
    
(88,366
)
    
88,366
      
--
  
Net cash used in investing activities
    
(125,756
)
    
88,366
      
(37,390
)
                         
Cash flow from financing activities:
                        
Net cash provided by financing activities
    
51,574
      
--
      
51,574
  
                         
Net increase in cash and cash equivalents
    
103,536
      
--
      
103,536
  
                         
Cash and cash equivalents:
                        
Beginning of period
    
136,580
      
--
      
136,580
  
End of period
  
$
240,116
    
$
--
    
$
240,116