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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
May 31, 2020
May 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,216,089 $ 1,567,534
Items not involving an outlay of cash:    
Depreciation and amortization 160,992 143,413
(Gain) on sale of property, plant and equipment (2,600) (105,366)
Deferred income tax expense 39,571 3,997
Changes in non-cash working capital items:    
(Increase) in accounts receivable (4,044,507) (2,972,532)
(Increase) decrease in inventory (408,282) 1,173,224
(Increase) in notes receivable (561,813) 0
(Increase) decrease in prepaid expenses (942,541) 21,268
Decrease (increase) in prepaid income taxes 101,686 (65,975)
Increase (decrease) in accounts payable and accrued liabilities 1,448,292 (82,148)
Net cash (used in) provided by operating activities (2,993,113) (316,585)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (207,469) (8,112)
Proceeds from sale of property, plant and equipment 3,900 327,077
Net cash provided by (used in) investing activities (203,569) 318,965
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in notes payable 680,707 0
Redemption of common stock (3,867,046) (2,661,848)
Net cash (used in) financing activities (3,186,339) (2,661,848)
Net (decrease) increase in cash (6,383,021) (2,659,468)
Cash, beginning of period 9,652,310 6,097,463
Cash, end of period $ 3,269,289 $ 3,437,995