HARRISBURG, Pa., Oct. 28, 2015 /PRNewswire-USNewswire/ -- The Pennsylvania Liquor Control Board today released unaudited financial results for fiscal year 2014-15 that reflect record sales of $2.34 billion including sales and liquor taxes, a 4.2 percent increase over the prior year. Net profit would have totaled $132.8 million, 2.5 percent more than last year, had accounting changes altering the agency's income statements moving forward not been implemented for fiscal year 2014-15.

Year-end cash and short-term investments increased $20.7 million, from $241.2 million to $261.9 million.

Net cash generated by operating activities totaled $139.1 million for the fiscal year. Such positive cash flow means the PLCB is in an excellent position to provide a transfer of at least $80 million in profit to the General Fund this year. The PLCB also deposited $334.4 million in liquor tax and $130.2 million in state sales tax into the General Fund last fiscal year. Nearly $8.5 million in local sales tax was turned over to Philadelphia and Allegheny County. 

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