Brother International 2009 Annual Report Download - page 20

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CONSOLIDATED STATEMENTS OF CASH FLOWS
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2009 2008 2009
OPERATING ACTIVITIES:
Income before income taxes and minority interests ¥ 23,613 ¥ 46,282 $ 240,949
Adjustments for:
Income taxes - paid (10,126) (18,037) (103,326)
Depreciation and amortization 23,094 22,227 235,653
Impairment loss 2,535 28 25,867
Amortization of goodwill 802 520 8,182
(Gain) Loss on sales and disposals of property, plant and equipment, net (2,356) 199 (24,041)
Foreign exchange loss 3,317 2,153 33,847
Changes in operating assets and liabilities :
(Increase) Decrease in trade notes and accounts receivable (300) 5,360 (3,061)
Increase in inventories (8,717) (4,295) (88,949)
(Decrease) Increase in trade notes and accounts payable (5,143) 2,085 (52,479)
Decrease in accrued expenses (1,039) (1,864) (10,602)
Decrease in liability for retirement benefits (424) (189) (4,326)
Increase in allowance for doubtful accounts 450 669 4,592
(Decrease) Increase in liability for warranty reserve (614) 325 (6,265)
Other - net (4,572) 2,752 (46,653)
Total adjustments (3,093) 11,933 (31,561)
Net cash provided by operating activities 20,520 58,215 209,388
INVESTING ACTIVITIES:
Proceeds from sales of property, plant and equipment 5,632 2,905 57,469
Proceeds from sales of investment securities 782 471 7,980
Proceeds from collection of loans 68 80 694
Disbursement for purchases of property, plant and equipment (20,835) (22,304) (212,602)
Disbursement for purchases of investment securities (2,818) (3,534) (28,755)
Disbursement for purchases of intangible assets (7,122) (5,907) (72,674)
Disbursement for purchases of affiliates’ shares (617) (248) (6,296)
Disbursement for purchase of business (1,202) — (12,265)
Other - net (106) (781) (1,082)
Net cash used in investing activities (26,218) (29,318) (267,531)
FORWARD ¥ (5,698) ¥ 28,897 $ (58,143)
Brother Industries, Ltd. and Consolidated Subsidiaries
Years ended March 31, 2009 and 2008
18 Brother Annual Report 2009