Brother International 2013 Annual Report Download - page 26

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25
Consolidated Statement of Cash Flows
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2013
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2013 2012 2013
OPERATING ACTIVITIES:
Income before income taxes and minority interests ¥ 27,946 ¥ 34,108 $ 297,298
Adjustments for:
Income taxes - paid (8,816) (15,972) (93,787)
Depreciation and amortization 24,477 23,069 260,394
Loss on impairment of long-lived assets 269 609 2,862
Amortization of goodwill 1,419 1,687 15,096
Loss on sales and disposals of property, plant and equipment, net 170 546 1,809
Foreign exchange (gain) loss (2,421) 797 (25,755)
Loss (gain) on valuation of derivatives 4,625 (137) 49,202
Gain on sales of investment securities (1,724) (7) (18,340)
Gain on negative goodwill (7,194) —(76,532)
Loss on step acquisitions 3,843 —40,883
Changes in assets and liabilities:
Increase in trade notes and accounts receivable (4,501) (3,149) (47,883)
Decrease (increase) in inventories 2,333 (5,424) 24,819
(Decrease) increase in trade notes and accounts payable (6,673) 2,327 (70,990)
(Decrease) increase in accrued expenses (1,729) 1,487 (18,394)
Increase (decrease) in liability for retirement benefits 430 (491) 4,574
Increase in allowance for doubtful accounts 1,443 913 15,351
Increase (decrease) in liability for warranty reserve 178 (983) 1,894
Other - net (1,341) (53) (14,267)
Total adjustments 4,788 5,219 50,936
Net cash provided by operating activities 32,734 39,327 348,234
INVESTING ACTIVITIES:
Proceeds from sales of property, plant and equipment 1,080 1,113 11,489
Proceeds from sales of investment securities 2,660 257 28,298
Proceeds from collection of loans 13 10 138
Disbursement for purchases of property, plant and equipment (24,942) (21,130) (265,340)
Disbursement for purchases of investment securities (2,170) (67) (23,085)
Disbursement for purchases of intangible assets (5,723) (6,027) (60,883)
Disbursement for purchases of affiliates’ shares (6,617) (1,929) (70,394)
Disbursement for purchases of investment in affiliates — (2,463) —
Acquisition of a newly consolidated subsidiary, net of cash acquired (7,011) —(74,585)
Other - net 938 (522) 9,979
Net cash used in investing activities (41,772) (30,758) (444,383)
FORWARD ¥(9,038) ¥8,569 $(96,149)