Canon 2002 Annual Report Download - page 49

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47
Thousands of
Millions of yen U.S. dollars (note 2)
2002 2001 2000 2002
Net income ¥190,737 167,561 134,088 $ 1,589,475
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 165,260 152,300 146,477 1,377,167
Loss on disposal of property, plant and equipment 13,137 20,323 14,080 109,475
Gain on securities contributed to retirement benefit trust
(notes 4 and 11) —(15,536) ——
Deferred income taxes (1,788) 2,172 (10,280) (14,900)
Decrease (increase) in trade receivables (47,077) 47,844 (52,751) (392,308)
Decrease (increase) in inventories 14,029 73,858 (27,884) 116,908
Increase (decrease) in trade payables 64,040 (161,157) 100,588 533,667
Increase in income taxes 14,935 10,561 6,917 124,458
Increase in accrued expenses 12,901 2,177 21,343 107,508
Other, net 22,776 5,649 14,038 189,800
Net cash provided by operating activities 448,950 305,752 346,616 3,741,250
Cash flows from investing activities:
Capital expenditure (198,702) (207,674) (170,986) (1,655,850)
Proceeds from sale of property, plant and equipment 11,971 10,224 5,752 99,758
Payment for purchase of available-for-sale securities (2,751) (9,225) (3,082) (22,925)
Proceeds from sale of available-for-sale securities 1,099 9,473 2,428 9,158
Payment for purchase of other investments (30,331) (2,452) (14,702) (252,758)
Other (11,506) 7,062 (32,214) (95,883)
Net cash used in investing activities (230,220) (192,592) (212,804) (1,918,500)
Cash flows from financing activities (note 15):
Proceeds from long-term debt 10,609 7,417 17,358 88,408
Repayment of long-term debt (60,690) (40,423) (32,529) (505,750)
Decrease in short-term loans (101,125) (64,292) (67,923) (842,708)
Dividends paid (note 14) (23,663) (20,144) (14,820) (197,192)
Payment for purchase of treasury stock (5,884) (277) —(49,033)
Other (2,961) (3,509) (2,683) (24,675)
Net cash used in financing activities (183,714) (121,228) (100,597) (1,530,950)
Effect of exchange rate changes on cash and
cash equivalents (19,979) 20,340 (19,706) (166,492)
Net change in cash and cash equivalents 15,037 12,272 13,509 125,308
Cash and cash equivalents at beginning of year 506,234 493,962 480,453 4,218,617
Cash and cash equivalents at end of year ¥521,271 506,234 493,962 $ 4,343,925
Cash paid during the year for:
Interest ¥6,890 10,722 14,860 $ 57,417
Income taxes 121,556 102,421 90,560 1,012,967
See accompanying notes to consolidated financial statements.
CANON INC. AND SUBSIDIARIES Years ended December 31, 2002, 2001 and 2000
CONSOLIDATED STATEMENTS OF CASH FLOWS