Epson 2009 Annual Report Download - page 54

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53
Consolidated Statements of Cash Flows
The accompanying notes are an integral part of these financial statements.
Thousands of U S
do llars
March 31,
2008
March 31,
2009
March 31,
2009
Net cash provided by (used in) operating activities
Income (loss) before income taxes and minority interests ¥52,045 (¥89,559) ($911,727)
Depreciation and amortization 79,209 78,406 798,187
Impairment loss 10,783 20,348 207,146
Equity in (earnings) losses of affiliates (104) (58) (590)
Amortization of goodwill (1,254) (1,211) (12,328)
Business structure improvement expenses －55,896 569,031
Increase (decrease) in allowance for doubtful accounts (462) 761 7,747
Increase (decrease) in provision for bonuses 3,526 (8,441) (85,930)
Increase (decrease) in provision for product warranties (1,604) (900) (9,162)
Increase (decreas e) in provision for retirement benefits (10,872) (2,247) (22,874)
Interest and dividends income (10,836) (4,618) (47,012)
Interest expenses 6,406 6,110 62,200
Foreign exchange losses (gains) 559 (57) (580)
Loss (gain) on sales of noncurrent assets (474) (318) (3,237)
Loss on retirement of noncurrent assets 2,593 2,373 24,157
Loss (gain) on sales of investment securities (2,010) (57) (580)
Decrease (increase) in notes and accounts receivable-trade 33,520 50,239 511,442
Decrease (increase) in inventories 6,357 (3,686) (37,524)
Increase (decrease) in accrued consumption taxes (1,504) 440 4,479
Increase (decrease) in notes and accounts payable-trade (30,734) (30,931) (314,883)
Other, net (15,849) (13,979) (142,350)
Subtotal 119,294 58,507 595,612
Interest and dividends income received 11,956 3,792 38,603
Interest expenses paid (6,179) (6,259) (63,717)
Income taxes paid (13,011) (11,786) (119,995)
Net cash provided by (used in) operating activities 112,060 44,253 450,503
Net cash provided by (used in) investing activities
Net decrease (increase) in time deposits 716 712 7,248
Purchase of short-term investment securities (16) －－
Purchas e of inves tment securities (892) (601) (6,118)
Proceeds from sales of investment securities 12,069 399 4,061
Proceeds from redemption of investment securities 8,000 －－
Purchase of property, plant and equipment (66,462) (52,163) (531,029)
Proceeds from sales of property, plant and equipment 1,153 564 5,741
Purchas e of intangible as sets (6,143) (7,918) (80,606)
Proceeds from sales of intangible assets 3 19 193
Purchase of long-term prepaid expenses (175) (462) (4,703)
Purchase of investments in subsidiaries (336) (2,371) (24,137)
Pay men ts fo r s ales of inves tments in s u b s id iaries res ultin g in
change in scope of consolidation －(8) (81)
Proceeds from sales of investments in subsidiaries resulting in
change in scope of consolidation 146 －－
Other, net 1,167 827 8,420
Net cash provided by (used in) investing activities (50,770) (61,002) (621,011)
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable (12,955) 18,851 191,906
Proceeds from long-term loans payable 32,781 90,000 916,217
Repayment of long-term loans payable (102,251) (103,029) (1,048,876)
Proceeds from issuance of bonds 20,000 －－
Repayments of lease obligations －(7,795) (79,354)
Purchase of treasury stock (1) (1) (10)
Cash dividends paid (6,283) (6,872) (69,958)
Cash dividends paid to minority shareholders (1,426) (710) (7,227)
Other, net (524) －－
Net cash provided by (used in) financing activities (70,663) (9,558) (97,302)
Effect of exchange rate change on cash and cash equivalents (9,085) (5,767) (58,709)
Net increas e (decreas e) in cash and cas h equivalents (18,458) (32,074) (326,519)
Cash and cash equivalents at beginning of period 334,873 316,414 3,221,154
Cash and cash equivalents at end of period ¥316,414 ¥284,340 $2,894,635
Millions of yen