Epson 2012 Annual Report Download - page 53

52
Consolidated Statements of Cash Flows
The accompanying notes are an integral part of these financial statements.
Thousands of U.S.
dollars
March 31,
2011
March 31,
2012
March 31,
2012
Net cash provided by (used in) operating activities
Income before income taxes and minority interes ts ¥15,381 ¥15,622 $190,071
Depreciation and amortization 41,159 37,651 458,097
Equity in (earnings ) los ses of affiliates (77) (85) (1,034)
Amortization of goodwill 240 873 10,621
Loss on litigation －6,052 73,634
Los s on dis as ter 4,755 2,125 25,854
Business structure improvement expenses 9,909 －－
Increase (decrease) in allowance for doubtful accounts (192) (425) (5,170)
Increas e (decreas e) in provis ion for bonus es 2,309 (8,224) (100,060)
Increas e (decreas e) in provis ion for product warranties (1,309) (199) (2,421)
Increase (decrease) in provision for retirement benefits 329 3,374 41,051
Interes t and dividends income (1,174) (1,373) (16,705)
Interes t expens es 4,225 3,573 43,472
Foreign exchange los s es (gains ) (60) (2,250) (27,375)
Los s (gain) on s ales of noncurrent as sets (2,303) (872) (10,609)
Los s on retirement of noncurrent as sets 895 760 9,246
Los s (gain) on s ales of inves tment s ecurities 19 (150) (1,825)
Loss on transfer of subsidiary's equity －2,024 24,625
Decrease (increase) in notes and accounts receivable-trade 8,225 (995) (12,106)
Decrease (increase) in inventories (15,665) (20,360) (247,718)
Increase (decrease) in accrued consumption taxes (761) 2,005 24,394
Increase (decrease) in notes and accounts payable-trade (23,318) 4,822 58,668
Other, net 2,826 4,345 52,879
Subtotal 45,413 48,294 587,589
Interest and dividends income received 2,023 2,292 27,886
Interes t expens es paid (4,320) (3,709) (45,127)
Payments for loss on litigation －(6,207) (75,520)
Payments for bus ines s restructuring (182) (6,061) (73,743)
Income taxes paid (10,538) (7,929) (96,496)
Net cash provided by (us ed in) operating activities 32,395 26,678 324,589
Net cas h provided by (us ed in) inves ting activities
Purchas e of investment s ecurities (7) (777) (9,453)
Proceeds from sales of investment securities 260 162 1,971
Purchas e of property, plant and equipment (28,308) (32,709) (397,968)
Proceeds from sales of property, plant and equipment 2,844 1,723 20,963
Purchas e of intangible as s ets (2,286) (3,998) (48,643)
Purchase of investments in subsidiaries resulting in change
in scope of consolidation －(1,940) (23,603)
Proceeds from sales of investments in subsidiaries
resulting in change in scope of consolidation 53 132 1,606
Proceeds from transfer of equity in subsidiaries resulting in
change in scope of consolidation －6,358 77,357
Proceeds from transfer of business 4,062 －－
Other, net (234) (480) (5,828)
Net cash provided by (us ed in) investing activities (23,615) (31,528) (383,598)
Net cash provided by (used in) financing activities
Net increase (decreas e) in s hort-term loans payable 10,092 (248) (3,017)
Proceeds from long-term loans payable －500 6,083
Repayment of long-term loans payable (37,728) (42,093) (512,142)
Proceeds from issuance of bonds 20,000 40,000 486,677
Redemption of bonds (30,000) (30,000) (365,007)
Repayments of leas e obligations (989) (553) (6,728)
Purchas e of treas ury s tock (2) (20,415) (248,414)
Cas h dividends paid (3,995) (4,586) (55,797)
Cas h dividends paid to minority shareholders (67) (9) (109)
Net cash provided by (us ed in) financing activities (42,691) (57,406) (698,454)
Effect of exchange rate change on cash and cas h equivalents (9,020) 509 6,180
Net increas e (decreas e) in cas h and cas h equivalents (42,932) (61,747) (751,283)
Cas h and cas h equivalents at beginning of period 254,590 211,777 2,576,675
Increase in cash and cash equivalents from newly
consolidated subsidiary 119 －－
Cash and cash equivalents at end of period ¥211,777 ¥150,029 $1,825,392
Millions of yen