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CONSOLIDATED STATEMENTS OF CASH FLOWS
Fujitsu Limited and Consolidated Subsidiaries
Yen
(millions)
U.S. Dollars
(thousands)
(Note 2)
Years ended March 31 Notes 2012 2013 2013
Cash flows from operating activities (A):
Income (loss) before income taxes and minority interests ¥ 66,717 ¥ (45,113) $ (479,926)
Adjustments to reconcile income (loss) before income taxes and
minority interests to net cash provided by operating activities:
Depreciation and amortization 194,449 178,391 1,897,777
Impairment loss 3,241 62,551 665,436
Amortization of goodwill 15,099 14,231 151,394
Increase (decrease) in provisions (11,666) 41,771 444,372
Financial income and expenses, net 3,080 2,772 29,489
Equity in earnings of affiliates, net (3,060) (6,705) (71,330)
Loss on disposal of non-current assets 5,274 3,400 36,170
(Increase) decrease in receivables, trade (33,914) 34,184 363,660
(Increase) decrease in inventories 4,647 17,207 183,053
Increase (decrease) in payables, trade 20,826 (71,609) (761,798)
Other, net 9 15,798 (137,905) (1,467,074)
Cash generated from operations 280,491 93,175 991,223
Interest and dividends received 6,770 4,934 52,489
Interest paid (12,588) (7,193) (76,521)
Income taxes paid (34,663) (19,906) (211,766)
Net cash provided by operating activities 240,010 71,010 755,426
Cash flows from investing activities (B):
Purchases of property, plant and equipment (137,786) (111,531) (1,186,500)
Proceeds from sales of property, plant and equipment 6,135 5,767 61,351
Purchases of intangible assets (57,542) (64,448) (685,617)
Proceeds from transfer of business 9 — 10,980 116,809
Proceeds from acquisition of subsidiaries’ stock resulting
in change in scope of consolidation 45 — —
Other, net (1,682) (2,249) (23,926)
Net cash used in investing activities (190,830) (161,481) (1,717,883)
A+B * 49,180 (90,471) (962,457)
Cash flows from financing activities:
Increase (decrease) in short-term borrowings (3,522) 148,007 1,574,543
Proceeds from long-term debt 96,118 79,808 849,021
Repayment of long-term debt (181,435) (87,583) (931,734)
Dividends paid (22,666) (23,104) (245,787)
Other, net (27,461) (16,744) (178,128)
Net cash provided by (used in) financing activities (138,966) 100,384 1,067,915
Effect of exchange rate changes on cash and cash equivalents (6,209) 7,409 78,819
Net increase (decrease) in cash and cash equivalents (95,995) 17,322 184,277
Cash and cash equivalents at beginning of year 358,593 266,698 2,837,213
Cash and cash equivalents of newly
consolidated subsidiaries 4,100 528 5,617
Cash and cash equivalents at end of year 9¥ 266,698 ¥ 284,548 $ 3,027,106
Non-cash investing and financing activities:
Acquisition of assets under finance leases ¥ 17,674 ¥ 12,032 $ 128,000
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
* This is referred to as “free cash flow” in Management’s Discussion and Analysis of Operations.
112 FUJITSU LIMITED ANNUAL REPORT 2013