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KIA MOTORS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS
OF CASH FLOWS
For the years ended December 31, 2015 and 2014
(In millions of won)
Note 2015 2014
Cash flows from operating activities
Cash generated from operations 30 ₩ 3,567,053 2,679,387
Interest received 199,573 231,950
Interest paid (119,184) (90,707)
Dividends received 294,132 467,969
Income tax paid (566,326) (924,774)
Net cash provided by operating activities 3,375,248 2,363,825
Cash flows from investing activities
Proceeds from disposal of long-term financial instruments 2,075 211,881
Proceeds from disposal of property, plant and equipment 74,569 41,275
Proceeds from disposal of intangible assets 935 468
Proceeds from disposal of short-term financial instruments 639,262 900,953
Purchase of short-term financial instruments (28,154) (320,614)
Purchase of long-term financial instruments (32,076) (3,080)
Acquisition of investments in associates (26,991) (156,098)
Acquisition of available-for-sale financial assets (1,668,719) (1,440,341)
Acquisition of property, plant and equipment (3,914,610) (1,429,596)
Acquisition of intangible assets (661,419) (589,855)
Cash flows from other investing activities 1,305 (198,399)
Net cash used in investing activities (5,613,823) (2,983,406)
Cash flows from financing activities
Cash flows from short-term borrowings and long-term debt 1,315,959 2,231,693
Proceeds from issuance of bonds 827,036 -
Dividends paid (404,058) (283,489)
Repayment of short-term borrowings and long-term debt (381,576) (460,184)
Repayment of bonds (300,000) (426,590)
Repayment of current portion of financial lease liabilities (5,278) (6,962)
Acquisition of treasury stock (146,211) (64,495)
Cash flows from other financing activities 525 (3,482)
Net cash provided by financing activities 906,397 986,491
Impact on foreign currency exchange rates on
cash and cash equivalents (41,364) (199,704)
Net increase (decrease) in cash and cash equivalents (1,373,542) 167,206
Cash and cash equivalents at January 1 2,478,470 2,311,264
Cash and cash equivalents at December 31 ₩ 1,104,928 2,478,470
See accompanying notes to the consolidated financial statements.
61
ANNUAL REPORT 2015 |