Konica Minolta 2005 Annual Report Download - page 44

42
Thousands of
U.S. dollars
Millions of yen (note 3)
2005 2004 2005
Cash Flows from Operating Activities:
Income before income taxes ¥ 35,430 ¥ 32,363 $ 329,919
Depreciation and amortization 52,953 44,386 493,091
Amortization of consolidation goodwill 5,906 2,869 54,996
Decrease in allowance for doubtful receivables 101 (3,874) 940
Interest and dividend income (1,353) (1,003) (12,599)
Interest expense 5,549 5,190 51,671
(Gain) loss on disposal of property, plant and equipment, net 4,010 2,477 37,341
(Gain) loss on sales or write-down of investment securities, net (2,129) 574 (19,825)
Amortization of unrecognized transition benefit obligation 521 1,540 4,851
Prior periods’ expenses of accrued retirement benefits for directors
and corporate auditors —513 —
Additional contribution on withdrawals from the Welfare Pension Fund plans —513 —
(Gain) loss on transition to defined contribution plans from defined
benefit plans (160) 180 (1,490)
Management integration rationalization expenses 4,020 5,022 37,434
Restructuring expenses 4,851 —45,172
Allowance for doubtful accounts 1,627 —15,150
Amortization of consolidation goodwill 5,397 —50,256
(Increase) decrease in notes and accounts receivable (14,056) (3,210) (130,887)
(Increase) decrease in inventories 128 (2,914) 1,192
Increase (decrease) in notes and accounts payable (9,239) (1,060) (86,032)
Increase (decrease) in accrued consumption tax payable 646 (738) 6,015
Other (2,970) (4,585) (27,656)
Subtotal 91,235 78,243 849,567
Interest and dividend income received 1,417 1,363 13,195
Interest expenses paid (5,524) (5,263) (51,439)
Income taxes paid (31,447) (18,385) (292,830)
Net cash provided by operating activities 55,680 55,957 518,484
Cash Flows from Investing Activities:
Payment for acquisition of property, plant and equipment (46,585) (24,935) (433,793)
Proceeds from disposal of property, plant and equipment 3,604 6,102 33,560
Payment for intangible assets (9,088) (6,383) (84,626)
Payment for acquisition of loans receivables (1,670) (1,451) (15,551)
Proceeds from repayment of loans receivable 1,431 460 13,325
Payment for acquisition of investment securities (348) (39) (3,241)
Proceeds from sales of investment securities 4,976 225 46,336
Payment for other investments (3,395) (3,296) (31,614)
Other 1,732 533 16,128
Net cash outflow from investing activities (49,343) (28,784) (459,475)
Cash Flows from Financing Activities:
Increase (decrease) in short-term debt (29,640) (11,090) (276,003)
Proceeds from long-term debt 29,257 674 272,437
Redemption of long-term debt (14,535) (13,006) (135,348)
Proceeds from bonds 13,694 —127,517
Redempton of bonds (24,870) (5,054) (231,586)
Proceeds from disposal of treasury stocks 24 44 223
Payment for repurchase of treasury stocks (233) (286) (2,170)
Dividends paid (5,310) (4,430) (49,446)
Net cash outflow from financing activities (31,614) (33,149) (294,385)
Effect of exchange rate changes on cash and cash equivalents 642 (1,317) 5,978
Decrease in cash and cash equivalents (24,635) (7,292) (229,398)
Cash and cash equivalents at the beginning of the year 83,704 51,876 779,439
Increase in cash and cash equivalents by new consolidation 416 667 3,874
Increase in cash and cash equivalents due to share exchange —38,453 —
Cash and cash equivalents at fiscal year-end ¥ 59,485 ¥ 83,704 $ 553,916
The accompanying Notes to the Consolidated Financial Statements are an integral part of these statements.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Konica Minolta Holdings, Inc. and Consolidated Subsidiaries
For the fiscal years ended March 31, 2005 and 2004