Konica Minolta 2006 Annual Report Download - page 42

40
Thousands of
U.S. dollars
Millions of yen (Note 3)
March 31 March 31
2006 2005 2006
Cash Flows from Operating Activities:
Income (loss) before income taxes and minority interest ¥(35,934) ¥ 35,430 $(305,899)
Depreciation and amortization 51,198 52,953 435,839
Loss on impairment of fixed assets 4,143 —35,269
Amortization of consolidation goodwill 5,595 5,906 47,629
Increase (decrease) in allowance for doubtful accounts 465 101 3,958
Interest and dividend income (1,756) (1,353) (14,948)
Interest expenses 5,427 5,549 46,199
Loss (gain) on sale and disposal of property, plant and equipment 2,434 4,010 20,720
Loss (gain) on sale and write-down of investment securities, net (1,099) (2,129) (9,356)
Amortization of unrecognized transition benefit obligations —521 —
Management integration rationalization expenses —4,020 —
(Gain) loss on transition to defined contribution plans from
defined benefit plans —(160) —
Restructuring expenses —4,851 —
Increase in allowance for doubtful accounts —1,627 —
Amortization of consolidation goodwill 2,361 5,397 20,099
Other losses 2,372 —20,192
Payment for dissolution of business 96,625 —822,550
Provision for special outplacement program 6,484 —55,197
(Increase) decrease in notes and accounts receivable 7,257 (14,056) 61,777
(Increase) decrease in inventories 22,032 128 187,554
Increase (decrease) in notes and accounts payable (31,855) (9,239) (271,176)
Increase (decrease) in accrued consumption tax payable 400 646 3,405
Increase (decrease) on transfer of lease assets used in sales activities (11,278) (16,731) (96,007)
Other (11,821) 13,761 (100,630)
Subtotal 113,051 91,235 962,382
Interest and dividend income received 1,524 1,417 12,974
Interest expenses paid (5,488) (5,524) (46,718)
Income taxes paid (30,162) (31,447) (256,763)
Net cash provided by operating activities 78,924 55,680 671,865
Cash Flows from Investing Activities:
Payment for acquisition of property, plant and equipment (51,904) (46,585) (441,849)
Proceeds from sale of property, plant and equipment 5,551 3,604 47,255
Payment for acquisition of intangible fixed assets (8,809) (9,088) (74,989)
Proceeds from sale of business 8,599 —73,202
Payment for acquisition of new consolidated subsidiaries (1,729) —(14,719)
Payment for acquisition of loans (541) (1,670) (4,605)
Proceeds from collection of loans 1,556 1,431 13,246
Payment for acquisition of investment securities (42) (348) (358)
Proceeds from sales of investment securities 5,057 4,976 43,049
Payment for other investments (3,236) (3,395) (27,547)
Other 2,352 1,732 20,022
Net cash used in investing activities (43,146) (49,343) (367,294)
Cash Flows from Financing Activities:
Increase (decrease) in short-term debt (25,819) (29,640) (219,792)
Proceeds from long-term debt 27,502 29,257 234,119
Repayment of long-term debt (7,396) (14,535) (62,961)
Proceeds from issuance of bonds 9,184 13,694 78,182
Redemption of bonds (17,536) (24,870) (149,281)
Proceeds from disposal of treasury stocks 10 24 85
Payment for repurchase of treasury stocks (135) (233) (1,149)
cash dividends (2,661) (5,310) (22,653)
Net cash used in financing activities (16,850) (31,614) (143,441)
Effect of exchange rate changes on cash and cash equivalents 2,463 642 20,967
Increase (decrease) in cash and cash equivalents 21,391 (24,635) 182,098
Cash and cash equivalents at the beginning of the year 59,485 83,704 506,385
Cash and cash equivalents of subsidiaries newly consolidated 1416 9
Cash and cash equivalents at the end of the year ¥80,878 ¥ 59,485 $688,499
The accompanying Notes to the Consolidated Financial Statements are an integral part of these financial statements.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Konica Minolta Holdings, Inc. and Consolidated Subsidiaries
For the fiscal years ended March 31, 2006 and 2005