Konica Minolta 2009 Annual Report Download - page 34

Consolidated Statements of Cash Flows
Konica Minolta Holdings, Inc. and Consolidated Subsidiaries
For the fiscal years ended March 31, 2009 and 2008
32
Millions of yen
Thousands of
U.S. dollars (Note 3)
March 31 March 31
2009 2008 2009
Cash Flows from Operating Activities:
Income before income taxes and minority interests ¥ 33,224 ¥ 98,996 $ 338,227
Depreciation and amortization 70,179 60,443 714,436
Loss on impairment of fixed assets 1,168 5,702 11,890
Amortization of goodwill 8,909 7, 1 7 1 90,695
Increase in allowance for doubtful accounts –780 –
Interest and dividend incomes (2,176) (2,643) (22,152)
Interest expense 4,866 4,465 49,537
Loss (gain) on sales and disposals of property, plant and equipment 2,866 3,224 29,176
Loss (gain) on sale and write-down of investment securities 3,820 293 38,888
Loss (gain) on sale and write-down of investments in affiliated companies (2,803) 6(28,535)
Patent-related income –(8,080) –
Reversal of reserve for discontinued operations –(590) –
Legal-related expenses –625 –
Environmental expenses –1,856 –
Additional retirement expenses –460 –
Other extraordinary losses of overseas subsidiaries –1,731 –
Gain on transfer of businesses (3,063) –(31,182)
Decrease in provision for bonuses (3,290) –(33,493)
Increase (decrease) in accrued retirement benefits 5,708 (4,462) 58,109
Decrease in reserve for discontinued operations (4,459) (16,370) (45,393)
Decrease in trade notes and accounts receivable 50,596 11,157 515,077
Increase in inventories (3,550) (6,422) (36,140)
Decrease in trade notes and accounts payable (10,372) (2,027) (105,589)
Transfer of rental business-use assets (7,419) (11,847) (75,527)
Decrease in accounts receivable-other 4,545 –46,269
Decrease in accounts payable-other and accrued expenses (12,821) –(130,520)
Increase in accrued consumption tax payable –904 –
Reversal of reserve for loss on impairment of lease assets –(171) –
Other 9,010 7,468 91,724
Subtotal 144,939 152,674 1,475,506
Interest and dividend income received 2,000 2,681 20,360
Interest paid (4,594) (4,444) (46,768)
Additional payments of retirement allowance (105) (355) (1,069)
Income taxes paid (34,676) (27,543) (353,008)
Net cash provided by operating activities 107,563 123,014 1,095,012
Cash Flows from Investing Activities:
Payment for acquisition of property, plant and equipment (61,645) (62,969) (627,558)
Proceeds from sales of property, plant and equipment 1,767 2,907 17,988
Payment for acquisition of intangible fixed assets (7,774) (5,864) (79,141)
Proceeds from transfer of business 4,585 –46,676
Payment for acquisition of additional shares of consolidated subsidiaries –(855) –
Proceeds from sales of investments in consolidated subsidiary 3,177 – 32,342
Payment for acquisition of newly consolidated subsidiaries (27,987) (6,832) (284,913)
Payment for loans receivable (286) (113) (2,912)
Proceeds from collection of loans receivable 216 265 2,199
Payment for acquisition of investment securities (990) (1,718) (10,078)
Proceeds from sales of investment securities 18 35 183
Payment for acquisition of other investments (1,440) (2,609) (14,659)
Other 191 939 1,944
Net cash used in investing activities (90,169) (76,815) (917,937)
Cash Flows from Financing Activities:
Net increase (decrease) in short-term loans payable (16,504) 16,314 (168,014)
Proceeds from long-term loans payable 44,817 –456,246
Repayment of long-term loans payable (6,364) (17,159) (64,787)
Payment for redemption of bonds (5,000) (30) (50,901)
Repayments of lease obligations (1,993) –(20,289)
Proceeds from disposal of treasury stock 218 16 2,219
Payment for purchase of treasury stock (665) (289) (6,770)
Dividend payments (9,279) (9,271) (94,462)
Dividend payments to minority shareholders in consolidated subsidiaries (268) (126) (2,728)
Net cash provided by (used in) financing activities 4,959 (10,545) 50,484
Effect of Exchange Rate Changes on Cash and Cash Equivalents (11,311) (347) (115,148)
Increase in Cash and Cash Equivalents 11,041 35,305 112,399
Cash and Cash Equivalents at the Beginning of the Year (Note 4) 122,187 86,587 1,243,887
Increase in Cash and Cash Equivalents Due to Newly Consolidated Subsidiaries 498 294 5,070
Cash and Cash Equivalents at the End of the Year (Note 4) ¥133,727 ¥122,187 $1,361,366
The accompanying Notes to the Consolidated Financial Statements are an integral part of these financial statements.