Konica Minolta 2014 Annual Report Download - page 56

Consolidated Statements of Cash Flows
Konica Minolta, Inc. and Consolidated Subsidiaries
For the fi scal years ended March 31, 2014 and 2013
Millions of yen
Thousands of
U.S. dollars (Note 3)
2014 2013 2014
Cash Flows from Operating Activities:
Income before income taxes and minority interests .............................. ¥ 23,503 ¥ 33,836 $ 228,362
Depreciation and amortization ................................................................ 47,371 45,999 460,270
Loss on impairment of fi xed assets ........................................................ 17,424 2,902 169,297
Amortization of goodwill ......................................................................... 9,406 9,863 91,391
Interest and dividend income .................................................................. (2,122) (1,476) (20,618)
Interest expense ..................................................................................... 2,852 2,499 27,711
Loss on sales and disposals of property, plant and equipment .............. 1,999 1,661 19,423
Gain on sales and valuation of investment securities ............................. (26) (53) (253)
Increase (Decrease) in provision for bonuses ......................................... 1,915 (178) 18,607
Decrease in accrued retirement benefi ts ................................................ —(1,789) —
Increase in net defi ned benefi t liability ................................................... 9,609 —93,364
Decrease (Increase) in notes and accounts receivable-trade .................. (1,503) 4,958 (14,604)
Decrease in inventories .......................................................................... 9,098 4,963 88,399
Decrease in notes and accounts payable-trade ...................................... (6,742) (21,095) (65,507)
Transfer of rental business-use assets.................................................... (5,837) (6,169) (56,714)
Decrease (Increase) in accounts receivable-other .................................. (376) 1,749 (3,653)
Increase in accounts payable-other and accrued expenses .................... 5,735 855 55,723
Decrease/increase in consumption taxes receivable/payable ................. 713 (473) 6,928
Other ....................................................................................................... (8,445) 2,986 (82,054)
Subtotal ............................................................................................... 104,575 81,040 1,016,080
Interest and dividend income received ................................................... 2,091 1,530 20,317
Interest paid ............................................................................................ (2,927) (2,597) (28,440)
Income taxes paid ................................................................................... (13,793) (13,506) (134,017)
Net cash provided by operating activities ............................................ 89,945 66,467 873,931
Cash Flows from Investing Activities:
Payment for acquisition of property, plant and equipment ..................... (36,487) (31,015) (354,518)
Proceeds from sales of property, plant and equipment .......................... 2,355 987 22,882
Payment for acquisition of intangible fi xed assets .................................. (8,654) (8,092) (84,085)
Payment for transfer of business ............................................................ (2,102) (2,199) (20,424)
Purchase of investments in subsidiaries resulting in change of
scope of consolidation .......................................................................... (1,777) (9,974) (17,266)
Purchase of investments in capital of subsidiaries resulting
in change of scope of consolidation ...................................................... (616) (10,336) (5,985)
Additional purchase of investments in capital of consolidated subsidiaries ..... (1,633) —(15,867)
Payment for loans receivable .................................................................. (306) (301) (2,973)
Proceeds from collection of loans receivable ......................................... 159 96 1,545
Payment for acquisition of investment securities ................................... (4,910) (744) (47,707)
Proceeds from sales of investment securities ........................................ 397 298 3,857
Purchase of investments in subsidiaries ................................................. (297) (607) (2,886)
Payment for acquisition of other investments ........................................ (2,718) (2,347) (26,409)
Other ....................................................................................................... 816 795 7,928
Net cash used in investing activities ................................................... (55,776) (63,442) (541,935)
Cash Flows from Financing Activities:
Increase (Decrease) in short-term loans payable .................................... (35,013) 22,701 (340,196)
Proceeds from long-term loans payable ................................................. 25,598 14,504 248,717
Repayment of long-term loans payable .................................................. (24,061) (12,174) (233,784)
Payment for redemption of bonds .......................................................... —(40,000) —
Repayments of lease obligations ............................................................ (2,658) (1,661) (25,826)
Proceeds from disposal of treasury stock ............................................... 010
Payment for purchase of treasury stock ................................................. (15,806) (9) (153,576)
Payments made to trust account for purchase of treasury stock ........... (727) —(7,064)
Dividend payments ................................................................................. (9,284) (7,957) (90,206)
Net cash used in fi nancing activities ................................................... (61,954) (24,596) (601,963)
Effect of Exchange Rate Changes on Cash and Cash Equivalents ....... 1,690 3,552 16,421
Decrease in Cash and Cash Equivalents ................................................. (26,094) (18,018) (253,537)
Cash and Cash Equivalents at the Beginning of the Year (Note 4) ....... 213,914 231,933 2,078,449
Increase in Cash and Cash Equivalents from newly consolidated subsidiary ... 669 —6,500
Cash and Cash Equivalents at the End of the Year (Note 4).................. ¥188,489 ¥213,914 $1,831,413
The accompanying Notes to the Consolidated Financial Statements are an integral part of these fi nancial statements.
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KONICA MINOLTA, INC. Annual Report 2014