LensCrafters 2004 Annual Report Download - page 99

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INDEPENDENT AUDITORS’ REPORT
98
STATEMENTS OF CONSOLIDATED CASH FLOWS FOR THE YEARS
ENDED DECEMBER 31, 2002, 2003 AND 2004
In accordance with U.S. GAAP
(1) Translated for convenience at
the New York City Noon Buying
Rate as determined in Note 1.
Cash flows from operating
activities
Net income
Adjustments to reconcile net income
to net cash provided by operating
activities
Minority interest in income of
consolidated subsidiaries
Depreciation and amortization
(Benefit) provision for deferred income
taxes
Gain on disposals of fixed assets - net
Unrealized foreign exchange gain
Termination indemnities matured during
the year - net
Changes in operating assets and
liabilities, net of acquisition of businesses
Accounts receivable
Prepaid expenses and other
Inventories
Accounts payable
Accrued expenses and other
Accrual for customers’ right of return
Income taxes payable
Total adjustments
Cash provided by operating
activities
Cash flows from investing
activities
Property, plant and equipment:
- Additions
- Disposals
Purchases of businesses net of cash
acquired
Increase in investments
Additions (disposals) of intangible
assets - net
Cash used in investing activities
267,343
5,122
134,840
12,865
(124)
-
2,403
23,888
(43,556)
17,120
(45,029)
(39,857)
(249)
(7,294)
59,929
327,272
(81,288)
3,839
(342,432)
(501)
(48,177)
(468,559)
2003
(Euro thousands)
372,077
4,669
145,980
(7,785)
(1,212)
-
5,977
(17,522)
56,339
(58,573)
8,926
(78,611)
(3,147)
9,161
64,202
436,279
(173,330)
4,646
(27,428)
(7,611)
28,611
(175,112)
2002
(Euro thousands)
286,874
8,614
152,751
45,414
-
(13,445)
6,768
(15,819)
749
64,467
7,062
(14,724)
727
(1,555)
241,009
527,883
(117,420)
198
(362,978)
-
(301)
(480,501)
2004
(Euro thousands)
388,371
11,662
206,794
61,481
-
(18,202)
9,163
(21,416)
1,014
87,275
9,561
(19,934)
984
(2,105)
326,277
714,648
(158,963)
268
(491,400)
-
(407)
(650,502)
2004
(US$ thousands) (1)