Mazda 2015 Annual Report Download - page 47

Millions of yen
Thousands of
U.S. dollars
(Note 1)
2015 2014 2015
Cash flows from operating activities:
Income before income taxes ¥ 209,335 ¥ 97,409 $ 1,744,458
A djustments to reconcile income before income taxes to
net cash provided by/(used in) operating activities:
Depreciation and amortization 68,872 57,656 573,933
Loss on impairment of fixed assets 2,495 2,754 20,792
Allowance for doubtful receivables (20) (1,364) (167)
Reserve for warranty expenses 13,683 3,454 114,025
Reserve for loss from business of affiliates (6,131) 37,292 (51,092)
Reserve for environmental measures (484) 8(4,033)
Increase/(decrease) in liability for retirement benefits (2,596) (1,546) (21,633)
Interest and dividend income (4,268) (2,846) (35,567)
Interest expense 13,706 12,975 114,217
Equity in net loss/(income) of affiliated companies (17,216) (9,677) (143,467)
L oss/(gain) on sale/disposition of property,
plant and equipment, net 5,608 4,107 46,733
Decrease/(increase) in trade notes and accounts receivable (30,252) (1,416) (252,100)
Decrease/(increase) in inventories (49,403) (47,058) (411,692)
Increase/(decrease) in trade notes and accounts payable 46,568 48,068 388,067
Increase/(decrease) in other current liabilities 24,710 10,006 205,917
Other (45,467) (48,572) (378,891)
Subtotal 229,140 161,250 1,909,500
Interest and dividends received 4,898 3,149 40,817
Interest paid (14,081) (13,324) (117,342)
Income taxes paid (15,498) (14,696) (129,150)
Net cash provided by/(used in) operating activities ¥ 204,459 ¥ 136,379 $ 1,703,825
See accompanying notes.
Millions of yen
Thousands of
U.S. dollars
(Note 1)
2015 2014 2015
Cash flows from investing activities:
Decrease/(increase) in time deposits ¥ 988 ¥ 11 $ 8,233
Purchase of investment securities (1,907) (1,823) (15,892)
Proceeds from sales and redemption of investment securities 40,810 152 340,083
Acquisition of property, plant and equipment (123,370) (110,830) (1,028,083)
Proceeds from sale of property, plant and equipment 1,476 1,841 12,300
Acquisition of intangible assets (12,758) (8,263) (106,317)
Decrease/(increase) in short-term loans receivable (784) 4(6,533)
Long-term loans receivable made (592) (1,235) (4,933)
Collections of long-term loans receivable 1,075 274 8,958
Other (486) (188) (4,049)
Net cash provided by/(used in) investing activities (95,548) (120,057) (796,233)
Cash flows from financing activities:
Increase/(decrease) in short-term debt 11,909 (1,100) 99,242
Proceeds from long-term debt 38,505 116,048 320,875
Repayment of long-term debt (110,184) (104,594) (918,200)
Cash dividends paid (2,989) —(24,908)
Proceeds from stock issuance to minority shareholders —356 —
C ash dividends paid to the minority shareholders of
consolidated subsidiaries —(215) —
Treasury stock transactions (17) (12) (142)
Net cash provided by/(used in) financing activities (62,776) 10,483 (523,133)
Effect of exchange rate fluctuations on cash and
cash equivalents 3,259 8,074 27,158
Net increase/(decrease) in cash and cash equivalents 49,394 34,879 411,617
Cash and cash equivalents at beginning of the year 479,754 444,875 3,997,950
Cash and cash equivalents at end of the year ¥ 529,148 ¥ 479,754 $ 4,409,567
Consolidated Statements of Cash Flows Mazda Motor Corporation and Consolidated Subsidiaries
Years ended March 31, 2015 and 2014
Mazda Annual Report 2015
45
C
CONTENTS
Growth Strategy
Message from Management
Introduction
Review of Operations
Foundations Underpinning
Sustainable Growth