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Consolidated Statements of Cash Flows
Mitsubishi Motors Corporation and Consolidated Subsidiaries
(In millions of yen) (In thousands of
U.S. dollars) (Note 3)
For the years ended March 31,
2015 2014 2015
Operating activities:
Net income (loss) ¥ 118,170 ¥104,664 $ 983,362
Adjustments to reconcile net income (loss) to net cash provided by (used in)
operating activities:
Depreciation and amortization 62,447 59,212 519,657
Impairment loss (Notes 4 and 11) 20,145 6,902 167,639
Gain on revision of retirement bene t plan (2,448) —(20,377)
Increase (decrease) in allowance for doubtful accounts (849) (2,445) (7,066)
Increase (decrease) in net de ned bene t liability (9,415) (3,372) (78,351)
Equity in (earnings) losses of af liates (10,613) (7,373) (88,319)
Income taxes – deferred (7,698) (14,629) (64,060)
Minority interests in income 1,853 2,465 15,420
Loss (gain) on sales and retirement of property, plant and equipment, net 2,623 4,038 21,832
Loss (gain) on sales of investment securities (12) (205) (104)
Loss (gain) on sales of subsidiaries and af liates’ stocks (200) (616) (1,666)
Share issuance cost —12,639 —
Decrease (increase) in notes and accounts receivable – trade 481 (23,910) 4,003
Decrease (increase) in inventories 14,382 (1,187) 119,680
Changes in  nance receivables (Note 13) 2,824 12,249 23,504
Increase (decrease) in notes and accounts payable – trade 2,766 42,135 23,017
Other, net (Note 13) (17,446) 19,874 (145,183)
Net cash provided by (used in) operating activities 177,008 210,443 1,472,988
Investing activities:
Decrease (increase) in time deposits (17) 9,583 (148)
Purchases of property, plant and equipment (Note 13) (85,598) (90,695) (712,309)
Proceeds from sales of property, plant and equipment (Note 13) 16,353 14,715 136,083
Net decrease (increase) in investments in securities 53 221 447
Decrease (increase) in short-term loans receivable 423 (1,625) 3,526
Payments of long-term loans receivable (870) (6,294) (7,243)
Collection of long-term loans receivable 1,343 705 11,184
Net decrease in cash on the sale of subsidiaries resulting in change in scope
of consolidation —(2,265) —
Other, net (3,015) (5,697) (25,093)
Net cash provided by (used in) investing activities (71,327) (81,352) (593,552)
Financing activities:
Increase (decrease) in short-term loans payable (41,573) (5,790) (345,953)
Proceeds from issuance of long-term debt 28,613 2,925 238,107
Repayment or redemption of long-term debt (83,064) (142,824) (691,222)
Proceeds from issuance of common shares (Note 8) —254,111 —
Purchase of treasury shares (Note 8) (0) (181,711) (4)
Cash dividends paid (31,746) —(264,183)
Cash dividends paid to minority shareholders (507) (4,313) (4,223)
Other, net (3,215) (4,480) (26,756)
Net cash provided by (used in)  nancing activities (131,494) (82,083) (1,094,236)
Effect of exchange rate changes on cash and cash equivalents 9,643 3,520 80,252
Net change in cash and cash equivalents (16,168) 50,527 (134,547)
Cash and cash equivalents at beginning of year 411,695 361,167 3,425,939
Cash and cash equivalents at end of year (Note 13) ¥ 395,526 ¥411,695 $ 3,291,391
See accompanying notes to consolidated financial statements.
MITSUBISHI MOTORS CORPORATION
Annual Report 2015 47