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Millions of Yen
Thousands of U.S.
Dollars (Note 1)
2011 2012 2013 2013
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . ¥ (57,580) ¥ (39,772) ¥ (46,012) $ (489,489)
Proceeds from sales of property, plant and equipment . . . . . . . . . . . . . . . 3,768 4,759 5,208 55,404
Acquisitions of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (29,471) (17,421) (14,556) (154,851)
Purchases of investment securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,259) (1,977) (1,159) (12,330)
Proceeds from sales of investment securities . . . . . . . . . . . . . . . . . . . . . . . 3,767 1,999 27,601 293,628
Disbursements for acquisitions of shares of newly
consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,572) (2,345) (58,072) (617,787)
Proceeds from sales of shares of subsidiaries being excluded
from the consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,551 1,178 553 5,883
Disbursements for sales of shares of subsidiaries being excluded
from the consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,738) (4,308) (524) (5,574)
Purchases of investments in affiliated companies . . . . . . . . . . . . . . . . . . . . (59,615) (358) (582) (6,192)
Proceeds from sales of investments in affiliated companies . . . . . . . . . . . . 145 6,779 1,151 12,245
(Increase) decrease in short-term loans receivable, net . . . . . . . . . . . . . . . 1 (101) 187 1,989
Disbursements for loans receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (46) (475) (17,543) (186,628)
Collection of loans receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 294 195 2,074
Others—net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,395) 2,042 1,811 19,266
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (146,244) (49,706) (101,742) (1,082,362)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (decrease) in short-term borrowings, net . . . . . . . . . . . . . . . . . . . 125,829 (85,998) (70,289) (747,755)
Proceeds from long-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,167 191,760 58,456 621,872
Repayments of long-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (177,176) (20,351) (82,996) (882,936)
Proceeds from issuance of bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000 30,000 — —
Redemption of bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (19,835) — — —
Redemption of convertible bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (97,669) — —
Proceeds from stock issuance to minority shareholders. . . . . . . . . . . . . . . 1,866 — — —
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10,396) (39) (4) (42)
Dividends paid to minority shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,302) (3,211) (3,949) (42,011)
Others—net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (78) 200 (25) (266)
Net cash provided by (used in) financing activities . . . . . . . . . . . . . . . . . . . 73,075 14,692 (98,807) (1,051,138)
EFFECT OF EXCHANGE RATE CHANGES ON CASH
AND CASH EQUIVALENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,073) (879) 6,200 65,957
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS . . . . . . . (43,582) 47,964 (50,601) (538,309)
CASH AND CASH EQUIVALENTS, AT BEGINNING OF YEAR . . . . . . . . . . . . 330,548 203,879 251,843 2,679,181
DECREASE IN CASH AND CASH EQUIVALENTS RESULTING
FROM CHANGE OF SCOPE OF CONSOLIDATION . . . . . . . . . . . . . . . . . . . (92,787) — (4,110) (43,723)
INCREASE IN CASH AND CASH EQUIVALENTS RESULTING
FROM MERGER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,700 — — —
CASH AND CASH EQUIVALENTS, AT END OF YEAR . . . . . . . . . . . . . . . . . . ¥ 203,879 ¥251,843 ¥ 197,132 $ 2,097,149
NON-CASH INVESTING AND FINANCING ACTIVITIES
Finance leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 3,986 ¥ 2,372 ¥ 1,670 $ 17,766
Contribution of securities to retirement benefit trust . . . . . . . . . . . . . . . . . . 70,992 — 26,437 281,245
Assets acquired and liabilities assumed in merger (Note 18)
Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,652 — — —
Fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,523 — — —
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 46,175 ¥ —¥ — $ —
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,612 — — —
Long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,021 — — —
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 41,633 ¥ —¥ — $ —
58
NEC Corporation
Annual Report 2013
IV
Corporate Data