NEC 2014 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2014 NEC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

Millions of Yen
Thousands of U.S.
Dollars (Note 1)
2012 2013 2014 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Income (loss) before income taxes and minority interests . . . . . . . . . . . . . . ¥ 3,301 ¥ 69,279 ¥ 83,961 $ 815,155
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83,058 83,612 76,977 747,349
Amortization of long-term prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . 7,711 6,748 4,972 48,272
Impairment losses on property, plant and equipment, and other assets . . . 6,501 21,949 15,934 154,699
Amortization of goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,660 15,428 17,085 165,874
Increase (decrease) in allowance for doubtful accounts . . . . . . . . . . . . . . . 2,589 591 (4,163) (40,417)
Decrease in product warranty liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,686) (1,183) (1,220) (11,845)
Increase (decrease) in provision for loss on construction contracts
and others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193 7,987 (6,634) (64,408)
Increase (decrease) in liabilities for retirement benefits . . . . . . . . . . . . . . . . 6,855 (3,939) — —
Increase in net defined benefit liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 45,828 444,932
Decrease in remeasurements of defined benefit plans . . . . . . . . . . . . . . . . . . — — (60,658) (588,913)
Increase (decrease) in provision for business structure improvement . . . . 18,463 (22,644) 9,086 88,214
Increase (decrease) in provision for contingent loss . . . . . . . . . . . . . . . . . . (939) (3,575) 10,476 101,709
Increase (decrease) in provision for loss on repurchase of computers . . . . (1,151) (1,143) 1,583 15,369
Interest and dividends income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,108) (5,247) (6,251) (60,689)
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,446 5,979 10,036 97,437
Equity in losses (earnings) of affiliated companies . . . . . . . . . . . . . . . . . . . . 12,705 (409) (2,719) (26,398)
Loss (gain) on change in equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (18) (2,657) (365) (3,544)
Gain on sales of property, plant and equipment . . . . . . . . . . . . . . . . . . . . . (966) (1,569) (368) (3,573)
Loss on retirement of property, plant and equipment . . . . . . . . . . . . . . . . . — 636 — —
Gain on sales of investment securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,357) (9,057) (2,698) (26,194)
Loss on sales of investment securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2 23 223
Write-off of investment securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,037 804 1,738 16,874
Gain on sales of investments in affiliated companies . . . . . . . . . . . . . . . . . (15,376) (1,728) (53,923) (523,524)
Loss on sales of investments in affiliated companies . . . . . . . . . . . . . . . . . 1,118 880 64 621
Loss on contribution of securities to retirement benefit trust . . . . . . . . . . . — 5,898 — —
Loss on disaster . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,131 — — —
Gain on insurance claim . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10,648) (1,625) — —
Increase in trade notes and accounts receivable . . . . . . . . . . . . . . . . . . . . (88,216) (9,600) (22,680) (220,194)
(Increase) decrease in inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (150) 5,496 24,327 236,184
(Increase) decrease in accounts receivable, other . . . . . . . . . . . . . . . . . . . . 15,591 (2,792) 3,380 32,816
Increase (decrease) in trade notes and accounts payable . . . . . . . . . . . . . 28,976 (8,548) (4,034) (39,165)
Others—net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,690) 22,267 (12,107) (117,544)
Sub total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86,041 171,840 127,650 1,239,320
Interest and dividends received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,111 4,481 6,216 60,350
Interest paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,152) (5,928) (8,914) (86,544)
Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (22,650) (28,653) (30,828) (299,301)
Proceeds from insurance income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,507 2,008 — —
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 83,857 ¥ 143,748 ¥ 94,124 $ 913,825
See notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF CASH FLOWS
NEC Corporation and Subsidiaries
Years Ended March 31, 2012, 2013 and 2014
57 NEC Corporation
Annual Report 2014