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92 Omron Corporation Integrated Report 2014 93
Consolidated Statements of Cash Flows
OMRON Corporation and Subsidiaries
Years Ended March 31, 2012, 2013 and 2014
Millions of yen
Thousands of
U.S. dollars
FY2011 FY2012 FY2013 FY2013
Operating Activities:
Net income ¥ 16,352 ¥ 30,117 ¥ 46,314 $ 449,650
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 22,617 22,452 25,089 243,582
Net loss on sales and disposals of property, plant and equipment 861 578 1,146 11,126
Loss on impairment of long-lived assets 671 3,265 804 7,806
Net gain on sale of investment securities (307) (677)(1,714) (16,641)
Loss on impairment of investment securities 391 1,086 501 4,864
Loss on impairment of goodwill 2,009 153 − −
Termination and retirement benefits (5,669) (4,433)(4,417) (42,883)
Deferred income taxes 9,981 3,762 2,170 21,068
Equity in loss (earnings) of affiliates (631) (2,976) (3,782) (36,718)
Changes in assets and liabilities:
Increase in notes and accounts receivable - trade (6,838) (5,827)(6,613) (64,204)
Decrease (increase) in inventories (6,538)8,641 (325) (3,155)
Decrease (increase) in other assets (483)21 (32) (311)
Increase (decrease) in notes and accounts payable - trade 682 (5,927)5,824 56,544
Increase (decrease) in income taxes payable (1,562)3,121 2,277 22,107
Increase in accrued expenses and other current liabilities 388 1,519 10,883 105,660
Other, net 22 (1,817)919 8,922
Total adjustments 15,594 22,941 32,730 317,767
Net cash provided by operating activities 31,946 53,058 79,044 767,417
Investing Activities:
Proceeds from sale or maturities of investment securities 693 1,658 2,840 27,573
Purchase of investment securities (911) (0)(2,179) (21,155)
Capital expenditures (27,502) (30,383)(32,218) (312,796)
Decrease (increase) in leasehold deposits, net (101)457 75 728
Proceeds from sale of property, plant and equipment 2,307 836 794 7,709
Decrease (increase) in investment in and loans to affiliates (480) (1,884)209 2,029
Sale of business, net of cash acquired ̶90 26 252
Acquisition of business, net of cash acquired (1,012)141 (672) (6,524)
Purchase of noncontrolling interests ̶(10)− −
Other, net 520 624 − −
Net cash used in investing activities (26,486) (28,471)(31,125) (302,184)
Financing Activities:
Net repayments of short-term debt (26,744) (13,273)(5,135) (49,854)
Dividends paid by the Company (6,604) (6,164)(10,566) (102,583)
Dividends paid to noncontrolling interests (15) (2)− −
Proceeds from equity transactions with noncontrolling interests ̶819 22 214
Other, net (129)70 (619) (6,010)
Net cash used in financing activities (33,492) (18,550)(16,298) (158,233)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,446)4,414 2,922 28,369
Net Increase (Decrease) in Cash and Cash Equivalents (29,478)10,451 34,543 335,369
Cash and Cash Equivalents at Beginning of the Year 74,735 45,257 55,708 540,854
Cash and Cash Equivalents at End of the Year ¥ 45,257 ¥ 55,708 ¥ 90,251 $ 876,223
U.S. dollar amounts represent translations of Japanese yen at the approximate exchange rate on March 31, 2014, of ¥103 = $1.
Consolidated Statements of Shareholders Equity
OMRON Corporation and Subsidiaries
Years Ended March 31, 2012, 2013 and 2014
Net income
46,185 46,185 129 46,314
Cash dividends paid to
OMRON Corporation
shareholders, ¥53 per share
(11,666) (11,666) (11,666)
Equity transaction with
noncontrolling interests
and other
154 154
Transfer to legal reserve
320 (320)
̶ ̶
Other comprehensive
income (loss)
29,187 29,187 185 29,372
Acquisition of treasury stock
(161) (161) (161)
Sale of treasury stock
11
2 2
Balance, March 31, 2014
227,121,372 ¥ 64,100 ¥ 99,067 ¥ 11,196 ¥ 287,853 ¥ (15,162)¥ (16,545)¥ 430,509 ¥ 2,269 ¥ 432,778
Thousands of U.S. dollars
Number of
common shares
issued
Common stock Capital surplus Legal reserve Retained
earnings
Accumulated
other
comprehensive
income (loss)
Treasury stock
Total
Shareholders’
Equity
Noncontrolling
interests
Total Net
Assets
Balance, March 31, 2013
227,121,372 $ 622,330 $ 961,806 $ 105,592 $ 2,462,660 $ (430,573)$ (159,077)$ 3,562,738 $ 17,485 $ 3,580,223
Net income
448,398 448,398 1,252 449,650
Cash dividends paid to
OMRON Corporation
shareholders, $0.51 per share
(113,262) (113,262) (113,262)
Equity transaction with
noncontrolling interests
and other
1,495 1,495
Transfer to legal reserve
3,107 (3,107)− −
Other comprehensive
income (loss)
283,369 283,369 1,797 285,166
Acquisition of treasury stock
(1,563) (1,563) (1,563)
Sale of treasury stock
10 9 19 19
Balance, March 31, 2014
227,121,372 $ 622,330 $ 961,816 $ 108,699 $ 2,794,689 $ (147,204)$ (160,631)$ 4,179,699 $ 22,029 $ 4,201,728
U.S. dollar amounts represent translations of Japanese yen at the approximate exchange rate on March 31, 2014, of ¥103 = $1.
Millions of yen
Number of
common shares
issued
Common stock Capital surplus Legal reserve Retained
earnings
Accumulated
other
comprehensive
income (loss)
Treasury stock
Total
Shareholders’
Equity
Noncontrolling
interests
Total Net
Assets
Balance, March 31, 2011 239,121,372 ¥64,100 ¥99,081 ¥9,574 ¥250,824 ¥(66,227)¥(44,599) ¥312,753 ¥899 ¥313,652
Net income 16,389 16,389 (37)16,352
Cash dividends paid to
OMRON Corporation
shareholders, ¥28 per share (6,164) (6,164) (6,164)
Cash dividends paid to
noncontrolling interests (15) (15)
Transfer to legal reserve 460 (460)̶ ̶
Other comprehensive
income (loss) (2,206) (2,206) (7) (2,213)
Acquisition of treasury stock (10) (10) (10)
Sale of treasury stock (3) (32)113 78 78
Balance, March 31, 2012 239,121,372 64,100 99,078 10,034 260,557 (68,433) (44,496)320,840 840 321,680
Net income 30,203 30,203 (86)30,117
Cash dividends paid to
OMRON Corporation
shareholders, ¥37 per share (8,145) (8,145) (8,145)
Cash dividends paid to
noncontrolling interests (2) (2)
Equity transaction with
noncontrolling interests
and other (12) (12)889 877
Transfer to legal reserve 842 (842)̶ ̶
Other comprehensive
income (loss) 24,084 24,084 160 24,244
Acquisition of treasury stock (9) (9) (9)
Sale of treasury stock (0)1 1 1
Retirement of treasury stock (12,000,000) (28,119)28,119 ̶ ̶
Balance, March 31, 2013 227,121,372 64,100 99,066 10,876 253,654 (44,349) (16,385) 366,962 1,801 368,763
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