Pentax 2006 Annual Report Download - page 52

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
Thousands of U.S. Dollars
Millions of Yen (Note 1)
2006 2005 2004 2006
OPERATING ACTIVITIES:
Income before income taxes and minority interests ¥ 97,367 ¥83,466 ¥ 55,496 $ 828,867
Adjustments for:
Depreciation and amortization 26,252 21,661 19,988 223,478
Amortization of goodwill ——3,300 —
Provision for (reversal of) allowance for doubtful receivables 235 (345) (1,169) 2,000
Provision for accrued bonuses to employees 278 194 191 2,367
Reversal of accrued retirement benefits ——(293) —
Provision for reserve for periodic repairs 76 185 94 647
Gain on sales of property, plant and equipment and other assets (109) (195) (523) (928)
Loss on disposal of property, plant and equipment 625 948 1,900 5,321
Loss on impairment of long-lived assets 1,233 859 2,040 10,496
Foreign exchange loss (gain) (599) (233) 1,209 (5,099)
Bonuses to directors (65) (63) (169) (553)
Gain on transfer of business (1,656) —— (14,097)
Equity in earnings of associated companies (1,285) (3,708) (1,700) (10,939)
Other 77 554 1,126 655
Changes in assets and liabilities:
Increase in notes and accounts receivable (4,042) (5,393) (4,997) (34,409)
Decrease (increase) in inventories (2,547) (2,526) 222 (21,682)
Decrease (increase) in other current assets 2,097 2,428 (1,961) 17,851
Increase (decrease) in notes and accounts payable 3,644 (1,629) 5,116 31,021
Increase in other current liabilities 2,420 3,142 1,719 20,601
Interest and dividends income (1,795) (1,022) (558) (15,281)
Interest expense 142 87 189 1,209
Interest and dividends receivable 1,866 958 659 15,885
Interest payable (112) (110) (155) (953)
Income taxes—paid (18,247) (23,588) (6,880) (155,333)
Income taxes—refunded —330 3,900 —
Total adjustments 8,488 (7,466) 23,248 72,257
Net cash provided by operating activities 105,855 76,000 78,744 901,124
INVESTING ACTIVITIES:
Proceeds from sales of investment securities ——102 —
Payments for investment securities (2,070) (10) (379) (17,622)
Acquisition of majority shares (337) —— (2,869)
Proceeds from sales of property, plant and equipment 267 541 814 2,273
Payments for property, plant and equipment (47,742) (33,394) (23,212) (406,419)
Payments for purchases of goodwill ——(3,300) —
Proceeds from transfer of business 2,230 —— 18,984
Proceeds from other assets 271 532 2,829 2,307
Payments for purchases of other assets (4,632) (3,193) (5,193) (39,431)
Net cash used in investing activities (52,013) (35,524) (28,339) (442,777)
Consolidated Statements of Cash Flows
Hoya Corporation and Subsidiaries
Years Ended March 31, 2006, 2005 and 2004