Sharp 2015 Annual Report Download - page 34

Consolidated Statements of Cash Flows
Sharp Corporation and Consolidated Subsidiaries for the Years Ended March 31, 2014 and 2015
Yen
(millions)
2014 2015
Cash Flows from Operating Activities:
Income (loss) before income taxes and minority interests ¥ 45,970 ¥ (188,834)
Adjustments to reconcile income (loss) before income taxes and minority
interests to net cash provided by (used in) operating activities—
Depreciation and amortization of properties and intangibles 123,776 109,324
Interest and dividends income (2,388) (2,870)
Interest expenses 20,726 23,182
Foreign exchange gains (1,469) (1,479)
Gain on sales and retirement of noncurrent assets, net (1,851) (8,324)
Impairment loss 11,770 104,015
Loss on valuation of investment securities 2,162 622
Gain on sales of investment securities, net (5,976) (22,532)
Restructuring charges — 21,239
Provision for loss on litigation 1,135 2,140
Reversal of provision for loss on litigation — (19,234)
Settlement package 67 —
Settlement — 14,382
Decrease in notes and accounts receivable 25,577 33,409
Decrease (increase) in inventories 26,700 (30,858)
Increase (decrease) in payables (15,840) 19,136
Increase in valuation reserve for inventory purchase commitments — 54,655
Other, net 20,491 (17,944)
Total 250,850 90,029
Interest and dividends income received 2,981 4,371
Interest expenses paid (20,845) (23,221)
Special extra retirement payments paid (201) —
Settlement package paid (13,712) (2,585)
Settlement paid — (13,202)
Income taxes paid (20,089) (38,053)
Net cash provided by operating activities 198,984 17,339
Yen
(millions)
2014 2015
Cash Flows from Investing Activities:
Payments into time deposits (20,986) (22,961)
Proceeds from withdrawal of time deposits 34 20,161
Purchase of investments in subsidiaries
resulting in change in scope of consolidation (1,898) (1,794)
Payments for sales of investments in subsidiaries resulting in change in
scope of consolidation — (2,437)
Proceeds for sales of investments in subsidiaries resulting in change in
scope of consolidation — 17,633
Purchase of property, plant and equipment (45,707) (49,710)
Proceeds from sales of property, plant and equipment 8,920 18,072
Purchase of investments in securities, nonconsolidated
subsidiaries and affiliates (25,328) (2,429)
Proceeds from sales of investments in securities,
nonconsolidated subsidiaries and affiliates 17,508 30,326
Other, net (17,483) (22,904)
Net cash used in investing activities (84,940) (16,043)
Cash Flows from Financing Activities:
Deposits of restricted cash (25,117) (1,999)
Proceeds from withdrawal of restricted cash 20,970 3,442
Net increase in short-term borrowings 2,190 6,453
Proceeds from long-term debt 182,442 5,282
Repayments of long-term debt (289,479) (148,646)
Other, net 141,747 (622)
Net cash (used in) provided by financing activities 32,753 (136,090)
Effect of Exchange Rate Change on Cash and Cash Equivalents 15,971 16,371
Net (Decrease) Increase in Cash and Cash Equivalents 162,768 (118,423)
Cash and Cash Equivalents at Beginning of Year 187,866 350,634
Cash and Cash Equivalents at End of Year ¥ 350,634 ¥ 232,211
The accompanying notes to the consolidated financial statements are an integral part of these statements.
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Consolidated Statements of
Cash Flows
Financial Section
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015
Consolidated
Subsidiaries
Independent Auditor’s
Report
Notes to the Consolidated
Financial Statements
Consolidated Statements of
Changes in Net Assets
Consolidated Statements of
Comprehensive Income
Consolidated Statements of
Operations
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary