Suzuki 2002 Annual Report Download - page 23

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SUZUKI MOTOR CORPORATION
21
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended March 31, 2002 and 2001
Cash flows from operating activities
Income before income taxes etc. ........................................ ¥ 39,328 ¥ 40,060 $ 295,149
Depreciation and amortization expenses ............................ 75,083 75,344 563,481
Equity in earnings of affiliates ........................................... (2,361) (644) (17,720)
Increase in accrued retirement & severance benefits ...........
22,458 11,533 168,545
Interest and dividend income ............................................. (3,977) (4,598) (29,847)
Interest expense .................................................................. 4,819 5,469 36,167
Increase (decrease) in accounts receivable......................... 2,827 (4,715) 21,222
Increase (decrease) in inventories ...................................... 4,705 (19,531) 35,310
Increase (decrease) in accounts payable............................. (16,628) 18,858 (124,788)
Others ................................................................................. 7,412 1,680 55,624
Sub Total 133,669 123,457 1,003,145
Interest and dividend received............................................ 3,733 5,333 28,015
Interest paid ........................................................................ (4,719) (5,479) (35,416)
Income taxes paid ............................................................... (25,897) (22,346) (194,354)
Net cash provided by operating activities 106,785 100,965 801,390
Cash flows from investing activities
Purchases of marketable securities ..................................... (40,873) — (306,746)
Proceeds from sales of marketable securities ..................... 1,014 3,000 7,611
Purchases of property, plants and equipment ..................... (79,518) (75,399) (596,760)
Proceeds from sales of property, plant and equipment ....... 2,688 2,013 20,172
Purchases of investment securities...................................... (10,777) (13,223) (80,885)
Proceeds from sales of investment securities...................... 9,173 7,554 68,844
Increase in loans receivable ............................................... (30,401) (656) (228,150)
Others .................................................................................. 1,114 963 8,366
Net cash used in investing activities (147,580) (75,748) (1,107,547)
Cash flows from financing activities
Net increase (decrease) in short term bank loans ............... (39,513) 8,311 (296,533)
Proceeds from long term debt and issuance of bonds ........ 36,193 100 271,620
Repayment from long term debt and redemption of bonds (2,762) (6,899) (20,729)
Net decrease in commercial paper ..................................... —(20,000) —
Proceeds from issuance of stocks ....................................... —58,109 —
Cash dividends paid ........................................................... (4,744) (4,141) (35,608)
Others ................................................................................. (52) 5(395)
Net Cash provided by (used in) financing activities (10,879) 35,485 (81,646)
Effect of exchange rate change on cash and cash equivalents
2,773 998 20,816
Cash and cash equivalents increased (decreased) (48,901) 61,701 (366,987)
Cash and cash equivalents at the beginning of year 271,918 210,217 2,040,666
Cash and cash equivalents at the end of year ¥ 223,017 ¥271,918 $1,673,679
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Thousands of
U.S. dollars
SUZUKI MOTOR CORPORATION
AND CONSOLIDATED SUBSIDIARIES 2002 2001 2002
Millions of yen