Suzuki 2003 Annual Report Download - page 25

SUZUKI MOTOR CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended March 31, 2003 and 2002
Cash Flows from operating activities
Income before income taxes etc............................... ¥ 62,269 ¥ 39,328 $ 518,047
Depreciation and amortization expenses ................. 83,896 75,083 697,970
Equity in earnings of affiliates ................................... (5,118) (2,361) (42,581)
Increase (decrease) in accrued retirement & severance benefits (5,425) 22,458 (45,138)
Interest and dividend income ................................... (7,405) (3,977) (61,613)
Interest expense ........................................................ 3,615 4,819 30,083
Decrease in accounts receivable ............................. 12,093 2,827 100,607
Decrease (increase) in inventories ........................... (10,218) 4,705 (85,009)
Increase (decrease) in accounts payable ................ 24,792 (16,628) 206,256
Others........................................................................ 23,831 7,412 198,265
Sub Total 182,329 133,669 1,516,886
Interest and dividends received ............................... 6,702 3,733 55,760
Interest paid .............................................................. (3,684) (4,719) (30,656)
Income taxes paid..................................................... (39,271) (25,897) (326,715)
Net cash provided by operating activities 146,075 106,785 1,215,274
Cash Flows from investing activities
Purchases of marketable securities........................... (68,943) (40,873) (573,576)
Proceeds from sales of marketable securities........... 116,024 1,014 965,259
Purchases of property, plants and equipment .......... (78,592) (79,518) (653,851)
Proceeds from sales of property, plants and equipment 2,906 2,688 24,181
Purchases of investment securities ........................... (55,885) (10,777) (464,937)
Proceeds from sales of investment securities ........... 9,564 9,173 79,574
Increase in loans receivable ...................................... (5,596) (30,401) (46,557)
Purchases of subsidiaries' stock
Resulting in the change of scope of consolidation . (17,260) —(143,594)
Others ........................................................................ (582) 1,114 (4,845)
Net cash used in investing activities (98,365) (147,580) (818,347)
Cash Flows from financing activities
Net decrease in short term bank loans ..................... (21,702) (39,513) (180,554)
Proceeds from long term debt and issuance of bonds 508 36,193 4,234
Repayment from long term debt and redemption of bonds (893) (2,762) (7,431)
Cash dividends paid ................................................. (5,126) (4,744) (42,647)
Purchases of treasury stock ...................................... (7,923) —(65,922)
Others........................................................................ 329 (52) 2,737
Net Cash used in financing activities (34,808) (10,879) (289,585)
Effect of exchange rate change on cash and cash equivalents 130 2,773 1,081
Cash and cash equivalents increased (decreased) 13,032 (48,901) 108,422
Cash and cash equivalents at the beginning of year 223,017 271,918 1,855,388
Increase of Cash and cash equivalents
by newly consolidated subsidiaries 2,693 —22,410
Cash and cash equivalents at the end of year ¥ 238,743 ¥223,017 $1,986,222
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 2003 2002 2003
Millions of yen

25
