Suzuki 2006 Annual Report Download - page 32

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SUZUKI MOTOR CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended March 31, 2006 and 2005
Cash flows from operating activities
Income before income taxes..................................... ¥121,844 ¥ 107,054 $1,037,242
Depreciation and amortization expenses ................. 126,520 97,731 1,077,047
Loss of impairment .................................................... —3,774 —
Equity in earnings of affiliates ................................... (3,933) (3,504) (33,487)
Decrease in accrued retirement and severance benefits
(1,210) (2,031) (10,305)
Interest and dividend income ................................... (11,771) (8,394) (100,210)
Interest expenses ...................................................... 3,554 3,237 30,259
Increase in accounts receivable ............................... (22,942) (1,312) (195,307)
Increase in inventories .............................................. (54,935) (27,146) (467,656)
Increase in accounts payable ................................... 115,988 54,948 987,385
Others ........................................................................ 14,519 27,468 123,612
Sub Total 287,634 251,825 2,448,580
Interest and dividends received ............................... 10,795 7,964 91,895
Interest paid .............................................................. (3,505) (2,893) (29,839)
Income taxes paid ..................................................... (54,881) (44,468) (467,192)
Net cash provided by operating activities 240,043 212,427 2,043,445
Cash flows from investing activities
Deposit in time deposit .............................................. (108,942) (55,011) (927,402)
Disbursement from time deposit................................ 142,311 25,652 1,211,471
Purchases of marketable securities........................... (68,314) (67,979) (581,545)
Proceeds from sales of marketable securities........... 83,582 99,429 711,519
Purchases of property, plants and equipment .......... (160,256) (128,833) (1,364,231)
Proceeds from sales of property, plants and equipment
4,005 1,670 34,101
Purchases of investment securities ........................... (52) (1,207) (449)
Proceeds from sales of investment securities ........... 14,779 4,836 125,817
Increase in other investment ..................................... (7,921) —(67,436)
Increase in loans receivable ...................................... (1,747) (360) (14,878)
Purchases of subsidiaries’ stock
resulting in the change of scope of consolidation... —(1,890) —
Others ........................................................................ (1,659) (2,409) (14,127)
Net cash used in investing activities (104,215) (126,102) (887,162)
Cash flows from financing activities
Net increase (decrease) in short term bank loans .... 38,233 (16,747) 325,473
Proceeds from long term debt and issuance of bonds
39,472 —336,025
Repayment from long term debt and redemption of bonds
(6,480) (15,407) (55,163)
Cash dividends paid ................................................. (6,650) (5,413) (56,614)
Purchases of treasury stock ...................................... (235,782) (6,489) (2,007,174)
Others ........................................................................ 10,481 089,227
Net cash used in financing activities (160,725) (44,058) (1,368,225)
Effect of exchange rate change on cash and cash equivalents
9,890 870 84,194
Cash and cash equivalents increased (decreased) (15,006) 43,137 (127,748)
Cash and cash equivalents at beginning of year
231,397 188,259 1,969,843
Increase by inclusion of newly consolidated subsidiaries
232 —1,976
Cash and cash equivalents at end of year ¥216,623 ¥231,397 $1,844,071
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 2006 2005 2006
Millions of yen
CONSOLIDATED FINANCIAL STATEMENTS OF 2006
32