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CONSOLIDATED STATEMENTS OF CASH FLOWS
CANON INC. AND SUBSIDIARIES YEARS ENDED DECEMBER 31, 2010, 2009 AND 2008
Millions of yen
Thousands of
U.S. dollars (Note 2)
2010 2009 2008 2010
Cash fl ows from operating activities:
Consolidated net income ¥252,703 ¥135,233 ¥320,359 $ 3,119,790
Adjustments to reconcile consolidated net income to
net cash provided by operating activities:
Depreciation and amortization 276,193 315,393 341,337 3,409,790
Loss on disposal of property, plant and equipment 21,120 8,215 11,811 260,741
Impairment loss of fi xed assets (Note 6) 1,288 15,466 13,503 15,901
Impairment loss of investments 23,330 2,398 10,568 288,025
Equity in (earnings) losses of affi liated companies (10,471) 12,649 20,047 (129,272)
Deferred income taxes 29,381 20,712 (32,497) 362,728
(Increase) decrease in trade receivables (6,671) 48,244 83,521 (82,358)
(Increase) decrease in inventories (17,532) 143,580 49,547 (216,444)
Increase (decrease) in trade payables 115,726 (76,843) (36,719) 1,428,716
Increase (decrease) in accrued income taxes 25,228 (21,023) (77,340) 311,457
Increase (decrease) in accrued expenses 77 (9,827) (30,694) 951
Increase (decrease) in accrued (prepaid) pension and
severance cost
4,147 4,765 (12,128) 51,198
Other, net 29,894 12,273 (44,631) 369,061
Net cash provided by operating activities 744,413 611,235 616,684 9,190,284
Cash fl ows from investing activities:
Purchases of fi xed assets (Note 6) (199,152) (327,983) (428,168) (2,458,667)
Proceeds from sale of fi xed assets (Note 6) 3,303 8,893 7,453 40,778
Purchases of available-for-sale securities (10,891) (3,253) (7,307) (134,457)
Proceeds from sale and maturity of
available-for-sale securities 3,910 2,460 4,320 48,272
Proceeds from maturity of held-to-maturity securities —— 10,000 —
(Increase) decrease in time deposits, net (80,904) (11,345) 2,892 (998,815)
Acquisitions of subsidiaries, net of cash acquired (55,686) (2,979) (5,999) (687,481)
Purchases of other investments (1,955) (37,981) (45,473) (24,136)
Other, net (758) 1,944 (10,198) (9,358)
Net cash used in investing activities (342,133) (370,244) (472,480) (4,223,864)
Cash fl ows from fi nancing activities:
Proceeds from issuance of long-term debt 5,902 3,361 6,841 72,864
Repayments of long-term debt (5,739) (6,282) (15,397) (70,852)
Decrease in short-term loans, net (74,933) (280) (2,643) (925,099)
Dividends paid (136,103) (135,793) (145,024) (1,680,284)
Repurchases of treasury stock, net (61,196) (42) (100,066) (755,506)
Other, net (7,828) (3,343) (21,276) (96,642)
Net cash used in fi nancing activities (279,897) (142,379) (277,565) (3,455,519)
Effect of exchange rate changes on cash and
cash equivalents (76,838) 17,226 (131,906) (948,617)
Net change in cash and cash equivalents 45,545 115,838 (265,267) 562,284
Cash and cash equivalents at beginning of year 795,034 679,196 944,463 9,815,235
Cash and cash equivalents at end of year ¥840,579 ¥795,034 ¥679,196 $10,377,519
Supplemental disclosure for cash fl ow information
(Note 23):
Cash paid during the year for:
Interest ¥ 1,924 ¥ 384 ¥ 901 $ 23,753
Income taxes 80,212 82,906 263,392 990,272
See accompanying Notes to Consolidated Financial Statements.
CANON ANNUAL REPORT 201068