Casio 2000 Annual Report Download - page 26

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24
Year ended March 31, 2000
Casio Computer Co., Ltd. and Subsidiaries
Thousands of
Millions of yen U.S. dollars (Note 1)
20 0 0 2000
Cash flows from operating activities:
Income before income taxes ¥112,275 $1,115,802
Depreciation (including software) 31,926 301,189
Loss on disposal of property, plant and equipment 563 5,311
Gain on sales of investment securities (94) (887)
Loss on devaluation of investment securities 239 2,255
Amortization of goodwill 211 1,991
Provision for employees’ retirement benefits less payments (47) (443)
Interest and dividends income (1,928) (18,189)
Gain on sales of marketable securities (3,402) (32,094)
Gain on devaluation of marketable securities (61) (575)
Interest expense 4,014 37,868
Foreign exchange gain (983) (9,274)
Equity in losses of affiliated companies 205 1,934
Increase in notes and accounts receivable (1,840) (17,359)
Increase in inventories (7,735) (72,972)
Decrease in other current assets 2,795 26,368
Increase in notes and accounts payable 17,110 161,415
Decrease in consumption tax payable (1,050) (9,906)
Increase in other current liabilities 4,036 38,075
Decrease in trade notes and export drafts discounted (2,303) (21,726)
Payments of bonuses to directors and statutory auditors (18) (170)
Other (2,557) (24,122)
Total 51,356 484,491
Interest and dividends received 1,725 16,273
Interest paid (4,030) (38,019)
Income taxes paid (3,492) (32,943)
Net cash provided by operating activities 45,559 429,802
Cash flows from investing activities:
Payments of purchases of marketable securities (8,962) (84,547)
Proceeds from sales of marketable securities 8,284 78,151
Payments of acquisitions of tangible fixed assets (31,651) (298,594)
Proceeds from sales of tangible fixed assets 2,434 22,962
Payments of acquisitions of intangible fixed assets (2,822) (26,622)
Proceeds from sales of intangible fixed assets 102 962
Payments of purchases of investment securities (846) (7,981)
Proceeds from sales of investment securities 146 1,377
Payments for long-term loans receivable (175) (1,650)
Net decrease in loans receivable 266 2,509
Increase in long-term time deposits (4,760) (44,906)
Decrease in time deposits 11,460 108,113
Other 46 434
Net cash used in investing activities (26,478) (249,792)
Cash flows from financing activities:
Net decrease in short-term borrowings (19,936) (188,076)
Proceeds from long-term debt 16,918 159,604
Payments of long-term debt (16,744) (157,962)
Redemption of convertible bonds (13) (123)
Payments to acquire treasury stock for retirement (456) (4,302)
Payments of cash dividends (3,400) (32,075)
Net cash used in financing activities (23,631) (222,934)
Effect of exchange rate changes on cash and cash equivalents (48) (453)
Net decrease in cash and cash equivalents (4,598) (43,377)
Cash and cash equivalents at beginning of year (Note 3) 118,710 1,119,906
Cash and cash equivalents of newly consolidated subsidiaries 17 160
Cash and cash equivalents of subsidiaries excluded from consolidation (378) (3,566)
Cash and cash equivalents at end of year (Note 3) ¥113,751 $1,073,123
See accompanying notes.
CONSOLIDATED STATEMENTS OF CASH FLOWS