Casio 2000 Annual Report Download - page 27

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25
Year ended March 31, 1999
Casio Computer Co., Ltd. and Subsidiaries
Millions of yen
1999
Cash flows from operating activities:
Net loss ¥ (8,534)
Adjustments to reconcile net loss to net cash provided
by operating activities:
Depreciation 31,001
Loss on disposal of property, plant and equipment 890
Loss on devaluation of investment securities 541
Deferred income taxes (3,860)
Provision for employees’ retirement benefits less payments 70
Equity in earnings of affiliated companies and minority interest (162)
Changes in operating assets and liabilities:
Decrease in notes and accounts receivable 24,227
Decrease in inventories 22,952
Increase in other current assets (2,624)
Decrease in notes and accounts payable (17,927)
Decrease in income taxes payable (16,850)
Decrease in other current liabilities (1,603)
Other (858)
Net cash provided by operating activities 27,263
Cash flows from investing activities:
Acquisitions of property, plant and equipment (32,529)
Proceeds from sales of property, plant and equipment 2,371
Payments for purchases of investment securities (1,600)
Proceeds from sales of investment securities 2,099
Increase in marketable securities (13,823)
Decrease in loans receivable 249
Other (2,382)
Net cash used in investing activities (45,615)
Cash flows from financing activities:
Net decrease in short-term borrowings (10,354)
Additions to long-term debt 12,400
Payments of long-term debt (12,601)
Proceeds from issuance of bonds 30,000
Retirement of treasury stock (6,069)
Payments of cash dividends (3,483)
Other (52)
Net cash provided by financing activities 9,841
Effect of exchange rate changes on cash and time deposits (801)
Net decrease in cash and time deposits (9,312)
Cash and time deposits at beginning of year 92,222
Cash and time deposits at end of year ¥ 82,910
See accompanying notes.