Casio 2001 Annual Report Download - page 22

20
Years ended March 31, 2001 and 2000
Casio Computer Co., Ltd. and Subsidiaries
Thousands of
Millions of yen U.S. dollars (Note 1)
2001 2000 2001
Cash flows from operating activities:
Income before income taxes and minority interests ¥ 9,201 ¥ 12,335 $ 74,202
Depreciation (including software) 24,515 31,926 197,702
Amortization of goodwill 242 211 1,952
Loss on disposal of property, plant and equipment 635 563 5,121
Gain on sales of investment securities (86) (94) (694)
Loss on devaluation of investment securities 147 239 1,186
Gain on sales of securities of affiliated companies (4,280) —(34,516)
Increase (Decrease) in liabilities for severance and retirement benefits 2,951 (47) 23,798
Interest and dividends income (1,923) (1,928) (15,508)
Gain on sales of marketable securities —(3,402) —
Gain on devaluation of marketable securities —(61) —
Interest expense 3,526 4,014 28,435
Foreign exchange gain (1,578) (983) (12,726)
Equity in losses of affiliated companies 189 205 1,524
Increase in notes and accounts receivable (15,993) (1,840) (128,976)
Increase in inventories (4,767) (7,735) (38,443)
Decrease (Increase) in other current assets (122) 2,795 (984)
Increase in notes and accounts payable 8,002 17,110 64,532
Increase (Decrease) in consumption tax payable 1,161 (1,050) 9,363
Increase in other current liabilities 895 4,036 7,218
Increase (Decrease) in trade notes and export drafts discounted 2,035 (2,303) 16,411
Payments of bonuses to directors and statutory auditors (180) (18) (1,452)
Other 2,802 (2,617) 22,597
Total 27,372 51,356 220,742
Interest and dividends received 2,092 1,725 16,871
Interest paid (3,546) (4,030) (28,597)
Income taxes paid (4,426) (3,492) (35,693)
Net cash provided by operating activities 21,492 45,559 173,323
Cash flows from investing activities:
Increase in time deposits (3,831) (4,760) (30,895)
Decrease in time deposits 8,816 11,460 71,097
Payments of purchases of marketable securities —(8,962) —
Proceeds from sale of marketable securities —8,284 —
Payments of acquisitions of tangible fixed assets (28,781) (31,651) (232,105)
Proceeds from sales of tangible fixed assets 1,243 2,434 10,024
Payments of acquisitions of intangible fixed assets (4,838) (2,822) (39,016)
Proceeds from sales of intangible fixed assets 60 102 484
Payments of purchases of investment securities (7,485) (846) (60,363)
Proceeds from sales of investment securities 1,016 146 8,194
Proceeds from sales of affiliated companies 7,305 —58,911
Payments for long-term loans receivable (1,183) (175) (9,540)
Collections from long-term loans receivable 22 —177
Net decrease (increase) in loans receivable (310) 266 (2,500)
Other (675) 46 (5,444)
Net cash used in investing activities (28,641) (26,478) (230,976)
Cash flows from financing activities:
Net decrease in short-term borrowings (23,956) (19,936) (193,194)
Proceeds from long-term debt 7,000 16,918 56,452
Payments of long-term debt (5,996) (16,744) (48,355)
Redemption of convertible bonds —(13) —
Payments to acquire treasury stock for retirement —(456) —
Payments of cash dividends (3,395) (3,400) (27,379)
Other (99) —(798)
Net cash used in financing activities (26,446) (23,631) (213,274)
Effect of exchange rate changes on cash and cash equivalents 2,914 (48) 23,500
Net decrease in cash and cash equivalents (30,681) (4,598) (247,427)
Cash and cash equivalents at beginning of year (Note 3) 113,751 118,710 917,346
Cash and cash equivalents of newly consolidated subsidiaries —17 —
Cash and cash equivalents of subsidiaries excluded from consolidation —(378) —
Cash and cash equivalents at end of year (Note 3) ¥ 83,070 ¥113,751 $669,919
See accompanying notes.
CONSOLIDATED STATEMENTS OF CASH FLOWS