Casio 2006 Annual Report Download - page 30

28 CASIO COMPUTER CO., LTD.
Consolidated Statements of Cash Flows
Thousands of
Millions of Yen U.S. Dollars (Note 1)
2006 2005 2006
Cash flows from operating activities:
Income before income taxes and minority interests ......................................................... ¥39,671 ¥33,093 $ 339,068
Depreciation (including software).................................................................................... 26,629 22,927 227,598
Loss on impairment of fixed assets (Note 16)................................................................... —1,494 —
Amortization of goodwill ................................................................................................ 57 119 487
Loss on disposal and sales of property, plant and equipment........................................... 603 727 5,154
Gain on devaluation and sales of investment securities.................................................... (31) (127) (265)
Gain on sales of consolidated subsidiaries and affiliates................................................... (1,928) (293) (16,479)
Gain on change in interests in consolidated subsidiaries .................................................. —(1,918) —
Increase in liabilities for the employees’ severance and retirement benefits...................... 395 782 3,376
Increase in retirement benefits for directors and corporate auditors................................. 487 593 4,162
Interest and dividends income......................................................................................... (1,858) (1,047) (15,880)
Interest expense.............................................................................................................. 1,300 1,494 11,111
Foreign exchange gain .................................................................................................... (1,220) (1,370) (10,427)
Equity in gains of affiliates .............................................................................................. (138) (96) (1,179)
Changes in assets and liabilities:
Decrease (Increase) in notes and accounts receivable.................................................. (10,696) 8,762 (91,419)
Decrease in inventories .............................................................................................. 7,093 3,777 60,624
Decrease (Increase) in other current assets ................................................................. (3,450) 15,539 (29,487)
Increase (Decrease) in notes and accounts payable ..................................................... 6,121 (15,104) 52,316
Increase (Decrease) in consumption tax payable ......................................................... (502) 1,228 (4,291)
Increase in other current liabilities .............................................................................. 1,994 1,039 17,043
Increase (Decrease) in trade notes and export drafts discounted ................................. 40 (692) 342
Payments of bonuses to directors and corporate auditors................................................ (206) (190) (1,761)
Other.............................................................................................................................. (3,862) (248) (33,008)
Total ......................................................................................................................... 60,499 70,489 517,085
Interest and dividends received........................................................................................ 1,790 1,019 15,299
Interest paid.................................................................................................................... (1,291) (1,538) (11,034)
Income taxes paid ........................................................................................................... (17,123) (5,015) (146,350)
Net cash provided by operating activities ............................................................. 43,875 64,955 375,000
Cash flows from investing activities:
Deposits in time deposits ................................................................................................ (688) (91) (5,880)
Withdrawals from time deposits...................................................................................... 647 827 5,530
Payments for acquisitions of tangible fixed assets............................................................ (19,935) (20,065) (170,385)
Proceeds from sales of tangible fixed assets..................................................................... 1,039 392 8,880
Payments for acquisitions of intangible fixed assets ......................................................... (11,815) (9,187) (100,983)
Proceeds from sales of intangible fixed assets.................................................................. 1221 9
Payments for purchases of investment securities.............................................................. (3,353) (2,804) (28,658)
Proceeds from sales and redemption of investment securities.......................................... 1,703 1,731 14,556
Proceeds from sales of consolidated subsidiaries and affiliates......................................... 2,958 437 25,282
Payments for long-term loans receivable ......................................................................... (18) (28) (154)
Collections from long-term loans receivable .................................................................... 64 28 547
Net decrease in loans receivable...................................................................................... 587 17 5,017
Other.............................................................................................................................. (872) (314) (7,453)
Net cash used in investing activities....................................................................... (29,682) (28,836) (253,692)
Cash flows from financing activities:
Net decrease in short-term borrowings............................................................................ (1,519) (275) (12,983)
Proceeds from long-term debt......................................................................................... 6,000 1,500 51,282
Payments for long-term debt........................................................................................... (9,688) (1,792) (82,803)
Redemption of bonds ..................................................................................................... (30,000) (11,000) (256,410)
Proceeds from minority shareholders............................................................................... —3,343 —
Payments for acquisitions of treasury stock...................................................................... (47) (1,728) (402)
Proceeds from sales of treasury stock .............................................................................. 359 477 3,068
Payments for cash dividends ........................................................................................... (4,515) (3,992) (38,590)
Other.............................................................................................................................. (408) (62) (3,487)
Net cash used in financing activities ...................................................................... (39,818) (13,529) (340,325)
Effect of exchange rate changes on cash and cash equivalents..................................... 3,268 1,858 27,932
Net increase (decrease) in cash and cash equivalents ..................................................... (22,357) 24,448 (191,085)
Cash and cash equivalents at beginning of year (Note 3) ............................................... 147,589 123,141 1,261,444
Cash and cash equivalents at end of year (Note 3) .......................................................... ¥125,232 ¥147,589 $1,070,359
See accompanying notes.
Years ended March 31, 2006 and 2005 Casio Computer Co., Ltd. and Subsidiaries