D-Link 2001 Annual Report Download - page 32

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D-LINK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Cash Flows
Years ended December 31, 2000 and 2001
(In thousands of New Taiwan dollars)
2000 2001
Cash flows from operating activities:
Net income $ 831,170 955,008
Adjustments to reconcile net income to net cash provided by operating activities:
Net loss attributed to minority interest (8,492) (5,456)
Depreciation, amortization and gain on disposal of property and equipment, net 265,362 544,171
Provision for inventory obsolescence and devaluation, allowance for doubtful accounts
and pension payable 183,351 366,699
Provision for other loss - 210,240
Investment income from long-term equity investments (238,502) (324,119)
Gain on disposal of long-term equity investments (156,670) (229,974)
Net changes in unrealized inter-company profits 372 27,423
Provision for early redemption of convertible bonds 78,560 65,333
Increase in current assets (1,483,958) (220,742)
Increase in current liabilities 1,047,731 833,288
Cash provided by operating activities 518,924 2,221,871
Cash flows from investing activities:
Decrease (increase) in short-term investments 459,788 (1,255,621)
Additions to property, plant and equipment (625,168) (593,981)
Proceeds from disposal of property and equipment 48,775 7,107
Increase in long-term equity investments (1,195,032) (545,754)
Proceeds from sale of long-term equity investments 195,347 353,075
Increase in other assets (21,772) (247,770)
Cash used in investing activities (1,138,062) (2,282,944)
Cash flows from financing activities:
Increase in minority interest - 32,400
Issuance of common stock for cash 645,840 -
Payments of cash dividend, directors and supervisors’ remuneration and employees’
bonuses (323,132) (204,698)
Increase (decrease) in short-term borrowings and commercial paper payable 978,600 (1,092,813)
Issuance of bonds payable 1,900,800
Others 2,895 1,954
Cash provided by financing activities 1,304,203 637,643
Effect of exchange rate changes on cash (28,663) 89,669
Net increase in cash and cash equivalents 656,402 666,239
Cash and cash equivalents at beginning of year 1,844,780 2,501,182
Cash and cash equivalents at end of year $ 2,501,182 3,167,421
Supplemental disclosures of cash flow information:
Cash payments of interest (excluding capitalized interest) $ 85,321 42,228
Cash payments of income tax $ 37,481 71,287
Supplementary disclosures of non-cash investing and financing activities:
Convertible bonds applying for conversion $ 639,797 40,889
Short-term investment transferred from long-term equity investment $ - 11,400