Epson 2013 Annual Report Download - page 54

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Consolidated Statements of Cash Flows
For the years ended March 31, 2012 and 2013
53
Thousands of U.S.
dollars
March 31,
2012
March 31,
2013
March 31,
2013
Net cash provided by (used in) operating activities
Income (los s ) before income taxes and minority interes ts ¥15,622 (¥3,479) ($36,990)
Depreciation and amortization 37,651 39,320 418,075
Impairment los s 586 4,605 48,963
Equity in (earnings) loss es of affiliates (85) (132) (1,403)
Amortization of goodwill 873 871 9,261
Increase (decrease) in allowance for doubtful accounts (425) (265) (2,817)
Increase (decrease) in provision for bonuses (8,224) 4,411 46,900
Increase (decrease) in provision for product warranties (199) (715) (7,602)
Increase (decrease) in provision for retirement benefits 3,374 5,136 54,609
Interest and dividends income (1,373) (1,018) (10,824)
Interes t expenses 3,573 3,041 32,333
Foreign exchange los ses (gains ) (2,250) (4,570) (48,591)
Loss (gain) on sales of noncurrent assets (872) 13 138
Loss on retirement of noncurrent assets 760 936 9,952
Los s (gain) on s ales of inves tment s ecurities (150) (5) (53)
Insurance income (1,252) (4,463) (47,453)
Los s on litigation 6,052 16,268 172,971
Loss on transfer of subsidiary's equity 2,024 －－
Decrease (increase) in notes and accounts receivable-trade (995) 6,862 72,961
Decreas e (increase) in inventories (20,360) 18,588 197,639
Increase (decrease) in accrued consumption taxes 2,005 577 6,135
Increase (decrease) in notes and accounts payable-trade 4,822 (17,169) (182,551)
Other, net 5,884 (4,230) (44,966)
Subtotal 47,042 64,583 686,687
Interest and dividends income received 2,292 1,833 19,489
Interes t expenses paid (3,709) (3,099) (32,950)
Proceeds from insurance income 1,252 4,463 47,453
Payments for los s on litigation (6,207) (14,095) (149,867)
Payments for business restructuring (6,061) －－
Income taxes paid (7,929) (10,692) (113,694)
Net cash provided by (used in) operating activities 26,678 42,992 457,118
Net cash provided by (used in) investing activities
Purchase of investment securities (777) (0) (0)
Proceeds from sales of investment securities 162 6 63
Purchase of property, plant and equipment (32,709) (39,816) (423,349)
Proceeds from sales of property, plant and equipment 1,723 1,105 11,749
Purchase of intangible assets (3,998) (4,030) (42,849)
Purchase of investments in subsidiaries resulting in change in
scope of consolidation
(1,940) －－
Proceeds from sales of investments in subsidiaries resulting in
change in scope of consolidation
132 －－
Proceeds from transfer of equity in subsidiaries resulting in
change in scope of consolidation
6,358 －－
Proceeds from transfer of business －3,147 33,460
Other, net (480) 75 820
Net cash provided by (used in) investing activities (31,528) (39,511) (420,106)
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable (248) 16,962 180,350
Proceeds from long-term loans payable 500 50,000 531,632
Repayment of long-term loans payable (42,093) (30,500) (324,295)
Proceeds from issuance of bonds 40,000 30,000 318,979
Redemption of bonds (30,000) (40,000) (425,305)
Repayments of lease obligations (553) (417) (4,433)
Purchase of treasury stock (20,415) (0) (0)
Cash dividends paid (4,586) (4,651) (49,452)
Cash dividends paid to minority shareholders (9) (94) (1,022)
Net cash provided by (used in) financing activities (57,406) 21,298 226,454
Effect of exchange rate change on cash and cash equivalents 509 9,830 104,530
Net increase (decrease) in cash and cash equivalents (61,747) 34,609 367,996
Cash and cas h equivalents at beginning of period 211,777 150,029 1,595,204
Cash and cas h equivalents at end of period ¥150,029 ¥184,639 $1,963,200
Millions of yen
The accompanying notes are an integral part of these financial statements.