Fujitsu 2002 Annual Report Download - page 30

28
U.S. Dollars
Yen (thousands)
(millions) (Note 3)
Years ended March 31 2000 2001 2002 2002
Cash flows from operating activities (A):
Income (loss) before income taxes and minority interests ¥74,857 ¥157,564 ¥(594,733) $(4,471,677)
Adjustments to reconcile income (loss) before income taxes and
minority interests to net cash provided by operating activities:
Depreciation and amortization 359,808 389,090 417,867 3,141,857
Goodwill amortization 27,621 64,757 21,090 158,571
Accrual for retirement benefits, less payments 13,883 (73,172) 12,638 95,023
Provision for loss on repurchase of computers 45,736 38,075 30,594 230,030
Reversal of provision for loss on repurchase of computers (48,489) (38,222) (35,279) (265,256)
Interest charges 49,505 48,955 43,126 324,256
Interest and dividend income (12,583) (14,291) (10,480) (78,797)
Equity in earnings of affiliates, net (17,025) (13,429) (2,676) (20,120)
Disposal of non-current assets 27,726 45,678 177,152 1,331,970
(Increase) decrease in receivables, trade 72,396 (5,057) 294,617 2,215,165
(Increase) decrease in inventories 20,998 (71,459) 272,898 2,051,865
(Increase) decrease in other current assets (41,764) 53,964 47,232 355,128
Increase (decrease) in payables, trade 35,665 110,687 (210,938) (1,586,000)
Increase in other current liabilities 15,535 10,720 40,215 302,368
Other, net (53,282) 1,760 (49,101) (369,180)
Cash generated from operations 570,587 705,620 454,222 3,415,203
Interest paid (50,617) (48,794) (45,458) (341,789)
Interest received 12,387 6,435 6,877 51,707
Dividends received 4,264 6,414 6,686 50,270
Income taxes paid (59,579) (73,213) (115,756) (870,346)
Net cash provided by operating activities 477,042 596,462 306,571 2,305,045
Cash flows from investing activities (B):
Purchases of property, plant and equipment (322,794) (406,928) (347,841) (2,615,346)
Proceeds from sales of property, plant and equipment 30,921 2,136 15,184 114,166
Purchases of intangible assets (68,256) (73,832) (71,375) (536,654)
(Increase) in investments and long-term loans (42,117) (34,078) (16,401) (123,316)
Decrease in short-term investments 34,322 2,265 5,374 40,406
Other, net 19,636 43,628 5,596 42,075
Net cash used in investing activities (348,288) (466,809) (409,463) (3,078,669)
A+B ( ) 128,754 129,653 (102,892) (773,624)
Cash flows from financing activities:
Proceeds from long-term debt 107,807 57,167 448,947 3,375,541
Repayment of long-term debt (133,934) (171,179) (296,718) (2,230,962)
Increase (decrease) in short-term borrowings (329,348) 2,467 (36,191) (272,113)
Increase (decrease) in minority interests 17,056 (5,544) 17,032 128,060
Dividends paid (19,112) (19,642) (14,842) (111,594)
Other, net 86,284 (917) (26,916) (202,376)
Net cash provided by (used in) financing activities (271,247) (137,648) 91,312 686,556
Effect of exchange rate changes on cash and cash equivalents 9,159 1,803 1,014 7,624
Net (decrease) in cash and cash equivalents (133,334) (6,192) (10,566) (79,444)
Cash and cash equivalents at beginning of year 449,510 316,176 309,984 2,330,707
Cash and cash equivalents at end of year ¥316,176 ¥309,984 ¥299,418 $ 2,251,263
Noncash financing activities:
Conversion of bonds into common stock and capital surplus ¥20,790 ¥2,798 ¥19,414 $ 145,970
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
( )This is referred to as “free cash flow” in “Management’s Discussion and Analysis of Operations.”
FINANCIAL
SECTION