Fujitsu 2004 Annual Report Download - page 40

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38
U.S. Dollars
Yen (thousands)
(millions) (Note 3)
Years ended March 31 2002 2003 2004 2004
Cash flows from operating activities (A):
Income (loss) before income taxes and minority interests ¥(594,733) ¥ (147,606) ¥ 157,018 $ 1,481,302
Adjustments to reconcile income (loss) before income taxes and
minority interests to net cash provided by operating activities:
Depreciation and amortization 417,867 325,618 261,805 2,469,858
Goodwill amortization 21,090 17,667 31,144 293,811
Accrual (payments) for retirement benefits 12,638 8,936 22,923 216,255
Provision for loss on repurchase of computers 30,594 26,063 33,329 314,425
Reversal of provision for loss on repurchase of computers (35,279) (35,191) (40,161) (378,877)
Interest charges 43,126 29,913 23,331 220,104
Interest and dividend income (10,480) (8,495) (6,668) (62,906)
Equity in earnings of affiliates, net (2,676) (570) 862 8,132
Disposal of non-current assets 177,152 53,855 30,714 289,755
Gain on transfer of substitutional
portion of employees’ pension funds — — (146,532) (1,382,377)
Gain on sales of marketable securities — (29,362) (134,624) (1,270,038)
(Increase) decrease in receivables, trade 294,617 63,246 (101,803) (960,406)
(Increase) decrease in inventories 272,898 39,538 42,637 402,236
(Increase) decrease in other current assets 47,232 (33,062) 6,628 62,528
Increase (decrease) in payables, trade (210,938) (60,500) 158,327 1,493,651
Increase (decrease) in other current liabilities 40,215 (60,800) 13,608 128,377
Other, net (49,101) (16,249) 3,865 36,462
Cash generated from operations 454,222 173,001 356,403 3,362,292
Interest paid (45,458) (30,920) (24,142) (227,754)
Interest received 6,877 6,422 2,763 26,066
Dividends received 6,686 8,282 6,358 59,981
Income taxes paid (115,756) (38,988) (37,337) (352,236)
Net cash provided by (used in) operating activities 306,571 117,797 304,045 2,868,349
Cash flows from investing activities (B):
Purchases of property, plant and equipment (347,841) (163,503) (141,596) (1,335,811)
Proceeds from sales of property, plant and equipment 15,184 91,77947,841 451,330
Purchases of intangible assets (71,375) (66,524) (59,423) (560,594)
Purchases of investment securities (26,220) (34,279) (47,205) (445,330)
Proceeds from sales of investment securities 7,538 98,303 269,110 2,538,773
Other, net 13,251 9,809 (1,338) (12,623)
Net cash provided by (used in) investing activities (409,463) (64,415) 67,389 635,745
A+B ( ) (102,892) 53,382 371,434 3,504,094
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 Consolidated Statements of Cash Flows