Mitsubishi 1999 Annual Report Download - page 42

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Consolidated statement of cash flows
40
Year ended March 31,
1999 1998 1999
(In millions of yen) (In thousands of
U.S. dollars)
(Note 3)
Operating activities
Net income (loss) ¥ 5,668 ¥(101,846) $ 47,018
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation and amortization 158,989 157,022 1,318,864
Allowance for doubtful receivables, net (4,784) 4,925 (39,685)
(Gain) loss on sales and disposal of property,
plant and equipment, net (23,330) 4,834 (193,530)
Gain on sales of marketable securities (602) (1,808) (4,994)
Devaluation loss on marketable securities 4,676 4,524 38,789
Gain on sales of stocks of a subsidiary (39) (8,794) (324)
Foreign exchange loss on loans – 34,590 –
Accrued severance indemnities, net (4,958) 2,200 (41,128)
Change in operating assets and liabilities:
Trade notes and accounts receivable 45,671 159,515 378,855
Inventories 141,242 (49,803) 1,171,647
Other assets (39,546) (53,963) (328,046)
Trade notes and accounts payable (32,619) (87,898) (270,585)
Accrued income taxes (1,446) (6,122) (11,995)
Other liabilities (4,911) 16,356 (40,738)
Other (4,919) (6,321) (40,805)
Net cash provided by operating activities 239,090 67,409 1,983,326
Investing activities
Decrease in short-term investments 4,954 10,640 41,095
Increase in investments in securities (6,619) (1,024) (54,907)
Proceeds from sales of investments in securities 1,782 11,514 14,782
Long-term loans made (346,601) (294,532) (2,875,164)
Collections of long-term loans receivable 485,425 316,165 4,026,752
Increase in property, plant and equipment (256,859) (329,780) (2,130,726)
Proceeds from sales of property, plant and equiment 74,959 91,609 621,808
Inclusion or exclusion of subsidiaries, net 707 (17,119) 5,865
Other (1,149) (5,732) (9,531)
Net cash used in investing activities (43,400) (218,258) (360,017)
Mitsubishi Motors Corporation and Consolidated Subsidiaries
Consolidated Statements of Cash Flows