Mitsubishi 2000 Annual Report Download - page 48

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Consolidated statement of cash flows
46
Year ended March 31,
2000 1999 2000
(In millions of yen) (In thousands of
U.S. dollars)
(Note 3)
Operating activities
Net income (loss) ¥ (23,331) ¥ 5,668 $ (219,793)
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation and amortization 152,510 158,989 1,436,740
Allowance for doubtful receivables, net of reversal 3,254 (4,784) 30,655
Accrued severance indemnities, net of reversal 2,432 (4,958) 22,911
Gain on sales of marketable securities (13,572) (641) (127,857)
Gain on sales and disposal of property, plant and
equipment, net (4,268) (23,441) (40,207)
Equity in earnings of affiliates (9,132) (569) (86,029)
Deferred income taxes 7,144 - 67,301
Minority interest (5,629) (1,621) (53,029)
Changes in operating assets and liabilities:
Trade notes and accounts receivable 79,487 45,671 748,818
Inventories 29,294 141,242 275,968
Other assets (19,645) (40,696) (185,068)
Trade notes and accounts payable (2,096) (32,619) (19,746)
Other liabilities 14,158 (6,358) 133,377
Other 4,536 2,058 42,732
Net cash provided by operating activities 215,140 237,941 2,026,755
Investing activities
Decrease in short-term investments 12,620 4,954 118,888
Increase in property, plant and equipment (217,830) (256,859) (2,052,096)
Proceeds from sales of property, plant and equipment 126,858 74,959 1,195,082
Increase in investments in securities (455) (4,836) (4,286)
Loans made (372,350) (346,601) (3,507,772)
Collection of loans receivable 367,668 485,425 3,463,665
Other (3,454) (12) (32,539)
Net cash used in investing activities (86,943) (42,971) (819,058)
Financing activities
Decrease in short-term borrowings (244,154) (127,501) (2,300,085)
Proceeds from issuance of long-term debt 400,674 190,773 3,774,602
Repayment or redemption of long-term debt (347,714) (222,818) (3,275,685)
Issuance of common stock 28,867 - 271,945
Other (65) (53) (612)
Net cash used in financing activities (162,392) (159,599) (1,529,835)
Effect of exchange rate changes on cash and cash
equivalents (5,868) (10,541) (55,280)
Net change in cash and cash equivalents (40,063) 24,829 (377,419)
Cash and cash equivalents at beginning of year 123,294 97,744 1,161,507
Adjustment to beginning balance for inclusion of
subsidiaries in consolidation 6,359 720 59,906
Cash and cash equivalents at end of year ¥ 89,590 ¥ 123,294 $ 843,994
See accompanying notes to consolidated financial statements.
Mitsubishi Motors Corporation and Consolidated Subsidiaries
Consolidated Statements of Cash Flows