Mitsubishi 2010 Annual Report Download - page 40

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In millions of yen
In thousands of
U.S. dollars
(Note 3)
2010 2009 2010
Operating activities:
Net income (loss)
¥ 4,758 ¥ (54,883) $ 51,139
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities:
Depreciation and amortization
71,869 84,585 772,462
Increase (decrease) in allowance for doubtful accounts
(551) (3,194) (5,931)
Increase (decrease) in provision for retirement benefits
(52) 2,445 (568)
Equity in (earnings) losses of affiliates
(4,544) (367) (48,840)
Income taxes—deferred
1,150 (3,788) 12,362
Minority interests in income
2,542 55 27,330
Loss (gain) on sales and retirement of property, plant and equipment, net
(736) 2,968 (7,912)
Impairment loss
214 27,494 2,303
Early retirement expense
1,168 8,832 12,557
Decrease (increase) in notes and accounts receivable—trade
(27,975) 63,144 (300,682)
Decrease (increase) in inventories
12,113 57,073 130,197
Change in finance receivables (Note 13)
(15,597) (16,368) (167,641)
Increase (decrease) in notes and accounts payable—trade
107,557 (229,035) 1,156,031
Other, net (Note 13)
(51,199) (32,296) (550,299)
Net cash provided by (used in) operating activities
100,716 (93,335) 1,082,509
Investing activities:
Decrease (increase) in time deposits
12,267 (13,720) 131,854
Purchase of property, plant and equipment (Note 13)
(44,279) (91,224) (475,924)
Proceeds from sales of property, plant and equipment (Note 13)
13,941 16,686 149,840
Net decrease (increase) in investments in securities
260 (114) 2,795
Decrease (increase) in short-term loans receivable
349 (1,027) 3,753
Payments of long-term loans receivable
(13) (811) (145)
Collection of long-term loans receivable
413 714 4,440
Other, net
(5,263) (5,291) (56,568)
Net cash provided by (used in) investing activities
(22,325) (94,789) (239,953)
Financing activities:
Increase (decrease) in short-term loans payable
(52,161) (28,135) (560,639)
Proceeds from issuance of long-term debt
171,800 114,435 1,846,523
Repayment or redemption of long-term debt
(79,843) (82,755) (858,166)
Cash dividends paid to minority shareholders
(1,671) (585) (17,960)
Other, net
(7,242) (7,941) (77,840)
Net cash provided by (used in) financing activities
30,881 (4,983) 331,917
Effect of exchange rate changes on cash and cash equivalents
(584) (13,793) (6,284)
Net change in cash and cash equivalents
108,688 (206,902) 1,168,188
Cash and cash equivalents at beginning of year
154,666 360,902 1,662,364
Increase (decrease) in cash and cash equivalents resulting from change of
scope of consolidation
25 666 273
Increase in cash and cash equivalents resulting from merger with
unconsolidated subsidiaries
73 –787
Cash and cash equivalents at end of year (Note 13)
¥263,453 ¥ 154,666 $2,831,613
See accompanying notes to consolidated financial statements.
Consolidated Statements of Cash Flows
Mitsubishi Motors Corporation and Consolidated Subsidiaries
For the years ended March 31, 2009 and 2008
38
MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010