Mitsubishi 2014 Annual Report Download - page 43

Consolidated Statements of Cash Flows
Mitsubishi Motors Corporation and Consolidated Subsidiaries
(In millions of yen) (In thousands of
U.S. dollars) (Note 3)
For the years ended March 31,
2014 2013 2014
Operating activities:
Net income (loss) ¥104,664 ¥ 37,978 $1,016,954
Adjustments to reconcile net income (loss) to net cash provided by (used in)
operating activities:
Depreciation and amortization 59,212 54,325 575,330
Impairment loss 6,902 793 67,069
Increase (decrease) in allowance for doubtful accounts (2,445) (1,596) (23,761)
Increase (decrease) in provision for retirement bene ts —2,676 —
Increase (decrease) in net de ned bene t liability (3,372) —(32,767)
Equity in (earnings) losses of af liates (7,373) (4,853) (71,639)
Income taxes – deferred (14,629) 10,385 (142,142)
Minority interests in income 2,465 3,648 23,958
Loss (gain) on sales and retirement of property, plant and equipment, net 4,038 5,032 39,238
Loss (gain) on sales of investment securities (205) (11,533) (1,994)
Loss (gain) on sales of subsidiaries and af liates’ stocks (616) 30,188 (5,992)
Share issuance cost 12,639 —122,804
Decrease (increase) in notes and accounts receivable – trade (23,910) 14,919 (232,325)
Decrease (increase) in inventories (1,187) 5,976 (11,535)
Changes in  nance receivables (Note 13) 12,249 15,153 119,024
Increase (decrease) in notes and accounts payable – trade 42,135 (22,208) 409,404
Other, net (Note 13) 19,874 31,341 193,105
Net cash provided by (used in) operating activities 210,443 172,227 2,044,732
Investing activities:
Decrease (increase) in time deposits 9,583 (40,203) 93,115
Purchases of property, plant and equipment (Note 13) (90,695) (61,573) (881,221)
Proceeds from sales of property, plant and equipment (Note 13) 14,715 8,528 142,976
Net decrease (increase) in investments in securities 221 11,619 2,147
Decrease (increase) in short-term loans receivable (1,625) 8,651 (15,791)
Purchases of shares of af liates —(11,381) —
Payments of long-term loans receivable (6,294) (0) (61,160)
Collection of long-term loans receivable 705 302 6,858
Net decrease in cash on the sale of subsidiaries resulting in change in scope
of consolidation (Note 13) (2,265) (21,587) (22,014)
Other, net (5,697) (8,682) (55,353)
Net cash provided by (used in) investing activities (81,352) (114,327) (790,443)
Financing activities:
Increase (decrease) in short-term loans payable (5,790) 21,552 (56,261)
Proceeds from issuance of long-term debt 2,925 85,169 28,427
Repayment or redemption of long-term debt (142,824) (106,473) (1,387,721)
Proceeds from issuance of common shares (Note 8) 254,111 —2,469,015
Purchase of treasury shares (Note 8) (181,711) —(1,765,564)
Cash dividends paid to minority shareholders (4,313) (3,562) (41,914)
Other, net (4,480) (4,995) (43,533)
Net cash provided by (used in)  nancing activities (82,083) (8,310) (797,551)
Effect of exchange rate changes on cash and cash equivalents 3,520 546 34,206
Net change in cash and cash equivalents 50,527 50,136 490,943
Cash and cash equivalents at beginning of year 361,167 310,993 3,509,203
Increase in cash and cash equivalents resulting from merger with
unconsolidated subsidiaries —37 —
Cash and cash equivalents at end of year (Note 13) ¥411,695 ¥361,167 $4,000,146
See accompanying notes to consolidated financial statements.
MITSUBISHI MOTORS CORPORATION
Annual Report 2014 41