Nikon 2001 Annual Report Download - page 22

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page 20
CONSOLIDATED STATEMENTS OF CASH FLOWS
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
2001 2000 2001
Operating activities:
Income before income taxes and minority interest ¥ 29,827 ¥ 11,479 $ 240,738
Adjustments for:
Income taxes-paid (8,592) (2,561) (69,348)
Depreciation and amortization 16,007 17,251 129,197
Provision for employees' retirement benefits 10,024 80,903
Loss on sales or disposal of property, plant and equipment 1,251 1,004 10,094
Gain on sales of property, plant and equipment (4,575) (736) (36,925)
Other-net 7,938 608 64,070
Change in assets and liabilities:
Increase in notes and accounts receivable — trade (12,633) (27,372) (101,958)
Increase in inventories (41,944) (7,311) (338,531)
Increase in notes and accounts payable — trade 22,534 38,874 181,876
Other-net 15,087 6,248 121,764
Total adjustments 5,097 26,005 41,142
Net cash provided by operating activities 34,924 37,484 281,880
Investing activities:
Capital expenditures (18,184) (11,161) (146,762)
Proceeds from sales of property, plant and equipment 5,452 2,682 44,006
Purchases of investments in securities (5,090) (5,630) (41,078)
Proceeds from sales of investments in securities 2,203 1,282 17,781
Net decrease (increase) in loans receivable 3,250 (3,961) 26,228
Other-net (3,325) 12,362 (26,837)
Net cash used in investing activities (15,694) (4,426) (126,662)
Financing activities:
Net decrease in short-term borrowings (2,943) (19,033) (23,755)
Proceeds from long-term debt 1,317 10,629 10,629
Repayments of long-term debt (16,617) (12,340) (134,119)
Dividends paid (2,392) (2,037) (19,303)
Other-net 1(28) 9
Net cash used in financing activities (20,634) (22,809) (166,539)
Foreign currency translation adjustments on cash and cash equivalents 1,495 (1,081) 12,066
Net increase in cash and cash equivalents 91 9,168 745
Cash and cash equivalents of newly consolidated subsidiaries
at beginning of year 1,067 39 8,609
Cash and cash equivalents of exclusive consolidated subsidiaries
at end of year (52)
Cash and cash equivalents at beginning of year 32,574 23,419 262,902
Cash and cash equivalents at end of year ¥ 33,732 ¥ 32,574 $ 272,256
Non-cash investing and financing activities
Assets increased by consolidation of subsidiaries previously unconsolidated ¥ 16,258 ¥ 159 $ 131,217
Liabilities increased by consolidation of subsidiaries previously unconsolidated 231 62 1,861
See Notes to Consolidated Financial Statements.
Nikon Corporation and Consolidated Subsidiaries
Years ended March 31, 2001 and 2000