Omron 2015 Annual Report Download - page 47

Millions of yen
Thousands of
U.S. dollars
FY2012 FY2013 FY2014 FY2014
Operating Activities:
Net income ¥ 30,117 ¥ 46,314 ¥ 62,432 $ 520,267
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 22,452 25,089 28,339 236,158
Net loss on sales and disposals of property, plant and equipment 578 1,146 3,432 28,600
Loss on impairment of long-lived assets 3,265 804 137 1,142
Net gain on sale of investment securities (677) (1,714)(4,337) (36,142)
Loss on impairment of investment securities 1,086 501 166 1,383
Loss on impairment of goodwill 153   
Termination and retirement benefits (4,433) (4,417)(17,427) (145,225)
Deferred income taxes 3,762 2,170 11,938 99,483
Equity in loss (earnings) of affiliates (2,976) (3,782)(3,937) (32,808)
Changes in assets and liabilities:
Decrease (increase) in notes and accounts receivable-trade (5,827) (6,613)3,384 28,200
Decrease (increase) in inventories 8,641 (325) (10,671) (88,925)
Decrease (increase) in other assets 21 (32)(2,828) (23,567)
Increase (decrease) in notes and accounts payable-trade (5,927)5,824 1,658 13,817
Increase (decrease) in income taxes payable 3,121 2,277 (3,127) (26,058)
Increase in accrued expenses and other current liabilities 1,519 10,883 6,318 52,650
Other, net (1,817)919 1,580 13,167
Total adjustments 22,941 32,730 14,625 121,875
Net cash provided by operating activities 53,058 79,044 77,057 642,142
Investing Activities:
Proceeds from sale or maturities of investment securities 1,658 2,840 5,274 43,950
Purchase of investment securities (0) (2,179)(603) (5,025)
Capital expenditures (30,383) (32,218)(37,123) (309,358)
Decrease in leasehold deposits, net 457 75 118 983
Proceeds from sale of property, plant and equipment 836 794 768 6,400
Decrease (increase) in investment in and loans to affiliates (1,884)209 (30) (250)
Proceeds from sale of business 90 26  
Acquisition of business, net of cash acquired 141 (672)(8,003) (66,692)
Purchase of noncontrolling interests (10) 
Other, net 624  82 684
Net cash used in investing activities (28,471) (31,125)(39,517) (329,308)
Financing Activities:
Net repayments of short-term debt (13,273) (5,135)(853) (7,108)
Dividends paid by the Company (6,164) (10,566)(12,985) (108,208)
Dividends paid to noncontrolling interests (2)(277) (2,308)
Proceeds from equity transactions with noncontrolling interests 819 22  
Acquisition of treasury stock (9) (161)(15,054) (125,450)
Other, net 79 (458) (134) (1,118)
Net cash used in financing activities (18,550) (16,298)(29,303) (244,192)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 4,414 2,922 4,134 34,450
Net Increase (Decrease) in Cash and Cash Equivalents 10,451 34,543 12,371 103,092
Cash and Cash Equivalents at Beginning of the Year 45,257 55,708 90,251 752,091
Cash and Cash Equivalents at End of the Year ¥ 55,708 ¥ 90,251 ¥ 102,622 $ 855,183
Note: U.S. dollar amounts represent translations of Japanese yen at the approximate exchange rate on March 31, 2015, of ¥120 = U.S. $1.
Net income
46,185 46,185 129 46,314
Cash dividends paid to
OMRON Corporation
shareholders, ¥53 per share
(11,666) (11,666) (11,666)
Equity transaction with noncon-
trolling interests
and other ̶
154 154
Transfer to legal reserve
320 (320)
̶ ̶
Other comprehensive
income (loss)
29,187 29,187 185 29,372
Acquisition of treasury stock (161) (161) (161)
Sale of treasury stock
1 1 2 2
Balance, March 31, 2014
227,121,372 64,100 99,067 11,196 287,853 (15,162) (16,545)430,509 2,269 432,778
Net income
62,170 62,170 262 62,432
Cash dividends paid to OMRON
Corporation shareholders, ¥71
per share
(15,513) (15,513)(15,513)
Cash dividends paid to
noncontrolling interests ̶
(277) (277)
Equity transaction with
noncontrolling interests
and other
̶
2 2
Transfer to legal reserve
2,207 (2,207)
̶ ̶
Other comprehensive
income (loss)
27,651 27,651 69 27,720
Acquisition of treasury stock (15,054) (15,054)(15,054)
Sale of treasury stock
0 1 1 1
Retirement of treasury stock (9,723,500) (2) (31,129) 31,131 ̶ ̶
Issuance of stock acquisition rights
5 5 5
Balance, March 31, 2015
217,397,872 ¥ 64,100 ¥ 99,070 ¥ 13,403 ¥ 301,174 ¥ 12,489 ¥ (467)¥ 489,769 ¥ 2,325 ¥ 492,094
Thousands of U.S. dollars
Number of
common shares
issued
Common stock Capital surplus Legal reserve Retained
earnings
Accumulated
other
comprehensive
income (loss)
Treasury stock
Total
shareholders’
equity
Noncontrolling
interests
Total net
assets
Balance, March 31, 2014
227,121,372 $ 534,167 $ 825,558 $ 93,300 $ 2,398,775 $ (126,350)$ (137,875)$ 3,587,575 $ 18,908 $ 3,606,483
Net income
518,083 518,083 2,183 520,266
Cash dividends paid to OMRON
Corporation shareholders,
$0.59 per share
(129,275) (129,275) (129,275)
Cash dividends paid to noncon-
trolling interests
 (2,308) (2,308)
Equity transaction with
noncontrolling interests
and other

17 17
Transfer to legal reserve
18,392 (18,392)
 
Other comprehensive
income (loss)
230,425 230,425 575 231,000
Acquisition of treasury stock (125,450) (125,450) (125,450)
Sale of treasury stock
0 8 8 8
Retirement of treasury stock (9,723,500) (17) (259,408)259,425  
Issue of stock acquisition rights
42 42 42
Balance, March 31, 2015
217,397,872 $ 534,167 $ 825,583 $ 111,692 $ 2,509,783 $ 104,075 $ (3,892)$ 4,081,408 $ 19,375 $ 4,100,783
Note: U.S. dollar amounts represent translations of Japanese yen at the approximate exchange rate on March 31, 2015, of ¥120 = U.S. $1.
Millions of yen
Number of
common shares
issued
Common stock Capital surplus Legal reserve Retained
earnings
Accumulated
other
comprehensive
income (loss)
Treasury stock
Total
shareholders’
equity
Noncontrolling
interests
Total net
assets
Balance, March 31, 2012 239,121,372 ¥ 64,100 ¥ 99,078 ¥ 10,034 ¥ 260,557 ¥ (68,433)¥ (44,496)¥ 320,840 ¥ 840 ¥ 321,680
Net income 30,203 30,203 (86)30,117
Cash dividends paid to
OMRON Corporation
shareholders, ¥37 per share (8,145) (8,145) (8,145)
Cash dividends paid to
noncontrolling interests ̶(2) (2)
Equity transaction with
noncontrolling interests
and other (12) (12)889 877
Transfer to legal reserve 842 (842)̶ ̶
Other comprehensive
income (loss) 24,084 24,084 160 24,244
Acquisition of treasury stock (9) (9) (9)
Sale of treasury stock (0)1 1 1
Retirement of treasury stock (12,000,000) (28,119)28,119 ̶ ̶
Balance, March 31, 2013 227,121,372 64,100 99,066 10,876 253,654 (44,349) (16,385) 366,962 1,801 368,763
OMRON Corporation and Subsidiaries
Years ended March 31, 2013, 2014 and 2015
Consolidated Statements of Shareholders’ Equity
OMRON Corporation and Subsidiaries
Years ended March 31, 2013, 2014 and 2015
Consolidated Statements of Cash Flows
90 OMRON Corporation Integrated Report 2015 91
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