Ricoh 2006 Annual Report Download - page 30

29 ANNUAL REPORT 2006
Consolidated Statements of Cash Flows
Ricoh Company, Ltd. and Consolidated Subsidiaries Thousands of
For the Years Ended March 31, 2004, 2005 and 2006 Millions of Yen U.S. Dollars
2004 2005 2006 2006
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income ¥ 91,766 ¥ 83,143 ¥ 97,057 $ 829,547
Adjustments to reconcile net income to net cash provided by
operating activities-
Depreciation and amortization 76,968 78,201 84,460 721,880
Equity in earnings of affiliates, net of dividends received ( 1,001) ( 1,966) (1,431) (12,231)
Deferred incom e taxes 3,338 11,353 (3,294) (28,154)
Losses on disposals and sales of property, plant and equipment 2,035 4,056 920 7,863
Pension and severance costs, less payments ( 609) 4,307 3,342 28,564
Cumulative effect of accounting change, net of tax ( 7,373) – – –
Changes in assets and liabilities, net of effects from acquisition-
( Increase) decrease in trade receivables ( 11,367) ( 26,429) 13,429 114,778
( Increase) decrease in inventories ( 4,317) ( 12,885) 3,726 31,846
Increase in finance receivables ( 32,650) ( 30,294) (30,029) (256,658)
( Decrease) increase in trade payables 21,316 27,276 (4,495) (38,419)
( Decrease) increase in accrued incom e taxes and accrued expenses and other ( 5,913) ( 13,719) 2,497 21,342
Other, net 22,718 9,737 10,687 91,343
Net cash provided by operating activities 154,911 132,780 176,869 1,511,701
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of property, plant and equipment 190 721 3,085 26,368
Expenditures for property, plant and equipment ( 75,432) ( 84,076) (101,793) (870,026)
Paym ents for purchases of available-for-sale securities ( 35,518) ( 79,431) (138,607) (1,184,675)
Proceeds from sales of available-for-sale securities 45,464 118,120 141,620 1,210,427
( Increase) decrease in time deposits 9,915 ( 511) 61 521
Acquisitions of subsidiaries, net of cash acquired – ( 43,214) – –
Other, net ( 8,002) ( 7,807) (24,431) (208,812)
Net cash used in investing activities ( 63,383) ( 96,198) (120,065) (1,026,197)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term indebtedness 13,349 72,206 63,751 544,880
Repayment of long-term indebtedness ( 31,509) ( 60,613) (93,752) (801,299)
( Decrease) increase in short-term borrowings, net ( 10,728) ( 38,052) 39,618 338,615
Proceeds from issuance of long-term debt securities 1,000 18,000 10,000 85,470
Repayment of long-term debt securities ( 23,910) ( 22,000) (52,000) (444,444)
Dividend paid ( 11,136) ( 14,793) (16,178) (138,274)
Paym ent for purchase of treasury stock ( 11,411) ( 10,624) (10,653) (91,051)
Other, net ( 490) ( 563) (775) (6,623)
Net cash used in financing activities ( 74,835) ( 56,439) (59,989) (512,726)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS ( 2,897) 1,200 3,383 28,914
NET INCREASE ( DECREASE) IN CASH AND CASH EQUIVALENTS 13,796 ( 18,657) 198 1,692
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 189,243 203,039 186,857 1,597,069
ADJUSTMENT FOR CHANGE IN FISCAL YEAR END OF
CONSOLIDATED SUBSIDIARIES – 2,475 – –
CASH AND CASH EQUIVALENTS AT END OF YEAR ¥ 203,039 ¥ 186,857 ¥ 187,055 $1,598,761
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
CASH PAID DURING THE YEAR FOR -
Interest ¥ 6,479 ¥ 5,402
¥ 5,717 $ 48,863
Incom e taxes 66,914 40,803 44,854 383,368
The accompanying notes to consolidated financial statem ents are an in tegral part of these statements.