Toshiba 2009 Annual Report Download - page 43

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Consolidated Statements of Cash Flows
41
Cash Flows from Operating Activities:
Net income (loss) ¥ 46,041 ¥ 78,186 ¥137,429 ¥127,413
Adjustments to reconcile net income (loss) to net cash
provided by (used in) operating activities
Depreciation and amortization 241,362 254,217 292,875 380,160
Provisions for pension and
severance costs, less payments 2,641 4,809 (22,720) (19,035)
Deferred income tax provision (benefit) 5,525 33,091 56,444 10,635
Equity in (earnings) losses of affiliates 5,816 20,023 (12,579) (13,340)
(Gain) loss from sales, disposal and
impairment of property and securities, net 3,351 18,070 (79,416) (146,369)
Minority interest in income (loss) of
consolidated subsidiaries 9,247 9,849 15,676 14,765
(Increase) decrease in notes and
accounts receivable, trade (63,750) (86,420) (51,620) 29,138
(Increase) decrease in finance receivables, net (3,927) 0 0 0
(Increase) decrease in inventories (10,107) 31,927 (82,926) (64,688)
Increase (decrease) in notes and
accounts payable, trade 82,427 90,482 220,619 (115,047)
Increase (decrease) in accrued income and
other taxes 9,722 816 23,353 18,283
Increase (decrease) in advance payments received
(51,263) (7,121) 29,459 47,617
Other 28,448 53,497 34,880 (22,404)
Net cash provided by (used in) operating activities
305,533 501,426 561,474 247,128
Cash Flows from Investing Activities:
Proceeds from sale of property, plant and equipment
42,094 81,503 112,015 212,064
Proceeds from sale of securities 34,138 12,379 9,586 2,805
Acquisition of property, plant and equipment (271,635) (316,702) (376,707) (407,692)
Purchase of securities (12,397) (14,940) (13,508) (82,898)
(Increase) decrease in investments in affiliates (7,051) (20,872) 51,044 (41,367)
Other (28,255) (44,753) (495,212) (5,614)
Net cash used in investing activities (243,106) (303,385) (712,782) (322,702)
Cash Flows from Financing Activities:
Proceeds from long-term debt 251,563 108,393 467,717 190,524
Repayment of long-term debt (211,280) (250,884) (199,570) (283,013)
Increase (decrease) in short-term borrowings, net
(105,416) (60,638) (81,305) 187,321
Dividends paid (17,104) (22,808) (30,431) (46,406)
Repurchase of subsidiary common stock (634) (86) (829) (715)
Purchase of treasury stock, net (586) (481) (841) (1,138)
Other (8,867) (8,794) 55 —
Net cash provided by (used in)
financing activities (92,324) (235,298) 154,796 46,573
Effect of Exchange Rate Changes on Cash and
Cash Equivalents 5,623 13,175 34,903 (31,662)
Net Increase (Decrease) in Cash and
Cash Equivalents (24,274) (24,082) 38,391 (60,663)
Cash and Cash Equivalents at Beginning of Year 319,277 295,003 270,921 309,312
Cash and Cash Equivalents at End of Year ¥295,003 ¥270,921 ¥309,312 ¥248,649
Supplemental Disclosure of Cash Flow Information:
Cash paid during the year for—
Interest ¥ 21,761 ¥ 24,538 ¥ 30,892 ¥ 40,356
Income taxes ¥ 38,539 ¥ 62,925 ¥ 59,272 ¥107,431
Year ended March 31 2005 2006 2007 2008 2009
(Millions of yen)
*
*Includes the acquisition of Westinghouse Group in the amount of ¥461,338 million.
¥(343,559)
349,764
(13,733)
(7,843)
1,215
(34,587)
(3,795)
186,676
0
60,517
(182,501)
(51,647)
27,018
(3,536)
(16,011)
210,653
4,035
(477,720)
(29,609)
(43,399)
732
(335,308)
337,415
(275,976)
469,026
(50,350)
(1,318)
(345)
—
478,452
(31,989)
95,144
248,649
¥343,793
¥ 35,004
¥140,923