Toshiba 2010 Annual Report Download - page 84

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22
Thousands of
U.S. dollars
Millions of yen (Note 3)
2010 2009 2010
Cash flows from operating activities
Net loss before noncontrolling interests ¥(5,293) ¥(347,354) $(56,914)
Adjustments to reconcile net loss before noncontrolling interests to net
cash provided by (used in) operating activities—
Depreciation and amortization 298,998 349,764 3,215,032
Provisions for pension and severance costs, less payments 10,985 (13,733) 118,118
Deferred income taxes (22,809) (7,843) (245,258)
Equity in (earnings) losses of affiliates, net of dividends (11,566) 1,215 (124,366)
Loss from sales, disposal and impairment of property,
plant and equipment and intangible assets, net 25,055 3,291 269,409
(Gain) loss from sales and impairment of
securities and other investments, net 7,181 (37,878) 77,215
(Increase) decrease in notes and accounts receivable, trade (98,347) 186,676 (1,057,495)
(Increase) decrease in inventories (35,554) 60,517 (382,301)
Increase (decrease) in notes and accounts payable, trade 176,443 (182,501) 1,897,237
Increase (decrease) in accrued income and other taxes 3,899 (51,647) 41,925
Increase in advance payments received 58,592 27,018 630,021
Other 43,861 (3,536) 471,624
Net cash provided by (used in) operating activities 451,445 (16,011) 4,854,247
Cash flows from investing activities
Proceeds from sale of property, plant and equipment and intangible assets 40,071 214,264 430,871
Proceeds from sale of securities 6,931 4,035 74,527
Acquisition of property, plant and equipment (215,876) (477,720) (2,321,247)
Acquisition of intangible assets (47,053) (59,055) (505,946)
Purchase of securities (14,316) (29,609) (153,935)
(Increase) decrease in investments in affiliates 8,288 (43,399) 89,118
Proceeds from sale of Toshiba Building Co., Ltd. stock —79,800 —
Other (30,967) (23,624) (332,979)
Net cash used in investing activities (252,922) (335,308) (2,719,591)
Cash flows from financing activities
Proceeds from long-term debt 397,181 337,415 4,270,763
Repayment of long-term debt (303,748) (275,976) (3,266,108)
Increase (decrease) in short-term borrowings, net (680,346) 469,026 (7,315,548)
Proceeds from stock offering 317,541 —3,414,419
Dividends paid (5,728) (50,350) (61,591)
Purchase of treasury stock, net (109) (345) (1,172)
Other (2,652) (1,318) (28,516)
Net cash provided by (used in) financing activities (277,861) 478,452 (2,987,753)
Effect of exchange rate changes on cash and cash equivalents 2,994 (31,989) 32,194
Net increase (decrease) in cash and cash equivalents (76,344) 95,144 (820,903)
Cash and cash equivalents at beginning of year 343,793 248,649 3,696,699
Cash and cash equivalents at end of year ¥ 267,449 ¥343,793 $2,875,796
Supplemental disclosure of cash flow information
Cash paid during the year for—
Interest ¥31,036 ¥35,004 $333,720
Income taxes 4,487 140,923 48,247
Non-cash financing activities—
Conversion of convertible bonds —310 —
Sale of Toshiba building Co., Ltd. stock—
Assets sold —173,353 —
Liabilities relinquished —151,434 —
The accompanying notes are an integral part of these statements.
Consolidated Statements of Cash Flows
Toshiba Corporation and Subsidiaries
For the years ended March 31, 2010 and 2009