Toshiba 2011 Annual Report Download - page 88

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22
Consolidated Statements of Cash Flows
Toshiba Corporation and Subsidiaries
For the years ended March 31, 2011 and 2010
Millions of yen
Thousands of
U.S. dollars
(Note 3)
2011 2010 2011
Cash flows from operating activities
Net income (loss) before noncontrolling interests ¥ 146,646 ¥ (5,293) $ 1,766,819
Adjustments to reconcile net income (loss) before noncontrolling
interests to net cash provided by operating activities—
Depreciation and amortization 259,604 298,998 3,127,759
Provisions for pension and severance costs, less payments 8,611 10,985 103,747
Deferred income taxes (22,771) (22,809) (274,349)
Equity in earnings of affi liates, net of dividends (6,406) (11,566) (77,181)
Loss from sales, disposal and impairment of property, plant and
equipment and intangible assets, net 276 25,055 3,325
Loss from sales and impairment of securities and other investments, net
3,594 7,181 43,301
(Increase) decrease in notes and accounts receivable, trade 96 (98,347) 1,157
Increase in inventories (100,945) (35,554) (1,216,205)
Increase in notes and accounts payable, trade 59,176 176,443 712,964
Increase (decrease) in accrued income and other taxes (3,204) 3,899 (38,602)
Increase (decrease) in advance payments received (22,363) 58,592 (269,434)
Other 51,770 43,861 623,735
Net cash provided by operating activities 374,084 451,445 4,507,036
Cash flows from investing activities
Proceeds from sale of property, plant and equipment and intangible assets
58,391 40,071 703,506
Proceeds from sale of securities 5,427 6,931 65,386
Acquisition of property, plant and equipment (229,229) (215,876)(2,761,795)
Acquisition of intangible assets (30,851) (47,053) (371,699)
Purchase of securities (6,201) (14,316) (74,711)
(Increase) decrease in investments in affiliates (38,424) 8,288 (462,940)
Other 26,187 (30,967) 315,506
Net cash used in investing activities (214,700) (252,922) (2,586,747)
Cash flows from financing activities
Proceeds from long-term debt 159,807 397,181 1,925,386
Repayment of long-term debt (406,846) (303,748)(4,901,759)
Increase (decrease) in short-term borrowings, net 109,895 (680,346) 1,324,036
Proceeds from stock offering —317,541 —
Dividends paid (17,601) (5,728) (212,060)
Purchase of treasury stock, net (159) (109) (1,916)
Other 188 (2,652) 2,265
Net cash used in financing activities (154,716) (277,861) (1,864,048)
Effect of exchange rate changes on cash and cash equivalents (13,277) 2,994 (159,964)
Net decrease in cash and cash equivalents (8,609) (76,344) (103,723)
Cash and cash equivalents at beginning of year 267,449 343,793 3,222,277
Cash and cash equivalents at end of year ¥ 258,840 ¥ 267,449 $ 3,118,554
Supplemental disclosure of cash fl ow information
Cash paid during the year for—
Interest ¥ 33,478 ¥ 31,036 $ 403,349
Income taxes 61,342 4,487 739,060
The accompanying notes are an integral part of these statements.