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Year ended March 31 2009 2010 2011 2012 2013
Cash Flows from Operating Activities:
Net income (loss) before noncontrolling interests ¥(347,354) ¥ (5,293) ¥146,646 ¥ 80,061 ¥ 95,726
Adjustments to reconcile net income (loss)
before noncontrolling interests to net cash
provided by (used in) operating activities
Depreciation and amortization 349,764 298,998 259,604 249,646 217,752
Provisions for pension and
severance costs, less payments (13,733) 10,985 8,611 5,301 (2,021)
Deferred income taxes (7,843) (22,809) (22,771) 17,354 9,380
Equity in (earnings) losses of affiliates, net of dividends
1,215 (11,566) (6,406) (13,926) (13,889)
(Gain) loss from sales, disposal and impairment of property,
plant and equipment, intangible assets and securities, net
(34,587) 32,236 3,870 (50) (1,971)
(Increase) decrease in notes and accounts receivable, trade
186,676 (98,347) 96 (194,430) 5,660
(Increase) decrease in inventories 60,517 (35,554) (100,945) (19,178) (64,874)
Increase (decrease) in notes and accounts payable, trade
(182,501) 176,443 59,176 120,594 (179,769)
Increase (decrease) in accrued income and other taxes
(51,647) 3,899 (3,204) 4,391 7,753
Increase (decrease) in advance payments received 27,018 58,592 (22,363) 104,893 (3,155)
Other (3,536) 43,861 51,770 (19,659) 61,724
Net cash provided by (used in) operating activities
(16,011) 451,445 374,084 334,997 132,316
Cash Flows from Investing Activities:
Proceeds from sale of property, plant and equipment
210,653 36,119 56,055 99,604 86,427
Proceeds from sale of securities 4,035 6,931 5,427 9,638 3,876
Acquisition of property, plant and equipment (477,720) (215,876) (229,229) (291,733) (266,581)
Purchase of securities (29,609) (14,316) (6,201) (18,435) (9,203)
(Increase) decrease in investments in affiliates (43,399) 8,288 (38,424) 15,444 24,616
Other 732 (74,068) (2,328) (191,745) (35,482)
Net cash used in investing activities (335,308) (252,922) (214,700) (377,227) (196,347)
Cash Flows from Financing Activities:
Proceeds from long-term debt 337,415 397,181 159,807 370,911 350,101
Repayment of long-term debt (275,976) (303,748) (406,846) (206,325) (208,865)
Increase (decrease) in short-term borrowings, net 469,026 (680,346) 109,895 (128,267) 66,885
Dividends paid (50,350) (5,728) (17,601) (37,007) (42,547)
Purchase of treasury stock, net (345) (109) (159) (42) (50)
Other (1,318) 314,889 188 490 (123,752)
Net cash provided by (used in) financing activities
478,452 (277,861) (154,716) (240) 41,772
Effect of Exchange Rate Changes on Cash and Cash Equivalents
(31,989) 2,994 (13,277) (2,065) 17,123
Net Increase (Decrease) in Cash and Cash Equivalents
95,144 (76,344) (8,609) (44,535) (5,136)
Cash and Cash Equivalents at Beginning of Year 248,649 343,793 267,449 258,840 214,305
Cash and Cash Equivalents at End of Year ¥343,793 ¥267,449 ¥258,840 ¥214,305 ¥209,169
Supplemental Disclosure of Cash Flow Information:
Cash paid during the year for—
Interest ¥ 35,004 ¥ 31,036 ¥ 33,478 ¥ 31,759 ¥ 33,090
Income taxes ¥140,923 ¥ 4,487 ¥ 61,342 ¥ 43,912 ¥ 48,662
*1*3
*2
Consolidated Statements of Cash Flows
(Millions of yen)
Includes the proceeds from stock offering of ¥317,541 million.
Includes the acquisition of Landis+Gyr AG in the amount of ¥(129,450) million.
*1
*2
Includes the additional purchase of shares of Westinghouse Group from noncontrolling interests in the amount of ¥(124,724) million.*3
Data Section
64 TOSHIBA Annual Report 2013