Yamaha 2005 Annual Report Download - page 56

54 Yamaha Annual Report 2005
Consolidated Statements of Cash Flows Yamaha Corporation and Consolidated Subsidiaries
Years ended March 31, 2005 and 2004
Cash flows from operating activities:
Income before income taxes and minority interests
Adjustments to reconcile income before income taxes
and minority interests to net cash provided by operating activities:
Depreciation and amortization
Loss on impairment of fixed assets
Allowance for doubtful accounts
Loss on revaluation of investment securities
Loss on revaluation of investments in affiliates
Employees’ retirement benefits, net of payments
Interest and dividend income
Interest expense
Equity in earnings of unconsolidated subsidiaries and affiliates
Gain on sales of investment securities other than those of subsidiaries
Gain on sales of investments in subsidiaries
Gain on liquidation of subsidiaries
Loss on sales or disposal of property, net
Foreign exchange (gain) loss
Fines and penalties
Changes in operating assets and liabilities:
Accounts and notes receivable — trade
Inventories
Accounts and notes payable — trade
Other, net
Subtotal
Interest and dividends received
Interest paid
Fines and penalties paid
Income taxes, net of payments
Net cash provided by operating activities
Cash flows from investing activities:
Proceeds from time deposits
Purchases of property
Proceeds from sales of property
Purchases of investment securities
Proceeds from sales and redemption of investment securities
Other, net
Net cash used in investing activities
Cash flows from financing activities:
Increase (decrease) in short-term loans
Proceeds from long-term debt
Repayment of long-term debt
Redemption of convertible bonds
Cash dividends paid
Resort membership deposits received
Refund of resort membership deposits
Cash dividends paid to minority shareholders
Other, net
Net cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Increase due to inclusion in consolidation
Decrease due to exclusion from consolidation
Decrease in cash and cash equivalents arising from changes
in financial periods of subsidiaries
Cash and cash equivalents at end of the year (Note 19)
See notes to consolidated financial statements
2005
$ 312,096
177,288
304,526
(2,170)
652
652
(202,868)
(6,593)
9,498
(84,831)
(60,797)
—
(37)
10,513
(1,676)
—
80,417
(43,337)
(26,055)
(57,212)
410,029
19,378
(9,535)
—
(51,225)
368,638
84
(199,739)
23,531
(1,052)
87,680
(30,589)
(120,086)
8,399
50,033
(82,419)
—
(33,625)
65
(17,590)
(1,965)
(261)
(77,344)
10,234
181,441
290,949
—
(3,138)
—
$ 469,252
2004
¥ 47,456
17,695
—
(407)
110
393
(3,983)
(539)
1,535
(10,447)
(5)
(14)
(126)
2,297
217
339
(698)
6,346
1,283
2,798
64,248
1,301
(1,582)
(339)
(5,278)
58,349
697
(18,721)
552
(266)
371
(1,408)
(18,775)
(11,179)
2,651
(8,778)
(24,314)
(2,063)
—
(6,049)
(384)
(23)
(50,141)
(1,599)
(12,167)
42,976
1,150
(127)
(587)
¥ 31,245
2005
¥ 33,516
19,039
32,703
(233)
70
70
(21,786)
(708)
1,020
(9,110)
(6,529)
—
(4)
1,129
(180)
—
8,636
(4,654)
(2,798)
(6,144)
44,033
2,081
(1,024)
—
(5,501)
39,588
9
(21,450)
2,527
(113)
9,416
(3,285)
(12,896)
902
5,373
(8,851)
—
(3,611)
7
(1,889)
(211)
(28)
(8,306)
1,099
19,485
31,245
—
(337)
—
¥ 50,393
Millions of Yen
Thousands of
U.S. Dollars (Note 3)