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Consolidated Statements of Cash Flows

Year ended March 31

Millions of yen
  FY2005 FY2006 FY2007 FY2008 FY2009 FY2010
Operating activities:            
Net income (loss) 84,500 37,016 34,446 104,431 10,524 (36,411)
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization 182,286 225,434 215,429 226,753 212,565 195,083
Impairment losses for long-lived assets and goodwill No data 42,121 12,202 6,910 6,916 66,249
Decline in value of investment securities 304 122 23,946 864 6,878 1,111
Deffered income taxes 8,806 (17,732) (3,377) 8,821 (29,977) (21,800)
Minority interests 18,103 12,785 12,643 15,474 4,491 No data
Equity in net earnings of affiliated companies, less dividends received (2,031) (3,899) (1,987) 95 (694) 833
Subsidy related to transfer of substitutional portion of employee pension fund liabilities (83,129) No data No data No data No data No data
Changes in operating assets and liabilities:            
Notes and accounts receivable 19,593 (7,223) (9,637) (12,990) 91,928 (22,299)
Inventories (5,964) 15,118 10,976 (30,479) 32,335 68,771
Changes in other current assets No data No data No data No data No data 18,338
Notes and accounts payable - trade (23,320) (33,486) 12,700 10,169 (77,089) 31,836
Accrued income taxes and other liabilities 20,869 (9,909) 1,326 (52,001) (59,136) (17,995)
Other (656) 12,211 (11,391) 20,063 10,765 31,110
Net cash provided by operating activities 219,361 272,558 297,276 298,110 209,506 314,826
Investing activities:            
Purchases of property, plant and equipment (150,915) (186,980) (172,572) (166,136) (155,866) (76,848)
Purchases of software (33,050) (16,693) (20,483) (20,714) (21,615) (16,185)
Proceeds from sales and maturities of marketable and investment securities 40,733 83,629 109,116 141,615 52,752 41,639
Purchases of marketable and investment securities (85,287) (58,757) (146,911) (47,303) (17,639) (58,250)
(Increase) decrease in investments in and advances to affiliated companies (1,156) (19,237) 1,383 (41,039) 9,889 8,067
Acquisitions of businesses and minority interests, net of cash acquired (58,010) (40,587) (45,741) (98,973) (6,635) (358)
Other (24,716) (33,504) (22,793) (27,165) (13,667) (29,269)
Net cash used in investing activities (312,401) (272,129) (298,001) (259,715) (152,781) (131,204)
Financing activities:            
Proceeds from long-term debt 1,940 1,728 200,568 2,602 7,237 769
Repayments of long-term debt (19,085) (21,452) (29,725) (10,124) (39,773) (3,375)
Increase (decrease) in short-term debt, net (31,042) (43,119) 6,120 (10,579) (10,845) (26,485)
Cash dividends paid (12,831) (12,734) (12,754) (15,335) (17,655) (12,216)
Subsidiaries' cash dividends paid to noncontrolling interests (7,091) (4,941) (5,220) (4,658) (6,098) (1,279)
Net sales (purchases) of stock for treasury (15,297) 209 (702) (34,214) (35,005) (23)
Net cash provided by (used in) financing activities (83,406) (80,309) 158,287 (72,308) (102,139) (42,609)
Effect of exchange rate changes on cash and cash equivalents 2,839 10,321 8,559 (19,880) (15,418) (4,930)
Net increase (decrease) in cash and cash equivalents (173,607) (69,559) 166,121 (53,793) (60,832) 136,083
Cash and cash equivalents at beginning of year 461,764 288,157 218,598 384,719 330,926 270,094
Cash and cash equivalents at end of year 288,157 218,598 384,719 330,926 270,094 406,177

Downloadable EXCEL File (FY2002 - FY2010)

Consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.