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Consolidated Statements of Cash Flows

Year ended March 31

Millions of yen
  FY2004 FY2005 FY2006 FY2007 FY2008 FY2009
Operatings activities:            
Net income 82,317 84,500 37,016 34,446 104,431 10,524
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization 172,622 182,286 225,434 215,429 226,753 212,565
Impairment losses for long-lived assets and goodwill No data No data 42,121 12,202 6,910 6,916
Decline in value of investment securities 466 304 122 23,946 864 6,878
Deffered income taxes 1,632 8,806 (17,732) (3,377) 8,821 (29,977)
Minority interests 13,289 18,103 12,785 12,643 15,474 4,491
Equity in net earnings of affiliated companies, less dividends received (667) (2,031) (3,899) (1,987) 95 (694)
Subsidy related to transfer of substitutional portion of employee pension fund liabilities No data (83,129) No data No data No data No data
Changes in operating assets and liabilities:            
Notes and accounts receivable (20,519) 19,593 (7,223) (9,637) (12,990) 91,928
Inventories 174 (5,964) 15,118 10,976 (30,479) 32,335
Notes and accounts payable - trade 19,719 (23,320) (33,486) 12,700 10,169 (77,089)
Accrued income taxes and other liabilities 40,481 20,869 (9,909) 1,326 (52,001) (59,136)
Other 17,844 (656) 12,211 (11,391) 20,063 10,765
Net cash provided by operating activities 327,358 219,361 272,558 297,276 298,110 209,506
Investing activities:            
Purchases of property, plant and equipment (160,070) (150,915) (186,980) (172,572) (166,136) (155,866)
Purchases of software (37,367) (33,050) (16,693) (20,483) (20,714) (21,615)
Proceeds from sales and maturities of marketable and investment securities 46,672 40,733 83,629 109,116 141,615 52,752
Purchases of marketable and investment securities (16,634) (85,287) (58,757) (146,911) (47,303) (17,639)
(Increase) decrease in investments in and advances to affiliated companies 1,702 (1,156) (19,237) 1,383 (41,039) 9,889
Acquisitions of businesses and minority interests, net of cash acquired (21,901) (58,010) (40,587) (45,741) (98,973) (6,635)
Other (19,588) (24,716) (33,504) (22,793) (27,165) (13,667)
Net cash used in investing activities (207,186) (312,401) (272,129) (298,001) (259,715) (152,781)
Financing activities:            
Proceeds from long-term debt 6,604 1,940 1,728 200,568 2,602 7,237
Repayments of long-term debt (25,787) (19,085) (21,452) (29,725) (10,124) (39,773)
Increase (decrease) in short-term debt, net (27,615) (31,042) (43,119) 6,120 (10,579) (10,845)
Cash dividends paid (12,833) (12,831) (12,734) (12,754) (15,335) (17,655)
Subsidiaries' cash dividends paid to minority interests (3,550) (7,091) (4,941) (5,220) (4,658) (6,098)
Net sales (purchases) of stock for treasury (335) (15,297) 209 (702) (34,214) (35,005)
Net cash provided by (used in) financing activities (63,516) (83,406) (80,309) 158,287 (72,308) (102,139)
Effect of exchange rate changes on cash and cash equivalents (5,022) 2,839 10,321 8,559 (19,880) (15,418)
Net increase (decrease) in cash and cash equivalents 51,634 (173,607) (69,559) 166,121 (53,793) (60,832)
Cash and cash equivalents at beginning of year 410,130 461,764 288,157 218,598 384,719 330,926
Cash and cash equivalents at end of year 461,764 288,157 218,598 384,719 330,926 270,094

Downloadable EXCEL File (FY2002 - FY2009)

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