Consolidated Statements of Cash Flows
YEARS ENDED MARCH 31 2009/3 2010/3 2011/3 2012/3 2013/3
Cash flows from operating activities:
Income (loss) before income taxes -46,681 -8,427 26,447 5,348 16,617
Depreciation and amortization 23,919 26,053 27,945 29,755 31,054
Interest and dividends income -4,669 -2,866 -2,913 -2,643 -2,880
Interest expense 5,771 6,993 5,585 4,937 3,729
(Increase) decrease in trade receivables 82,942 -38,777 24,122 -2,034 -11,034
(Increase) decrease in inventories 12,515 59,002 -16,179 -23,476 36,873
Increase (decrease) in trade payables -52,938 8,581 5,384 2,110 -10,643
Increase (decrease) in advances received 12,575 -24,402 10,525 9,030 -9,553
Other, net -10,589 -5,928 -19,791 12,207 7,157
Subtotal 28,985 20,228 61,127 35,233 61,321
Interest and dividends received 4,625 2,814 2,745 2,920 2,859
Interest paid -5,653 -6,910 -5,381 -5,371 -4,096
Income taxes paid -4,856 -4,208 -4,638 -4,468 -4,742
Net cash provided by (used in) operating activities 23,101 11,923 53,853 28,314 55,342
Cash flows from investing activities:
Purchase of fixed assets and marketable and investment securities -39,944 -10,968 -12,719 -10,596 -25,601
Proceeds from sale of fixed assets and marketable and investment securities 16,731 14,260 99,140 36 9,138
Other, net 10,935 -3,820 -2,179 -2,929 -7,824
Net cash provided by (used in) investing activities -12,278 -528 84,241 -13,489 -24,286
Free cash flows 10,822 11,395 138,094 14,825 31,055
Cash flows from financing activities:
Increase (decrease) in short-term borrowings, net 46,214 -36,701 -41,835 11,184 -8,331
Increase (decrease) in commercial paper, net -12,500 -35,000 -18,000 10,000 18,000
Proceeds from long-term debt 78,207 60,937 1,709 50,956 72,224
Repayments of long-term debt and redemption of bonds -50,995 -47,105 -24,692 -90,264 -123,071
Other, net -7,174 -4,708 -10,649 -14,468 -15,649
Net cash provided by (used in) financing activities 53,752 -62,578 -93,468 -32,592 -56,827
Effect of exchange rate changes on cash and cash equivalents -1658 117 -1,103 -56 1,196
Net increase (decrease) in cash and cash equivalents 62,917 -51,065 43,522 -17,824 -24,575
Cash and cash equivalents at beginning of year 22,092 85,365 37,283 81,796 64,261
Cash and cash equivalents of resulting from changes of consolidated subsidiaries 355 2,982 990 289 -
Cash and cash equivalents of resulting from
mergers with non-consolidated subsidiaries - - - - 2
Cash and cash equivalents at end of year 85,365 37,283 81,796 64,261 39,688
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