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60
SONY CORPORATION ANNUAL REPORT 2000
FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
Sony Corporation and Consolidated Subsidiaries • Year ended March 31
Dollars in
Yen in millions millions except
except per share amounts per share amounts
1996 1997 1998 1999 2000 2000
FOR THE YEAR
Sales and operating revenue . . . ¥4,586,740 ¥5,658,253 ¥6,761,004 ¥6,804,182 ¥6,686,661 $63,082
Operating income . . . . . . . . . . 229,499 365,449 525,724 348,212 240,627 2,270
Income before income taxes . . . 132,334 307,548 459,263 377,691 264,31 0 2,493
Income taxes. . . . . . . . . . . . . . 77,158 163,570 214,868 176,973 94,644 892
Net income . . . . . . . . . . . . . . . 54,252 139,460 222,068 179,004 121,835 1 ,149
Per share data*:
Net income
— Basic . . . . . . . . . . . . . . . ¥ 72.5 ¥ 183.9 ¥ 278.9 ¥ 218.4 ¥ 144.6 $ 1 .36
— Diluted . . . . . . . . . . . . . 67.0 154.6 241.7 195.5 131 .7 1 .24
Cash dividends . . . . . . . . . . . 25.0 27.5 30.0 25.0 25.0 0.24
Depreciation and amortization
** . . ¥ 227,316 ¥ 266,532 ¥ 301,665 ¥ 307,173 ¥ 306,505 $ 2,892
Capital expenditures
(additions to fixed assets) . . . . 251,197 298,078 387,955 353,730 435,887 4,1 12
R&D expenses. . . . . . . . . . . . . 257,326 282,569 318,044 375,314 394,479 3,722
AT YEAR-END
Net working capital . . . . . . . . . ¥ 816,361 ¥ 843,500 ¥1,151,152 ¥1,126,848 ¥ 974,298 $ 9,1 91
Stockholders’ equity . . . . . . . . 1,169,147 1,459,332 1,815,555 1,823,665 2,182,906 20,593
Stockholders’ equity per share
* . . ¥ 1,562.77 ¥ 1,899.31 ¥ 2,230.69 ¥ 2,224.35 ¥ 2,409.36 $ 22.73
Total assets . . . . . . . . . . . . . . . ¥5,045,699 ¥5,680,246 ¥6,403,043 ¥6,299,053 ¥6,807,1 97 $64,21 9
Number of shares issued at
year-end (thousands of shares)
*. . 374,068 384,185 407,195 410,439 453,639
*All per sha re da ta a re resta ted for a ll periods to reflect the two-for-one stock split tha t ha s become effective on May 19, 2000.
However, no a djustment to reflect such stock split ha s been ma de to the number of sha res issued a t yea r-end.
** Including a mortiza tion of deferred insura nce a cquisition costs
Notes: 1. U.S. dolla r a mounts ha ve been tra nsla ted from yen, for convenience only, a t the ra te of ¥106=U.S.$1, the a pproxima te Tokyo
foreign excha nge ma rket ra te a s of Ma rch 31, 2000.
2. Ba sic net income per sha re (“EPS”) is computed ba sed on the a vera ge number of sha res of common stock outstanding during ea ch
period a nd diluted EPS a ssumes the dilution tha t could occur if securities or other contra cts to issue common stock were exercised
or converted into common stock or resulted in the issua nce of common stock.
3. Ca sh dividends per sha re for the yea r ended March 31, 2000 include a dividend which is subject to a pproval of the Ordina ry
Genera l Meeting of Sha reholders to be held on June 29, 2000.
4. Effective with the yea r ended Ma rch 31, 2000, equity in net ea rnings (losses) of a ffilia ted compa nies, which were previously
included in sa les a nd opera ting revenue, a re shown sepa ra tely below income before income taxes. As a result, sa les a nd opera t-
ing revenue, opera ting income, a nd income before income taxes figures for the prior yea rs ha ve been resta ted to conform to the
presenta tion for the yea r ended Ma rch 31, 2000.
5. Income before income taxes a nd net income figures for the yea r ended Ma rch 31, 1999 include ga ins of ¥58.7 billion a nd
¥30.7 billion, respectively, which resulted from a contribution of securities to a n outside trust for employee retirement benefit
purposes.