Sony 2001 Annual Report Download - page 96

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Sony Corporation Annual Report 2001
94
CONSOLIDATED STATEMENTS OF CASH FLOWS
Sony Corporation and Consolidated Subsidiaries •Year ended March 31
Dollars in millions
Yen in millions (Note 3)
1999 2000 2001 2001
Cash flows from operating activities:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 179,004 ¥121,835 ¥16,754 $ 134
Adjustments to reconcile net income to net cash
provided by operating activities—
Depreciation and amortization, including amortization
of deferred insurance acquisition costs . . . . . . . . . . . . . . 307,173 306,505 348,268 2,786
Amortization of film costs . . . . . . . . . . . . . . . . . . . . . . . . . 387,614 376,067 244,649 1,957
Accrual for pension and severance costs, less payments . . . 25,817 22,860 21,759 174
Loss on sale, disposal or impairment of long-lived assets, net . . 10,151 17,423 24,304 194
Gain on securities contribution to employee
retirement benefit trust (Note 8) . . . . . . . . . . . . . . . . . . (58,698) —(11,120) (89)
Gain on sales of securities investments and other, net . . . (2,464) (28,099) (41,708) (334)
Gain on issuances of stock by equity investees (Note 19) . . . (5,181) (727) (18,030) (144)
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,587 (26,159) (5,579) (45)
Equity in net losses of affiliated companies,
net of dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,580 38,699 47,219 378
Cumulative effect of accounting changes (Note 2) . . . . . . ——104,473 836
Changes in assets and liabilities:
(Increase) decrease in notes and accounts receivable . . . 38,942 (132,566) (177,484) (1,420)
(Increase) decrease in inventories . . . . . . . . . . . . . . . . 62,160 (34,792) (103,085) (825)
Increase in film costs (after adjusted cumulative
effect of an accounting change) . . . . . . . . . . . . . . . . . (406,184) (411,103) (269,004) (2,152)
Increase (decrease) in notes and accounts payable . . . (24,063) 110,207 95,213 762
Increase (decrease) in accrued income
and other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (30,125) (15,433) 38,749 310
Increase in future insurance policy benefits and other . . . 199,967 210,936 241,140 1,929
Increase in deferred insurance acquisition costs . . . . . (57,417) (62,821) (68,927) (551)
Changes in other current assets and liabilities, net . . . 55,286 87,328 71,193 570
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (51,882) (697) (14,017) (112)
Net cash provided by operating activities . . . . . . . ¥663,267 ¥579,463 ¥544,767 $ 4,358
(Continued on following page.)