Sony 2001 Annual Report Download - page 97

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Sony Corporation Annual Report 2001
95
Dollars in millions
Yen in millions (Note 3)
1999 2000 2001 2001
Cash flows from investing activities:
Payments for purchases of fixed assets . . . . . . . . . . . . . . . . . . ¥(368,355) ¥(403,013) ¥(468,019) $(3,744)
Proceeds from sales of fixed assets . . . . . . . . . . . . . . . . . . . . . 28,783 29,077 26,704 214
Payments for investments and advances by insurance business . . . (651,226) (178,866) (319,149) (2,553)
Payments for investments and advances
(other than insurance business) . . . . . . . . . . . . . . . . . . . . . . . . . (89,827) (105,031) (122,563) (981)
Proceeds from sales of securities investments and other
and collections of advances by insurance business . . . . . . . . . 498,738 97,200 87,493 700
Proceeds from sales of securities investments and other
and collections of advances (other than insurance business) . . . 31,359 86,493 65,098 521
Proceeds from merger of Loews Theatres
exhibition business (Note 19) . . . . . . . . . . . . . . . . . . . . . . . . . 53,007 — ——
Payments for purchases of marketable securities . . . . . . . . . . . (121,483) (70,053) (24,425) (196)
Proceeds from sales of marketable securities . . . . . . . . . . . . . . 171,868 78,370 34,899 279
Decrease in time deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79,876 15,930 914 7
Net cash used in investing activities . . . . . . . . . . . (367,260) (449,893) (719,048) (5,753)
Cash flows from financing activities:
Proceeds from issuance of long-term debt . . . . . . . . . . . . . . . . 54,208 30,783 195,118 1,561
Payments of long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . (69,889) (99,454) (143,258) (1,146)
Increase (decrease) in short-term borrowings . . . . . . . . . . . . . (71,601) 19,824 106,245 850
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (24,501) (20,589) (22,774) (182)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (445) 1,361 (889) (7)
Net cash provided by (used in) financing activities . . (112,228) (68,075) 134,442 1,076
Effect of exchange rate changes on cash and cash equivalents . . . (14,855) (27,641) 21,020 168
Net increase (decrease) in cash and cash equivalents . . . . . . . 168,924 33,854 (18,819) (151)
Cash and cash equivalents at beginning of year . . . . . . . . . . . . 423,286 592,210 626,064 5,009
Cash and cash equivalents at end of year . . . . . . . . . . . . . . . . . ¥ 592,210 ¥626,064 ¥607,245 $ 4,858
Supplemental data:
Cash paid during the year for—
Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 191,378 ¥132,891 ¥93,629 $ 749
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,096 43,668 47,806 382
Non-cash investing and financing activities—
Integration of three listed subsidiaries through
exchange offerings (Note 4)
Fair value of assets acquired . . . . . . . . . . . . . . . . . . . . . . . —¥282,488 ——
Deferred tax liabilities thereon . . . . . . . . . . . . . . . . . . . . . — (46,794) ——
Minority interest eliminated . . . . . . . . . . . . . . . . . . . . . . . — 112,242 ——
Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —¥347,936 ——
The accompanying notes are an integral part of these statements.