Sony 2002 Annual Report Download - page 62

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Consolidated Statements of Income
Sony Corporation and Consolidated Subsidiaries - Year ended March 31
Yen in millions Dollars in millions
2000 2001
2002 2002
Sales and operating revenue:
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥6,238,401 ¥6,829,003 ¥7,058,755 $53,073
Financial service revenue . . . . . . . . . . . . . . . . . . . . . . . . 412,988 447,147 483,313 3,634
Other operating revenue . . . . . . . . . . . . . . . . . . . . . . . . . 35,272 38,674 36,190 272
6,686,661 7,314,824 7,578,258 56,979
Costs and expenses:
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,595,086 5,046,694 5,239,592 39,395
Selling, general and administrative . . . . . . . . . . . . . . . . . . . 1,478,692 1,613,069 1,742,856 13,104
Financial service expenses . . . . . . . . . . . . . . . . . . . . . . . 389,679 429,715 461,179 3,468
6,463,457 7,089,478 7,443,627 55,967
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223,204 225,346 134,631 1,012
Other income:
Interest and dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,700 18,541 16,021 120
Royalty income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,704 29,302 33,512 252
Foreign exchange gain, net . . . . . . . . . . . . . . . . . . . . . . . 27,466 – – –
Gain on sales of securities investments and other, net . . . . . . . 28,099 41,708 1,398 11
Gain on issuances of stock by equity investees. . . . . . . . . . 727 18,030 503 4
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,603 60,073 44,894 337
146,299 167,654 96,328 724
Other expenses:
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,030 43,015 36,436 274
Loss on devaluation of securities investments. . . . . . . . . . 2,015 4,230 18,458 139
Foreign exchange loss, net . . . . . . . . . . . . . . . . . . . . . . . . – 15,660 31,736 239
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61,148 64,227 51,554 386
105,193 127,132 138,184 1,038
Income before income taxes . . . . . . . . . . . . . . . . . . . . . 264,310 265,868 92,775 698
Income taxes:
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120,803 121,113 114,930 864
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26,159) (5,579) (49,719) (374)
94,644 115,534
65,211 490
Income before minority interest, equity in net
losses of affiliated companies and cumulative
effect of accounting changes . . . . . . . . . . . . . . . . . . . . . 169,666 150,334 27,564 208
Minority interest in income (loss)
of consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . 10,001 (15,348) (16,240) (121)
Equity in net losses of affiliated companies . . . . . . . . . . 37,830 44,455 34,472 259
Income before cumulative effect
of accounting changes . . . . . . . . . . . . . . . . . . . . . . . . 121,835 121,227
9,332 70
Cumulative effect of accounting changes
(2001: Including ¥491 million income tax expense
2002: Net of income taxes of ¥2,975 million) . . . . . . . . . – (104,473) 5,978 45
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥121,835 ¥16,754 ¥15,310
$115
(Continued on following page.)
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Sony Corporation Annual Report 2002