Sony 2002 Annual Report Download - page 64

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Consolidated Statements of Cash Flows
Sony Corporation and Consolidated Subsidiaries - Year ended March 31
Yen in millions Dollars in millions
2000 2001
2002 2002
Cash flows from operating activities:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥121,835 ¥16,754 ¥15,310 $115
Adjustments to reconcile net income to net cash
provided by operating activities –
Depreciation and amortization, including amortization
of deferred insurance acquisition costs . . . . . . . . . . . . . . . . . 306,505 348,268
354,135 2,663
Amortization of film costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 376,067 244,649
242,614 1,824
Accrual for pension and severance costs, less payments . . . . 22,860 21,759
14,995 113
Loss on sale, disposal or impairment of long-lived assets, net . 17,423 24,304
49,862 375
Gain on securities contribution to employee
retirement benefit trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – (11,120) –
–
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)
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26,159) (5,579) (49,719) (374)
Equity in net losses of affiliated companies, net of dividends . . 38,699 47,219
37,537 282
Cumulative effect of accounting changes . . . . . . . . . . . . . . . – 104,473 (5,978) (45)
Changes in assets and liabilities:
(Increase) decrease in notes and accounts receivable, trade. (132,566) (177,484) 111,301 837
(Increase) decrease in inventories . . . . . . . . . . . . . . . . . . . . . (34,792) (103,085) 290,872 2,187
Increase in film costs
(after adjustment for cumulative effect of an accounting change) . . (411,103) (269,004) (236,072) (1,775)
Increase (decrease) in notes and accounts payable, trade. . . 110,207 95,213
(172,626) (1,298)
Increase (decrease) in accrued income and other taxes . . . . (15,433) 38,749
(39,589) (298)
Increase in future insurance policy benefits and other . . . . . . 210,936 241,140
314,405 2,364
Increase in deferred insurance acquisition costs . . . . . . . . . . . (62,821) (68,927) (71,522) (538)
Increase in marketable securities held in the insurance
business for trading purpose . . . . . . . . . . . . . . . . . . . . . . . . . (25,326) (20,000) (55,661) (418)
Changes in other current assets and liabilities, net . . . . . . . . . 87,328 71,193
(13,875) (104)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (697) 5,983 (46,492) (349)
Net cash provided by operating activities . . . . . . . . . . . ¥554,137 ¥544,767 ¥737,596 $5,546
(Continued on following page.)
62
Sony Corporation Annual Report 2002