Sony 2003 Annual Report Download - page 59

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Sony Corporation Annual Report 2003 57
Yen in millions Dollars in millions*
2001 2002 2003 2003
Cash flow s from investing activities:
Payments for purchases of fixed assets . . . . . . ¥(468,019) ¥(388,514) ¥ (275,285) $(2,294)
Proceeds from sales of fixed assets . . . . . . . . . 26,704 37,434 25,711 214
Payments for investments and advances by
financial service business. . . . . . . . . . . . . . . . (329,319) (705,796) (1,026,361) (8,553)
Payments for investments and advances
(other than financial service business) . . . . . . (136,818) (90,544) (109,987) (917)
Proceeds from sales of securities investments,
maturities of marketable securities and
collections of advances by financial
service business . . . . . . . . . . . . . . . . . . . . . . 93,226 345,112 542,539 4,521
Proceeds from sales of securities investments,
maturities of marketable securities and
collections of advances
(other than financial service business) . . . . . . 94,264 33,969 135,834 1,132
Decrease in time deposits . . . . . . . . . . . . . . . . 914 1,222 1,124 10
Net cash used in investing activities . . . (719,048) (767,117) (706,425) (5,887)
Cash flow s from financing activities:
Proceeds from issuance of long-term debt . . . 195,118 228,999 12,323 103
Payments of long-term debt . . . . . . . . . . . . . . (143,258) (171,739) (238,144) (1,985)
Increase (decrease) in short-term borrowings . . 106,245 (78,104) (7,970) (66)
Increase in deposits from customers in
the banking business . . . . . . . . . . . . . . . . . . – 106,472 142,023 1,184
Proceeds from issuance of subsidiary
tracking stock . . . . . . . . . . . . . . . . . . . . . . . . – 9,529 ––
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . (22,774) (22,951) (22,871) (191)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (889) 12,834 21,505 179
Net cash provided by (used in)
financing activities . . . . . . . . . . . . . . . 134,442 85,040 (93,134) (776)
Effect of exchange rate changes on cash and
cash equivalents . . . . . . . . . . . . . . . . . . . . . . 21,020 21,036 (24,971) (208)
Net increase (decrease) in cash and
cash equivalents . . . . . . . . . . . . . . . . . . . . . . (18,819) 76,555 29,258 244
Cash and cash equivalents at
beginning of year . . . . . . . . . . . . . . . . . . . . . 626,064 607,245 683,800 5,698
Cash and cash equivalents at end of year . . . . ¥ 607,245 ¥ 683,800 ¥ 713,058 $ 5,942
Supplemental data:
Cash paid during the year for—
Income taxes. . . . . . . . . . . . . . . . . . . . . . . . ¥ 93,629 ¥ 148,154 ¥ 171,531 $ 1,429
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,806 35,371 22,216 185
Non-cash investing and financing activities—
Contribution of assets into an
affiliated company . . . . . . . . . . . . . . . . . . – ¥ 10,545 ––
*U.S. dollar amounts have been translated from yen, for convenience only, at the rate of ¥120=U.S.$1, the approximate Tokyo foreign exchange
market rate as of March 31, 2003.