Sony 2006 Annual Report Download - page 90

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88
Dollars in millions
Yen in millions (Note 3)
2004 2005 2006 2006
Cash flows from operating activities:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥088,511 ¥163,838 ¥123,616 $1,057
Adjustments to reconcile net income to net cash provided
by operating activities—
Depreciation and amortization, including amortization of
deferred insurance acquisition costs . . . . . . . . . . . . . . . . . . .
366,269 372,865 381,843 3,264
Amortization of film costs . . . . . . . . . . . . . . . . . . . . . . . . . . . .
305,786 276,320 286,655 2,450
Accrual for pension and severance costs, less payments . . . .
35,562 22,837 (7,563) (65)
Gain on the transfer to the Japanese Government of
the substitutional portion of employee pension fund,
net (Note 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
——(73,472) (628)
Loss on sale, disposal or impairment of assets, net
(Notes 10 and 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
35,495 27,994 73,939 632
Gain on sale or loss on devaluation of securities investments,
net (Notes 6 and 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,707 (1,722) (5,767) (49)
Gain on evaluation of marketable securities held in the
financial service business for trading purpose, net (Note 8) . .
(4,988) (5,246) (44,986) (384)
Gain on change in interest in subsidiaries and equity
investees (Note 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4,870) (16,322) (60,834) (520)
Deferred income taxes (Note 21) . . . . . . . . . . . . . . . . . . . . . . .
(34,445) (69,466) 80,115 684
Equity in net (income) losses of affiliated companies,
net of dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,732 (15,648) 9,794 84
Cumulative effect of an accounting change (Note 2) . . . . . . . .
2,117 4,713 ——
Changes in assets and liabilities:
(Increase) decrease in notes and accounts receivable,
trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(63,010) (22,056) 17,464 149
(Increase) decrease in inventories . . . . . . . . . . . . . . . . . . . . .
(78,656) 34,128 (164,772) (1,408)
Increase in film costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(299,843) (294,272) (339,697) (2,903)
Increase (decrease) in notes and accounts payable,
trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
93,950 31,473 (9,078) (78)
Increase (decrease) in accrued income and other taxes . . . .
(46,067) 3 29,009 248
Increase in future insurance policy benefits and other . . . . .
264,216 144,143 143,122 1,223
Increase in deferred insurance acquisition costs . . . . . . . . .
(71,219) (65,051) (51,520) (440)
(Increase) decrease in marketable securities held in the
financial service business for trading purpose . . . . . . . . . .
369 (26,096) (35,346) (302)
Increase in other current assets . . . . . . . . . . . . . . . . . . . . . .
(34,991) (29,699) (8,792) (75)
Increase in other current liabilities. . . . . . . . . . . . . . . . . . . . .
44,772 46,545 105,865 904
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27,238 67,716 (49,737) (425)
Net cash provided by operating activities . . . . . . . . . . .
¥632,635 ¥646,997 ¥399,858 $3,418
(Continued on following page)
Consolidated Statements of Cash Flows
Sony Corporation and Consolidated Subsidiaries—Years ended March 31