Sony 2010 Annual Report Download - page 57

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54
Yen in millions
2008 2009 2010
Cash flows from operating activities:
Net income (loss) .................................................
363,656 (102,214) 12,954
Adjustments to reconcile net income (loss) to net cash provided
by operating activities—
Depreciation and amortization, including amortization of deferred insurance
acquisition costs ...............................................
428,010 405,443 371,004
Amortization of film costs ..........................................
305,468 255,713 277,665
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,130 3,446 2,202
Accrual for pension and severance costs, less payments . . . . . . . . . . . . . . . . .
(17,589) 16,654 (9,763)
(Gain) loss on sale, disposal or impairment of assets, net . . . . . . . . . . . . . . . . .
(37,841) 38,308 42,988
(Gain) loss on sale or devaluation of securities investments, net . . . . . . . . . . . .
7,583 3,146 (7,007)
(Gain) loss on revaluation of marketable securities held in the financial service
business for trading purpose, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
56,543 77,952 (49,837)
(Gain) loss on revaluation or impairment of securities investments held
in the financial service business, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
60,107 101,114 (53,984)
Gain on initial public offering of Sony Financial Holdings . . . . . . . . . . . . . . . . . .
(81,040) — —
Deferred income taxes ............................................
20,040 (153,262) (34,740)
Equity in net (income) losses of affiliated companies, net of dividends . . . . . . . .
(13,527) 65,470 36,183
Changes in assets and liabilities:
(Increase) decrease in notes and accounts receivable, trade . . . . . . . . . . . . .
185,651 218,168 (53,306)
(Increase) decrease in inventories ..................................
(140,725) 160,432 148,584
Increase in film costs ...........................................
(353,343) (264,412) (296,819)
Increase (decrease) in notes and accounts payable, trade . . . . . . . . . . . . . . .
(235,459) (375,842) 262,032
Increase (decrease) in accrued income and other taxes . . . . . . . . . . . . . . . . .
138,872 (163,200) 63,619
Increase in future insurance policy benefits and other ...................
166,356 174,549 284,972
Increase in deferred insurance acquisition costs .......................
(62,951) (68,666) (71,999)
Increase in marketable securities held in the financial service
business for trading purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(57,271) (26,088) (8,335)
(Increase) decrease in other current assets ...........................
(24,312) 134,175 (32,405)
Increase (decrease) in other current liabilities . . . . . . . . . . . . . . . . . . . . . . . . .
51,838 (105,155) 5,321
Other .........................................................
(6,512) 11,422 23,578
Net cash provided by operating activities. . . . . . . . . . . . . . . . . . . . . . . . .
757,684 407,153 912,907
(Continued on following page)
Consolidated Statements of Cash Flows
Sony Corporation and Consolidated Subsidiaries—Years ended March 31