Sony 2015 Annual Report Download - page 75

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Information on Cash Flows Separating Out the Financial Services Segment
The following charts show Sony’s cash flow information for the Financial Services segment alone, and for
all segments, excluding the Financial Services segment. These separate condensed presentations are not required
or prepared under U.S. GAAP, which is used in Sony’s consolidated financial statements. However, because the
Financial Services segment is different in nature from Sony’s other segments, Sony utilizes this information to
analyze its results without the Financial Services segment and believes that these presentations may be useful in
understanding and analyzing Sony’s consolidated financial statements. Transactions between the Financial
Services segment and Sony without the Financial Services segment, including noncontrolling interests, are
included in those respective presentations, and then eliminated in the consolidated figures shown below.
Fiscal year ended March 31
Financial Services segment 2014 2015
(Yen in millions)
Net cash provided by operating activities 413,555 459,719
Net cash used in investing activities (616,223) (536,920)
Net cash provided by financing activities 241,450 44,396
Net increase (decrease) in cash and cash equivalents 38,782 (32,805)
Cash and cash equivalents at beginning of the fiscal year 201,550 240,332
Cash and cash equivalents at end of the fiscal year 240,332 207,527
Fiscal year ended March 31
Sony without the Financial Services segment 2014 2015
(Yen in millions)
Net cash provided by operating activities 257,224 303,659
Net cash used in investing activities (94,279) (103,630)
Net cash used in financing activities (40,236) (315,415)
Effect of exchange rate changes on cash and cash equivalents 58,614 51,138
Net increase (decrease) in cash and cash equivalents 181,323 (64,248)
Cash and cash equivalents at beginning of the fiscal year 624,811 806,134
Cash and cash equivalents at end of the fiscal year 806,134 741,886
Fiscal year ended March 31
Consolidated 2014 2015
(Yen in millions)
Net cash provided by operating activities 664,116 754,640
Net cash used in investing activities (710,502) (639,636)
Net cash provided (used) by financing activities 207,877 (263,195)
Effect of exchange rate changes on cash and cash equivalents 58,614 51,138
Net increase (decrease) in cash and cash equivalents 220,105 (97,053)
Cash and cash equivalents at beginning of the fiscal year 826,361 1,046,466
Cash and cash equivalents at end of the fiscal year 1,046,466 949,413
B. Liquidity and Capital Resources
The description below covers basic financial policy and figures for Sony’s consolidated operations except
for the Financial Services segment, which secures liquidity on its own. Furthermore, the Financial Services
segment is described separately at the end of this section.
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