Suzuki 2004 Annual Report Download - page 28

SUZUKI MOTOR CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended March 31, 2004 and 2003
Cash Flows from operating activities
Income before income taxes..................................... ¥ 78,872 ¥ 62,269 $ 746,258
Depreciation and amortization expenses ................. 87,858 —831,282
Loss of impairment .................................................... 17,419 83,896 164,817
Equity in earnings of affiliates ................................... (4,024) (5,118) (38,075)
Increase (decrease) in accrued retirement & severance benefits 985 (5,425) 9,325
Interest and dividend income ................................... (8,258) (7,405) (78,142)
Interest expense ........................................................ 4,286 3,615 40,559
(Increase) decrease in accounts receivable ............ (14,114) 12,093 (133,548)
(Increase) decrease in inventories............................ 14,364 (10,218) 135,907
Increase in accounts payable ................................... 2,136 24,792 20,211
Others ........................................................................ 13,125 23,831 124,193
Sub Total 192,650 182,329 1,822,789
Interest and dividends received ............................... 8,466 6,702 80,105
Interest paid .............................................................. (4,448) (3,684) (42,088)
Income taxes paid ..................................................... (62,094) (39,271) (587,510)
Net cash provided by operating activities 134,574 146,075 1,273,295
Cash Flows from investing activities
Deposit in time deposit .............................................. (25,652) —(242,714)
Purchases of marketable securities........................... (95,376) (68,943) (902,422)
Proceeds from sales of marketable securities........... 52,183 116,024 493,738
Purchases of property, plants and equipment .......... (76,061) (78,592) (719,665)
Proceeds from sales of property, plants and equipment 2,695 2,906 25,504
Purchases of investment securities ........................... (3,375) (55,885) (31,939)
Proceeds from sales of investment securities ........... 6,216 9,564 58,816
Increase in loans receivable ...................................... (947) (5,596) (8,966)
Purchases of subsidiaries' stock
resulting in the change of scope of consolidation... (499) (17,260) (4,725)
Others ........................................................................ (161) (582) (1,523)
Net cash used in investing activities (140,979) (98,365) (1,333,897)
Cash Flows from financing activities
Net decrease in short term bank loans ..................... (28,407) (21,702) (268,779)
Proceeds from long term debt and issuance of bonds 818 508 7,742
Repayment from long term debt and redemption of bonds (5,694) (893) (53,875)
Cash dividends paid ................................................. (5,513) (5,126) (52,164)
Purchases of treasury stock ...................................... (536) (7,923) (5,073)
Others ........................................................................ 445 329 4,216
Net cash used in financing activities (38,886) (34,808) (367,934)
Effect of exchange rate change on cash and cash equivalents (2,402) 130 (22,729)
Cash and cash equivalents increased (decreased) (47,694) 13,032 (451,266)
Cash and cash equivalents at the beginning of year 238,473 223,017 2,258,907
Decrease by change of consolidation period of subsidiaries (2,789) —(26,393)
Increase by inclusion of newly consolidated subsidiaries —2,693 —
Cash and cash equivalents at the end of year ¥ 188,259 ¥238,743 $1,781,246
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Thousands of
U.S. dollars
SUZUKI MOTOR CORPORATION
AND CONSOLIDATED SUBSIDIARIES 2004 2003 2004
Millions of yen
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