Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

(unit: million yen)

For the years ended march 31 2016 2017 2018 2019 2020
1. Net cash provided by (used in) operating activities
Profit before income taxes 155,768 69,010 114,784 117,248 67,566
Depreciation 141,930 160,871 161,093 157,574 165,410
Amortization of long-term prepaid expenses 3,256 3,433 4,248 4,306 4,263
Loss on retirement of property, plant and equipment 3,050 2,047 1,845 2,248 2,164
Increase (decrease) in allowance for doubtful accounts -162 -126 513 277 -573
Increase (decrease) in net defined benefit liability -1,110 -3,374 -12,461 1,039 5,206
Increase (decrease) in reserve for safety measures -4,242 4,245 -1,596 -1,338 -1,182
Interest and dividends income -2,494 -3,080 -4,125 -4,425 -7,763
Interest expenses 12,158 11,514 11,619 11,091 11,412
Decrease (increase) in notes and accounts receivable - trade 47,350 4,286 -20,602 -46,191 52,646
Decrease (increase) in inventories 28,117 3,700 -4,948 -18,336 172
Increase (decrease) in notes and accounts payable - trade -22,993 17,567 -631 -5,321 8,952
Increase (decrease) in accrued consumption taxes -2,436 -4,326 3,000 -3,002 7,979
Other, net 51,230 3,494 28,516 -45,869 18,296
Subtotal 409,422 269,261 281,258 169,300 334,549
Interest and dividends income received 11,954 14,593 12,295 9,387 14,510
Interest expenses paid -12,547 -11,509 -11,502 -10,809 -11,087
Income taxes paid -54,170 -33,610 -22,312 -26,571 -31,676
Net cash provided by (used in) operating activities 354,658 238,734 259,738 141,306 306,296
3. Net cash provided by (used in) financing activities
Purchase of investment securities -1,850 -9,922 -47,898 -17,603 -23,989
Purchase of property, plant and equipment -195,060 -165,918 -177,671 -168,144 -177,664
Purchase of intangible assets -26,131 -29,542 -27,638 -39,491 -41,908
Purchase of long-term prepaid expenses -10,683 -8,322 -1,653 -8,561 -2,183
Proceeds from sales of noncurrent assets 858 7,124 3,799 25,050 1,181
Others -3,540 1,708 3,901 5,287 -26,233
Net cash provided by (used in) investing activities -236,406 -204,873 -247,162 -203,462 -270,798
3. Net cash provided by (used in) financing activities
Net increase(decrease) in short-term loans payable -2,011 -6,260 -2,645 -1,466 21
Increase(decrease) in commercial papers - - - 10,000 -10,000
Proceeds from bonds and long-term loans payable 51,701 52,670 80,471 129,354 161,542
Repayments of bonds and long-term loans payable -61,812 -47,682 -62,065 -63,726 -73,390
Cash dividends paid* -24,173 -26,969 -25,187 -24,936 -27,839
Proceeds from stock issuance to non-controlling shareholders -3,581 - - - -
Payments to non-controlling shareholders on account of capital reduction - - 2,034 - -
Purchase of treasury stock -33,939 -41,065 -7,082 -20,051 -24,038
Other, net -1,600 -1,591 -2,175 -1,544 -3,123
Net cash provided by (used in) financing activities -75,418 -70,899 -16,651 27,628 23,171
4. Effect of exchange rate changes on cash and cash equivalents -1,065 -498 -220 -710 -489
5. Net increase(decrease) in cash and cash of equivalents 41,769 -37,536 -4,294 -35,238 58,179
6. Cash and cash equivalents at beginning of period 128,333 170,102 132,566 128,271 93,032
7. Increase(decrease)in cash and cash equivalents from newly consolidated subsidiary and merger - - - - 6
8. Cash and cash equivalents at end of period 170,102 132,566 128,271 93,032 151,218

* Some items in the accompanying financial statements have been summarized to preserve simplicity. Such changes are unaudited.

* Different from the amount of cash dividends paid on a fiscal year accounting basis.