Consolidated Statements of Cash Flows
Daifuku Co., Ltd. and consolidated subsidiaries
For the years ended March 31, 2018 and 2017
| (Million yen) | ||
|---|---|---|
| March 31 | ||
| 2018 | 2017 | |
| Cash flows from operating activities: | ||
| Income before income taxes | 41,059 | 23,942 |
| Adjustments for: | ||
| Depreciation | 4,419 | 4,202 |
| Amortization of goodwill | 943 | 924 |
| Amortization of negative goodwill | (59) | (59) |
| Interest and dividend income | (612) | (534) |
| Interest expenses | 373 | 415 |
| Loss (gain) on disposal or sales of property, plant and equipment | 82 | (371) |
| Decrease (increase) in notes and accounts receivable | (37,923) | 3,984 |
| Decrease (increase) in inventories | (4,155) | (1,147) |
| Increase (decrease) in notes and accounts payable | 9,464 | 2,855 |
| Increase (decrease) in advances received on uncompleted construction contracts | (4,462) | 4,038 |
| Other, net | 5,275 | (473) |
| Subtotal | 14,403 | 37,775 |
| Interest and dividend received | 610 | 532 |
| Interest paid | (372) | (411) |
| Income taxes refund (paid) | (3,493) | (11,373) |
| Other, net | 350 | 161 |
| Net cash provided by (used in) operating activities | 11,497 | 26,683 |
| Cash flows from investing activities: | ||
| Investments in time deposits | 0 | (3) |
| Proceeds from refund of time deposits | 3 | 86 |
| Payments for purchase of property, plant and equipment | (6,417) | (6,399) |
| Proceeds from sales of property, plant and equipment | 740 | 1,121 |
| Payments for purchase of investments in securities | (24) | (24) |
| Collection of loans receivable | 10 | 5 |
| Other, net | 88 | (180) |
| Net cash provided by (used in) investing activities | (5,600) | (5,393) |
| Cash flows from financing activities: | ||
| Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation |
0 | (35) |
| Increase (decrease) in short-term borrowings, net | (1,400) | 67 |
| Proceeds from long-term borrowings | 15,100 | 928 |
| Repayment of long-term borrowings | (15,605) | (1,363) |
| Proceeds from issuance of new shares | 16,697 | — |
| Proceeds from disposal of treasury stock | 5,621 | 169 |
| Payments for purchase of treasury stock | (15) | (5) |
| Payments of cash dividends | (6,695) | (3,896) |
| Other, net | (256) | (268) |
| Net cash provided by (used in) financing activities | 13,444 | (4,404) |
| Effect of exchange rate change on cash and cash equivalents | 1,018 | (1,179) |
| Net increase (decrease) in cash and cash equivalents | 20,361 | 15,706 |
| Cash and cash equivalents at beginning of year | 64,790 | 49,084 |
| Cash and cash equivalents at end of year | 85,152 | 64,790 |
