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 |