Sony MPK-THC User Manual
100
Dollars in millions
Yen in millions
(Note 3)
2002
2003
2004
2004
Cash flows from operating activities:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥ 15,310
¥115,519
¥ 88,511
$ 851
Adjustments to reconcile net income to net cash provided by operating activities—
Depreciation and amortization, including amortization of deferred insurance
acquisition costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
354,135
351,925
366,269
3,522
Amortization of film costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
242,614
312,054
305,786
2,940
Accrual for pension and severance costs, less payments . . . . . . . . . . . . . . . .
14,995
37,858
35,562
342
Loss on sale, disposal or impairment of assets, net (Notes 9 and 17) . . . . . .
49,862
39,941
35,495
341
Gain on sales of securities investments, net (Notes 6 and 7) . . . . . . . . . . . . .
(1,398)
(72,552)
(11,774)
(113)
Gain on issuances of stock by subsidiaries and equity investees (Note 19) . .
(503)
–
(4,870)
(47)
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(49,719)
(98,016)
(34,445)
(331)
Equity in net income of affiliated companies, net of dividends . . . . . . . . . . .
37,537
46,692
1,732
17
Cumulative effect of accounting changes (Note 2) . . . . . . . . . . . . . . . . . . . .
(5,978)
–
2,117
20
Changes in assets and liabilities:
(Increase) decrease in notes and accounts receivable, trade . . . . . . . . . . .
111,301
174,679
(63,010)
(606)
(Increase) decrease in inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
290,872
36,039
(78,656)
(756)
Increase in film costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(236,072)
(317,953)
(299,843)
(2,883)
Increase (decrease) in notes and accounts payable, trade . . . . . . . . . . . . .
(172,626)
(58,384)
93,950
903
Increase (decrease) in accrued income and other taxes . . . . . . . . . . . . . . .
(39,589)
14,637
(46,067)
(443)
Increase in future insurance policy benefits and other . . . . . . . . . . . . . . .
314,405
233,992
264,216
2,541
Increase in deferred insurance acquisition costs . . . . . . . . . . . . . . . . . . . .
(71,522)
(66,091)
(71,219)
(685)
Increase in marketable securities held in the insurance business
for trading purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(55,661)
–
–
–
(Increase) decrease in other current assets . . . . . . . . . . . . . . . . . . . . . . . .
5,543
29,095
(34,991)
(336)
Increase (decrease) in other current liabilities . . . . . . . . . . . . . . . . . . . . . .
(19,418)
26,205
44,772
431
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(46,492)
48,148
39,100
375
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . .
¥737,596
¥853,788
¥632,635
$6,083
(Continued on following page.)
Consolidated Statements of Cash Flows
Sony Corporation and Consolidated Subsidiaries – Year ended March 31