Consolidated Statement of Cash Flows

  • Text Size:SML
  • Print

    Consolidated Statement of Cash Flows (XLS/46KB)

    (Unit: million yen)

    FY2017 (IFRS) FY2018 (IFRS) FY2019 (IFRS)
    Cash flows from operating activities
    Profit before income tax 39,232 182,624 -32,660
    Depreciation, amortization and impairment loss 279,151 198,761 323,967
    Finance income and costs 7,286 5,824 2,324
    Other comprehensive income -2,670 -10,937 -12,898
    Loss (gain) on sale of property, plant and equipment, and intangible assets -1,693 -41,218 -978
    Loss on retirement of property, plant and equipment, and intangible assets 7,022 6,519 7,842
    Decrease (increase) in trade receivables -9,135 34,863 65,082
    Decrease (increase) in contract assets 4,066 115,185 46,447
    Decrease (increase) in inventories 99,260 17,229 39,162
    Increase (decrease) in trade payables 64,385 51,014 -27,859
    Increase (decrease) in contract liabilities 79,649 -33,589 -34,185
    Increase (decrease) in provisions -48,302 46,578 -12,559
    Increase (decrease) in liability for retirement benefits 11,033 2,162 -126
    Decrease (increase) in indemnification assets of South African projects -40,410 -110,615 131,777
    Others -57,778 -15,480 8,715
    Subtotal 431,098 448,924 504,051
    Interest received 4,032 5,149 7,218
    Dividends received 17,438 15,232 14,903
    Interest paid -8,456 -6,664 -10,444
    Income taxes paid -38,360 -57,718 -63,164
    Net cash provided by operating activities 405,752 404,924 452,564
    Cash flows from investing activities
    Purchases of property, plant and equipment and intangible assets -267,103 -224,263 -246,291
    Proceeds from sales of property, plant and equipment and intangible assets 8,231 43,509 31,133
    Purchases of investments (including investments accounted for using equity method) -105,442 -8,547 -13,924
    Proceeds from sales and redemption of investments (including investments accounted for using equity method) 114,089 26,975 23,981
    Payments for acquisition of subsidiaries - - -28,733
    Proceeds from sale of subsidiaries - - 1,652
    Net decrease (increase) in short-term loans - - 201
    Disbursement of long-term loans -1,993 -5,088 -807
    Collection of long-term loans 15,898 3,167 237
    Others -1,872 2,377 -7,015
    Net cash used in investing activities -238,193 -161,869 -239,566
    Cash flows from financing activities
    Net increase (decrease) in current borrowings 25,446 -60,613 -19,800
    Proceeds from non-current borrowings 3,859 7,039 65,341
    Repayment of non-current borrowings -96,841 -68,439 -45,506
    Proceeds from issuance of bonds 20,000 - -
    Payment for redemption of bonds -60,000 -30,000 -65,000
    Proceeds from issuance of stock to non-controlling shareholders 519 1,749 19
    Payments for acquisition of interests in subsidiaries from non-controlling interests - - -13,908
    Dividends paid to owners of parent -40,206 -41,888 -46,933
    Dividends paid to non-controlling interests -6,128 -7,781 -5,837
    Proceeds from factoring agreements 209,031 169,271 145,264
    Repayment of liabilities under factoring agreements -166,146 -218,519 -192,502
    Payment for lease liabilities - - -23,256
    Others -1,868 -6,394 -2,332
    Net cash provided by (used in) financing activities -112,334 -255,577 -204,452
    Effect of exchange rate changes on cash and cash equivalents 1,607 -3,478 -10,153
    Net increase (decrease) in cash and cash equivalents 56,832 -16,001 -1,608
    Cash and cash equivalents at the beginning of the year 242,404 299,237 283,235
    Cash and cash equivalents at the end of period 299,237 283,235 281,626

    Consolidated Statements of Cash Flow (JGAAP) for FY 2013-2017

    (Unit: million yen)

    FY2013 FY2014 FY2015 FY2016 FY2017
    Cash flows from operating activities
    Income before income taxes 214,421 232,697 132,682 169,718 128,042
    Depreciation and amortization 134,970 157,010 158,706 172,762 176,104
    Impairment loss 6,910 - 3,393 - 3,174
    Amoritization of goodwill 5,792 11,937 11,416 16,568 16,484
    Increase (decrease) in reserve for retirement allowance -51,904 - - - -
    Increase (decrease) in liability for retirement benefit 57,022 -2,409 -7,820 -1,093 6,612
    Interest and dividend income -6,780 -12,864 -15,577 -15,437 -16,366
    Interest expense 15,629 15,365 13,338 11,461 9,036
    Foreign exchange loss (gain) - - 22,856 -8,337 -2,239
    (Income) loss from equity method investments -1,492 14,128 -5,647 22,845 -3,230
    (Gain) loss on changes in equity interest -130,661 -17,157 - - -
    (Gain) loss on sales of investment securities -13,360 -10,787 - -61,047 -31,303
    Loss on revaluation of investment securities - - - 6,272 372
    (Gain) loss on sales of fixed assets -11,256 -3,960 -5,663 -53,861 -1,693
    Loss on disposal of fixed assets 5,999 6,312 12,959 7,627 7,022
    Gain on negative goodwill -4,928 - -6,867 - -45
    Gain on revision of retirement benefit plan - - -2,208 - -
    Business structure improvement expenses 57,907 16,449 47,251 12,810 14,548
    Loss on passenger vessel construction business reserve 64,126 69,534 103,911 34,323 -
    Gain on return of assets from retiement benefits trust - -11,986 - - -
    (Increase) decrease in receivables -73,900 29,145 75,764 -11,002 -42,093
    (Increase) decrease in inventories and advances to suppliers -15,599 -156,049 -116,847 -121,023 126,965
    (Increase) decrease in other assets -6,590 -8,798 -202,252 -117,552 -110,734
    Increase (decrease) in payables 31,303 5,373 -3,228 -14,261 41,733
    Increase (decrease) in advance payments received on contracts 42,685 24,934 107,093 39,375 118,648
    Increase (decrease) in other liabilities -22,820 -17,341 -4,214 52,556 -54,039
    Others 27,333 2,507 -3,765 -3 -15,908
    Subtotal 324,807 344,040 315,280 142,703 371,089
    Interest and dividends received 7,854 18,905 18,393 20,270 21,470
    Interest paid -16,103 -15,960 -13,800 -12,185 -8,456
    Income taxes paid -20,342 -134,151 -49,870 -54,875 -38,994
    Net cash provided by operating activities 296,216 212,834 270,002 95,913 345,109
    Cash flows from investing activities
    Net (increase) decrease in time deposits 53 -2,230 -2,180 2,521 -5,849
    Purchases of property, plant, equipment and intangible assets -158,198 -163,402 -161,160 -200,185 -165,168
    Proceeds from sales of property, plant, equipment and intangible assets 19,345 14,378 12,535 97,013 8,231
    Purchases of investment securities -27,630 -50,319 -13,112 -5,033 -104,514
    Proceeds from sales and redemption of investment securities 19,623 29,758 11,055 17,376 112,122
    Purchase of investments in subsidiaries resulting in change in scope of consolidation -50,319 - -105,425 - -
    Proceeds from purchase of investments in subsidiaries resulting in change in scope of consolidation 3,398 - 9,574 - -
    Proceeds from sales of investments in subsidiaries resulting in change in scope of conslidation - 2,573 - 102,436 1,900
    Payment for sales of investments in subsidiaries resulting in change in scope of consolidation - - -6,369 -849 -928
    Proceeds from sales of investments in subsidiaries 29,700 - - - -
    Payments for transfer of business - - -2,708 - 1,400
    Disbursement of long-term loans -12,886 -18,275 -6,240 -10,996 -1,993
    Collection of long-term loans 26,607 15,498 4,259 13,868 15,898
    Others -1,249 -2,130 -2,706 -7,440 1,719
    Net cash used in investing activities -151,555 -174,149 -262,479 8,712 -137,181
    Cash flows from financing activities
    Net increase (decrease) in short-term borrowings and commercial papers -7,251 57,256 20,506 -132,340 25,963
    Proceeds from long-term borrowings 59,694 97,115 44,889 60,206 6,449
    Repayment of long-term borrowings -153,072 -188,683 -58,859 -62,804 -96,841
    Proceeds from issuance of bonds 45,000 70,000 20,000 30,000 20,000
    Payment for redemption of bonds -50,000 -70,000 - -20,000 -60,000
    Proceeds from issuance of stock to non-controlling stockholders 3,431 25,228 4,144 445 519
    Dividends paid to stockholders -30,107 -30,139 -40,269 -40,283 -40,206
    Dividends paid to non-controlling stockholders -1,682 -4,133 -10,494 -2,682 -6,128
    Purchase of investments in subsidiaries resulting in no change in scope of consolidation - - -571 - -
    Others -2,681 -2,516 -2,452 5,381 -1,868
    Net cash used in financing activities -136,669 -45,872 -23,106 -162,078 -152,113
    Effect of exchange rate changes on cash and cash equivalents -11,450 -945 -35,194 1,060 1,607
    Net increase (decrease) in cash and cash equivalents -3,459 -8,133 -50,778 -56,392 57,422
    Cash and cash equivalents at beginning of year 319,426 370,710 357,349 300,267 242,404
    Increase in cash and cash equivalents due to changes in scope of consolidation 27,957 - 649 - 2
    Decrease in cash and cash equivalents due to changes in scope of consolidation - -10,845 -6,953 -1,470 -592
    Increase in cash and cash equivalents from corporate partition 26,787 5,617 - - -
    Cash and cash equivalents at end of year 370,710 357,349 300,267 242,404 299,237