Consolidated Statements of Cash Flows
| [Unit: Million yen] | |||||
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | |
|---|---|---|---|---|---|
| Cash fl ows from operating activities: | |||||
| Profit before income taxes | 32,999 | 37,861 | 39,323 | (14,688) | 30,853 |
| Depreciation | 56,137 | 59,022 | 61,283 | 61,258 | 60,853 |
| Loss on impairment of fixed assets | - | - | - | 15,205 | 715 |
| Loss on devaluation of stocks of subsidiaries and affiliates | - | - | - | 1,444 | - |
| Increase (decrease) in allowance for doubtful accounts | 1,093 | (667) | 238 | (343) | (110) |
| Increase (decrease) in provision for sales promotion expenses | - | 14 | 707 | (5085) | 153 |
| Increase (decrease) in provision for bonuses | (387) | 1,245 | 889 | (3,819) | 5,566 |
| Increase (decrease) in provision for construction warranties | 814 | 100 | 1,412 | (1,938) | 2,083 |
| Increase (decrease) in provision for loss on construction contracts | 11,029 | 9,336 | (16,133) | 2,788 | (4,838) |
| Increase (decrease) in employees' retirement and severance benefits | - | - | - | - | - |
| Increase (decrease) in retirement benefit liability | 13,324 | 11,982 | 10,574 | 11,611 | 4,778 |
| Increase (decrease) in provision for the in-service issues of commercial aircraft jet engines | - | 11,468 | 15,689 | (9,705) | (2,930) |
| Interest and dividend income | (1,011) | (1,203) | (983) | (2,839) | (1,972) |
| Interest expenses | 2,794 | 3,427 | 3,615 | 3,790 | 3,398 |
| Share of loss (profit) of entities accounted for using equity method | (4,492) | (1,574) | (1,255) | (411) | 14,412 |
| Loss (gain) on sales of non-current assets | (2,606) | - | (1,277) | (3,236) | (1,633) |
| Gain on transfer of business | - | - | - | - | - |
| Gain on sales of shares of subsidiaries and affiliates | - | - | - | (1581) | - |
| Loss on overseas business | - | - | - | - | - |
| Losses from the termination of a shipbuilding contract for an offshore service vessel | - | 12,833 | - | - | - |
| Decrease (increase) in notes and accounts receivable—trade | (35,516) | 58,985 | (46,753) | 23,267 | 25,995 |
| Decrease (increase) in inventories | (26,443) | (65,383) | (48,068) | (26,374) | (39,039) |
| Increase (decrease) in notes and accounts payable—trade | 21,569 | 6,829 | 2,401 | (16,784) | (15,067) |
| Decrease (increase) in advance payments | 6,103 | 1,202 | 3,326 | (132) | (31,724) |
| Increase (decrease) in advances received | (10,092) | (14,013) | (31,827) | 4,209 | 92,098 |
| Decrease (increase) in other current assets | (22,937) | (1,557) | (8,986) | 8,900 | (28,723) |
| Increase (decrease) in other current liabilities | 8,644 | 2,299 | 19,011 | 2,988 | 43,354 |
| Other, net | (789) | 1,192 | (3,079) | (5,570) | (623) |
| Subtotal | 63,066 | 120,553 | (600) | 42,953 | 157,599 |
| Interest and dividend income received | 4,166 | 3,859 | 2,500 | 6,370 | 2,629 |
| Interest expenses paid | (2,795) | (3,439) | (3,630) | (3,646) | (3,634) |
| Income taxes paid | (8,386) | (11,211) | (13,731) | (5,570) | (12,164) |
| Net cash provided by (used in) operating activities | 56,050 | 109,762 | (15,461) | 34,601 | 144,430 |
| Cash flows from investing activities: | |||||
| Purchase of property, plant and equipment and intangible assets | (82,238) | (82,836) | (71,947) | (51,692) | (62,399) |
| Proceeds from sales of property, plant and equipment and intangible assets | 6,452 | 605 | 6,087 | 13,656 | 5,556 |
| Purchase of investment securities | (512) | (1,025) | (935) | (1,042) | (2,114) |
| Proceeds from sales of investment securities | 342 | 989 | 1,232 | 1,407 | 5,717 |
| Purchase of shares of subsidiaries and associates | (3,408) | (3,818) | (5,400) | (97) | (11) |
| Proceeds from sales of investments in subsidiaries and affiliates | - | - | - | 1,927 | - |
| Acquisition of investments in subsidiaries and affiliates | - | - | - | - | - |
| Proceeds from sales of business | - | - | - | - | - |
| Other, net | (1,226) | 741 | 1,562 | (1,551) | 714 |
| Net cash provided by (used in) investing activities | (80,590) | (85,344) | (69,401) | (37,392) | (52,537) |
| Cash flows from financing activities: | |||||
| Net increase (decrease) in short-term loans payable | 16,363 | (10,866) | 103,758 | (28,409) | (74,242) |
| Proceeds from long-term loans payable | 64,363 | 34,772 | 24,348 | 27,310 | 15,500 |
| Repayments of long-term loans payable | (42,694) | (30,709) | (28,938) | (22,297) | (17,001) |
| Proceeds from issuance of bonds | 20,000 | 20,000 | 40,000 | 60,000 | 10,000 |
| Redemption of bonds | (10,000) | (20,000) | (10,000) | (20,000) | (30,000) |
| Cash dividends paid | (8,375) | (10,868) | (11,710) | (59) | (3,384) |
| Dividends paid to non-controlling interests | (1,433) | (1,950) | (989) | (960) | (913) |
| Other, net | (454) | (149) | (664) | 7,509 | (2,303) |
| Net cash provided by (used in) financing activities | 37,770 | (19,771) | 115,803 | 23,093 | (102,345) |
| Effect of exchange rate change on cash and cash equivalents | 410 | (696) | 3,520 | (682) | (3,202) |
| Net increase (decrease) in cash and cash equivalents | 13,640 | 3,949 | 34,461 | 19,619 | (13,654) |
| Cash and cash equivalents at beginning of period | 50,722 | 64,362 | 68,084 | 102,546 | 122,166 |
| Decrease in cash and cash equivalents arising from exclusion of consolidated subsidiaries | (438) | - | - | - | - |
| Increase (decrease) in cash and cash equivalents due to changes in fiscal period of consolidated subsidiaries | - | - | - | - | - |
| Total | 64,362 | 68,311 | 102,546 | 122,166 | 108,511 |
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