| U.S. dollars | ||||
| Yen | (thousands) | |||
| (millions) | (Note 2) | |||
| ___________________________ | __________ | |||
| Years ended March 31 | 1993 | 1994 | 1995 | 1995 |
|---|---|---|---|---|
| Cash flows from operating activities: | __________ | __________ | __________ | __________ |
| Income (loss) before income taxes | (9,758) | 26,227 | 85,371 | 959,225 |
| Adjustments to reconcile income (loss) before income taxes to net cash from operating activities: | ||||
| Depreciation and amortization | 259,903 | 221,900 | 211,805 | 2,379,831 |
| Accrual for severance indemnities, less payments | 10,150 | 9,103 | 11,700 | 131,461 |
| Provision for loss on repurchase of computers | 85,993 | 60,181 | 62,029 | 696,955 |
| Reversal of provision for loss on repurchase of computers | (75,706) | (75,020) | (70,733) | (794,753) |
| Interest charges | 83,055 | 64,580 | 55,454 | 623,079 |
| Interest and dividend income | (21,601) | (15,441) | (13,858) | (155,708) |
| Gain on sales of marketable securities | (14,576) | (30,646) | - | - |
| Loss on disposal of fixed assets | 5,667 | 4,565 | 6,333 | 71,157 |
| (Increase) decrease in receivables, trade | (12,047) | 73,739 | 2,880 | 32,359 |
| (Increase) decrease in inventories | 103,510 | 29,733 | (65,242) | (733,056) |
| (Increase) decrease in other current assets | (73) | 6,181 | (17,377) | (195,247) |
| Increase (decrease) in payables, trade | (28,694) | (17,204) | 58,175 | 653,652 |
| Increase (decrease) in other current liabilities | 11,474 | (18,643) | 17,806 | 200,067 |
| Other, net | 5,958 | (3,867) | 1,063 | 11,944 |
| Cash generated from operations | 403,255 | 335,388 | 345,406 | 3,880,966 |
| Interest paid | (82,732) | (64,983) | (64,493) | (724,641) |
| Interest received | 19,187 | 13,119 | 11,188 | 125,708 |
| Dividends received | 1,738 | 2,539 | 2,203 | 24,753 |
| Income taxes paid | (28,602) | (28,590) | (42,707) | (479,854) |
| Net cash from operating activities | 312,846 | 257,473 | 251,597 | 2,826,932 |
| Cash flows from investing activities: | ||||
| Acquisitions of property, plant and equipment | (225,416) | (164,033) | (228,293) | (2,565,090) |
| Proceeds from sales of equipment | 1,996 | 3,766 | 3,312 | 37,214 |
| Increase in investments and long-term loans | (46,071) | (40,116) | (5,262) | (59,124) |
| Proceeds from sales of marketable securities | 20,874 | 56,607 | - | - |
| Increase in short-term investments | (2,764) | (13,047) | (5,875) | (66,011) |
| Other, net | (11,640) | (3,782) | (1,661) | (18,663) |
| Net cash used in investing activities | (263,021) | (160,605) | (237,779) | (2,671,674) |
| Cash flows from financing activities: | ||||
| Proceeds from long-term debt | 69,433 | 191,883 | 184,722 | 2,075,528 |
| Repayment of long-term debt | (112,012) | (178,683) | (181,788) | (2,042,562) |
| Decrease in short-term borrowings | (3,891) | (95,585) | (2,276) | (25,573) |
| Proceeds from issuance of common stock to minority interests | 711 | 1,384 | 16,497 | 185,360 |
| Dividends paid | (18,130) | (10,883) | (18,166) | (204,112) |
| Other, net | (1,333) | 136 | (676) | (7,596) |
| Net cash used in financing activities | (65,222) | (91,748) | (1,687) | (18,955) |
| Effect of exchange rate changes on cash and cash equivalents | (10,748) | (5,058) | (4,368) | (49,079) |
| Net increase (decrease) in cash and cash equivalents | (26,145) | 62 | 7,763 | 87,224 |
| Cash and cash equivalents at beginning of year | 407,371 | 381,226 | 381,288 | 4,284,135 |
| Cash and cash equivalents at end of year | 381,226 | 381,288 | 389,051 | 4,371,359 |
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