UNIQLO Operations - TextilWirtschaft

Consolidated Statements of Cash Flows
FAST RETAILING CO., LTD. and consolidated subsidiaries
For the Years Ended August 31, 2007, 2006 and 2005
Thousands of
Millions of Yen U.S. Dollars (note 1)
2007 2006 2005 2007
Cash flows from operating activities:
Income before income taxes and minority interests
Adjustments to reconcile income before income taxes and
minority interests to net cash provided by operating activities:
¥062,713 ¥072,752 ¥058,015 $0,540,303
Depreciation and amortization 6,567 5,364 3,681 56,578
Impairment loss 2,118 228 — 18,248
Amortization of goodwill
Equity in (income) losses of affiliates accounted for
4,254 1,150 4,254 36,650
under equity method, net 2,078 (274) (1,086) 17,903
Gain on change in shares of an affiliated company — — (2,612) —
Decrease in allowance for doubtful accounts
Increase (decrease) in accrued retirement
(263) (248) (158) (2,266)
and severance obligations (55) 79 (11) (474)
Interest and dividend income (1,314) (1,045) (790) (11,321)
Interest expenses 1,775 853 344 15,292
Foreign currency exchange gain (608) (160) (40) (5,238)
Loss on disposal of fixed assets 650 861 244 5,600
Gain on sales of fixed assets (1,409) — — (12,139)
Gain on forgiveness of subsidiary debt — (837) (3,212) —
Increase in trade receivables (1,132) (2,108) (626) (9,753)
(Increase) decrease in inventories (11,809) (4,465) 1,456 (101,740)
(Increase) decrease in other assets 6,408 (152) (163) 55,208
Increase (decrease) in trade payables (2,529) 4,368 (15,669) (21,789)
Increase (decrease) in other liabilities (4,243) 5,858 (1,487) (36,556)
Bonuses to directors (175) (116) (350) (1,508)
Other (163) 85 250 (1,404)
Total 62,863 82,193 42,040 541,594
Interest and dividend received 1,365 1,045 885 11,760
Interest paid (1,700) (756) (327) (14,646)
Repayments of debt associated with reorganizing subsidiary (482) (609) (380) (4,153)
Income taxes paid (55,993) (24,396) (26,820) (482,407)
Income taxes refund 12,794 — — 110,227
Net cash provided by operating activities
Cash flows from investing activities:
18,847 57,477 15,398 162,375
Net decrease (increase) in time deposits 16 (73) — 138
Purchase of investment securities (181) — (1,000) (1,559)
Proceeds from redemption of securities 6,172 1,000 — 53,175
Investments in subsidiaries (15,400) (20,744) (1,604) (132,679)
Acquisition of newly consolidated subsidiaries
Proceeds from acquisition of newly
— (9,688) (6,211) —
consolidated subsidiaries — — 2,387 —
Purchase of debt — — (2,560) —
Purchase of property and equipment (14,427) (8,716) (3,577) (124,296)
Proceeds from sale of property and equipment 2,271 222 76 19,566
Payments for lease deposits (7,414) (3,105) (3,908) (63,875)
Collections of lease deposits 2,830 1,393 1,219 24,382
Payments for construction assistance fund receivables (1,112) (2,316) (2,919) (9,580)
Collections of construction assistance fund receivables 2,231 1,802 1,744 19,221
Purchase of intangible assets (3,487) (2,123) (918) (30,042)
Other, net (282) 441 448 (2,430)
Net cash used in investing activities
Cash flows from financing activities:
(28,783) (41,907) (16,823) (247,979)
Net increase (decrease) in short-term debt (169) 291 — (1,456)
Proceeds from long-term debt 3,844 15,432 13 33,118
Repayments of long-term debt (3,308) (1,624) (19) (28,500)
Repayments of bonds — — (1,616) —
Proceeds from (payment for) treasury stocks, net (6) 920 (5) (52)
Dividends paid (13,747) (13,223) (13,219) (118,437)
Other 627 136 (8) 5,402
Net cash provided by (used in) financing activities (12,759) 1,932 (14,854) (109,925)
Effect of exchange rate changes on cash and equivalents 153 1,454 908 1,318
Net change in cash and equivalents (22,542) 18,956 (15,371) (194,211)
Cash and equivalents at beginning of year (note 3) 141,404 121,061 136,461 1,218,265
Cash and equivalents of newly consolidated subsidiaries 354 1,387 — 3,050
Cash and equivalents of deconsolidated subsidiaries — — (29) —
Cash and equivalents at end of year (note 3)
See accompanying notes to consolidated financial statements.
¥119,216 ¥141,404 ¥121,061 $1,027,104
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FAST RETAILING ANNUAL REPORT 2007