Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Toyota Motor Corp., consolidated cash flow statement

US$ in millions, translated from JPY ￥

12 months ended:	Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011	Mar 31, 2010
Net income	19,239)	19,340)	11,507)	4,481)	5,598)	2,625)
Depreciation	11,746)	12,147)	11,737)	12,992)	14,138)	15,204)
Provision for doubtful accounts and credit losses	658)	483)	291)	117)	50)	1,083)
Pension and severance costs, less payments	(26)	201)	(217)	203)	(282)	13)
Losses on disposal of fixed assets	264)	278)	342)	408)	436)	504)
Unrealized losses on available-for-sale securities, net	21)	60)	22)	655)	95)	27)
Deferred income taxes	(224)	(547)	1,699)	78)	1,031)	274)
Equity in earnings of affiliated companies	(2,572)	(3,092)	(2,459)	(2,405)	(2,586)	(488)
(Increase) decrease in accounts and notes receivable	(579)	(1,184)	(1,787)	(7,123)	5,068)	(6,199)
(Increase) decrease in inventories	(1,425)	(1,076)	536)	(4,197)	623)	603)
(Increase) decrease in other current assets	(361)	(754)	(500)	(2,196)	461)	1,048)
Increase (decrease) in accounts payable	1,251)	634)	(2,223)	9,203)	(4,885)	6,978)
Increase (decrease) in accrued income taxes	(2,051)	4,258)	235)	255)	(489)	1,099)
Increase (decrease) in other current liabilities	4,120)	2,696)	2,975)	3,849)	2,878)	2,293)
Other	665)	1,960)	3,875)	1,352)	2,205)	2,435)
Changes in operating assets and liabilities, and other	1,619)	6,535)	3,111)	1,143)	5,862)	8,256)
Adjustments to reconcile net income to net cash provided by operating activities	11,486)	16,065)	14,527)	13,191)	18,744)	24,874)
Net cash provided by operating activities	30,725)	35,405)	26,034)	17,672)	24,342)	27,499)
Additions to finance receivables	(109,425)	(116,072)	(106,255)	(101,390)	(101,489)	(83,902)
Collection of finance receivables	103,588)	106,725)	96,251)	97,429)	95,422)	80,713)
Proceeds from sales of finance receivables	199)	338)	423)	657)	837)	90)
Additions to fixed assets excluding equipment leased to others	(9,556)	(9,420)	(9,076)	(8,803)	(7,569)	(6,498)
Additions to equipment leased to others	(18,433)	(16,592)	(11,890)	(9,838)	(12,770)	(8,954)
Proceeds from sales of fixed assets excluding equipment leased to others	346)	381)	416)	446)	617)	564)
Proceeds from sales of equipment leased to others	6,697)	7,228)	5,665)	5,248)	5,853)	4,999)
Purchases of marketable securities and security investments	(26,628)	(46,012)	(36,241)	(38,613)	(53,179)	(25,926)
Proceeds from sales of marketable securities and security investments	945)	5,233)	374)	1,973)	2,273)	828)
Proceeds upon maturity of marketable securities and security investments	21,421)	27,000)	27,973)	32,786)	42,419)	11,089)
Payment for additional investments in affiliated companies, net of cash acquired	—)	64)	172)	(2)	(4)	(11)
Changes in investments and other assets, and other	(945)	(981)	36)	2,555)	2,136)	(3,627)
Net cash used in investing activities	(31,790)	(42,108)	(32,151)	(17,553)	(25,452)	(30,634)
Proceeds from issuance of long-term debt	41,922)	37,777)	33,891)	29,137)	35,255)	34,161)
Payments of long-term debt	(28,862)	(29,024)	(28,485)	(34,890)	(29,941)	(31,580)
Increase (decrease) in short-term borrowings	(2,407)	4,544)	2,137)	3,792)	1,951)	(3,605)
Dividends paid to Toyota Motor Corporation shareholders	(4,626)	(3,846)	(2,018)	(1,908)	(1,697)	(1,854)
Dividends paid to noncontrolling interests	(578)	(612)	(485)	—)	—)	—)
(Repurchase) reissuance of treasury stock	(2,899)	89)	27)	(456)	(344)	(110)
Net cash provided by (used in) financing activities	2,551)	8,929)	5,068)	(4,323)	5,223)	(2,988)
Effect of exchange rate changes on cash and cash equivalents	543)	909)	1,464)	(681)	(1,528)	(96)
Net increase (decrease) in cash and cash equivalents	2,029)	3,135)	415)	(4,885)	2,585)	(6,218)
Cash and cash equivalents at beginning of year	17,015)	16,686)	17,833)	25,316)	22,438)	26,271)
Cash and cash equivalents at end of year	19,044)	19,821)	18,249)	20,431)	25,024)	20,053)

Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Toyota Motor Corp. net cash provided by operating activities increased from 2013 to 2014 but then slightly decreased from 2014 to 2015.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Toyota Motor Corp. net cash used in investing activities decreased from 2013 to 2014 but then increased from 2014 to 2015 exceeding 2013 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Toyota Motor Corp. net cash provided by (used in) financing activities increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.

Toyota Motor Corp. (NYSE:TM)

Cash Flow Statement