Integrated Report 2019

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Millions of yen Thousands ofU.S. dollars (Note 1)201920182019Cash flows from operating activities:Profit before income taxes ¥ 18,338 ¥16,666$165,227 Depreciation and amortization8,700 9,031 78,391 Amortization of goodwill 3,295 3,427 29,696 Increase (decrease) in net defined benefit liability821 751 7,401 Increase (decrease) in allowance for doubtful accounts(22)(20)(198)Interest and dividend income (530)(492)(4,779)Interest expenses 196 226 1,768 Increase (decrease) in provision for business structure improvement (38)38 (343)Loss (gain) on sales of property, plant and equipment (352)(56)(3,173)Loss on retirement of property, plant and equipment 257 374 2,315 Decrease (increase) in trade notes and accounts receivable 2,410 (5,229)21,718 Decrease (increase) in inventories (2,720)(3,682)(24,514)Increase (decrease) in trade notes and accounts payable (1,015)8,967 (9,147)Loss (gain) on sales of investment securities(1)(343)(11)Increase (decrease) in provision for environmental measures(19)(3)(172)Impairment loss—1,041 —Other, net (1,027)1,444 (9,254)Subtotal28,293 32,143 254,922 Interest and dividend income received530 477 4,779 Interest expenses paid(202)(233)(1,824)Income taxes (paid) refund(5,763)(5,568)(51,930)Net cash provided by operating activities 22,858 26,819 205,946 Cash flows from investing activities:Payments into time deposits(7,269)(7,631)(65,501)Proceeds from withdrawal of time deposits6,000 8,098 54,062 Purchase of property, plant and equipment (10,768)(8,084)(97,019)Proceeds from sales of property, plant and equipment 944 132 8,509 Purchase of intangible assets(151)(123)(1,366)Purchase of investment securities (4)(4)(40)Proceeds from sales of investment securities3 536 30 Proceeds from liquidation of subsidiaries195 —1,762 Payments of loans receivable(21)(24)(189)Collection of loans receivable12 6 111 Purchase of shares and membership interests of subsidiaries resulting in change in scope of consolidation—(308)—Other, net 759 (129)6,842 Net cash used in investing activities (10,299)(7,532)(92,798)Cash flows from financing activities:Increase (decrease) in short-term loans payable212 1,692 1,917 Repayments of long-term loans payable(3,039)(3,059)(27,387)Cash dividends paid (5,196)(4,762)(46,817)Purchase of treasury stock(1)(1)(13)Repayments of lease obligations(221)(232)(1,996)Other, net 0 0 0 Net cash provided by (used in) financing activities (8,246)(6,363)(74,296)Effect of exchange rate change on cash and cash equivalents (1,051)834 (9,477)Net increase (decrease) in cash and cash equivalents 3,260 13,757 29,374 Cash and cash equivalents at beginning of year 55,042 41,284 495,925 Cash and cash equivalents at end of year (Note 12)¥ 58,303 ¥55,042$525,300 The accompanying notes are an integral part of the consolidated financial statements.LINTEC Corporation and its consolidated subsidiariesYears ended March 31, 2019 and 2018Consolidated Statement of Cash Flows80LINTEC INTEGRATED REPORT 2019Financial Information