Annual Financial Data(U.S. GAAP)

Consolidated Statements of Cash Flows (Annual)

Yen (millions) FY2011
(12months)
FY2012
(12months)
FY2013
(12months)
FY2014
(12months)
FY2015
(12months)
Cash flows from operating activities:          
Net income 563,477 222,074 392,638 608,749 536,175
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation excluding property on operating leases 351,496 345,105 335,536 442,318 490,375
Depreciation of property on operating leases 212,143 209,762 254,933 352,402 435,484
Deferred income taxes 130,180 49,661 53,252 45,426 59,595
Equity in income of affiliates -139,756 -100,406 -82,723 -132,471 -126,570
Dividends from affiliates 98,182 95,106 84,705 98,955 103,935
Gain on sales of investments in affiliates -46,756 - - - -
Provision for credit and lease residual losses on finance subsidiaries-receivables 13,305 13,032 10,059 18,904 18,710
Impairment loss on investments in securities 2,133 1,062 - - -
Damaged and Impairment loss on long-lived assets and goodwill excluding property on operating leases 16,833 10,590 - - -
Impairment loss on property on operating leases 835 1,514 4,773 3,301 4,077
Loss (gain) on derivative instruments, net -7,788 -1,847 35,027 -39,376 -4,997
Decrease (increase) in assets:          
Trade accounts and notes receivable 38,700 -35,475 -90,495 -92,638 17,666
Inventories -33,676 -154,222 -74,662 -2,901 -68,046
Other current assets 266 2,883 2,019 -7,363 -101,576
Other assets -40,729 -24,000 -27,243 -59,816 -61,634
Increase (decrease) in liabilities:          
Trade accounts and notes payable -55,331 242,814 -95,192 70,988 45,023
Accrued expenses 39,103 -25,718 52,021 49,718 98,566
Income taxes payable 9,461 -7,568 21,764 -8,688 4,462
Other current liabilities 32,209 -12,395 -4,489 31,404 58,793
Other liabilities -83,115 -14,744 -4,384 -53,815 17,024
Other, net -30,335 -55,690 -66,795 -95,906 -107,845
Net cash provided by operating activities 1,070,837 761,538 800,744 1,229,191 1,419,217
Cash flows from investing activities:          
Increase in investments and advances -11,412 -23,129 -34,426 -45,617 -39,274
Decrease in investments and advances 13,995 14,647 19,850 58,243 37,706
Payments for purchases of available-for-sale securities -262 -1,784 -5,642 -44,459 -34,856
Proceeds from sales of available-for-sale securities 2,739 1,879 1,347 14,501 38,429
Payments for purchases of held-to-maturity securities -179,951 -26,078 -5,186 -20,771 -37,208
Proceeds from redemptions of held-to-maturity securities 154,977 47,193 17,005 3,358 43,920
Proceeds from sales of subsidiaries, net of cash and cash equivalents disposal - - - 9,129 -
Proceeds from sales of investments in affiliates 71,073 9,957 - 5,363 -
Capital expenditures -318,543 -397,218 -626,879 -774,006 -722,742
Proceeds from sales of property, plant and equipment 24,725 23,260 44,182 34,069 53,209
Proceeds from insurance recoveries for damaged property, plant and equipment - 16,217 9,600 6,800 -
Acquisitions of finance subsidiaries-receivables -1,927,673 -1,784,720 -1,951,802 -2,792,774 -2,406,056
Collections of finance subsidiaries-receivables 1,829,097 1,765,204 1,833,669 2,354,029 2,588,527
Sales (repurchases) of finance subsidiaries-receivables, net - - - - -
Purchases of operating lease assets -798,420 -683,767 -793,118 -1,127,840 -1,470,850
Proceeds from sales of operating lease assets 408,265 365,270 418,086 611,317 696,713
Other, net - - 3,558 -86 328
Net cash used in investing activities -731,390 -673,069 -1,069,756 -1,708,744 -1,252,154
Cash flows from financing activities:          
Increase (decrease) in short-term debt, net 113,669 - - - -
Proceeds from short-term debt - 6,778,336 6,775,636 8,559,288 8,707,569
Repayment of short-term debt - -6,882,932 -6,621,897 -8,563,616 -8,579,722
Proceeds from long-term debt 799,520 1,151,971 1,101,469 1,588,826 1,505,105
Repayments of long-term debt -870,406 -967,588 -970,702 -1,039,595 -1,370,621
Dividends paid -92,170 -108,138 -129,765 -142,381 -158,601
Dividends paid to noncontrolling interests -16,232 -15,763 -6,250 -9,677 -18,441
Sales (purchases) of treasury stock, net -34,797 -7 -7 -25 -16
Other, net - -24,109 -28,917 -22,265 -54,875
Net cash provided by (used in) financing activities -100,416 -68,230 119,567 370,555 30,398
Effect of exchange rate changes on cash and cash equivalents -79,909 -52,150 108,460 71,784 100,150
Net change in cash and cash equivalents 159,122 -31,911 -40,985 -37,214 297,611
Cash and cash equivalents at beginning of the year 1,119,902 1,279,024 1,247,113 1,206,128 1,168,914
Cash and cash equivalents at end of the period 1,279,024 1,247,113 1,206,128 1,168,914 1,466,525

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