Annual Report 2005 (60 pages / 1.3MB) - JAL | JAPAN AIRLINES

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CONSOLIDATED STATEMENTS OF CASH FLOWS Japan Airlines Corporation and Consolidated Subsidiaries Thousands of U.S. dollars Millions of yen (Note 2) Years ended March 31, 2005 2004 2003 2005 Operating activities: Income (loss) before income taxes and minority interests ¥ 44,666 ¥ (82,148) ¥ 4,081 $ 417,439 Adjustments to reconcile income (loss) before income taxes and minority interests to net cash provided by operating activities: Depreciation and amortization 124,713 119,388 118,187 1,165,542 Gain on sales of, and loss on revaluation of, short-term investments in securities and investments in securities, net (171) (569) (2,551) (1,598) Loss on sales and disposal of property and equipment, net 25,702 17,846 17,603 240,205 Net provision for accrued pension and severance costs (13,645) 19,459 17,223 (127,523) Interest and dividend income (3,170) (2,928) (2,932) (29,626) Interest expense 24,875 28,503 34,657 232,476 Exchange (gain) loss, net (200) 547 141 (1,869) Equity in earnings of affiliates (1,514) (1,221) (340) (14,149) (Increase) decrease in notes and accounts receivable (16,000) (7,215) 31,761 (149,532) (Increase) decrease in flight equipment spare parts (209) 2,387 (2,812) (1,953) Increase in accounts payable 7,545 2,608 7,778 70,514 Other (15,743) 14,366 (29,111) (147,130) Subtotal 176,848 111,023 193,686 1,652,785 Interest and dividends received 3,648 3,386 3,427 34,093 Interest paid (25,686) (29,003) (34,709) (240,056) Income taxes paid (9,535) (9,060) (6,991) (89,112) Net cash provided by operating activities 145,275 76,345 155,413 1,357,710 Investing activities: Purchases of time deposits (1,367) (1,092) (101) (12,775) Proceeds from maturity of time deposits 281 996 1,877 2,626 Purchases of property and equipment (121,960) (151,585) (195,575) (1,139,813) Proceeds from sales of property and equipment 94,927 57,285 62,043 887,168 Purchases of investments in securities (4,531) (974) (11,540) (42,345) Proceeds from sales and maturity of investments in securities 2,363 3,615 12,400 22,084 Proceeds from sales of consolidated subsidiaries resulting in change in scope of consolidation — 103 683 — Long-term loans receivable made (2,787) (2,853) (4,937) (26,046) Collection of long-term loans receivable 6,273 8,875 42,887 58,626 Other 5,344 247 7,074 49,943 Net cash used in investing activities (21,456) (85,382) (85,187) (200,523) 34 Japan Airlines Corporation
Thousands of U.S. dollars Millions of yen (Note 2) Years ended March 31, 2005 2004 2003 2005 Financing activities: Increase (decrease) in short-term borrowings, net ¥ 39 ¥ (9,976) ¥ (36,196) $ 364 Proceeds from long-term loans 48,182 200,882 214,804 450,299 Repayment of long-term loans (130,978) (134,638) (199,550) (1,224,093) Proceeds from issuance of bonds 99,975 29,815 — 934,345 Redemption of bonds (23,700) (67,495) (83,864) (221,495) Dividends paid to stockholders (12) (7,813) (50) (112) Dividends paid to minority interests (315) (334) (266) (2,943) Other 519 (2,825) (2,979) 4,850 Net cash (used in) provided by financing activities (6,290) 7,615 (108,103) (58,785) Effect of exchange rate changes on cash and cash equivalents 272 (1,568) (670) 2,542 Net increase (decrease) in cash and cash equivalents 117,801 (2,991) (38,548) 1,100,943 Cash and cash equivalents at beginning of year 143,327 146,318 185,399 1,339,504 Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation — — 176 — Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation (195) — (708) (1,822) Cash and cash equivalents at end of year (Note 3) ¥260,933 ¥143,327 ¥146,318 $2,438,626 The accompanying notes are an integral part of these consolidated statements. 35
Page 1 and 2: Japan Airlines Annual Report 2005 Y
Page 3 and 4: JAL GROUP OVERVIEW Comprising 288 s
Page 5 and 6: MESSAGE FROM THE GROUP CEO REVIEW O
Page 7 and 8: We will carry out the Medium-Term B
Page 9 and 10: much less unaffected. Moving ahead,
Page 11 and 12: Vision: What JAL Group strives to a
Page 13 and 14: Managing international passenger op
Page 15 and 16: Growing and Continuing Impact of St
Page 17 and 18: Segment-by-Segment Strategies for G
Page 19 and 20: Basic Management Strategy Basic ini
Page 21 and 22: Revenue analysis: international pas
Page 23 and 24: Revenue analysis: domestic passenge
Page 25 and 26: Related Operations Many Group compa
Page 27 and 28: MANAGEMENT’S REVIEW AND ANALYSIS
Page 29 and 30: Consolidated total stockholders’
Page 31 and 32: Net cash used in investing activiti
Page 33 and 34: Liabilities and stockholders’ equ
Page 35: CONSOLIDATED STATEMENTS OF STOCKHOL
Page 39 and 40: e. Property and equipment Property
Page 41 and 42: Proceeds from sales of securities c
Page 43 and 44: The significant components of defer
Page 45 and 46: 11. Commitments and Contingent Liab
Page 47 and 48: . Operating revenues from overseas
Page 49 and 50: CONSOLIDATED SUBSIDIARIES Japan Air
Page 51 and 52: JALPAK INTERNATIONAL MICRONESIA, IN
Page 53 and 54: JALUX LIFE DESIGN INC. OFFICIAL FIL
Page 55 and 56: MOSCOW 4th Floor, GALS Tower, 1st T
Page 57 and 58: International Routes Domestic Route
Page 59 and 60: INVESTOR INFORMATION Company Name:

Annual Report 2005 (60 pages / 1.3MB) - JAL | JAPAN AIRLINES

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