TEPCO Illustrated

Accounting
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Consolidated Statements of Cash Flow

As of the end of FY2016

(Unit: billion yen)

FY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Cash flows from operating activities:                              
Income before income taxes and minority interest 265.1 255.3 372.8 473.8 496.0 -212.4 -99.5 223.4 -766.1 -753.7 -653.0 462.5 479.0 186.6 146.4
Depreciation and amortization 922.3 889.9 847.5 824.0 751.6 772.4 757.0 759.3 702.1 686.5 621.0 647.3 624.2 621.9 564.2
Loss on interim storage of spent fuels - - - - - - - - - - - - 20.3 - -
Loss on modification of nuclear fuel processing contract - - - - - - - - - - 15.5 - - - -
Loss on impairment of fixed assets - 44.8 - - - - 12.2 - - - 12.1 - - 233.3 -
Decommissioning costs of Nuclear power units - - - - - - - - 20.8 6.9 7.1 4.8 21.1 22.9 17.8
Loss on nuclear fuel 48.2 20.1 47.3 49.6 55.5 33.4 31.6 37.1 39.5 12.3 - - - - -
Loss on disposal of property plant and equipment 32.8 32.4 33.2 34.1 45.3 24.0 23.1 22.9 29.1 33.7 25.0 27.1 27.7 26.0 22.7
Extraordinary loss on disaster - - - - - - - - 1,020.4 - - - - - -
Increase/decrease for retirement benefits (*1) - - - - - - - - - - - 28.3 - - -
Loss of Adjustment based on the accounting standard for asset retirement obligations - - - - - - - - 57.1 - - - - - -
Increase/decrease in provision for accrued employees' retirement benefits (*1) 63.7 -66.1 -39.2 -65.6 3.7 -14.4 -0.8 -7.4 11.8 0.0 -7.2 - - - -
Provisions for reprocessing of irradiated nuclear fuel 65.6 22.8 111.7 - - - - - - - - - - - -
Increase/decrease in reserve for reprocessing of irradiated nuclear fuel (*1) - - - 9.6 17.5 -32.1 -15.8 -17.6 -17.2 -30.0 -54.1 -54.1 -58.6 -72.0 -38.6
Increase/decrease in reserve for future reprocessing of irradiated nuclear fuel (*) - - - - 17.9 2.6 6.4 9.3 8.6 3.3 2.3 2.4 2.7 2.8 1.4
Increase/decrease in provision for decommissioning costs of nuclear power units (*1) 15.6 1.6 3.5 21.3 16.5 82.1 16.2 18.5 - - - - - - -
Increase/decrease in reserve for casualty loss from natural disaster (*1) - - - - - 164.5 3.6 -75.3 -36.3 285.1 28.5 7.9 8.7 -6.1 19.0
Increase/decrease in liability for retirement benefits (*1) - - - - - - - - - - - 28.3 -19.3 -45.2 3.6
Interest revenue and dividends received -8.8 -8.3 -9.7 -11.1 -19.0 -29.3 -31.2 -27.8 -30.9 -29.2 -24.1 -27.9 -21.2 -24.3 -12.6
Interest expense 206.7 170.4 164.5 161.3 154.7 149.3 140.1 134.0 127.9 129.9 120.0 113.3 99.0 87.0 75.5
Gain on exchange of stock due to merger of subsidiary removed from consolidation - - - -51.1 - - - - - - - - - - -
Gain on business transfer - - - - -60.7 - - - - - - - - - -
Equity-method investment profit or loss ("-" denotes investment gain) - - - - - - -13.8 -12.6 -16.0 6.4 -12.6 -17.3 -15.1 -22.9 -26.1
Receipts of Grants-in-aid from Nuclear Damage Compensation and Decommissioning Facilitation Corporation - - - - - - - - - -2,426.2 -696.8 -1,665.7 -868.5 -699.7 -294.2
Compensation for nuclear damages - - - - - - - - - 2,524.9 1,161.9 1,395.6 595.9 678.6 392.0
Gain on sales of noncurrent assets - - - - - - - - - -41.6 -115.2 -111.1 -19.2 - -
Loss on sales of noncurrent assets - - - - - - - - - - 18.9 - - - -
Gain on sales of securities - - - - - - - - - -28.8 -3.6 -0.7 - - -
Loss on sales of securities - - - - - - - - - 40.4 - - - - -
Gain on sales of stocks of subsidiaries and affiliates - - - - - - - - - -20.1 -24.6 -14.0 - - -
Loss on sales of stocks of subsidiaries and affiliates - - - - - - - - - 4.7 - - - - -
Reversal of reserve for casualty loss from natural disaster - - - - - - - - - - - -32.0 - - -
Loss on decommissioning of Units 5, 6 at Fukushima Daiichi Nuclear Power Station - - - - - - - - - - - 39.8 - - -
Variable equity profit or loss ("-" denotes a profit) - - - - - - - - - - - - - -12.2 -36.4
Increase/decrease in reverse fund for reprocessing of irradiated nuclear fuel (*2) - - - -262.2 -84.2 -171.4 -149.5 -156.9 -158.2 -143.3 55.1 53.9 55.0 67.3 55.6
Increase/decrease in long-term prepaid expenses (*2) - - - - - -105.4 61.5 - - - - - - - -
Increase/decrease in trade receivables (*2) 32.9 11.3 -12.2 -18.1 -24.4 -7.5 -42.8 81.0 -11.5 -74.5 -46.0 -52.2 -18.4 58.2 -26.1
Increase/decrease in inventory assets (*2) - - - - - - 19.1 - - - - - - - -
Increase/decrease in accounts payable (*1) 91.7 19.0 38.8 91.8 33.2 235.9 -114.0 66.9 -5.8 91.7 33.1 37.9 -32.9 -61.0 -52.7
Other 24.3 25.2 121.0 -2.2 -31.1 -31.4 36.9 55.4 132.9 -140.4 -27.2 106.8 223.4 227.5 102.1
Subtotal 1,760.5 1,418.8 1,679.4 1,255.2 1,372.6 860.3 640.2 1,110.6 1,108.3 137.9 436.0 952.9 1,103.8 1,268.7 913.7
Receipt of interest and cash dividends 4.2 4.6 8.2 6.8 14.3 23.9 27.8 29.3 31.4 20.7 25.9 29.4 31.4 23.8 18.7
Interest paid -217.3 -175.0 -165.3 -163.8 -157.7 -150.5 -141.4 -137.8 -128.1 -128.6 -122.3 -114.7 -101.9 -90.1 -62.6
Payments for loss on disaster due to the Tohoku-Chihou-Taiheiyou-Oki Earthquake - - - - - - - - - -234.5 -162.9 -86.8 -83.1 -56.5 -29.9
Receipts of Grants-in-aid from Nuclear Damage Compensation and Decommissioning Facilitation Corporation - - - - - - - - - 663.6 1,567.7 1,455.7 1,044.3 1,212.7 1,141.8
Receipt of compensation based on the Contract for Indemnification of Nuclear Damage Compensation - - - - - - - - - 120.0 - - 68.9 - -
Payments for nuclear damage compensation - - - - - - - - - -566.2 -1,476.3 -1,571.4 -1,178.5 -1,250.4 -1,161.7
Income taxes paid or refund ("-" denotes tax paid) -141.1 -100.8 -110.8 -162.6 -155.6 -223.8 72.4 -13.8 -23.0 -15.7 -7.1 -27.0 -11.8 -30.7 -36.8
Net cash provided by operating activities 1,406.3 1,147.5 1,411.4 935.6 1,073.6 509.8 599.1 988.2 988.7 -2.8 260.8 638.1 872.9 1,077.5 783.0
Cash flows from investing activities:                              
Purchase of property, plant and equipment -828.2 -659.8 -561.4 -618.4 -544.1 -671.0 -661.4 -633.6 -661.8 -730.3 -656.8 -600.1 -567.4 -645.9 -562.2
Proceeds from sales of noncurrent assets - - - - - - - - - 54.4 160.8 124.5 22.8 7.2 11.6
Receipt of contribution in aid of construction 27.5 13.6 16.6 10.9 25.1 19.0 12.4 25.6 15.9 11.9 5.8 5.4 14.4 11.4 18.8
Increase in investments -38.3 -22.1 -21.5 -16.8 -32.1 -57.8 -17.7 -52.1 -358.0 -23.9 -100.2 -95.9 -49.3 -22.7 -23.9
Proceeds from investments 2.0 2.0 31.2 21.3 23.6 6.9 29.9 12.8 217.7 352.5 114.5 96.4 55.6 20.9 4.1
Payments for purchases of subsidiaries net of cash acquired - -17.4 -30.7 -14.3 - -0.9 -0.9 - - - - - - - -
Proceeds from purchases of subsidiaries net of cash paid - 9.5 0.4 - 0.1 2.3 - - - - - - - - -
Payments for sale of subsidiaries stocks - - - - - -0.8 - - - - - - - - -
Proceeds from sale of subsidiaries stocks - - - - - 3.4 - - - 5.2 41.4 13.6 - - -
Payments for merger of certain subsidiaries with an exclusion - - - -44.9 - - - - - - - - - - -
Decrease due to merger of certain subsidiaries with an exclusion - - - - 0.9 - - - - - - - - - -
Decrease due to disposal of consolidated subsidiaries - - - - - -0.3 - - - - - - - - -
Decrease due to business transfer - - - - -3.9 - - - - - - - - - -
Proceeds from sale of subsidiaries - - - - - - - 37.6 - - - - - - -
Increase in time deposits - - - - - - - - - -58.7 -656.6 -125.5 -331.7 -161.8 -20.3
Decrease in time deposits - - - - - - - - - 63.6 452.3 283.5 332.3 169.3 77.5
Other -26.7 -19.5 -11.9 46.9 -19.8 12.7 -17.5 10.4 -5.7 -9.9 2.0 4.7 -0.6 0.6 15.8
Net cash used in investing activities -863.7 -693.8 -577.5 -615.3 -550.1 -686.2 -655.3 -599.2 -791.9 -335.1 -636.6 -293.2 -523.9 -620.9 -478.4
Cash flows from Financing Activities:                              
Proceeds from issuance of bonds 800.8 534.5 252.1 249.1 327.9 747.7 668.0 239.3 234.2 - 728.3 479.7 99.6 17.7 492.1
Payment for Redemption of bonds -710.3 -462.5 -124.3 -405.9 -729.0 -693.3 -598.0 -427.8 -430.2 -548.9 -750.2 -635.7 -446.4 -438.1 -766.8
Proceeds from long-term loans 87.5 147.6 96.4 98.0 194.7 426.9 540.4 322.0 2,076.6 126.0 265.5 344.4 40.8 38.9 34.9
repayment of long-term loans -549.8 -393.3 -432.1 -315.7 -361.0 -252.7 -282.0 -356.1 -357.3 -218.3 -175.8 -485.1 -490.5 -319.7 -727.4
Proceeds form short-term loans 1,447.4 1,377.4 1,075.8 906.5 834.2 815.3 859.5 721.8 744.7 989.3 767.7 19.8 282.7 998.0 1,976.5
Repayment of short-term loans -1,375.2 -1,563.2 -1,215.5 -935.8 -823.8 -788.5 -851.2 -749.7 -701.8 -952.6 -1,198.5 -20.8 -103.6 -682.0 -1,609.6
Proceeds from issuance of commercial paper 2,024.0 2,299.0 1,365.0 1,020.0 889.0 1,487.0 1,555.0 730.0 40.0 - - - - - -
Repayment for Redemption of commercial paper -2,216.0 -2,309.0 -1,720.0 -885.0 -764.0 -1,452.0 -1,615.0 -900.0 -105.0 - - - - - -
Proceeds from issuance of common stock - - - - - - - - 446.8 - 997.4 - - - -
Cash dividends paid -80.9 -80.9 -80.9 -80.8 -80.9 -101.0 -80.9 -80.8 -80.8 - - - - - -
Other -1.1 -1.0 -2.0 -0.4 -2.0 -1.2 -1.3 6.1 -7.7 -10.2 -1.9 -3.9 -8.5 -9.1 -3.7
Net cash used in investing activities -573.7 -451.3 -785.6 -350.1 -514.8 188.2 194.4 -495.0 1,859.5 -614.7 632.5 -301.7 -626.0 -394.3 -603.9
Effect of exchange rate changes on cash and cash equivalents 0.9 -2.0 0.6 2.2 0.4 -0.6 -4.6 0.4 -3.2 0.3 3.9 6.3 5.4 -0.8 -3.6
Net increase/decrease in cash and cash equivalents (*1) -30.3 0.3 48.9 -27.6 9.1 11.2 133.5 -105.5 2,053.1 -952.3 260.6 49.4 -271.5 61.4 -303.0
Cash and cash equivalents at beginning of the year 113.4 83.1 83.4 132.4 104.7 113.9 125.1 258.7 153.1 2,206.2 1,253.8 1,514.5 1,564.0 1,292.4 1,339.9
Decrease in cash and cash equivalents due to changes in consolidation - - - - - - - - - - - - - -14.0 -96.5
Cash and cash equivalents at end of the year 83.1 83.4 132.4 104.7 113.9 125.1 258.7 153.1 2,206.2 1,253.8 1,514.5 1,564.0 1,292.4 1,339.9 940.2

(Note)

  1. Figures are rounded down to the nearest 0.1 billion.