| Mar'11 | Mar'10 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
386 | 729 | |||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
913 | 782 | |||||
Stock option expenses | ||||||
225 | 104 | |||||
Gain on investments in equity securities | ||||||
-202 | 65 | |||||
Equity in earnings of affiliates, net of dividends received | ||||||
82 | 87 | |||||
Loss on disposal of office buildings, land, equipment and facilities | ||||||
-77 | -26 | |||||
Deferred income taxes | ||||||
667 | 210 | |||||
Changes in operating assets and liabilities: | ||||||
Time deposits | ||||||
1,876 | -3,726 | |||||
Deposits with stock exchanges and other segregated cash | ||||||
819 | -1,525 | |||||
Trading assets and private equity investments | ||||||
17,906 | 33,444 | |||||
Trading liabilities | ||||||
14,577 | 40,012 | |||||
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase | ||||||
3,959 | -15,392 | |||||
Securities borrowed, net of securities loaned | ||||||
5,391 | 744 | |||||
Other secured borrowings | ||||||
1,934 | 17,040 | |||||
Loans and receivables, net of allowance for doubtful accounts | ||||||
4,286 | 2,657 | |||||
Payables | ||||||
3,861 | 1,498 | |||||
Bonus accrual | ||||||
-106 | - | |||||
Accrued income taxes, net | ||||||
-316 | 704 | |||||
Other, net | ||||||
-5,008 | -4,045 | |||||
Net cash provided by (used in) operating activities | ||||||
-2,841 | -16,068 | |||||
Cash flows from investing activities: | ||||||
Payments for purchases of office buildings, land, equipment and facilities | ||||||
2,252 | 889 | |||||
Proceeds from sales of office buildings, land, equipment and facilities | ||||||
1,328 | 31 | |||||
Payments for purchases of investments in equity securities | ||||||
2 | 25 | |||||
Proceeds from sales of investments in equity securities | ||||||
39 | 14 | |||||
Decrease (increase) in loans receivable at banks, net | ||||||
729 | 1,133 | |||||
Business combinations or disposals, net | ||||||
-67 | 106 | |||||
Decrease (increase) in non-trading debt securities, net | ||||||
3,456 | 692 | |||||
Increase in investments in affiliated companies, net | ||||||
108 | 0 | |||||
Other, net | ||||||
1 | 87 | |||||
Net cash provided by investing activities | ||||||
-5,114 | -2,887 | |||||
Cash flows from financing activities: | ||||||
Increase in long-term borrowings | ||||||
27,400 | 32,754 | |||||
Decrease in long-term borrowings | ||||||
14,355 | 15,749 | |||||
Increase in short-term borrowings, net | ||||||
-1,175 | 1,467 | |||||
Increase in deposits received at banks, net | ||||||
4,451 | 142 | |||||
Proceeds from issuances of common stock | ||||||
- | 4,782 | |||||
Proceeds from sales of common stock held in treasury | ||||||
0 | 0 | |||||
Payments for repurchases of common stock held in treasury | ||||||
452 | 0 | |||||
Payments for cash dividends | ||||||
351 | 119 | |||||
Proceeds from issuances of stock by subsidiaries | ||||||
- | 26 | |||||
Net cash provided by financing activities | ||||||
15,518 | 23,303 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-317 | 10 | |||||
Net increase (decrease) in cash and cash equivalents | ||||||
7,246 | 4,358 | |||||
Supplemental information: | ||||||
Cash paid during the period for- | ||||||
Interest | ||||||
3,138 | 2,256 | |||||
Income tax payments, net | ||||||
390 | -674 | |||||