3) Summarized consolidated statements of cash flows by business segment
Millions of yen Thousands of U.S. dollars
Automobile and Sales Consolidated Automobile and Sales Consolidated
Fiscal year 2004 (For the year ended Mar. 31, 2005) Eliminations Financing total Eliminations Financing total
Operating activities
Income before income taxes and 
minority interests................................................................... ¥720,764 ¥ 72,469 ¥793,233 $6,736,113 $ 677,280 $7,413,393
Depreciation and amortization...................................... 349,163 176,763 525,926 3,263,205 1,651,991 4,915,196
(Increase) decrease in sales 
finance receivables.............................................................. 17,131 (811,480) (794,349) 160,103 (7,583,925) (7,423,822)
Others............................................................................................... (207,813) 52,418 (155,395) (1,942,178) 489,888 (1,452,290)
Net cash provided by (used in) 
operating activities............................................................... 879,245 (509,830) 369,415 8,217,243 (4,764,766) 3,452,477
Investing activities
Proceeds from sales of investment securities 
including shares of subsidiaries............................... 10,285 510 10,795 96,122 4,766 100,888
Proceeds from sales of property, 
plant and equipment........................................................... 71,256 — 71,256 665,944 — 665,944
Purchases of fixed assets................................................ (453,357) (7,789) (461,146) (4,236,982) (72,794) (4,309,776)
Purchases of leased vehicles........................................ (15,926) (574,679) (590,605) (148,841) (5,370,832) (5,519,673)
Proceeds from sales of leased vehicles............... 16,143 157,669 173,812 150,869 1,473,542 1,624,411
Others............................................................................................... (79,115) 9,968 (69,147) (739,392) 93,159 (646,233)
Net cash used in investing activities........................ (450,714) (414,321) (865,035) (4,212,280) (3,872,159) (8,084,439)
Financing activities
Increase (decrease) in short-term 
borrowings.................................................................................. 174,500 491,691 666,191 1,630,841 4,595,243 6,226,084
(Decrease) increase in long-term 
borrowings.................................................................................. (391,244) 296,551 (94,693) (3,656,486) 2,771,505 (884,981)
Increase in bonds and debentures............................ — 140,663 140,663 — 1,314,607 1,314,607
Others............................................................................................... (191,998) 883 (191,115) (1,794,373) 8,252 (1,786,121)
Net cash (used in) provided by 
financing activities................................................................ (408,742) 929,788 521,046 (3,820,018) 8,689,607 4,869,589
Effect of exchange rate changes on cash 
and cash equivalents.................................................................. 4,427 (58) 4,369 41,373 (542) 40,831
Increase in cash and cash 
equivalents.......................................................................................... 24,216 5,579 29,795 226,318 52,140 278,458
Cash and cash equivalents at beginning 
of the year............................................................................................ 190,135 4,029 194,164 1,776,963 37,654 1,814,617
Increase due to inclusion in consolidation................... 65,825 — 65,825 615,187 — 615,187
Cash and cash equivalents at end of the year.......... ¥280,176 ¥ 9,608 ¥289,784 $2,618,468 $ 89,794 $2,708,262
FINANCIAL SECTION
Nissan Annual Report 200498