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CONSOLIDATED STATEMENTS OF CASH FLOWS - JPY (¥)
¥ in Millions
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:      
Net income (loss) ¥ 160,397 ¥ 219,367 ¥ (94,711)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 63,846 63,583 57,924
Impairment of goodwill 81,372
Stock-based compensation 28,251 12,694 21,814
(Gain) loss on investments in equity securities (14,053) 14,726 6,983
(Gain) loss on investments in subsidiaries and affiliates 45,086 (72,841) 5,719
Equity in earnings of affiliates, net of dividends received (15,716) (20,342) (19,043)
(Gain) Loss on disposal of office buildings, land, equipment and facilities (64,730) (3,957) 2,455
Deferred income taxes (21,113) (23,911) 21,565
Changes in operating assets and liabilities:      
Time deposits 43,560 (33,029) 21,832
Deposits with stock exchanges and other segregated cash 13,878 (97,424) 13,752
Trading assets and private equity and debt investments 1,468,357 (2,754,743) 925,384
Trading liabilities 777,741 428,997 (143,141)
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase (1,453,871) 2,224,371 (3,274,866)
Securities borrowed, net of securities loaned (1,242,489) 291,777 1,987,331
Other secured borrowings (326,450) 301,019 1,198
Loans and receivables, net of allowance for doubtful accounts 1,145,429 (1,358,242) 157,599
Payables (33,994) 788,007 (63,683)
Bonus accrual 15,840 16,202 (46,602)
Accrued income taxes, net 55,712 (2,787) 8,241
Other, net 20,089 (9,410) (32,288)
Net cash provided by (used in) operating activities 665,770 (15,943) (361,165)
Cash flows from investing activities:      
Payments for purchases of office buildings, land, equipment and facilities (119,875) (206,745) (319,090)
Proceeds from sales of office buildings, land, equipment and facilities 49,642 209,197 262,908
Proceeds from sales of investments in equity securities 6,502 13,323 519
Decrease (increase) in loans receivable at banks, net (83,412) 43,920 (74,048)
Decrease (increase) in non-trading debt securities, net 38,409 (2,359) 29,452
Business combinations or disposals, net (11,152) (2,484)
Decrease (increase) in investments in affiliated companies, net (9,182) 160,799 (8,290)
Other, net (9,958) 685 (3,954)
Net cash provided by (used in) investing activities (139,026) 216,336 (112,503)
Cash flows from financing activities:      
Increase in long-term borrowings 2,067,725 2,364,260 2,142,212
Decrease in long-term borrowings (2,068,695) (2,402,621) (1,625,516)
Increase (decrease) in short-term borrowings, net (325,237) 656,205 85,900
Increase (decrease) in deposits received at banks, net 126,177 (93,260) 257,471
Proceeds from sales of common stock held in treasury 215 285 313
Payments for repurchases of common stock held in treasury (11) (150,009) (51,714)
Payments for cash dividends (76,358) (58,416) (47,475)
Contribution from noncontrolling interests 6,257 15,618
Net cash provided by (used in) financing activities (269,927) 332,062 761,191
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 60,884 (27,277) 44,741
Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents 317,701 505,178 332,264
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 3,192,310 2,687,132 2,354,868
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 3,510,011 3,192,310 2,687,132
Cash paid during the year for-      
Interest 222,024 677,160 700,855
Income tax payments, net ¥ 35,675 ¥ 55,592 ¥ 27,204