Consolidated Statements of Cash Flows
Toyota Industries Corporation
For the years ended March 31, 2001, 2000 and 1999

Thousands ofU.S. dollars(Note 1)Millions of yen48

Cash flows from operating activities:
Income before income taxes
Adjustments to reconcile income before income taxes
to net cash provided by operating activities:
Depreciation and amortization
Decrease in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Equity in net loss of affiliates(Increase) decrease in receivables
Increase in inventories
Increase (decrease) in payables
Others, netSubtotalTOYOTA INDUSTRIES CORPORATIONInterest and dividends income received
Interest expenses paid
Income taxes paid

2001

2000

1999

2001

¥ 38,220¥ 27,162¥ 23,172

46,454(129)(11,199)6,446
973(2,450)(3,922)
8,178
8,914
91,48542,681(36)(7,765)2,532
5,036(8,427)(1,998)14,563549
74,29734,500(304)(8,560)2,041
3,763
11,896(889)(13,730)2,309
54,198374,931(1,041)(90,387)
52,026
7,853(19,774)(31,655)
66,00571,945738,378

11,212(6,155)(18,129)

7,779(2,532)(11,486)

8,575(2,041)(16,599)

90,492(49,677)(146,320)

78,41368,05844,133632,873$

308,475

ANNUAL REPORT 2001

Net cash provided by operating activities
Cash flows from investing activities:
Payments for purchases of marketable securities
Proceeds from sales of marketable securities
Payments for purchases of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchases of investment securities
Proceeds from sale of investment securities
Payments for acquisition of subsidiaries’ stock
resulting in change in scope of consolidation
Payments for loans madeProceeds from collections of loans
Payments for acquisition of business
Others, net(1,719)4,323(55,127)
2,384(9,667)2,107(3,506)
7,608(52,082)
1,147(16,101)
26(6)
10,060(77,707)839(26,762)146(13,874)
34,891(444,931)
19,241(78,023)
17,006(86,137)(3,411)
11,266–(19,890)–(10,503)
3,958(1,499)3,765–(5,980)4,507–(1,319)(695,214)(27,530)
90,928–(160,533)

Net cash used in investing activities(155,871)(67,187)(96,222)(1,258,039)

Cash flows from financing activities:
Increase (decrease) in short-term bank loans
Proceeds from issuances of commercial paper
Redemption of commercial paper
Proceeds from long-term bank loans
Repayments of long-term bank loans
Proceeds from issuances of bonds
Redemption of bonds
Proceeds from issuances of common stock
Cash dividends paid
Cash dividends paid for minority shareholders
Purchase and retirement of shares
Others, net
Net cash provided by financing activities

6,884
80,000(80,000)
4,111(6,586)
39,797–55,229(4,533)
(420)
–
(10)
94,472

1,934
–
–
1,633
(1,032)
29,849––(4,533)
(330)
–
(21)
27,500(1,438)––2,273(2,272)40,091(300)–(4,604)(153)(9,255)(4)
24,36855,561645,682(645,682)
33,180(53,156)
321,203–445,755(36,586)(3,390)–(81)
762,486

Translation adjustments of cash and cash equivalents

951(1,808)

(301)

7,676

Net increase (decrease) in cash and cash equivalents

17,96526,563(28,022)

144,996

Cash and cash equivalents at beginning of year

77,332

49,95574,303624,148–¥ 95,297

814¥ 77,332

3,674¥ 49,955–
769,144

Increase in cash and cash equivalents due to increase inconsolidated subsidiaries
Cash and cash equivalents at end of year
The accompanying notes are an integral part of these financial statements.

$