Applied Technology Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006
Net Income	66.44	-302.36	-49.07	214.08	53.35
Depreciation & Amortization	10.52	39.64	50.63	52.36	47.13
Loss (Gain) From Sale of Assets	0.04	0.25	3.84	3.45	7.6
Asset Writedown & Restructuring Costs	1.2	45.42	-	-	-
Loss (Gain) From Sale of Investments	10	54.88	-	9.94	-
Other Operating Activities	-	-40.89	-7.19	35.27	2.52
Change in Accounts Receivable	185.56	303.54	-113.73	156.24	226.32
Change in Inventory	-3.97	-148.55	56.98	28.46	7.81
Change in Accounts Payable	-45.29	-59.52	17.29	-81.5	-59.51
Change in Other Net Operating Assets	58.56	41.21	-8.28	15.9	-39.95
Operating Cash Flow	283.05	-66.37	-49.53	434.19	245.27
Operating Cash Flow Growth	-	-	-	77.03%	-
Capital Expenditures	-6.08	-18.64	-24.92	-25.44	-42.06
Sale of Property, Plant & Equipment	-	-	0.01	0.01	0.24
Divestitures	-	224.57	-	-	-
Sale (Purchase) of Intangibles	-7.48	-12.48	-9.99	-15.92	-53.18
Investment in Securities	-1.3	3.26	-1.25	-1.22	-1.1
Other Investing Activities	1.36	-0.07	5.14	14.09	-35.09
Investing Cash Flow	-13.33	197.13	-31	-28.17	-131.18
Short-Term Debt Issued	-	-	258	-	-
Total Debt Issued	-	-	258	-	-
Short-Term Debt Repaid	-	-540	-	-146	-44
Total Debt Repaid	-	-540	-	-146	-44
Net Debt Issued (Repaid)	-	-540	258	-146	-44
Issuance of Common Stock	-	-	-	-	0.9
Repurchase of Common Stock	-	-	-1.04	-0.16	-0.14
Other Financing Activities	-	-	-0	-	-
Financing Cash Flow	-	-540	256.96	-146.16	-43.24
Miscellaneous Cash Flow Adjustments	-	0	-0	-0	-
Net Cash Flow	269.73	-409.24	176.43	259.86	70.84
Free Cash Flow	276.97	-85.01	-74.44	408.75	203.2
Free Cash Flow Growth	-	-	-	101.15%	-
Free Cash Flow Margin	11.45%	-1.94%	-1.43%	7.45%	3.75%
Free Cash Flow Per Share	48.50	-14.88	-13.03	71.52	35.53
Cash Interest Paid	-	6.29	3.71	4.76	5.9
Cash Income Tax Paid	5.12	83.68	115.34	8.69	6.16
Levered Free Cash Flow	253.17	201.53	0.49	329.44	116.83
Unlevered Free Cash Flow	253.17	205.74	2.65	332.26	120.53
Change in Working Capital	194.86	136.69	-47.74	119.1	134.68

Updated Feb 14, 2011. Source: S&P Global Market Intelligence. Standard template. Financial Sources.