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kowenicki said: You do, becasue I have just told you. It is a profit gain. Money spent on gaikai or any other asset does not reduce profit. |
I didn't say I don't believe in you... I just said that is what Sony released in the official documents.
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Investing Activities: During the current fiscal year, Sony used 705.3 billion yen (7,503 million U.S. dollars) of net cash in investing activities, a decrease of 177.6 billion yen, or 20.1% year-on-year. For all segments excluding the Financial Services segment, 49.8 billion yen (530 million U.S. dollars) was used, a decrease of 271.7 billion dollars, or 84.5% year-on-year. This decrease was primarily due to an increase in cash inflow from the sale of fixed assets year-on-year, the absence of cash outflow related to the acquisition of Sony Ericsson in the previous fiscal year, a year-on-year decrease in the amount of purchases of fixed assets, and cashinflow from the sale of the chemical products related business in the current fiscal year. The sale of Sony CityOsaki and Sony’s U.S. headquarters building were included in the sale of fixed assets in the current fiscal year.Partially offsetting these factors were factors increasing cash outflow such as a year-on-year increase in paymentsfor investments and advances during the current fiscal year, the acquisition of U.S.-based Gaikai Inc. recorded inother investing activities in the current fiscal year and a year-on-year decrease in proceeds from the sale ofsecurities investments. An investment in Olympus Corporation in the current fiscal year is included ininvestments and advances. The sale of Sony’s shares of S-LCD in the previous fiscal year and the sale of Sony’sshares of DeNA in the current fiscal year are included in sales or return of investments and collections of advances. |
