Investor Presentaiton
Consolidated C/F Summary (IFRSS)
SoftBank
Group
C/F from operating activities: decreased 602.5 bn yoy
(JPY bn)
C/F item
FY19
FY20 Change
Primary details for FY20Q1-Q3
(Major reasons for decrease)
C/F from
operating
activities
1,119.2
1,117.9
557.3
-560.6
Subtotal of cash flows from operating
activities
-265.1 Interest paid
•
•
-588.6 Income taxes paid
Income taxes refunded
264.2 Incom
-4,186.7 Payments for acquisition of investments
Proceeds from sale/redemption of
investments
3,845.8
-856.6
C/F from
investing
activities
-4,286.9 -1,468.6 +2,818.3
856.4
312.8
Payments for acquisitions of investments
by SVF1 and SVF2
Proceeds from sales of investments by
SVF1
Decrease of Income taxes paid by 613.4 bn yoy
Deconsolidation of Sprint (Sprint recorded operating cash inflows of 641.0 bn in FY19)
SB Northstar recorded cash outflows of 509.2 bn (before elimination of intercompany transactions) mainly
associated with realized loss on investments in derivatives.
Payments for acquisition of investments: -4,186.7 bn
Acquisition of highly liquid listed stocks by SBG with the aim of diversifying its assets and managing its
surplus funds: -2,705.4 bn (SBNS has taken over this investment activity from FY20Q2; see pages 7-8)
Acquisition of LINE Corporation shares by SBKK -269.1 bn;
Subscription of LINE Corporation bonds by SBKK : -739.6 bn
Proceeds from sales /redemption of investments: +3,845.8 bn
From the sale of a portion of the abovementioned listed stocks: +675.7 bn
•
Payments for acquisition of control over
subsidiaries
•
From the partial sale of T-Mobile shares: +2,099.7 bn
-351.3 Payments into restricted cash
-351.0 Payments into trust accounts in SPACs
Proceeds in short-term interest-bearing
debt, net
1,575.3
7,965.1 Proceeds from interest-bearing debt
-5,790.9
9. Repayment of interest-bearing debt
979.3
C/F from
financing
2,920.9 2,194.1
-726.8
-1,362.1
activities
345.5
Cash and cash
equivalents
opening
balance
Cash and cash
equivalents
closing
balance
3,858.5
3,369.0
3,369.0 4,662.7
Contributions into SVF1 from third-party
investors
Distribution/repayment from SVF1 to
third-party investors
Proceeds from non-controlling interests
subject to possible redemption
Proceeds from the partial sales of shares
1,553.0 of subsidiaries to non-controlling
interests
-2,226.2 Purchase of treasury stock
SPACS, sponsored by the Company's
subsidiaries, raised a total of USD 3.3 bn
of funds through IPOS (See page 19 for
details)
• Sale of LINE Corporation shares by SBKK: +93.8 bn
Sale or redemption of LINE Corporate Bonds by SBKK: 739.6 bn
Proceeds from interest-bearing debt: +7,965.1 bn
(SBG)
Short-term borrowings: +1,040.1 bn domestic hybrid notes: +177.0 bn
(Wholly owned subsidiaries conducting fund procurement)
Transactions between SBKK and
LINE Corporation prior to LINE
Corporation becoming a subsidiary
are presented in gross amounts
(total cash outflow for acquisition of
LINE Corporation shares (net) was
175.3 bn)
• Procurement through borrowings made using T-Mobile shares (margin loan): USD +4,380 mn
•
Procurement through borrowings made using Alibaba shares (margin loan): USD +8,125 mn
• Procurement through several prepaid forward contracts using Alibaba shares: USD +15,445 mn
(SB Northstar)
•
Procurement through borrowings made using Alibaba shares (margin loan): USD +6,000 mn
Repayment of interest-bearing debt: -5,790.9 bn
(SBG)
Repayment of short-term borrowings -863.3 bn; repayment of senior loans -392.4 bn; and redemption of
corporate bonds -557.6 bn
(Wholly owned subsidiaries conducting fund procurement)
Repayment of margin loan made using Alibaba shares: USD -9,444 mn
(SVF1)
Repayment of borrowings under the Fund Level Facility: USD -4,976 mn
Repayment of borrowings under the Portfolio Financing Facility: USD -1,033 mn
Partial sale of SBKK shares
Accounting 25View entire presentation