SoftBank Results Presentation Deck
Consolidated C/F Summary (IFRSs)
C/F item
C/F from
operating
activities
FY19
Cash and cash
equivalents
opening
balance
1,117.9
Cash and cash
equivalents
closing
balance
FY20 Change
557.3
C/F from
investing -4,286.9 -1,468.6 +2,818.3
activities
C/F from
financing 2,920.9 2,194.1
activities
3,858.5 3,369.0
-560.6
3,369.0 4,662.7
Primary details for FY20Q1-Q3
1,119.2
-265.1 Interest paid
-588.6
264.2
HHH
-4,186.7
3,845.8
-856.6
Subtotal of cash flows from operating
activities
-726.8 -1,362.1
345.5
(JPY bn)
Income taxes paid
Income taxes refunded
Income taxes
Payments for acquisition of investments
Proceeds from sale/redemption of
investments
Payments for acquisitions of investments
by SVF1 and SVF2
Proceeds from sales of investments by
SVF1
856.4
312.8
-351.3
Payments into restricted cash
-351.0 Payments into trust accounts in SPACs
Proceeds in short-term interest-bearing
1,575.3
debt, net
7,965.1 Proceeds from interest-bearing debt
-5,790.9 Repayment of interest-bearing debt
Contributions into SVF1 from third-party
investors
979.3
Payments for acquisition of control over
subsidiaries
Distribution/repayment from SVF1 to
third-party investors
Proceeds from non-controlling interests
subject to possible redemption
Proceeds from the partial sales of shares
of subsidiaries to non-controlling
interests
1,553.0
-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)
C/F from operating activities: decreased 602.5 bn yoy
(Major reasons for decrease)
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.
Proceeds from interest-bearing debt: +7,965.1 bn
(SBG)
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 above mentioned listed stocks: +675.7 bn
From the partial sale of T-Mobile shares: +2,099.7 bn
Sale of LINE Corporation shares by SBKK: +93.8 bn
Sale or redemption of LINE Corporate Bonds by SBKK: 739.6 bn
●
Short-term borrowings: +1,040.1 bn domestic hybrid tes: +177.0
(Wholly owned subsidiaries conducting fund procurement)
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)
●
•
SoftBank
Procurement through borrowings made using Alibaba shares (margin loan): USD +6,000 mn
Repayment of interest-bearing debt: -5,790.9 bn
(SBG)
•
(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
●
Group
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)
Partial sale of SBKK shares
Repayment of short-term borrowings -863.3 bn; repayment of senior loans -392.4 bn; and redemption of
corporate bonds -557.6 bn
Accounting 25View entire presentation