Reconciliations of Non-GAAP Financial Measures
Last updated : November 9, 2011
Reconciliation of Management Indices
| 2007.3 | 2008.3 | 2009.3 | 2010.3 | 2011.3 | 2012.3 Forecast |
|
|---|---|---|---|---|---|---|
| Operating Income | 1,107 | 1,304.6 | 1,109.8 | 1,117.7 | 1,214.9 | 1,250 |
| Depreciation, Amortization, and Loss on Disposal of Property, Plant and Equipment | 2,233.5 | 2,302.4 | 2,260.1 | 2,123.1 | 2,067.3 | 1,997 |
| EBITDA | 3,340.5 | 3,607 | 3,369.8 | 3,240.8 | 3,282.2 | 3,247 |
| Operating Revenues | 10,760.6 | 10,680.9 | 10,416.3 | 10,181.4 | 10,305 | 10,540 |
| EBITDA Margin | 31.0% | 33.8% | 32.4% | 31.8% | 31.9% | 30.8% |
| Operating Income | 1,107 | 1,304.6 | 1,109.8 | 1,117.7 | 1,214.9 | 1,250 |
| Depreciation, Amortization, and Loss on Disposal of Property, Plant and Equipment | 2,233.5 | 2,302.4 | 2,260.1 | 2,123.1 | 2,067.3 | 1,997 |
| EBITDA | 3,340.5 | 3,607 | 3,369.8 | 3,240.8 | 3,282.2 | 3,247 |
| Capital Investment | 2,236.9 | 2,128.9 | 2,145.1 | 1,987.1 | 1,870.1 | 1,970 |
| Operating FCF | 1,103.7 | 1,478.1 | 1,224.8 | 1,253.7 | 1,412.1 | 1,277 |
| Operating Income | 1,107 | 1,304.6 | 1,109.8 | 1,117.7 | 1,214.9 | 1,250 |
| Normal Statutory Tax Rate | 41% | 41% | 41% | 41% | 41% | 41% |
| Operating Income X (1 - Normal Statutory Tax Rate) | 654 | 770.8 | 655.8 | 660.3 | 717.8 | 738.5 |
| Operating Capital Employed | 11,961.1 | 11,989.8 | 12,142.7 | 12,238.6 | 12,427 | 12,596.1 |
| ROCE | 5.5% | 6.4% | 5.4% | 5.4% | 5.8% | 5.9% |
1 EBITDA margin = (Operating income + Depreciation and loss on disposal of property, plant and equipment) / Operating revenues x 100
2 Operating free cash flow = (Operating income + Depreciation and loss on disposal of property, plant and equipment) - Capital investment (*1)
3 ROCE = Operating income x (1 - Effective tax rate) / Operating capital employed (*2) x 100
(*1) Figures for capital investment are the accrual-based amounts required for acquisition of Property, Plant and Equipment and Intangible Assets. The differences from the figures for "Payments for Property, Plant and Equipment" and "Payments for Acquisition of Intangible Assets" in the consolidated statements of cash flows are as described in the reconciliation below.
(*2) Operating capital employed is the total of the average value of shareholders' equity and interest-bearing liabilities for the current term and the previous term.
Reconciliation of Capital Investment
| 2007.3 | 2008.3 | 2009.3 | 2010.3 | 2011.3 | |
|---|---|---|---|---|---|
| Payments for Property, Plant and Equipment | 1,608.5 | 1,259.7 | 1,412 | 1,370.9 | 1,410.8 |
| Payments for Acquisition of Intangible Assets | - | - | - | 545.4 | 484.2 |
| Acquisition of Intangible and Other Assets | 619.9 | 728.6 | 617 | - | - |
| Total | 2,228.4 | 1,988.3 | 2,029 | 1,916.3 | 1,895 |
| Difference from Capital Investment | (8.5) | (140.5) | (116.1) | (70.8) | 24.9 |
