FINANCIAL SECTION Consolidated Statements of Operations 36 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. U.S. Dollars Yen (thousands) (millions) (Note 3) Years ended March 31 2002 2003 2004 2004 Net sales ·5,006,977 ·4,617,580 ·4,766,888 $44,970,642 Operating costs and expenses: Cost of sales 3,731,257 3,328,261 3,460,932 32,650,302 Selling, general and administrative expenses (Note 18) 1,350,146 1,188,892 1,155,614 10,902,019 5,081,403 4,517,153 4,616,546 43,552,321 Operating income (loss) (74,426) 100,427 150,342 1,418,321 Other income (expenses): Interest and dividend income 10,480 8,495 6,668 62,906 Equity in earnings of affiliates, net 2,676 570 (862) (8,132) Interest charges (43,126) (29,913) (23,331) (220,104) Other, net (Note 18) (490,337) (227,185) 24,201 228,311 (520,307) (248,033) 6,676 62,981 Income (loss) before income taxes and minority interests (594,733) (147,606) 157,018 1,481,302 Income taxes (Note 11) : Current 35,122 36,188 34,125 321,934 Deferred (234,542) (64,977) 58,085 547,972 (199,420) (28,789) 92,210 869,906 Income (loss) before minority interests (395,313) (118,817) 64,808 611,396 Minority interests in (income) loss  of consolidated subsidiaries 12,771 (3,249) (15,104) (142,490) Net income (loss) · (382,542) · (122,066) · 49,704 $ 468,906 U.S. Dollars Yen (Note 3) Amounts per share of common stock: Basic earnings (loss) (Note 17) ·(193.0) ·(61.3) ·24.5 $0.231 Diluted earnings (loss) (Note 17) (193.0) (61.3) 22.2 0.209 Cash dividends 5.0 GLYPH<209> 3.0 0.028