Cash flow ASE Technology Holding Co., Ltd.

Equities

3711

TW0003711008

Semiconductor Equipment & Testing

End-of-day quote Taiwan S.E. Other stock markets 2025-01-20			5-day change	1st Jan Change
172.00 ^TWD	+3.61%		+5.85%	+6.17%

Jan. 10	ASE Technology Reports 6% Growth in December Revenue	MT
Jan. 10	ASE Technology Holding Co., Ltd. Reports Unaudited Consolidated Revenue Results for the Month, Fourth Quarter and Full Year Ended December 2024	CI

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Published financial data: ASE TECHNOLOGY HOLDING CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	413B	477B	570B	671B	582B
Total Revenues	413B	477B	570B	671B	582B
Cost of Goods Sold, Total	349B	399B	460B	536B	490B
Gross Profit	64.31B	77.98B	110B	135B	91.76B
Selling General & Admin Expenses, Total	22.39B	23.81B	27.19B	30.38B	25.93B
R&D Expenses	18.4B	19.3B	21.05B	24.37B	25.5B
Other Operating Expenses	-	-	-	-1.23B	-
Other Operating Expenses, Total	40.78B	43.11B	48.24B	53.53B	51.43B
Operating Income	23.53B	34.88B	62.12B	81.4B	40.33B
Interest Expense, Total	-4.19B	-3.44B	-2.8B	-3.99B	-6.24B
Interest And Investment Income	735M	671M	832M	933M	7.93B
Net Interest Expenses	-3.45B	-2.77B	-1.97B	-3.06B	1.69B
Income (Loss) On Equity Invest.	265M	512M	974M	1.19B	1.12B
Currency Exchange Gains (Loss)	1.13B	1.01B	1.4B	-2.46B	998M
Other Non Operating Income (Expenses)	2.34B	1.74B	562M	4.88B	-2.08B
EBT, Excl. Unusual Items	23.81B	35.37B	63.09B	81.96B	42.06B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-80.49M	91.3M	-	19.11M	-
Gain (Loss) On Sale Of Assets	-164M	1.26B	17.34B	113M	691M
Asset Writedown	-201M	-992M	-127M	-328M	-147M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	33.11M	-	-
EBT, Incl. Unusual Items	23.36B	35.73B	80.34B	81.76B	42.6B
Income Tax Expense	5.31B	6.46B	14.32B	17.15B	9.04B
Earnings From Continuing Operations	18.05B	29.28B	66.01B	64.62B	33.56B
Net Income to Company	18.05B	29.28B	66.01B	64.62B	33.56B
Minority Interest	-1.2B	-1.68B	-2.11B	-3.12B	-1.83B
Net Income - (IS)	16.85B	27.59B	63.91B	61.5B	31.73B
Net Income to Common Incl Extra Items	16.85B	27.59B	63.91B	61.5B	31.73B
Net Income to Common Excl. Extra Items	16.85B	27.59B	63.91B	61.5B	31.73B
Per Share Items
Net EPS - Basic	3.96	6.47	14.84	14.39	7.39
Basic EPS - Continuing Operations	3.96	6.47	14.84	14.39	7.39
Basic Weighted Average Shares Outstanding	4.25B	4.27B	4.31B	4.27B	4.3B
Net EPS - Diluted	3.86	6.31	14.4	13.81	7.18
Diluted EPS - Continuing Operations	3.86	6.31	14.4	13.81	7.18
Diluted Weighted Average Shares Outstanding	4.26B	4.29B	4.37B	4.32B	4.35B
Normalized Basic EPS	3.22	4.79	8.67	11.25	5.69
Normalized Diluted EPS	3.21	4.76	8.55	11.13	5.62
Dividend Per Share	2	4.2	7	8.79	5.2
Payout Ratio	63.05	30.88	28.29	48.76	119.28
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	72.14B	84.25B	114B	134B	95.83B
EBITA	26.52B	37.88B	65.21B	84.38B	43.26B
EBIT	23.53B	34.88B	62.12B	81.4B	40.33B
EBITDAR	72.62B	84.98B	115B	135B	96.28B
Effective Tax Rate - (Ratio)	22.72	18.07	17.83	20.97	21.23
Total Current Taxes	4.97B	6.36B	14.47B	16.89B	10.34B
Total Deferred Taxes	342M	101M	-145M	260M	-1.3B
Normalized Net Income	13.68B	20.42B	37.32B	48.11B	24.45B
Interest Capitalized	113M	150M	96.59M	58.26M	108M
Interest on Long-Term Debt	88.74M	88.03M	105M	135M	149M
Non-Cash Pension Expense	54.25M	12.31M	8.46M	38.95M	71.12M
Supplemental Operating Expense Items
Selling and Marketing Expenses	5.75B	5.61B	6.39B	6.92B	6.57B
General and Administrative Expenses	16.64B	18.2B	20.8B	23.46B	19.36B
Research And Development Expense From Footnotes	18.4B	19.3B	21.05B	24.37B	25.5B
Net Rental Expense, Total	480M	731M	880M	561M	446M
Imputed Operating Lease Interest Expense	78.81M	100M	98.62M	89.61M	123M
Imputed Operating Lease Depreciation	401M	631M	782M	472M	323M
Stock-Based Comp., Other (Total)	872M	956M	699M	990M	743M
Total Stock-Based Compensation	872M	956M	699M	990M	743M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	60.13B	51.54B	76.07B	58.04B	67.28B
Short Term Investments	766M	552M	141M	-	-
Trading Asset Securities, Total	4.13B	4.34B	2.93B	6.83B	4.08B
Total Cash And Short Term Investments	65.02B	56.43B	79.15B	64.87B	71.37B
Accounts Receivable, Total	84.85B	96.62B	121B	120B	105B
Other Receivables	1.38B	4B	13.94B	16.89B	15.98B
Total Receivables	86.23B	101B	135B	137B	121B
Inventory	45.3B	61.99B	73.25B	92.83B	63.27B
Other Current Assets, Total	5.45B	4.98B	4.96B	5.4B	6.1B
Total Current Assets	202B	224B	292B	300B	261B
Gross Property Plant And Equipment	587B	624B	630B	713B	742B
Accumulated Depreciation	-345B	-382B	-379B	-425B	-458B
Net Property Plant And Equipment	242B	242B	251B	288B	285B
Long-term Investments	15.66B	17.04B	23.26B	18.33B	24.13B
Goodwill	49.54B	54.12B	51.42B	52.31B	51.75B
Other Intangibles, Total	29.02B	26.81B	24.56B	21.18B	17.82B
Deferred Tax Assets Long-Term	4.71B	5.48B	5.37B	6.34B	6.4B
Other Long-Term Assets, Total	13.83B	13.8B	25.42B	20.96B	20.55B
Total Assets	557B	583B	673B	708B	667B
Liabilities
Accounts Payable, Total	56.07B	73.27B	84.47B	79B	70.33B
Accrued Expenses, Total	15B	18.5B	21.71B	26.95B	21.52B
Short-term Borrowings	37.34B	31.29B	34.32B	34.53B	40.52B
Current Portion of Long-Term Debt	5.36B	9.25B	14.43B	10.04B	28.62B
Current Portion of Leases	633M	774M	810M	980M	1.06B
Current Income Taxes Payable	2.82B	3.82B	10.04B	18.36B	6.34B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	35.05B	35B	45.14B	59.47B	53.95B
Total Current Liabilities	152B	172B	211B	229B	222B
Long-Term Debt	172B	152B	160B	138B	102B
Long-Term Leases	5.18B	5.1B	6.59B	6.73B	7.16B
Pension & Other Post Retirement Benefits	5.25B	6.47B	5.86B	4.33B	4.12B
Deferred Tax Liability Non Current	5.69B	6.24B	7.11B	8.59B	7.22B
Other Non Current Liabilities	1.68B	7.62B	8.28B	7.55B	5.76B
Total Liabilities	342B	349B	398B	394B	348B
Common Stock, Total	43.25B	43.39B	44.03B	43.64B	43.8B
Additional Paid In Capital	139B	140B	144B	143B	144B
Retained Earnings	31.56B	46.88B	91.32B	115B	114B
Treasury Stock	-1.96B	-1.96B	-7.49B	-1.96B	-1.96B
Comprehensive Income and Other	-10.8B	-9.44B	-11.48B	-4.13B	-2.54B
Total Common Equity	201B	219B	260B	295B	298B
Minority Interest	13.38B	15.62B	14.56B	18.61B	20.28B
Total Equity	214B	234B	275B	313B	318B
Total Liabilities And Equity	557B	583B	673B	708B	667B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.26B	4.28B	4.28B	4.3B	4.31B
ECS Total Common Shares Outstanding	4.26B	4.28B	4.28B	4.3B	4.31B
Book Value / Share	47.2	51.1	60.73	68.61	69.06
Tangible Book Value	122B	138B	184B	221B	228B
Tangible Book Value Per Share	28.75	32.18	42.99	51.5	52.93
Total Debt	221B	198B	216B	190B	179B
Net Debt	156B	141B	137B	125B	108B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.93B	6.2B	5.56B	3.78B	3.58B
Debt Equivalent Oper. Leases	3.84B	5.85B	7.04B	4.49B	3.56B
Minority Interest, Total (Incl. Fin. Div)	13.38B	15.62B	14.56B	18.61B	20.28B
Equity Method Investments, Total	12.17B	12.98B	17.32B	14.68B	19.93B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	23.31B	32.01B	49.88B	64.33B	40.62B
Inventories - Work In Process, Total	12.57B	17.87B	10.91B	11.84B	8.98B
Inventories - Finished Goods, Total	7.18B	9.41B	9.12B	13.31B	10.55B
Inventories - Others	2.23B	2.69B	3.34B	3.34B	3.13B
Land - (BS)	10.33B	10.34B	11.53B	13.01B	13.58B
Buildings, Total	154B	158B	153B	173B	182B
Machinery, Total	396B	433B	438B	488B	505B
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	136M	97.36M	103M	164M	340M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	16.85B	27.59B	63.91B	61.5B	31.73B
Depreciation & Amortization - CF	46.89B	47.53B	50.47B	51.52B	54.2B
Amortization of Goodwill and Intangible Assets - (CF)	2.99B	3B	3.08B	2.97B	2.94B
Depreciation & Amortization, Total	49.88B	50.53B	53.55B	54.49B	57.13B
Amortization of Deferred Charges, Total - (CF)	583M	729M	971M	958M	970M
(Gain) Loss From Sale Of Asset	164M	-1.26B	-17.41B	-113M	-691M
(Gain) Loss on Sale of Investments - (CF)	-1.6B	-76.4M	1.49B	-4.07B	-1.75B
Asset Writedown & Restructuring Costs	201M	992M	127M	328M	147M
(Income) Loss On Equity Investments - (CF)	-265M	-512M	-974M	-1.19B	-1.12B
Stock-Based Compensation (CF)	872M	956M	699M	990M	743M
Other Operating Activities, Total	-751M	1.6B	8.43B	15.56B	-513M
Change in Trading Asset Securities	6.1B	2.19B	2.17B	7.07B	8.45B
Change In Accounts Receivable	-413M	-8.28B	-29.3B	630M	16.5B
Change In Inventories	1.41B	-13.56B	-23.33B	-21.67B	25.4B
Change In Accounts Payable	-1.02B	14.03B	13.65B	-5.46B	-9.04B
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	295M	137M	7.73B	1.96B	-13.53B
Cash from Operations	72.3B	75.06B	81.73B	111B	114B
Capital Expenditure	-56.81B	-62.08B	-70.91B	-72.64B	-54.16B
Sale of Property, Plant, and Equipment	449M	4.45B	1.61B	750M	475M
Cash Acquisitions	-81.65M	-8.75B	-181M	-	-1.22B
Divestitures	-	3.72B	23.94B	-	2.09B
Sale (Purchase) of Real Estate properties	-2.53M	-6.35M	-	-115M	-35.3M
Sale (Purchase) of Intangible assets	-1.4B	-974M	-1.07B	-378M	-386M
Investment in Marketable and Equity Securities, Total	3.75B	2.32B	-142M	-89.9M	-2.03B
Other Investing Activities, Total	-484M	374M	-2.34B	-1.48B	138M
Cash from Investing	-54.58B	-60.95B	-49.09B	-73.95B	-55.12B
Short Term Debt Issued, Total	-	-	10.04B	1.87B	6.02B
Long-Term Debt Issued, Total	185B	200B	193B	221B	289B
Total Debt Issued	185B	200B	204B	223B	295B
Short Term Debt Repaid, Total	-4.68B	-1.5B	-	-	-
Long-Term Debt Repaid, Total	-165B	-208B	-182B	-255B	-307B
Total Debt Repaid	-170B	-209B	-182B	-255B	-307B
Issuance of Common Stock	1.15B	1.93B	2.73B	1.07B	1.18B
Repurchase of Common Stock	-	-	-5.53B	-206M	-
Common Dividends Paid	-10.62B	-8.52B	-18.08B	-29.99B	-37.84B
Common & Preferred Stock Dividends Paid	-10.62B	-8.52B	-18.08B	-29.99B	-37.84B
Other Financing Activities, Total	-12.13B	-6.28B	-6.42B	-1.11B	-482M
Cash from Financing	-6.5B	-22B	-5.87B	-62.46B	-49.1B
Foreign Exchange Rate Adjustments	-2.61B	-712M	-2.24B	7.38B	-955M
Net Change in Cash	8.61B	-8.59B	24.54B	-18.03B	9.24B
Supplemental Items
Cash Interest Paid	4.02B	3.44B	2.63B	3.49B	6B
Cash Income Tax Paid (Refund)	6.62B	5.54B	7.99B	15.09B	15.47B
Levered Free Cash Flow	11.15B	-140M	5.56B	25.75B	46.56B
Unlevered Free Cash Flow	13.76B	2.01B	7.31B	28.24B	50.46B
Change In Net Working Capital	-5.94B	8.95B	14.77B	6.06B	-20.95B
Net Debt Issued / Repaid	15.1B	-9.13B	21.44B	-32.22B	-11.95B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.7	3.82	6.18	7.37	3.67
Return on Total Capital	3.44	5.03	8.42	10.31	5
Return On Equity %	8.3	13.05	25.94	22.23	10.52
Return on Common Equity	8.34	13.15	26.7	22.43	10.59
Margin Analysis
Gross Profit Margin %	15.56	16.35	19.36	20.11	15.77
SG&A Margin	5.42	4.99	4.77	4.53	4.46
EBITDA Margin %	17.46	17.66	20.05	19.99	16.47
EBITA Margin %	6.42	7.94	11.44	12.58	7.43
EBIT Margin %	5.69	7.31	10.9	12.13	6.93
Income From Continuing Operations Margin %	4.37	6.14	11.58	9.63	5.77
Net Income Margin %	4.08	5.78	11.21	9.17	5.45
Net Avail. For Common Margin %	4.08	5.78	11.21	9.17	5.45
Normalized Net Income Margin	3.31	4.28	6.55	7.17	4.2
Levered Free Cash Flow Margin	2.7	-0.03	0.98	3.84	8
Unlevered Free Cash Flow Margin	3.33	0.42	1.28	4.21	8.67
Asset Turnover
Asset Turnover	0.76	0.84	0.91	0.97	0.85
Fixed Assets Turnover	1.81	1.97	2.31	2.45	2.03
Receivables Turnover (Average Receivables)	4.9	5.26	5.24	5.56	5.17
Inventory Turnover (Average Inventory)	7.59	7.44	6.79	6.45	6.28
Short Term Liquidity
Current Ratio	1.33	1.3	1.39	1.31	1.18
Quick Ratio	0.99	0.91	1.02	0.88	0.86
Operating Cash Flow to Current Liabilities	0.47	0.44	0.39	0.48	0.51
Days Sales Outstanding (Average Receivables)