TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)

Cash flow TSMC (Taiwan Semiconductor Manufacturing Company)

Equities

2330

TW0002330008

Semiconductors

End-of-day quote Taiwan S.E. Other stock markets 2024-09-10			5-day change	1st Jan Change
904.00 ^TWD	+0.56%		-4.64%	+52.45%

01:32pm	Four steps back, one step forward
12:20pm	Taiwan Semiconductor Manufacturing Company Limited Reports Consolidated Revenue Results for the Month and Year to Date Ended August 2024	CI

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Published financial data: TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1,070B	1,339B	1,587B	2,264B	2,162B
Total Revenues	1,070B	1,339B	1,587B	2,264B	2,162B
Cost of Goods Sold, Total	574B	628B	768B	916B	987B
Gross Profit	496B	711B	820B	1,348B	1,175B
Selling General & Admin Expenses, Total	28.09B	35.57B	44.49B	63.45B	71.46B
R&D Expenses	91.42B	109B	125B	163B	182B
Other Operating Expenses	-156M	-694M	59.05M	-422M	-189M
Other Operating Expenses, Total	119B	144B	169B	226B	254B
Operating Income	377B	567B	650B	1,122B	921B
Interest Expense, Total	-3.25B	-2.08B	-5.41B	-11.75B	-12B
Interest And Investment Income	16.61B	9.02B	5.71B	22.42B	60.29B
Net Interest Expenses	13.36B	6.94B	295M	10.67B	48.29B
Income (Loss) On Equity Invest.	2.84B	3.59B	5.6B	7.8B	4.66B
Currency Exchange Gains (Loss)	2.1B	-3.3B	13.66B	4.51B	-2.69B
Other Non Operating Income (Expenses)	-1.68B	9.33B	-6.51B	398M	7.94B
EBT, Excl. Unusual Items	393B	583B	663B	1,145B	980B
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	536M	1.44B	95.96M	-462M	-494M
Gain (Loss) On Sale Of Assets	-955M	-	-	-	-
Asset Writedown	301M	-	-274M	-791M	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-3.4B	-	-	-	-
EBT, Incl. Unusual Items	390B	585B	663B	1,144B	979B
Income Tax Expense	44.5B	66.62B	66.05B	127B	141B
Earnings From Continuing Operations	345B	518B	597B	1,017B	838B
Net Income to Company	345B	518B	597B	1,017B	838B
Minority Interest	-80.14M	-273M	-533M	-370M	730M
Net Income - (IS)	345B	518B	597B	1,017B	838B
Net Income to Common Incl Extra Items	345B	518B	597B	1,017B	838B
Net Income to Common Excl. Extra Items	345B	518B	597B	1,017B	838B
Per Share Items
Net EPS - Basic	13.32	19.97	23.01	39.2	32.34
Basic EPS - Continuing Operations	13.32	19.97	23.01	39.2	32.34
Basic Weighted Average Shares Outstanding	25.93B	25.93B	25.93B	25.93B	25.93B
Net EPS - Diluted	13.32	19.97	23.01	39.2	32.34
Diluted EPS - Continuing Operations	13.32	19.97	23.01	39.2	32.34
Diluted Weighted Average Shares Outstanding	25.93B	25.93B	25.93B	25.93B	25.93B
Normalized Basic EPS	9.48	14.05	15.97	27.6	23.64
Normalized Diluted EPS	9.48	14.05	15.97	27.6	23.64
Dividend Per Share	9.5	10	11	11	13
Payout Ratio	75.1	50.07	44.55	28.06	34.79
American Depositary Receipts Ratio (ADR)	0.62	0.62	0.62	0.62	0.62
Supplemental Items
EBITDA	657B	892B	1,067B	1,551B	1,445B
EBITA	378B	570B	655B	1,126B	925B
EBIT	377B	567B	650B	1,122B	921B
EBITDAR	662B	896B	1,072B	1,556B	1,446B
Effective Tax Rate - (Ratio)	11.42	11.39	9.96	11.12	14.44
Total Current Taxes	45.57B	72.89B	89.2B	147B	137B
Total Deferred Taxes	-1.07B	-6.28B	-23.15B	-20.04B	4.14B
Normalized Net Income	246B	364B	414B	716B	613B
Interest Capitalized	-	-	-	2.67B	6.33B
Interest on Long-Term Debt	1.38B	1.57B	5.4B	17.05B	18.23B
Non-Cash Pension Expense	124M	81.6M	47.2M	74.26M	142M
Supplemental Operating Expense Items
Marketing Expenses	6.35B	7.11B	7.56B	9.92B	10.59B
Selling and Marketing Expenses	6.35B	7.11B	7.56B	9.92B	10.59B
General and Administrative Expenses	21.74B	28.46B	36.93B	53.52B	60.87B
Research And Development Expense From Footnotes	91.42B	109B	125B	163B	182B
Net Rental Expense, Total	5.2B	3.41B	5.42B	4.73B	1.22B
Imputed Operating Lease Interest Expense	725M	202M	417M	663M	190M
Imputed Operating Lease Depreciation	4.48B	3.21B	5B	4.07B	1.03B
Stock-Based Comp., Other (Total)	2.82M	6.61M	7.79M	335M	544M
Total Stock-Based Compensation	2.82M	6.61M	7.79M	335M	544M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	455B	660B	1,065B	1,343B	1,465B
Short Term Investments	139B	140B	140B	243B	221B
Trading Asset Securities, Total	185M	2.26B	173M	1.07B	925M
Total Cash And Short Term Investments	594B	802B	1,205B	1,587B	1,688B
Accounts Receivable, Total	140B	146B	198B	231B	202B
Other Receivables	51.65M	50.64M	61.53M	68.98M	71.87M
Total Receivables	140B	146B	198B	231B	202B
Inventory	82.98B	137B	193B	221B	251B
Other Current Assets, Total	5.44B	6.73B	10.73B	13.02B	53.38B
Total Current Assets	823B	1,092B	1,607B	2,053B	2,194B
Gross Property Plant And Equipment	3,932B	4,455B	5,270B	6,404B	7,259B
Accumulated Depreciation	-2,562B	-2,872B	-3,262B	-3,669B	-4,154B
Net Property Plant And Equipment	1,370B	1,583B	2,008B	2,736B	3,105B
Long-term Investments	30.17B	27.73B	29.38B	68.93B	129B
Goodwill	5.69B	5.44B	5.38B	5.79B	5.8B
Other Intangibles, Total	14.96B	20.33B	21.44B	20.21B	16.97B
Deferred Tax Assets Long-Term	17.93B	25.96B	49.15B	69.19B	64.18B
Other Long-Term Assets, Total	3.83B	5.75B	5.22B	12.02B	17.05B
Total Assets	2,265B	2,761B	3,726B	4,965B	5,532B
Liabilities
Accounts Payable, Total	40.15B	41.1B	48.72B	56.52B	57.29B
Accrued Expenses, Total	66.12B	94.55B	108B	156B	171B
Short-term Borrowings	119B	88.56B	115B	-	-
Current Portion of Long-Term Debt	31.8B	2.6B	4.58B	19.31B	36.63B
Current Portion of Leases	2.28B	1.83B	2.18B	2.6B	2.81B
Current Income Taxes Payable	32.47B	53.91B	59.65B	121B	98.91B
Unearned Revenue Current, Total	6.78B	13.78B	40.49B	71.88B	54.4B
Other Current Liabilities	293B	321B	361B	517B	493B
Total Current Liabilities	591B	617B	740B	944B	914B
Long-Term Debt	25.1B	256B	613B	839B	918B
Long-Term Leases	15.04B	20.56B	20.76B	29.76B	28.68B
Pension & Other Post Retirement Benefits	9.18B	11.91B	11.04B	9.32B	9.26B
Deferred Tax Liability Non Current	344M	1.73B	1.87B	1.03B	53.86M
Other Non Current Liabilities	2.31B	2.66B	168B	181B	179B
Total Liabilities	643B	910B	1,555B	2,004B	2,049B
Common Stock, Total	259B	259B	259B	259B	259B
Additional Paid In Capital	56.34B	56.35B	64.76B	69.33B	69.88B
Retained Earnings	1,333B	1,589B	1,907B	2,638B	3,158B
Comprehensive Income and Other	-27.57B	-54.68B	-62.61B	-20.51B	-28.31B
Total Common Equity	1,621B	1,850B	2,168B	2,946B	3,459B
Minority Interest	685M	965M	2.45B	14.84B	24.35B
Total Equity	1,622B	1,851B	2,171B	2,960B	3,483B
Total Liabilities And Equity	2,265B	2,761B	3,726B	4,965B	5,532B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	25.93B	25.93B	25.93B	25.93B	25.93B
ECS Total Common Shares Outstanding	25.93B	25.93B	25.93B	25.93B	25.93B
Book Value / Share	62.53	71.33	83.62	113.6	133.38
Tangible Book Value	1,601B	1,824B	2,141B	2,920B	3,436B
Tangible Book Value Per Share	61.73	70.34	82.59	112.6	132.51
Total Debt	193B	370B	756B	891B	986B
Net Debt	-402B	-432B	-449B	-697B	-701B
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.18B	11.91B	11.04B	9.32B	9.26B
Debt Equivalent Oper. Leases	41.62B	27.29B	43.35B	37.85B	9.72B
Minority Interest, Total (Incl. Fin. Div)	685M	965M	2.45B	14.84B	24.35B
Equity Method Investments, Total	18.7B	18.84B	21.96B	27.64B	29.62B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	16.55B	14.72B	11.11B	20.39B	38.82B
Inventories - Work In Process, Total	51.97B	91.67B	138B	126B	156B
Inventories - Finished Goods, Total	8.92B	21.71B	32.56B	54.82B	34.51B
Inventories - Others	5.54B	9.26B	11.73B	20.28B	21.17B
Land - (BS)	3.99B	3.94B	6.49B	7.66B	7.62B
Buildings, Total	438B	522B	577B	637B	818B
Machinery, Total	2,941B	3,676B	4,061B	4,381B	5,485B
Full Time Employees	51.3K	56.83K	65.15K	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Assets on Operating Lease - Gross	563M	1.43B	192M	21.28M	50.72M
Assets on Operating Lease - Accumulated Depreciation	-499M	-423M	-187M	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	325M	247M	347M	332M	532M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	345B	518B	597B	1,017B	838B
Depreciation & Amortization - CF	281B	325B	414B	428B	523B
Amortization of Goodwill and Intangible Assets - (CF)	1.73B	3.52B	4.93B	3.98B	3.95B
Depreciation & Amortization, Total	283B	328B	419B	432B	527B
Amortization of Deferred Charges, Total - (CF)	3.75B	3.67B	3.28B	4.77B	5.31B
(Gain) Loss From Sale Of Asset	957M	-188M	275M	-92.85M	366M
(Gain) Loss on Sale of Investments - (CF)	420M	-1.44B	-95.96M	462M	482M
Asset Writedown & Restructuring Costs	-301M	10.16M	274M	791M	-
(Income) Loss On Equity Investments - (CF)	-2.84B	-3.59B	-5.6B	-7.8B	-4.66B
Stock-Based Compensation (CF)	2.82M	6.61M	7.79M	302M	483M
Other Operating Activities, Total	-26.07B	6.6B	-34.1B	40.64B	-68.54B
Change in Trading Asset Securities	849M	-2.97B	2.65B	-1.35B	290M
Change In Accounts Receivable	-18.12B	-8.08B	-52.11B	-32.17B	28.44B
Change In Inventories	20.25B	-54.37B	-55.75B	-28.05B	-29.85B
Change In Accounts Payable	5.86B	405M	8.3B	7.59B	847M
Change in Other Net Operating Assets	1.98B	36.68B	229B	176B	-56.58B
Cash from Operations	615B	823B	1,112B	1,611B	1,242B
Capital Expenditure	-460B	-507B	-839B	-1,083B	-950B
Sale of Property, Plant, and Equipment	287M	607M	390M	983M	704M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-9.33B	-9.54B	-9.04B	-6.94B	-5.52B
Investment in Marketable and Equity Securities, Total	-10.78B	358M	4.4B	-131B	-55.85B
Other Investing Activities, Total	21.45B	10.03B	7.08B	28.22B	104B
Cash from Investing	-459B	-506B	-836B	-1,191B	-906B
Short Term Debt Issued, Total	31.8B	7.49B	35.67B	-	-
Long-Term Debt Issued, Total	-	239B	366B	201B	116B
Total Debt Issued	31.8B	246B	402B	201B	116B
Short Term Debt Repaid, Total	-	-39.07B	-	-112B	-
Long-Term Debt Repaid, Total	-37.83B	-34.42B	-4.59B	-6.99B	-22.71B
Total Debt Repaid	-37.83B	-73.49B	-4.59B	-119B	-22.71B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-872M	-
Common Dividends Paid	-259B	-259B	-266B	-285B	-292B
Common & Preferred Stock Dividends Paid	-259B	-259B	-266B	-285B	-292B
Other Financing Activities, Total	-4.31B	-2.03B	5.21B	3.85B	-6.52B
Cash from Financing	-270B	-88.62B	137B	-200B	-205B
Foreign Exchange Rate Adjustments	-9.11B	-23.5B	-7.58B	58.4B	-8.34B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-122B	205B	405B	278B	123B
Supplemental Items
Cash Interest Paid	3.6B	1.78B	3.83B	12.22B	17.36B
Cash Income Tax Paid (Refund)	52.04B	51.36B	83.5B	86.56B	160B
Levered Free Cash Flow	282B	192B	-41.17B	283B	82.68B
Unlevered Free Cash Flow	284B	193B	-37.79B	290B	90.18B
Change In Net Working Capital	-231B	-24.1B	18.36B	-241B	63.14B
Net Debt Issued / Repaid	-6.03B	173B	397B	82.01B	93.35B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	10.81	14.1	12.53	16.14	10.97
Return on Total Capital	12.82	17.56	15.79