← CHUNGHWA TELECOM CO LTD

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — — — — — — $36.4b $37.0b $37.2b $38.7b
Net Income From Continuing Operations — — — — — — $47.2b $47.8b $47.0b $50.3b
Depreciation $29.1b $28.2b $27.5b $30.9b $30.9b $31.8b $32.8b $33.0b $32.9b $33.5b
Amortization $3.4b $3.8b $4.4b $4.3b $5.4b $6.6b $6.6b $6.7b $6.7b $6.7b
Amortization of incremental costs of obtaining contracts $0 $0 $1.9b $1.2b $772.0m $815.0m $841.0m $856.0m $906.0m $945.0m
Amortization Cash Flow — — — — — — $6.6b $6.7b $6.7b $6.7b
Amortization Of Intangibles — — — — — — $6.6b $6.7b $6.7b $6.7b
Depreciation Amortization Depletion — — — — — — $39.4b $39.6b $39.7b $40.2b
Adjustments For Deferred Tax Of Prior Periods $0 $6.0m $19.0m ($1.0m) $26.0m $3.0m $151.0m $9.0m $8.0m —
Compensation cost of share-based payment transactions $17.0m $22.0m $17.0m $2.0m $8.0m $19.0m $16.0m $8.0m $8.0m $10.0m
Provision for impairment loss and obsolescence of inventory $192.0m $52.0m $365.0m $475.0m $1.2b $207.0m $34.0m $23.0m $60.0m $34.0m
Impairment loss on right-of-use assets — — — $0 $0 $420.0m $0 $0 — —
Reversal of impairment loss / (impairment loss) on investment properties — — — — — ($83.0m) ($107.0m) $336.0m ($139.0m) ($28.0m)
Asset Impairment Charge — — — — — — ($98.0m) ($139.0m) $635.0m $84.0m
Interest expense $20.0m $22.0m $18.0m $104.0m $206.0m $218.0m $263.0m $319.0m $339.0m $370.0m
Share of profits of associates and joint ventures accounted for using equity method ($515.0m) ($419.0m) ($509.0m) ($459.0m) ($244.0m) ($421.0m) ($442.0m) ($253.0m) ($157.0m) ($65.0m)
Gain on disposal of investments accounted for using equity method $2.0m $0 $0 ($151.0m) ($10.0m) ($4.0m) $14.0m ($6.0m) ($85.0m) ($733.0m)
Acquisition of investments accounted for using equity method ($30.0m) $0 ($205.0m) ($4.2b) ($10.0m) ($330.0m) ($52.0m) ($1.6b) ($776.0m) ($20.0m)
Proceeds from disposal of investments accounted for using equity method $182.0m $0 $3.0m $32.0m $0 $9.0m $0 $0 $0 $886.0m
Proceeds from capital reduction of investments accounted for using equity method $0 $0 $19.0m $0 $0 $0 $340.0m $0 $0 —
Earnings (Loss)es From Equity Investments — — — — — — ($442.0m) ($157.0m) ($253.0m) ($65.0m)
Additional Financial Items
Adjustments For Current Tax Of Prior Period ($22.0m) ($2.0m) $7.0m ($91.0m) ($22.0m) ($150.0m) ($141.0m) ($128.0m) ($176.0m) —
Adjustments For Decrease Increase In Trade Account Receivable ($4.6b) ($40.0m) $44.0m $135.0m $145.0m ($48.0m) ($26.0m) ($9.0m) ($40.0m) —
Adjustments For Increase Decrease In Trade Account Payable $2.5b $20.0m $35.0m ($172.0m) $1.0m $89.0m ($53.0m) ($66.0m) $102.0m —
Adjustments For Unrealised Foreign Exchange Losses Gains ($80.0m) $3.0m ($1.0m) — — $0 $0 $0 $0 —
Payments Of Lease Liabilities Classified As Financing Activities — — — $124.0m $131.0m $134.0m $123.0m $127.0m $120.0m —
Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets $39.0m $0 $0 $0 — — — — — —
Purchase Of Intangible Assets Classified As Investing Activities $282.0m $381.0m $16.0m $12.0m $1.7b $9.0m $62.0m $8.0m $7.0m —
Income before income tax $49.4b $48.0b $45.0b $41.9b $42.8b $46.1b $47.2b $47.0b $47.8b $50.3b
Expected credit loss $0 $0 $920.0m ($125.0m) $45.0m $143.0m $117.0m $152.0m $188.0m $209.0m
Valuation loss on financial assets and liabilities at fair value through profit or loss, net $1.0m ($1.0m) $21.0m $38.0m $99.0m ($243.0m) $206.0m $98.0m $147.0m $92.0m
Interest income ($189.0m) ($205.0m) ($197.0m) ($251.0m) ($116.0m) ($95.0m) ($249.0m) ($618.0m) ($781.0m) ($904.0m)
Gain on disposal of intangible assets — — — — — — — $0 $0 $0
Gain on disposal of investment properties — — $0 $0 ($151.0m) $0 $0 $0 ($1.0m) $0
Gain on disposal of subsidiaries — — — — — — — $0 $0 ($15.0m)
Others — $83.0m ($17.0m) ($26.0m) $4.0m ($133.0m) $254.0m ($60.0m) ($69.0m) ($20.0m)
Contract assets $0 $0 $2.8b $173.0m ($203.0m) ($336.0m) ($1.0b) ($1.3b) ($2.2b) ($594.0m)
Trade notes and accounts receivable ($4.6b) ($1.2b) $1.4b $4.0b $4.1b ($1.3b) ($785.0m) ($287.0m) ($1.3b) ($1.6b)
Receivables from related parties $28.0m ($36.0m) $25.0m $7.0m ($214.0m) $189.0m ($34.0m) ($3.0m) ($115.0m) ($20.0m)
Inventories $1.2b ($1.5b) ($6.8b) ($2.7b) $3.9b $875.0m ($23.0m) ($178.0m) ($626.0m) ($1.1b)
Prepayments $62.0m $458.0m $418.0m $115.0m $173.0m $392.0m $2.0m ($315.0m) ($29.0m) ($411.0m)
Other current assets $214.0m ($61.0m) ($261.0m) $146.0m $156.0m ($630.0m) ($576.0m) $733.0m ($293.0m) ($328.0m)
Other current monetary assets ($242.0m) ($81.0m) ($173.0m) ($155.0m) $355.0m ($386.0m) ($165.0m) $107.0m $64.0m ($1.4b)
Incremental cost of obtaining contracts — — ($802.0m) ($781.0m) ($829.0m) ($803.0m) ($833.0m) ($1.0b) ($1.3b) ($832.0m)
Contract liabilities $0 $0 $2.7b $6.7b ($3.3b) ($1.7b) $2.0b $584.0m $2.2b $4.0b
Trade notes and accounts payable $2.5b $587.0m $1.1b ($5.2b) $21.0m $2.5b ($1.6b) ($2.0b) $3.3b ($1.8b)
Payables to related parties $151.0m ($78.0m) $234.0m ($264.0m) ($8.0m) ($255.0m) $147.0m ($154.0m) $95.0m ($303.0m)
Other payables ($76.0m) ($691.0m) ($1.1b) $697.0m ($924.0m) $248.0m $782.0m $562.0m $1.5b $1.8b
Provisions ($63.0m) $82.0m $27.0m $97.0m $95.0m $13.0m ($28.0m) $373.0m $153.0m $108.0m
Net defined benefit plans ($8.5b) $49.0m ($1.5b) $534.0m ($174.0m) ($756.0m) ($724.0m) ($728.0m) ($657.0m) ($663.0m)
Other current liabilities $7.0m ($76.0m) $422.0m ($159.0m) $46.0m ($12.0m) $60.0m ($14.0m) $78.0m ($96.0m)
Cash generated from operations $74.0b $76.7b $77.3b $81.0b $82.5b $83.2b $84.6b $84.0b $88.5b $87.0b
Acquisition of financial assets at fair value through other comprehensive income $0 $0 ($290.0m) ($60.0m) ($85.0m) ($313.0m) ($19.0m) ($305.0m) ($313.0m) ($1.5b)
Proceeds from disposal of financial assets at fair value through other comprehensive income — — $0 $0 $297.0m $2.9b $0 $0 $0 $0
Proceeds from capital reduction of financial assets at fair value through other comprehensive income — — — — $0 $0 $7.0m $0 $112.0m $0
Acquisition of financial assets at amortized cost — — — — — — $0 $0 ($2.0b) ($20.0m)
Acquisition of financial assets at fair value through profit or loss — $0 $0 ($443.0m) ($39.0m) ($44.0m) ($360.0m) ($133.0m) ($162.0m) ($326.0m)
Proceeds from disposal of financial assets at fair value through profit or loss — $0 $0 $146.0m $30.0m $25.0m $15.0m $0 $5.0m $0
Net cash outflow from loss of control of subsidiaries — — — — — — — $0 $0 ($9.0m)
Acquisition of intangible assets ($282.0m) ($11.3b) ($498.0m) ($363.0m) ($47.6b) ($256.0m) ($1.9b) ($237.0m) ($234.0m) ($144.0m)
Proceeds from disposal of intangible assets — — — — — — — $0 $0 $0
Acquisition of investment properties $0 $0 ($6.0m) ($1.0m) ($54.0m) ($1.0m) ($18.0m) ($54.0m) ($4.0m) ($74.0m)
Acquisition of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months — — — — — ($17.4b) ($5.7b) ($45.2b) ($72.9b) ($54.1b)
Proceeds from disposal of time deposits, negotiable certificates of deposit with maturities of more than three months $2.8b $5.7b $5.7b $16.5b $6.6b $18.4b $7.3b $28.6b $69.9b $55.2b
Decrease (increase) in other noncurrent assets $63.0m ($788.0m) ($80.0m) ($1.1b) ($208.0m) $338.0m $235.0m $166.0m ($258.0m) ($623.0m)
Increase in prepayments for leases — — — — — $0 $0 ($1.7b) ($1.4b) ($1.7b)
Interests received $198.0m $233.0m $187.0m $257.0m $125.0m $95.0m $219.0m $568.0m $764.0m $912.0m
Proceeds from capital reduction and profit distribution of financial assets at fair value through profit or loss — — — — — $0 $66.0m $22.0m $43.0m $25.0m
Proceeds from short-term loans $1.4b $7.0b $360.0m $575.0m $115.0m $154.0m $1.3b $2.6b $700.0m $3.7b
Repayments of short-term loans ($1.4b) ($7.0b) ($330.0m) ($585.0m) ($142.0m) ($156.0m) ($635.0m) ($2.7b) ($1.1b) ($3.6b)
Proceeds from issuance of bonds — — $0 $0 $20.0b $7.0b $3.5b $0 $0 $3.5b
Repayments of bonds payable — — — — — — — $0 $0 ($8.8b)
Payments for transaction costs attributable to the issuance of bonds — — $0 $0 ($21.0m) ($7.0m) ($4.0m) $0 $0 ($5.0m)
Proceeds from long-term loans — — — — — — $0 $0 $35.0m $0
Repayments of long-term loans ($150.0m) $0 $0 — — — — $0 $0 ($35.0m)
Increase (decrease) in customers' deposits ($294.0m) ($111.0m) $31.0m $8.0m $62.0m $477.0m ($223.0m) $134.0m ($9.0m) ($39.0m)
Payments for the principal of lease liabilities — $0 $0 ($3.7b) ($3.7b) ($3.7b) ($3.8b) ($3.9b) ($3.9b) ($4.1b)
Increase (decrease) in other noncurrent liabilities ($104.0m) ($37.0m) $84.0m $233.0m $342.0m $3.2b $1.6b $680.0m $282.0m ($985.0m)
Partial disposal of interests in subsidiaries without losing control $83.0m $106.0m $1.2b $0 $0 — $0 $0 $259.0m $311.0m
Beginning Cash Position — — — — — — $39.8b $33.8b $50.2b $36.3b
Cash Flow From Continuing Financing Activities — — — — — — ($34.8b) ($41.5b) ($40.7b) ($48.5b)
Cash Flow From Continuing Investing Activities — — — — — — ($30.8b) ($35.3b) ($50.2b) ($28.3b)
Change In Account Payable — — — — — — ($1.6b) $3.3b ($2.0b) ($1.8b)
Change In Inventory — — — — — — ($23.0m) ($626.0m) ($178.0m) ($1.1b)
Change In Other Current Assets — — — — — — ($741.0m) ($229.0m) $840.0m ($1.7b)
Change In Other Current Liabilities — — — — — — $60.0m $78.0m ($14.0m) ($96.0m)
Change In Other Working Capital — — — — — — $405.0m $373.0m ($797.0m) $2.6b
Change In Payable — — — — — — ($702.0m) $5.0b ($1.6b) ($311.0m)
Change In Payables And Accrued Expense — — — — — — ($702.0m) $5.0b ($1.6b) ($311.0m)
Change In Prepaid Assets — — — — — — $2.0m ($29.0m) ($315.0m) ($411.0m)
Change In Receivables — — — — — — ($1.9b) ($3.7b) ($1.6b) ($2.2b)
Change In Working Capital — — — — — — ($2.8b) $863.0m ($3.7b) ($3.2b)
Changes In Account Receivables — — — — — — ($785.0m) ($1.3b) ($287.0m) ($1.6b)
Changes In Cash — — — — — — $10.4b $2.4b ($16.3b) $704.0m
End Cash Position — — — — — — $50.2b $36.3b $33.8b $36.9b
Financing Cash Flow — — — — — — ($34.8b) ($41.5b) ($40.7b) ($48.5b)
Free Cash Flow — — — — — — $42.5b $50.3b $43.6b $49.6b
Gain Loss On Investment Securities — — — — — — ($144.0m) ($326.0m) ($173.0m) ($1.0b)
Gain Loss On Sale Of Business — — — — — ($4.0m) — $0 $0 ($15.0m)
Gain Loss On Sale Of PPE — — — — — — $5.0m $17.0m $0 $28.0m
Interest Received CFI — — — — — — $219.0m $764.0m $568.0m $912.0m
Investing Cash Flow — — — — — — ($30.8b) ($35.3b) ($50.2b) ($28.3b)
Net Business Purchase And Sale — — — — — — $288.0m ($776.0m) ($1.6b) $857.0m
Net Intangibles Purchase And Sale — — — — — — ($1.9b) ($234.0m) ($237.0m) ($144.0m)
Net PPE Purchase And Sale — — — — — — ($31.5b) ($28.7b) ($30.7b) ($27.7b)
Operating Gains Losses — — — — — — ($581.0m) ($466.0m) ($426.0m) ($1.1b)
Other Non Cash Items — — — — — — $1.1b $395.0m $497.0m $391.0m
Provisionand Write Offof Assets — — — — — — $151.0m $248.0m $175.0m $243.0m
Purchase Of Business — — — — — — ($52.0m) ($776.0m) ($1.6b) ($29.0m)
Purchase Of Intangibles — — — — — — ($1.9b) ($234.0m) ($237.0m) ($144.0m)
Purchase Of PPE — $907.0m $933.0m $807.0m $838.0m $1.3b ($31.5b) ($28.8b) ($30.7b) ($27.7b)
Sale Of Business — — — — — — $340.0m $0 $0 $886.0m
Sale Of Intangibles — — — — — — — $0 $0 $0
Sale Of PPE — — — — — — $16.0m $13.0m $19.0m $21.0m
Stock Based Compensation — — — — — — $16.0m $8.0m $8.0m $10.0m
Unrealized Gain Loss On Investment Securities — — — — — — $206.0m $147.0m $98.0m $92.0m
Profit or Loss $41.6b $1.4b $1.3b $1.1b $1.2b $1.3b $1.2b $1.2b $1.2b —
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $44.0m $5.0m $9.0m $2.0m $11.0m $1.0m $1.0m $1.0m $0 $21.0m
Capital Expenditure — — — — — — ($33.4b) ($29.0b) ($31.0b) ($27.8b)
Net Investment Properties Purchase And Sale — — — — — — ($18.0m) ($4.0m) ($54.0m) ($74.0m)
Net Investment Purchase And Sale — — — — — — $1.3b ($5.3b) ($17.1b) ($736.0m)
Purchase Of Investment — — — — — — ($6.0b) ($75.4b) ($45.7b) ($55.9b)
Purchase Of Investment Properties — — — — — — ($18.0m) ($4.0m) ($54.0m) ($74.0m)
Sale Of Investment — — — — — — $7.4b $70.0b $28.6b $55.2b
Sale Of Investment Properties — — — — — $0 $0 — — —
Net Other Investing Changes — — — — — — $235.0m ($1.7b) ($1.6b) ($2.3b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $4.8b $735.0m $2.6b $7.2b
Long Term Debt Issuance — — — — — — $3.5b $35.0m $0 $3.5b
Net Issuance Payments Of Debt — — — — — — $380.0m ($4.3b) ($4.0b) ($9.3b)
Net Long Term Debt Issuance — — — — — — ($277.0m) ($3.9b) ($3.9b) ($9.5b)
Net Short Term Debt Issuance — — — — — — $657.0m ($370.0m) ($137.0m) $190.0m
Short Term Debt Issuance — — — — — — $1.3b $700.0m $2.6b $3.7b
Long Term Debt Payments — — — — — — ($3.8b) ($3.9b) ($3.9b) ($13.0b)
Repayment Of Debt — — — — — — ($4.4b) ($5.0b) ($6.6b) ($16.5b)
Short Term Debt Payments — — — — — — ($635.0m) ($1.1b) ($2.7b) ($3.6b)
Cash dividends distributed to noncontrolling interests ($710) ($942) ($958) ($710) ($775) ($896) ($1k) ($1k) ($898) ($1k)
Change in other noncontrolling interests $1.2b $2.8b $1.8b $18.0m $81.0m $54.0m $200.0m $43.0m $37.0m $1.4b
Dividends paid $42.6b $38.3b $37.2b $34.7b $32.8b $33.4b $35.7b $36.5b $36.9b —
Payments of Dividends $42.6b $38.3b $37.2b $34.7b $32.8b $33.4b $35.7b $36.5b $36.9b —
Dividends Paid Classified As Financing Activities $42.6b $1.3b $1.2b $1.2b $1.2b $1.2b $1.2b $1.2b $1.1b —
Dividend income ($391.0m) ($328.0m) ($396.0m) ($296.0m) ($246.0m) ($154.0m) ($157.0m) ($167.0m) ($240.0m) ($281.0m)
Dividends received $1k $675 $600 $602 $516 $622 $550 $467 $663 $912
Cash dividends paid ($42.6b) ($38.3b) ($37.2b) ($34.7b) ($32.8b) ($33.4b) ($35.7b) ($36.5b) ($36.9b) ($38.8b)
Unclaimed dividend $0 $3.0m $2.0m $1.0m $2.0m $2.0m $2.0m $2.0m $2.0m $2.0m
Common Stock Dividend Paid — — — — — — ($35.7b) ($36.9b) ($36.5b) ($38.8b)
Dividends Received CFI — — — — — — $550.0m $663.0m $467.0m $912.0m
Net Other Financing Charges — — — — — — $566.0m ($327.0m) ($233.0m) ($390.0m)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS $58.0m $122.0m $103.0m $39.0m ($30.0m) ($13.0m) $52.0m ($24.0m) $40.0m ($20.0m)
Effect Of Exchange Rate Changes — — — — — — $52.0m $40.0m ($24.0m) ($20.0m)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $829.0m ($2.3b) ($1.2b) $6.4b ($3.6b) $9.4b $10.4b ($16.4b) $2.4b $684.0m
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR $31.1b $28.8b $27.6b $34.0b $30.4b $39.8b $50.2b $33.8b $36.3b $36.9b
Change In Cash Supplemental As Reported — — — — — — $10.4b $2.4b ($16.4b) $684.0m
Interest Paid Classified As Operating Activities $20.0m $1.0m $1.0m $4.0m $5.0m $6.0m $7.0m $10.0m $10.0m ($364.0m)
Income taxes paid ($9.0b) ($5.8b) ($10.9b) ($8.4b) ($7.9b) ($8.2b) ($8.4b) ($9.1b) ($8.9b) ($9.2b)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.