← TAIWAN SEMICONDUCTOR MANUFACTURING 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 | — | — | — | — | — | — | $992.9b | $851.7b | $1.2t | $1.7t | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.1t | $979.3b | $1.4t | $2.0t | |
| Other Adjustments To Reconcile Profit Loss | — | — | — | — | — | ($15.0m) | $4.5m | ($11.0m) | ($13.3m) | — | |
| Depreciation expense | $220.1b | $255.8b | $288.1b | $281.4b | $324.5b | $414.2b | $428.5b | $522.9b | $653.6b | $679.7b | |
| Amortization expense | $3.7b | $4.3b | $4.4b | $5.5b | $7.2b | $8.2b | $8.8b | $9.3b | $9.2b | $8.4b | |
| Amortization Cash Flow | — | — | — | — | — | — | $8.8b | $9.3b | $9.2b | $8.4b | |
| Amortization Of Intangibles | — | — | — | — | — | — | $8.8b | $9.3b | $9.2b | $8.4b | |
| Depreciation | — | — | — | — | — | — | $428.5b | $522.9b | $653.6b | $679.7b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $437.3b | $532.2b | $662.8b | $688.1b | |
| Adjustments For Deferred Tax Of Prior Periods | — | — | — | — | — | — | — | — | $3.9b | — | |
| Adjustments For Share-Based Payments | — | — | — | $100k | $200k | $300k | $9.8m | $15.8m | $37.9m | — | |
| Share-based compensation | — | — | — | $2.8m | $6.6m | $7.8m | $302.4m | $483.0m | $1.2b | $1.2b | |
| Asset Impairment Charge | — | — | — | — | — | — | $843.1m | $35.7m | $1.2b | $778.1m | |
| Gain on disposal of investments accounted for using equity method, net | — | — | — | — | — | — | — | ($15.8m) | ($7.1m) | $0 | |
| Investments accounted for using equity method | — | — | — | — | — | — | — | $0 | ($3.7b) | $0 | |
| Dividends received from investments accounted for using equity method | $5k | $4k | $3k | $2k | $3k | $2k | $3k | $3k | $3k | $3k | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($7.7b) | ($4.8b) | ($4.9b) | ($5.5b) | |
| Additional Financial Items | |||||||||||
| Adjustments For Current Tax Of Prior Period | ($16.6b) | ($19.1b) | ($21.8b) | ($10.2b) | ($7.6b) | ($14.5b) | ($19.4b) | ($32.8b) | ($30.0b) | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | ($49.3b) | $35.8m | ($433.6m) | ($605.8m) | ($287.8m) | ($1.9b) | ($1.0b) | $928.9m | ($2.1b) | — | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | — | — | — | — | — | — | — | $500k | $200k | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $7.3b | $86.8m | $148.3m | $195.9m | $14.4m | $299.2m | $247.1m | $27.7m | $520.7m | — | |
| General And Administrative Expense | — | — | $662.1m | $726.7m | $1.0b | $1.3b | $1.7b | $2.0b | $2.6b | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $98.0m | $93.2m | $71.6m | $79.0m | $93.2m | $87.6m | — | |
| Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets | $30.1b | $2.3b | — | — | — | — | — | — | — | — | |
| Proceeds From Issuing Shares | — | — | $840.6m | $873.5m | $10k | $628.7m | $561.6m | $272.0m | $6.2b | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $4.2b | $151.2m | $232.0m | $311.9m | $339.8m | $325.9m | $226.3m | $180.2m | $270.7m | — | |
| Income before income tax | $385.9b | $396.2b | $397.5b | $389.9b | $584.7b | $663.0b | $1.1t | $979.3b | $1.4t | $2.0t | |
| Expected credit losses recognized (reversal) on investments in debt instruments | — | — | ($2.4m) | $1.7m | $3.7m | ($2.7m) | $52.4m | $35.7m | $49.9m | ($3.9m) | |
| Finance costs | $3.3b | $3.3b | $3.1b | $3.3b | $2.1b | $5.4b | $11.8b | $12.0b | $10.5b | $12.4b | |
| Share of profits of associates | ($3.5b) | ($3.0b) | ($3.1b) | ($2.9b) | ($3.6b) | ($5.5b) | ($7.7b) | ($4.8b) | ($4.9b) | ($5.5b) | |
| Interest income | ($6.3b) | ($9.5b) | ($14.7b) | ($16.2b) | ($9.0b) | ($5.7b) | ($22.4b) | ($60.3b) | ($87.2b) | ($105.7b) | |
| Loss (gain) on disposal or retirement of intangible assets, net | — | — | — | $2.4m | $600k | $1.2m | $6.0m | ($3.0m) | $0 | $4.5m | |
| Loss (gain) on financial instruments at fair value through profit or loss, net | — | — | $358.2m | $955.7m | ($3.0m) | — | — | ($12.4m) | $137.7m | ($353.1m) | |
| Loss on disposal of investments in debt instruments at fair value through other comprehensive income, net | — | — | $989.1m | ($537.8m) | ($1.4b) | ($93.2m) | $410.1m | $473.9m | $683.1m | $200.2m | |
| Loss from disposal of subsidiaries | $36.1m | ($17.3m) | — | $4.6m | — | — | — | $0 | $0 | $168.0m | |
| Loss (gain) on foreign exchange, net | ($2.7b) | ($9.1b) | $2.9b | ($5.2b) | ($1.4b) | ($16.1b) | $10.3b | ($246.7m) | $4.6b | $4.3b | |
| Others | — | — | — | ($5.5m) | $13.5m | ($414.2m) | $138.8m | ($338.0m) | ($435.7m) | $1.0b | |
| Financial instruments at fair value through profit or loss | ($6.3b) | $5.6b | $480.1m | $848.8m | ($3.0b) | $2.6b | ($1.4b) | $289.6m | $842.6m | ($260.1m) | |
| Notes and accounts receivable, net | ($49.3b) | $1.1b | ($13.3b) | ($18.1b) | ($8.1b) | ($52.1b) | ($32.2b) | $28.4b | ($69.4b) | ($8.4b) | |
| Receivables from related parties | ($463.8m) | ($214.6m) | $599.7m | ($277.7m) | $304.0m | ($157.2m) | ($868.7m) | $959.5m | ($780.1m) | ($1.3b) | |
| Other receivables from related parties | ($21.8m) | ($13.9m) | $106.1m | $13.4m | $7.6m | ($10.9m) | ($7.5m) | ($2.9m) | $71.7m | ($267.9m) | |
| Inventories | $18.4b | ($25.2b) | ($29.4b) | $20.2b | ($54.4b) | ($55.7b) | ($28.0b) | ($29.8b) | ($36.9b) | ($240.7m) | |
| Other financial assets | ($41.6m) | ($502.3m) | ($4.6b) | $3.4b | $1.4b | ($8.2b) | ($1.7b) | $1.9b | ($2.4b) | $64.5b | |
| Other current assets | $94.5m | $12.1m | ($513.0m) | ($76.3m) | ($1.4b) | ($3.9b) | ($4.5b) | ($12.5b) | ($15.5b) | ($74.6b) | |
| Other noncurrent assets | ($349.8m) | ($1.3b) | $152.6m | — | — | — | — | ($720.3m) | ($3.9b) | ($38.8b) | |
| Accounts payable | $7.3b | $2.6b | $4.5b | $5.9b | $404.6m | $8.3b | $7.6b | $847.0m | $17.1b | $9.8b | |
| Payables to related parties | $139.8m | $394.2m | ($279.9m) | $58.4m | $672.8m | ($670.5m) | $205.4m | ($76.3m) | ($140.3m) | $352.7m | |
| Salary and bonus payable | $2.0b | $582.1m | $216.5m | $1.8b | $3.8b | $3.7b | $12.6b | ($3.2b) | $14.3b | $16.4b | |
| Accrued profit sharing bonus to employees and compensation to directors | — | — | — | — | $12.0b | $843.7m | $25.2b | ($11.0b) | $20.2b | $32.5b | |
| Accrued expenses and other current liabilities | $3.7b | $30.4b | ($20.2b) | ($2.4b) | $20.6b | $84.3b | $46.6b | ($44.5b) | $74.7b | ($103.2b) | |
| Other noncurrent liabilities | — | — | — | — | — | $154.1b | $101.4b | $13.3b | $16.8b | $385.1m | |
| Net defined benefit liability | $46.2m | $44.6m | ($60.5m) | ($215.0m) | ($785.2m) | ($635.2m) | ($2.5b) | ($687.2m) | ($1.5b) | ($2.3b) | |
| Cash generated from operations | $585.8b | $648.9b | $619.3b | $667.2b | $874.0b | $1.2t | $1.7t | $1.4t | $2.0t | $2.5t | |
| Financial assets at fair value through other comprehensive income | — | — | — | — | — | — | — | $35.7b | $67.7b | $80.1b | |
| Financial assets at amortized cost | — | — | — | — | — | — | — | $134.6b | $118.4b | $138.2b | |
| Hedging financial instruments | — | — | — | — | — | — | — | $0 | $0 | ($631.6m) | |
| Intangible assets | ($4.2b) | ($4.5b) | ($7.1b) | ($9.3b) | ($9.5b) | ($9.0b) | ($7.0b) | ($5.5b) | ($8.9b) | $0 | |
| Derecognition of derivative financial instruments | — | — | — | — | — | — | — | $0 | $0 | ($5.7b) | |
| Proceeds from return of capital of investments in equity instruments at fair value through other comprehensive income | — | — | $127.9m | $1.1m | $51.1m | $115.6m | $2.9m | $128.0m | $325.9m | $101.5m | |
| Derecognition of hedging financial instruments | — | — | $250.5m | ($436.6m) | ($308.8m) | $276.3m | $1.7b | $68.2m | $118.3m | $566.9m | |
| Interest received | $6.4b | $9.5b | $14.7b | $16.9b | $9.8b | $6.0b | $18.1b | $55.9b | $76.4b | $99.0b | |
| Proceeds from government grants - others | — | — | — | — | — | — | — | $1.2m | $300k | $0 | |
| Increase in prepayments for leases | — | — | — | — | ($4.7b) | ($1.2b) | $0 | ($63.2m) | ($99.4m) | ($39.8m) | |
| Refundable deposits paid | ($145.0m) | ($1.3b) | ($2.2b) | ($1.5b) | ($726.9m) | ($2.0b) | ($2.1b) | ($4.1b) | ($1.3b) | ($420.2m) | |
| Refundable deposits refunded | $169.9m | $433.0m | $1.9b | $1.0b | $1.4b | $683.7m | $505.4m | $1.5b | $3.3b | $1.5b | |
| Increase (decrease) in hedging financial liabilities - bank loans | — | — | — | — | — | — | $0 | $27.9b | ($26.5b) | $335.1m | |
| Proceeds from issuance of bonds | — | — | — | — | $236.7b | $364.6b | $198.3b | $85.7b | $34.3b | $86.9b | |
| Repayment of bonds | ($23.5b) | ($38.1b) | ($58.0b) | ($34.9b) | ($31.8b) | ($2.6b) | ($4.4b) | ($18.1b) | ($7.0b) | ($54.3b) | |
| Proceeds from long-term bank loans | — | — | — | — | $2.0b | $1.5b | $2.7b | $2.5b | $30.9b | $10.7b | |
| Repayment of long-term bank loans | ($8.5m) | ($31.4m) | — | — | — | — | ($166.7m) | ($1.8b) | ($2.3b) | ($2.7b) | |
| Payments for transaction costs attributable to the issuance of bonds | — | — | — | — | ($390.7m) | ($737.7m) | ($414.3m) | ($88.7m) | ($35.7m) | ($90.3m) | |
| Treasury stock acquired | — | — | — | — | — | — | ($871.6m) | $0 | ($3.1b) | $0 | |
| Repayment of the principal portion of lease liabilities | — | — | — | ($2.9b) | ($2.6b) | ($2.0b) | ($2.4b) | ($2.9b) | ($2.9b) | ($3.5b) | |
| Guarantee deposits received | $6.4b | $950.9m | $1.7b | $62.2m | $145.6m | $469.0m | $271.4m | $230.1m | $5.0m | $3.0m | |
| Guarantee deposits refunded | ($523.3m) | ($3.8b) | ($1.9b) | ($701.3m) | ($16.1m) | ($36.8m) | ($62.1m) | ($367.4m) | ($93.3m) | ($48.5m) | |
| Disposal of ownership interests in subsidiaries (without losing control) | — | — | — | — | — | $9.5b | — | $0 | $1.0m | $0 | |
| Donation from shareholders | — | $20.9m | $10.1m | $4.0m | $7.3m | $11.3m | $13.2m | $16.5m | $8.9m | $26.8m | |
| Increase in non-controlling interests | — | — | — | — | — | ($115.0m) | $16.3b | $11.0b | $12.2b | $8.3b | |
| Beginning Cash Position | — | — | — | — | — | — | $1.1t | $1.3t | $1.5t | $2.1t | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($200.2b) | ($204.9b) | ($346.3b) | ($440.3b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.2t) | ($906.1b) | ($864.8b) | ($1.1t) | |
| Change In Account Payable | — | — | — | — | — | — | $7.6b | $847.0m | $17.1b | $9.8b | |
| Change In Accrued Expense | — | — | — | — | — | — | $71.8b | ($55.5b) | $94.8b | ($70.7b) | |
| Change In Inventory | — | — | — | — | — | — | ($28.0b) | ($29.8b) | ($36.9b) | ($240.7m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($6.1b) | ($11.4b) | ($21.8b) | ($48.9b) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $101.4b | $13.3b | $16.8b | $385.1m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($3.9b) | ($397.6m) | ($689.6m) | $6.2b | |
| Change In Payable | — | — | — | — | — | — | $20.4b | ($2.5b) | $31.2b | $26.5b | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $92.2b | ($58.0b) | $126.0b | ($44.2b) | |
| Change In Receivables | — | — | — | — | — | — | ($33.0b) | $29.4b | ($70.1b) | ($10.0b) | |
| Change In Working Capital | — | — | — | — | — | — | $122.5b | ($56.9b) | $13.4b | ($96.8b) | |
| Changes In Account Receivables | — | — | — | — | — | ($52.1b) | ($32.2b) | — | — | — | |
| Changes In Cash | — | — | — | — | — | — | $219.4b | $131.0b | $615.0b | $690.2b | |
| End Cash Position | — | — | — | — | — | — | $1.3t | $1.5t | $2.1t | $2.8t | |
| Financing Cash Flow | — | — | — | — | — | — | ($200.2b) | ($204.9b) | ($346.3b) | ($440.3b) | |
| Free Cash Flow | — | — | — | — | — | — | $521.0b | $286.6b | $861.2b | $992.4b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $143.3m | ($2.6m) | $253.9m | ($744.6m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | ($15.8m) | ($7.1m) | $168.0m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($92.9m) | $366.1m | $2.6b | $1.6b | |
| Interest Received CFI | — | — | — | — | — | — | $18.1b | $55.9b | $76.4b | $99.0b | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.2t) | ($906.1b) | ($864.8b) | ($1.1t) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($3.7b) | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $10.3b | ($246.7m) | $4.6b | $4.3b | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($6.9b) | ($5.5b) | ($8.8b) | ($10.1b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($1.1t) | ($949.2b) | ($955.2b) | ($1.3t) | |
| Operating Gains Losses | — | — | — | — | — | — | $2.7b | ($4.7b) | $2.5b | ($170.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($10.5b) | ($48.6b) | ($77.2b) | ($92.3b) | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($3.7b) | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($7.0b) | ($5.5b) | ($8.9b) | ($10.1b) | |
| Purchase Of PPE | — | $11.2b | $10.3b | $15.4b | $18.1b | $30.3b | ($1.1t) | ($949.9b) | ($956.1b) | ($1.3t) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($871.6m) | $0 | ($3.1b) | $0 | |
| Sale Of Intangibles | — | — | — | — | — | — | $12.6m | $3.1m | $57.2m | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $983.3m | $703.9m | $894.6m | $797.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $302.4m | $483.0m | $1.2b | $1.2b | |
| Profit or Loss | $331.8b | $11.6b | $11.9b | $11.8b | $18.2b | $21.4b | $32.3b | $27.8b | $35.3b | — | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $98.1m | $11.0m | $5.9m | $9.6m | $21.6m | $14.1m | $32.0m | $23.0m | $27.3m | $76.3b | |
| Capital Expenditure | — | — | — | — | — | — | ($1.1t) | ($955.4b) | ($965.0b) | ($1.3t) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($128.8b) | ($55.8b) | ($54.1b) | ($42.8b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($237.8b) | ($226.3b) | ($240.6b) | ($261.7b) | |
| Sale Of Investment | — | — | — | — | — | — | $109.0b | $170.5b | $186.5b | $218.9b | |
| Net Other Investing Changes | — | — | — | — | — | — | $5.4b | $44.9b | $77.1b | $77.3b | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $201.0b | $116.1b | $65.2b | $97.9b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $201.0b | $88.2b | $65.2b | $97.6b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $82.0b | $93.3b | $26.5b | $37.4b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $194.0b | $65.4b | $53.0b | $37.0b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($112.0b) | $27.9b | ($26.5b) | $335.1m | |
| Short Term Debt Issuance | — | — | — | — | — | $35.7b | $0 | $27.9b | — | $335.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($7.0b) | ($22.7b) | ($12.2b) | ($60.5b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($119.0b) | ($22.7b) | ($38.7b) | ($60.5b) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($112.0b) | $0 | ($26.5b) | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($871.6m) | $0 | ($3.1b) | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($871.6m) | $0 | ($3.1b) | $0 | |
| Dividends paid | $155.6b | $181.5b | $207.4b | $389.0b | $259.3b | $278.8b | $285.2b | $317.7b | $414.9b | — | |
| Dividends Paid Classified As Financing Activities | $155.6b | $6.1b | $6.8b | $8.7b | $9.2b | $9.6b | $9.3b | $9.5b | $11.1b | — | |
| Dividends Paid Ordinary Shares Per Share | $6.00 | $7.00 | $8.00 | — | — | — | — | — | — | — | |
| Dividend income | ($137.4m) | ($145.6m) | ($158.4m) | ($417.3m) | ($637.6m) | ($362.3m) | ($266.8m) | ($464.1m) | ($566.9m) | ($591.7m) | |
| Other dividends received | $137 | $146 | $158 | $320 | $735 | $362 | $267 | $445 | $542 | $635 | |
| Cash dividends | ($155.6b) | ($181.5b) | ($207.4b) | ($259.3b) | ($259.3b) | ($265.8b) | ($285.2b) | ($291.7b) | ($363.1b) | ($466.8b) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($285.2b) | ($291.7b) | ($363.1b) | ($466.8b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($285.2b) | ($291.7b) | ($363.1b) | ($466.8b) | |
| Dividends Received CFI | — | — | — | — | — | — | $3.0b | $3.5b | $3.5b | $3.9b | |
| Net Other Financing Charges | — | — | — | — | — | — | $16.1b | $10.8b | $12.1b | $8.2b | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | ($8.0b) | ($21.3b) | $9.9b | ($9.1b) | ($23.5b) | ($7.6b) | $58.4b | ($8.3b) | $47.2b | ($50.0b) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $58.4b | ($8.3b) | $47.2b | ($50.0b) | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | ($21.4b) | $12.1b | $24.4b | ($122.4b) | $204.8b | $404.8b | $277.8b | $122.6b | $662.2b | $640.2b | |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | $541.3b | $553.4b | $577.8b | $455.4b | $23.5b | $1.1t | $1.3t | $1.5t | $2.1t | $2.8t | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $277.8b | $122.6b | $662.2b | $640.2b | |
| Interest Paid Classified As Financing Activities | $3.3b | $117.5m | $105.6m | $120.3m | $63.4m | $138.2m | $397.6m | $566.9m | $571.9m | ($19.1b) | |
| Income taxes paid | ($45.9b) | ($63.6b) | ($45.4b) | ($52.0b) | ($51.4b) | ($83.5b) | ($86.6b) | ($159.9b) | ($183.6b) | ($267.6b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.