
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330

Income Statement
Earnings Waterfall
Taiwan Semiconductor Manufacturing Co Ltd
Revenue
|
2.9T
TWD
|
Cost of Revenue
|
-1.3T
TWD
|
Gross Profit
|
1.6T
TWD
|
Operating Expenses
|
-302.3B
TWD
|
Operating Income
|
1.3T
TWD
|
Other Expenses
|
-148.8B
TWD
|
Net Income
|
1.2T
TWD
|
Income Statement
Taiwan Semiconductor Manufacturing Co Ltd
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
762 806
N/A
|
836 625
+10%
|
859 045
+3%
|
862 500
+0%
|
843 497
-2%
|
824 959
-2%
|
841 329
+2%
|
889 230
+6%
|
947 938
+7%
|
978 357
+3%
|
970 403
-1%
|
962 104
-1%
|
977 447
+2%
|
991 612
+1%
|
1 011 033
+2%
|
1 019 274
+1%
|
1 031 474
+1%
|
1 002 099
-3%
|
1 009 821
+1%
|
1 042 519
+3%
|
1 069 985
+3%
|
1 161 878
+9%
|
1 231 578
+6%
|
1 294 959
+5%
|
1 339 255
+3%
|
1 391 068
+4%
|
1 452 515
+4%
|
1 510 759
+4%
|
1 587 415
+5%
|
1 716 081
+8%
|
1 878 076
+9%
|
2 076 549
+11%
|
2 263 891
+9%
|
2 281 448
+1%
|
2 228 149
-2%
|
2 161 739
-3%
|
2 161 736
0%
|
2 245 747
+4%
|
2 438 416
+9%
|
2 651 375
+9%
|
2 894 308
+9%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(385 113)
|
(419 859)
|
(433 769)
|
(440 486)
|
(433 118)
|
(432 657)
|
(434 390)
|
(452 568)
|
(473 077)
|
(473 381)
|
(471 014)
|
(468 878)
|
(482 616)
|
(493 292)
|
(509 878)
|
(520 615)
|
(533 488)
|
(538 736)
|
(554 372)
|
(571 019)
|
(577 287)
|
(598 748)
|
(607 428)
|
(619 760)
|
(628 108)
|
(650 866)
|
(690 809)
|
(726 788)
|
(767 878)
|
(813 180)
|
(845 904)
|
(886 624)
|
(915 536)
|
(919 796)
|
(921 765)
|
(929 211)
|
(986 625)
|
(1 042 632)
|
(1 137 376)
|
(1 207 632)
|
(1 269 954)
|
|
Gross Profit |
377 693
N/A
|
416 766
+10%
|
425 276
+2%
|
422 014
-1%
|
410 380
-3%
|
392 301
-4%
|
406 939
+4%
|
436 661
+7%
|
474 861
+9%
|
504 976
+6%
|
499 388
-1%
|
493 226
-1%
|
494 831
+0%
|
498 320
+1%
|
501 155
+1%
|
498 659
0%
|
497 986
0%
|
463 363
-7%
|
455 449
-2%
|
471 500
+4%
|
492 699
+4%
|
563 131
+14%
|
624 150
+11%
|
675 199
+8%
|
711 147
+5%
|
740 202
+4%
|
761 706
+3%
|
783 971
+3%
|
819 537
+5%
|
902 901
+10%
|
1 032 172
+14%
|
1 189 925
+15%
|
1 348 355
+13%
|
1 361 652
+1%
|
1 306 384
-4%
|
1 232 528
-6%
|
1 175 111
-5%
|
1 203 115
+2%
|
1 301 040
+8%
|
1 443 743
+11%
|
1 624 354
+13%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(81 823)
|
(86 999)
|
(89 149)
|
(91 714)
|
(88 220)
|
(88 412)
|
(88 798)
|
(90 647)
|
(96 950)
|
(102 134)
|
(104 611)
|
(106 654)
|
(108 174)
|
(111 286)
|
(112 948)
|
(113 264)
|
(112 933)
|
(112 602)
|
(112 811)
|
(116 221)
|
(119 349)
|
(126 174)
|
(132 403)
|
(141 291)
|
(144 363)
|
(151 402)
|
(158 333)
|
(159 642)
|
(169 556)
|
(179 668)
|
(192 483)
|
(210 915)
|
(227 076)
|
(232 925)
|
(237 823)
|
(246 226)
|
(253 645)
|
(263 899)
|
(277 197)
|
(287 199)
|
(302 301)
|
|
Selling, General & Administrative |
(24 021)
|
(23 969)
|
(23 269)
|
(23 007)
|
(22 922)
|
(22 425)
|
(22 586)
|
(24 028)
|
(25 696)
|
(27 180)
|
(27 386)
|
(26 761)
|
(27 169)
|
(26 725)
|
(26 964)
|
(26 715)
|
(26 254)
|
(25 555)
|
(24 777)
|
(25 942)
|
(28 086)
|
(29 839)
|
(32 696)
|
(36 496)
|
(35 570)
|
(36 572)
|
(37 654)
|
(37 230)
|
(44 488)
|
(48 695)
|
(52 711)
|
(59 136)
|
(63 445)
|
(67 035)
|
(69 839)
|
(70 201)
|
(71 464)
|
(74 559)
|
(80 268)
|
(88 992)
|
(96 889)
|
|
Research & Development |
(56 829)
|
(61 542)
|
(64 544)
|
(65 823)
|
(65 545)
|
(64 382)
|
(64 673)
|
(66 911)
|
(71 208)
|
(75 001)
|
(77 155)
|
(79 476)
|
(80 732)
|
(81 749)
|
(82 583)
|
(83 424)
|
(85 896)
|
(85 884)
|
(87 386)
|
(89 472)
|
(91 419)
|
(95 970)
|
(99 470)
|
(105 181)
|
(109 486)
|
(115 274)
|
(121 254)
|
(122 437)
|
(124 735)
|
(130 027)
|
(138 803)
|
(150 914)
|
(163 262)
|
(166 371)
|
(168 387)
|
(176 547)
|
(182 370)
|
(189 322)
|
(195 715)
|
(197 361)
|
(204 182)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(28)
|
(10)
|
(16)
|
(22)
|
(24)
|
(24)
|
(23)
|
(20)
|
(36)
|
(102)
|
(158)
|
(169)
|
(148)
|
(75)
|
(16)
|
(6)
|
(9)
|
(11)
|
(10)
|
(7)
|
(7)
|
0
|
(12)
|
(19)
|
0
|
|
Other Operating Expenses |
(974)
|
(1 488)
|
(1 336)
|
(2 883)
|
247
|
(1 605)
|
(1 538)
|
293
|
(46)
|
48
|
(70)
|
(417)
|
(272)
|
(2 813)
|
(3 401)
|
(3 125)
|
(756)
|
(1 153)
|
(631)
|
(784)
|
180
|
(340)
|
(214)
|
407
|
729
|
546
|
734
|
193
|
(186)
|
(871)
|
(954)
|
(859)
|
(359)
|
491
|
413
|
530
|
196
|
(18)
|
(1 202)
|
(827)
|
(1 230)
|
|
Operating Income |
295 870
N/A
|
329 767
+11%
|
336 127
+2%
|
330 300
-2%
|
322 160
-2%
|
303 889
-6%
|
318 141
+5%
|
346 014
+9%
|
377 911
+9%
|
402 843
+7%
|
394 777
-2%
|
386 572
-2%
|
386 657
+0%
|
387 034
+0%
|
388 207
+0%
|
385 395
-1%
|
385 053
0%
|
350 761
-9%
|
342 637
-2%
|
355 279
+4%
|
373 350
+5%
|
436 957
+17%
|
491 747
+13%
|
533 907
+9%
|
566 784
+6%
|
588 800
+4%
|
603 373
+2%
|
624 329
+3%
|
649 981
+4%
|
723 233
+11%
|
839 689
+16%
|
979 010
+17%
|
1 121 279
+15%
|
1 128 727
+1%
|
1 068 561
-5%
|
986 302
-8%
|
921 466
-7%
|
939 216
+2%
|
1 023 843
+9%
|
1 156 544
+13%
|
1 322 053
+14%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2 838
|
3 310
|
20 835
|
24 585
|
30 631
|
25 570
|
6 378
|
2 712
|
8 026
|
1 484
|
1 295
|
1 097
|
10 201
|
299
|
3 204
|
6 540
|
14 012
|
14 440
|
15 575
|
16 388
|
16 485
|
16 609
|
17 279
|
17 682
|
16 910
|
17 648
|
16 028
|
13 909
|
11 680
|
10 398
|
10 771
|
14 427
|
21 944
|
32 140
|
40 868
|
48 402
|
56 329
|
61 184
|
68 326
|
77 784
|
81 598
|
|
Non-Reccuring Items |
(212)
|
0
|
0
|
(167)
|
(2 405)
|
(293)
|
(360)
|
(252)
|
(112)
|
(170)
|
(103)
|
(83)
|
(1 110)
|
2
|
1
|
6
|
(1 427)
|
302
|
299
|
294
|
(655)
|
(8)
|
(3)
|
(3)
|
(4)
|
(2)
|
(0)
|
6
|
3
|
(10)
|
(23)
|
(36)
|
(52)
|
(47)
|
(50)
|
(60)
|
(36)
|
0
|
(28)
|
(23)
|
0
|
|
Total Other Income |
3 582
|
3 963
|
4 116
|
4 378
|
43
|
5 260
|
5 541
|
6 082
|
134
|
7 369
|
8 268
|
8 920
|
385
|
10 920
|
8 313
|
6 162
|
(128)
|
245
|
195
|
184
|
665
|
253
|
641
|
866
|
1 087
|
1 248
|
1 286
|
1 171
|
1 463
|
1 273
|
1 064
|
938
|
1 020
|
814
|
931
|
916
|
1 412
|
1 039
|
933
|
1 016
|
2 188
|
|
Pre-Tax Income |
302 078
N/A
|
337 040
+12%
|
361 078
+7%
|
359 096
-1%
|
350 429
-2%
|
334 426
-5%
|
329 701
-1%
|
354 556
+8%
|
385 959
+9%
|
411 526
+7%
|
404 237
-2%
|
396 506
-2%
|
396 133
0%
|
398 254
+1%
|
399 724
+0%
|
398 103
0%
|
397 510
0%
|
365 748
-8%
|
358 706
-2%
|
372 145
+4%
|
389 845
+5%
|
453 811
+16%
|
509 664
+12%
|
552 452
+8%
|
584 777
+6%
|
607 694
+4%
|
620 687
+2%
|
639 414
+3%
|
663 126
+4%
|
734 894
+11%
|
851 501
+16%
|
994 340
+17%
|
1 144 191
+15%
|
1 161 634
+2%
|
1 110 311
-4%
|
1 035 560
-7%
|
979 171
-5%
|
1 001 439
+2%
|
1 093 075
+9%
|
1 235 321
+13%
|
1 405 839
+14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(38 314)
|
(42 134)
|
(46 415)
|
(45 416)
|
(43 873)
|
(42 061)
|
(44 220)
|
(47 603)
|
(51 621)
|
(54 359)
|
(53 328)
|
(52 437)
|
(52 986)
|
(52 941)
|
(48 388)
|
(47 618)
|
(46 326)
|
(42 964)
|
(41 440)
|
(42 874)
|
(44 502)
|
(52 791)
|
(54 528)
|
(61 040)
|
(66 619)
|
(66 860)
|
(66 264)
|
(65 890)
|
(66 053)
|
(74 686)
|
(88 595)
|
(106 945)
|
(127 290)
|
(140 658)
|
(144 798)
|
(140 220)
|
(141 404)
|
(145 400)
|
(171 091)
|
(199 053)
|
(233 407)
|
|
Income from Continuing Operations |
263 764
|
294 906
|
314 663
|
313 680
|
306 556
|
292 365
|
285 480
|
306 952
|
334 338
|
357 167
|
350 909
|
344 069
|
343 147
|
345 314
|
351 336
|
350 485
|
351 184
|
322 784
|
317 267
|
329 271
|
345 344
|
401 019
|
455 136
|
491 412
|
518 158
|
540 834
|
554 423
|
573 524
|
597 073
|
660 208
|
762 906
|
887 396
|
1 016 901
|
1 020 976
|
965 513
|
895 340
|
837 768
|
856 039
|
921 984
|
1 036 269
|
1 172 432
|
|
Income to Minority Interest |
118
|
99
|
61
|
42
|
18
|
1
|
(26)
|
(68)
|
(91)
|
(72)
|
(50)
|
(43)
|
(35)
|
(46)
|
(50)
|
(52)
|
(54)
|
(44)
|
(52)
|
(58)
|
(80)
|
(163)
|
(222)
|
(258)
|
(273)
|
(245)
|
(297)
|
(450)
|
(533)
|
(625)
|
(655)
|
(537)
|
(370)
|
(192)
|
43
|
350
|
730
|
957
|
1 059
|
1 031
|
836
|
|
Net Income (Common) |
263 882
N/A
|
295 005
+12%
|
314 724
+7%
|
313 722
0%
|
306 574
-2%
|
292 365
-5%
|
285 454
-2%
|
306 884
+8%
|
334 247
+9%
|
357 095
+7%
|
350 859
-2%
|
344 026
-2%
|
343 111
0%
|
345 267
+1%
|
351 287
+2%
|
350 433
0%
|
351 131
+0%
|
322 740
-8%
|
317 214
-2%
|
329 213
+4%
|
345 264
+5%
|
400 857
+16%
|
454 914
+13%
|
491 154
+8%
|
517 885
+5%
|
540 589
+4%
|
554 126
+3%
|
573 074
+3%
|
596 540
+4%
|
659 582
+11%
|
762 251
+16%
|
886 858
+16%
|
1 016 530
+15%
|
1 020 784
+0%
|
965 556
-5%
|
895 690
-7%
|
838 498
-6%
|
856 996
+2%
|
923 043
+8%
|
1 037 300
+12%
|
1 173 268
+13%
|
|
EPS (Diluted) |
10.17
N/A
|
11.37
+12%
|
12.13
+7%
|
12.1
0%
|
11.82
-2%
|
11.28
-5%
|
11.02
-2%
|
11.84
+7%
|
12.89
+9%
|
13.77
+7%
|
13.53
-2%
|
13.27
-2%
|
13.23
0%
|
13.32
+1%
|
13.55
+2%
|
13.52
0%
|
13.54
+0%
|
12.46
-8%
|
12.24
-2%
|
12.7
+4%
|
13.32
+5%
|
15.45
+16%
|
17.54
+14%
|
18.94
+8%
|
19.97
+5%
|
20.86
+4%
|
21.38
+2%
|
22.11
+3%
|
23.01
+4%
|
25.44
+11%
|
29.4
+16%
|
34.2
+16%
|
39.2
+15%
|
39.36
+0%
|
37.23
-5%
|
34.54
-7%
|
32.34
-6%
|
33.06
+2%
|
35.61
+8%
|
40.01
+12%
|
45.25
+13%
|