United Microelectronics Corporation (TPE: 2303)

United Microelectronics Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	223,459	222,533	278,705	213,011	176,821	148,202
Revenue	223,459	222,533	278,705	213,011	176,821	148,202
Revenue Growth (YoY)	-11.93%	-20.15%	30.84%	20.47%	19.31%	-2.02%
Cost of Revenue	148,309	144,789	152,941	140,961	137,824	126,887
Gross Profit	75,150	77,744	125,764	72,050	38,997	21,315
Selling, General & Admin	10,087	10,702	13,856	12,661	10,816	9,126
Research & Development	14,460	13,284	12,954	12,935	12,896	11,860
Other Operating Expenses	-2,386	-3,734	-4,857	-5,083	-5,117	-5,231
Operating Expenses	22,029	20,121	21,955	20,507	18,203	16,382
Operating Income	53,121	57,622	103,809	51,543	20,794	4,933
Interest Expense	-1,592	-1,474	-1,785	-1,868	-2,004	-2,934
Interest & Investment Income	4,466	4,853	2,022	575.72	737.91	994.06
Earnings From Equity Investments	1,702	4,308	1,626	5,193	1,300	115.33
Currency Exchange Gain (Loss)	1,023	478.78	2,523	484.73	-100.14	-238.62
Other Non Operating Income (Expenses)	490.39	1,777	2,145	-451.79	768.98	1,857
EBT Excluding Unusual Items	59,210	67,565	110,340	55,477	21,497	4,726
Impairment of Goodwill	-	-	-	-	-	-7.4
Gain (Loss) on Sale of Investments	103.22	122.84	-1,197	2,876	-91.07	-42.06
Gain (Loss) on Sale of Assets	170.58	268.29	482.98	143.74	1,137	43.04
Asset Writedown	-	-	-	-	-	-84.97
Other Unusual Items	494	494	-	-	-	171.59
Pretax Income	59,978	68,450	109,626	58,496	22,543	4,807
Income Tax Expense	7,915	8,311	19,327	7,918	1,691	230.35
Earnings From Continuing Operations	52,063	60,139	90,299	50,578	20,852	4,576
Minority Interest in Earnings	44.61	-450.18	-819.96	668.25	2,009	3,579
Net Income	52,107	59,689	89,479	51,246	22,861	8,155
Net Income to Common	52,107	59,689	89,479	51,246	22,861	8,155
Net Income Growth	-35.00%	-33.29%	74.60%	124.17%	180.32%	6.22%
Shares Outstanding (Basic)	12,171	12,138	12,095	12,005	11,850	11,565
Shares Outstanding (Diluted)	12,375	12,382	12,490	12,245	12,250	12,951
Shares Change (YoY)	-0.90%	-0.86%	2.00%	-0.04%	-5.41%	-2.41%
EPS (Basic)	4.28	4.92	7.40	4.27	1.93	0.71
EPS (Diluted)	4.21	4.82	7.16	4.19	1.87	0.65
EPS Growth	-34.36%	-32.68%	70.88%	123.85%	187.07%	8.69%
Free Cash Flow	2,705	-5,474	65,733	42,317	39,400	38,386
Free Cash Flow Per Share	0.22	-0.44	5.26	3.46	3.22	2.96
Dividend Per Share	3.000	3.000	3.600	3.000	1.600	0.804
Dividend Growth	-16.67%	-16.67%	20.02%	87.51%	99.00%	36.29%
Gross Margin	33.63%	34.94%	45.12%	33.82%	22.05%	14.38%
Operating Margin	23.77%	25.89%	37.25%	24.20%	11.76%	3.33%
Profit Margin	23.32%	26.82%	32.11%	24.06%	12.93%	5.50%
Free Cash Flow Margin	1.21%	-2.46%	23.59%	19.87%	22.28%	25.90%
EBITDA	93,407	95,673	145,620	98,617	69,702	52,918
EBITDA Margin	41.80%	42.99%	52.25%	46.30%	39.42%	35.71%
D&A For EBITDA	40,287	38,051	41,811	47,075	48,908	47,985
EBIT	53,121	57,622	103,809	51,543	20,794	4,933
EBIT Margin	23.77%	25.89%	37.25%	24.20%	11.76%	3.33%
Effective Tax Rate	13.20%	12.14%	17.63%	13.54%	7.50%	4.79%

Source: S&P Capital IQ. Standard template. Financial Sources.