Taiwan Semiconductor Manufacturing Company Limited (TPE: 2330)

Taiwan Semiconductor Manufacturing Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,894,308	2,894,308	2,161,736	2,263,891	1,587,415	1,339,255
Revenue Growth (YoY)	33.89%	33.89%	-4.51%	42.61%	18.53%	25.17%
Cost of Revenue	1,269,954	1,269,954	986,625	915,536	767,878	628,125
Gross Profit	1,624,354	1,624,354	1,175,111	1,348,355	819,537	711,130
Selling, General & Admin	96,889	96,889	71,464	63,445	44,488	35,570
Research & Development	204,182	204,182	182,370	163,262	124,735	109,486
Other Operating Expenses	1,230	1,230	-188.69	-422.34	59.05	-531.3
Operating Expenses	302,301	302,301	253,645	226,285	169,282	144,525
Operating Income	1,322,053	1,322,053	921,466	1,122,070	650,255	566,605
Interest Expense	-	-	-11,999	-11,750	-5,414	-2,082
Interest & Investment Income	76,718	76,718	60,294	22,422	5,709	9,018
Earnings From Equity Investments	4,880	4,880	4,655	7,798	5,603	3,562
Currency Exchange Gain (Loss)	-	-	-2,685	4,506	13,663	-3,303
Other Non Operating Income (Expenses)	2,188	2,188	7,935	397.93	-6,511	9,327
EBT Excluding Unusual Items	1,405,839	1,405,839	979,665	1,145,444	663,305	583,127
Gain (Loss) on Sale of Investments	-	-	-493.88	-462.43	95.96	1,440
Gain (Loss) on Sale of Assets	-	-	-	-	-	188.9
Asset Writedown	-	-	-	-790.74	-274.39	-10.2
Pretax Income	1,405,839	1,405,839	979,171	1,144,191	663,126	584,746
Income Tax Expense	233,407	233,407	141,404	127,290	66,053	73,738
Earnings From Continuing Operations	1,172,432	1,172,432	837,768	1,016,901	597,073	511,008
Minority Interest in Earnings	836	836	730.15	-370.27	-533.12	-264
Net Income	1,173,268	1,173,268	838,498	1,016,530	596,540	510,744
Net Income to Common	1,173,268	1,173,268	838,498	1,016,530	596,540	510,744
Net Income Growth	39.93%	39.93%	-17.51%	70.40%	16.80%	44.30%
Shares Outstanding (Basic)	25,930	25,930	25,929	25,929	25,930	25,930
Shares Outstanding (Diluted)	25,930	25,930	25,929	25,929	25,930	25,930
Shares Change (YoY)	0.00%	0.00%	-0.00%	-0.00%	0.00%	-
EPS (Basic)	45.25	45.25	32.34	39.20	23.01	19.70
EPS (Diluted)	45.25	45.25	32.34	39.20	23.01	19.70
EPS Growth	39.92%	39.92%	-17.51%	70.39%	16.80%	44.30%
Free Cash Flow	870,170	870,170	292,151	527,927	272,965	315,428
Free Cash Flow Per Share	33.56	33.56	11.27	20.36	10.53	12.16
Dividend Per Share	-	-	13.000	11.000	11.000	10.000
Dividend Growth	-	-	18.18%	0%	10.00%	5.26%
Gross Margin	56.12%	56.12%	54.36%	59.56%	51.63%	53.10%
Operating Margin	45.68%	45.68%	42.63%	49.56%	40.96%	42.31%
Profit Margin	40.54%	40.54%	38.79%	44.90%	37.58%	38.14%
Free Cash Flow Margin	30.06%	30.06%	13.51%	23.32%	17.20%	23.55%
EBITDA	1,984,849	1,984,849	1,444,889	1,551,476	1,065,770	891,979
EBITDA Margin	68.58%	68.58%	66.84%	68.53%	67.14%	66.60%
D&A For EBITDA	662,796	662,796	523,424	429,407	415,515	325,374
EBIT	1,322,053	1,322,053	921,466	1,122,070	650,255	566,605
EBIT Margin	45.68%	45.68%	42.63%	49.56%	40.96%	42.31%
Effective Tax Rate	16.60%	16.60%	14.44%	11.12%	9.96%	12.61%

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