Taiwan Semiconductor Manufacturing Company Limited (TPE: 2330)

2330 Income Statement

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

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,438,416	2,161,736	2,263,891	1,587,415	1,339,255	1,069,985
Revenue Growth (YoY)	9.44%	-4.51%	42.61%	18.53%	25.17%	3.73%
Cost of Revenue	1,137,376	986,625	915,536	767,878	628,125	573,884
Gross Profit	1,301,040	1,175,111	1,348,355	819,537	711,130	496,102
Selling, General & Admin	80,268	71,464	63,445	44,488	35,570	28,086
Research & Development	195,714	182,370	163,262	124,735	109,486	91,419
Other Operating Expenses	63.99	-188.69	-422.34	59.05	-531.3	-152.3
Operating Expenses	276,046	253,645	226,285	169,282	144,525	119,352
Operating Income	1,024,994	921,466	1,122,070	650,255	566,605	376,750
Interest Expense	-11,367	-11,999	-11,750	-5,414	-2,082	-3,251
Interest & Investment Income	73,342	60,294	22,422	5,709	9,018	16,189
Earnings From Equity Investments	4,512	4,655	7,798	5,603	3,562	2,861
Currency Exchange Gain (Loss)	3,744	-2,685	4,506	13,663	-3,303	2,095
Other Non Operating Income (Expenses)	-559.69	7,935	397.93	-6,511	9,327	-1,260
EBT Excluding Unusual Items	1,094,666	979,665	1,145,444	663,305	583,127	393,384
Gain (Loss) on Sale of Investments	-439.86	-493.88	-462.43	95.96	1,440	530.9
Gain (Loss) on Sale of Assets	-	-	-	-	188.9	-954.6
Asset Writedown	-1,150	-	-790.74	-274.39	-10.2	301.4
Other Unusual Items	-	-	-	-	-	-3,400
Pretax Income	1,093,075	979,171	1,144,191	663,126	584,746	389,862
Income Tax Expense	171,091	141,404	127,290	66,053	73,738	35,835
Earnings From Continuing Operations	921,984	837,768	1,016,901	597,073	511,008	354,027
Minority Interest in Earnings	1,058	730.15	-370.27	-533.12	-264	-79
Net Income	923,042	838,498	1,016,530	596,540	510,744	353,948
Net Income to Common	923,042	838,498	1,016,530	596,540	510,744	353,948
Net Income Growth	-4.40%	-17.51%	70.40%	16.80%	44.30%	-2.51%
Shares Outstanding (Basic)	25,929	25,929	25,929	25,930	25,930	25,930
Shares Outstanding (Diluted)	25,930	25,929	25,929	25,930	25,930	25,930
Shares Change (YoY)	0.00%	-0.00%	-0.00%	0.00%	-	-
EPS (Basic)	35.60	32.34	39.20	23.01	19.70	13.65
EPS (Diluted)	35.60	32.34	39.20	23.01	19.70	13.65
EPS Growth	-4.38%	-17.51%	70.39%	16.80%	44.30%	-2.50%
Free Cash Flow	719,690	292,151	527,927	272,965	315,428	154,717
Free Cash Flow Per Share	27.76	11.27	20.36	10.53	12.16	5.97
Dividend Per Share	15.000	13.000	11.000	11.000	10.000	9.500
Dividend Growth	30.43%	18.18%	0%	10.00%	5.26%	18.75%
Gross Margin	53.36%	54.36%	59.56%	51.63%	53.10%	46.37%
Operating Margin	42.04%	42.63%	49.56%	40.96%	42.31%	35.21%
Profit Margin	37.85%	38.79%	44.90%	37.58%	38.14%	33.08%
Free Cash Flow Margin	29.51%	13.51%	23.32%	17.20%	23.55%	14.46%
EBITDA	1,638,038	1,444,889	1,551,476	1,065,770	891,979	657,264
EBITDA Margin	67.18%	66.84%	68.53%	67.14%	66.60%	61.43%
D&A For EBITDA	613,044	523,424	429,407	415,515	325,374	280,514
EBIT	1,024,994	921,466	1,122,070	650,255	566,605	376,750
EBIT Margin	42.04%	42.63%	49.56%	40.96%	42.31%	35.21%
Effective Tax Rate	15.65%	14.44%	11.12%	9.96%	12.61%	9.19%

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