Taiwan Semiconductor Manufacturing Company Limited (TSM)

TSMC 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,651,375	2,161,736	2,263,891	1,587,415	1,339,255	1,069,985
Revenue Growth (YoY)	22.65%	-4.51%	42.61%	18.53%	25.17%	3.73%
Cost of Revenue	1,207,632	986,625	915,536	767,878	628,125	573,884
Gross Profit	1,443,743	1,175,111	1,348,355	819,537	711,130	496,102
Selling, General & Admin	88,992	71,464	63,445	44,488	35,570	28,086
Research & Development	197,361	182,370	163,262	124,735	109,486	91,419
Other Operating Expenses	-304.3	-188.69	-422.34	59.05	-531.3	-152.3
Operating Expenses	286,048	253,645	226,285	169,282	144,525	119,352
Operating Income	1,157,695	921,466	1,122,070	650,255	566,605	376,750
Interest Expense	-10,891	-11,999	-11,750	-5,414	-2,082	-3,251
Interest & Investment Income	80,349	60,294	22,422	5,709	9,018	16,189
Earnings From Equity Investments	4,906	4,655	7,798	5,603	3,562	2,861
Currency Exchange Gain (Loss)	4,738	-2,685	4,506	13,663	-3,303	2,095
Other Non Operating Income (Expenses)	76.83	7,935	397.93	-6,511	9,327	-1,260
EBT Excluding Unusual Items	1,236,874	979,665	1,145,444	663,305	583,127	393,384
Gain (Loss) on Sale of Investments	-401.86	-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	1,235,322	979,171	1,144,191	663,126	584,746	389,862
Income Tax Expense	199,053	141,404	127,290	66,053	73,738	35,835
Earnings From Continuing Operations	1,036,269	837,768	1,016,901	597,073	511,008	354,027
Minority Interest in Earnings	1,031	730.15	-370.27	-533.12	-264	-79
Net Income	1,037,300	838,498	1,016,530	596,540	510,744	353,948
Net Income to Common	1,037,300	838,498	1,016,530	596,540	510,744	353,948
Net Income Growth	15.81%	-17.51%	70.40%	16.80%	44.30%	-2.51%
Shares Outstanding (Basic)	25,928	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)	40.01	32.34	39.20	23.01	19.70	13.65
EPS (Diluted)	40.01	32.34	39.20	23.01	19.70	13.65
EPS Growth	15.83%	-17.51%	70.39%	16.80%	44.30%	-2.50%
Free Cash Flow	836,583	292,151	527,927	272,965	315,428	154,717
Free Cash Flow Per Share	32.26	11.27	20.36	10.53	12.16	5.97
Dividend Per Share	16.000	13.000	11.000	11.000	10.000	9.500
Dividend Growth	30.61%	18.18%	0%	10.00%	5.26%	18.75%
Gross Margin	54.45%	54.36%	59.56%	51.63%	53.10%	46.37%
Operating Margin	43.66%	42.63%	49.56%	40.96%	42.31%	35.21%
Profit Margin	39.12%	38.79%	44.90%	37.58%	38.14%	33.08%
Free Cash Flow Margin	31.55%	13.51%	23.32%	17.20%	23.55%	14.46%
EBITDA	1,791,705	1,444,889	1,551,476	1,065,770	891,979	657,264
EBITDA Margin	67.58%	66.84%	68.53%	67.14%	66.60%	61.43%
D&A For EBITDA	634,010	523,424	429,407	415,515	325,374	280,514
EBIT	1,157,695	921,466	1,122,070	650,255	566,605	376,750
EBIT Margin	43.66%	42.63%	49.56%	40.96%	42.31%	35.21%
Effective Tax Rate	16.11%	14.44%	11.12%	9.96%	12.61%	9.19%

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