Taiwan Semiconductor Manufacturing Company Limited (TSM)

TSMC Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,245,747	2,161,736	2,263,891	1,587,415	1,339,255	1,069,985
Revenue Growth (YoY)	-1.56%	-4.51%	42.61%	18.53%	25.17%	3.73%
Cost of Revenue	1,042,632	986,625	915,537	767,878	628,125	577,284
Gross Profit	1,203,115	1,175,111	1,348,355	819,537	711,130	492,702
Selling, General & Admin	74,560	71,464	63,445	44,488	35,570	28,086
Research & Development	189,322	182,370	163,262	124,735	109,486	91,419
Other Operating Expenses	-11.91	-188.7	368.4	333.4	-710	496.3
Operating Expenses	263,870	253,645	227,076	169,556	144,346	120,001
Operating Income	939,246	921,466	1,121,279	649,981	566,784	372,701
Interest Expense / Income	11,734	11,999	11,750	5,414	2,082	3,251
Other Expense / Income	-75,011.38	-70,562.6	-34,172	-17,947.9	-19,780.1	-20,332.9
Pretax Income	1,002,523	980,029	1,143,701	662,515	584,482	389,783
Income Tax	132,285	128,289	150,778	70,155	73,738	35,835
Net Income	870,238	851,740	992,923	592,359	510,744	353,948
Net Income Growth	-12.73%	-14.22%	67.62%	15.98%	44.30%	-2.51%
Shares Outstanding (Basic)	25,932	25,932	25,930	25,930	25,930	25,930
Shares Change	0.01%	0.01%	-	-	-	-
EPS (Basic)	167.85	164.25	191.45	114.20	98.50	68.25
EPS (Diluted)	167.85	164.25	191.45	114.20	98.50	68.25
EPS Growth	-12.69%	-14.21%	67.64%	15.94%	44.32%	-2.50%
Free Cash Flow	465,322	292,791	528,910	272,155	311,341	155,004
Free Cash Flow Per Share	89.72	56.45	101.99	52.48	60.03	29.89
Dividend Per Share	1.951	1.846	1.856	1.892	1.706	2.006
Dividend Growth	7.49%	-0.54%	-1.90%	10.90%	-14.96%	49.14%
Gross Margin	53.57%	54.36%	59.56%	51.63%	53.10%	46.05%
Operating Margin	41.82%	42.63%	49.53%	40.95%	42.32%	34.83%
Profit Margin	38.75%	39.40%	43.86%	37.32%	38.14%	33.08%
Free Cash Flow Margin	20.72%	13.54%	23.36%	17.14%	23.25%	14.49%
Effective Tax Rate	13.20%	13.09%	13.18%	10.59%	12.62%	9.19%
EBITDA	1,595,149	1,524,219	1,592,705	1,090,324	918,288	679,918
EBITDA Margin	71.03%	70.51%	70.35%	68.69%	68.57%	63.54%
Depreciation & Amortization	580,891	532,191	437,254	422,395	331,725	286,884
EBIT	1,014,257	992,028	1,155,451	667,929	586,564	393,034
EBIT Margin	45.16%	45.89%	51.04%	42.08%	43.80%	36.73%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).