Taiwan Semiconductor Manufacturing Company Limited (TSM)
NYSE: TSM · Real-Time Price · USD
401.62
+9.01 (2.29%)
At close: May 20, 2026, 4:00 PM EDT
400.10
-1.52 (-0.38%)
After-hours: May 20, 2026, 7:59 PM EDT
TSMC Cash Flow Statement
Financials in millions TWD. Fiscal year is January - December.
Millions TWD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 687,800 | 592,363 | 525,369 | 493,035 | 430,895 | 448,799 | 384,187 | 306,311 | 266,543 | 278,426 | 241,940 | 214,675 | 244,275 | 334,551 | 316,691 | 265,998 | 226,832 | 184,729 | 173,852 | 149,391 |
Depreciation & Amortization | 165,450 | 162,112 | 162,787 | 188,058 | 175,139 | 170,378 | 168,229 | 165,167 | 159,023 | 150,648 | 147,280 | 123,939 | 110,323 | 107,582 | 105,346 | 113,225 | 111,102 | 110,663 | 107,027 | 103,805 |
Stock-Based Compensation | - | - | 273.42 | 344.41 | 455.24 | 506.95 | 322.96 | 230.96 | 181.83 | 127.3 | 127.35 | - | 100.77 | 80.31 | 80.29 | - | 27.45 | 1.79 | 2.55 | - |
Other Adjustments | -1,685 | -1,483 | -15,725 | -43,917 | -17,203 | -20,451 | -22,853 | -16,494 | -14,005 | -20,323 | -10,204 | -1,134 | -12,766 | -10,737 | 5,540 | -2,257 | 1,549 | -5,623 | -4,972 | -1,172 |
Change in Receivables | - | - | -72,176 | 8,254 | 28,138 | -22,040 | -39,747 | -8,243 | -48.82 | 20,896 | -31,781 | - | 83,285 | 30,206 | -39,450 | - | -15,123 | -11,122 | -8,895 | - |
Changes in Inventories | - | - | 15,505 | -10,806 | -5,519 | 5,015 | -20,393 | -5,367 | -16,126 | 11,093 | -27,757 | - | 5,081 | -2,813 | -897.78 | - | -7,016 | -10,869 | -11,795 | - |
Changes in Accounts Payable | - | - | 1,615 | 7,918 | 2,627 | 3,407 | 6,873 | 6,337 | 316.95 | 3,521 | 4,800 | - | -9,140 | -5,496 | 2,200 | - | 1,381 | 4,834 | 2,659 | - |
Changes in Accrued Expenses | - | - | -62,691 | -14,207 | 29,333 | 44,532 | 13,034 | 12,709 | 38,790 | 7,468 | -35,159 | - | -41,563 | 29,759 | 24,604 | - | 15,124 | 45,312 | 4,788 | - |
Changes in Income Taxes Payable | -1,501 | -1,407 | -137,266 | -127,346 | -1,537 | -1,191 | -93,295 | -88,103 | -1,051 | -37,568 | -1,474 | -120,147 | -686.49 | -87.47 | -26,371 | -59,461 | -642 | -157.43 | -29,365 | -53,573 |
Changes in Other Operating Activities | -151,088 | -26,076 | 9,139 | -4,272 | -16,755 | -9,141 | -4,365 | 5,121 | 2,687 | -19,401 | 6,872 | -50,085 | 6,337 | 3,837 | 24,956 | 21,344 | 38,935 | 60,506 | 85,329 | -11,012 |
Operating Cash Flow | 698,976 | 725,509 | 426,829 | 497,064 | 625,574 | 620,205 | 391,992 | 377,668 | 436,311 | 394,829 | 294,645 | 167,248 | 385,245 | 486,882 | 412,698 | 338,849 | 372,170 | 378,199 | 318,706 | 187,439 |
Operating Cash Flow Growth | 11.73% | 16.98% | 8.89% | 31.61% | 43.38% | 57.08% | 33.04% | 125.81% | 13.26% | -18.91% | -28.61% | -50.64% | 3.51% | 28.74% | 29.49% | 80.78% | 63.36% | 45.95% | 67.59% | 10.04% |
Capital Expenditures | -350,763 | -356,906 | -287,452 | -297,226 | -330,827 | -361,948 | -207,079 | -205,675 | -181,305 | -170,160 | -226,624 | -250,534 | -302,499 | -336,844 | -265,970 | -217,723 | -262,135 | -235,556 | -188,640 | -166,971 |
Sale of Property, Plant & Equipment | 1,813 | 482 | 69.5 | 117.52 | 127.76 | 255.56 | 146.28 | 156.13 | 336.64 | 312.14 | 148.32 | 170 | 73.61 | 182.27 | 128.14 | 64 | 609.15 | 176.71 | 96.83 | 59 |
Purchases of Intangible Assets | - | - | -978.46 | -2,331 | -2,286 | -3,048 | -765.7 | -3,020 | -2,042 | -2,131 | -1,167 | - | -285.78 | -1,483 | -1,666 | - | -583 | -3,363 | -1,554 | - |
Proceeds from Sale of Intangible Assets | - | - | - | - | - | 7.91 | 0 | - | - | 0.79 | 0.77 | - | 0.77 | 12.6 | - | - | - | - | - | - |
Purchases of Investments | -91,621 | -72,197 | -50,445 | -61,989 | -70,741 | -77,351 | -54,209 | -63,262 | -45,801 | -55,484 | -62,106 | -73,800 | -34,893 | -65,040 | -51,589 | -65,199 | -55,990 | -64,247 | -43,856 | -73,923 |
Proceeds from Sale of Investments | 61,305 | 41,390 | 49,286 | 73,748 | 82,976 | 32,661 | 34,628 | 44,616 | 62,831 | 45,450 | 22,460 | 44,473 | 51,050 | 45,454 | 26,984 | 5,603 | 29,254 | 55,865 | 52,986 | 74,007 |
Other Investing Activities | 22,412 | 21,270 | 29,767 | 59,076 | 59,606 | 77,013 | 31,770 | 28,874 | 18,777 | 42,799 | 25,044 | 20,365 | 14,321 | 15,186 | 7,722 | 1,323 | 770.5 | 1,781 | 3,947 | -2,924 |
Investing Cash Flow | -356,854 | -365,961 | -259,753 | -228,488 | -290,192 | -311,919 | -195,510 | -197,607 | -159,807 | -132,320 | -242,243 | -259,326 | -272,232 | -342,532 | -284,390 | -275,932 | -288,074 | -245,343 | -177,020 | -169,752 |
Short-Term Debt Issued | - | - | 0 | 430.09 | - | -0.03 | 0 | 0 | -26,497 | 0.02 | 20,234 | 7,674 | - | -0.01 | -116,009 | -26,480 | 30,530 | -1,862 | -18,094 | 3,552 |
Net Short-Term Debt Issued (Repaid) | - | - | 0 | 430.09 | - | -0.03 | 0 | 0 | -26,497 | 0.02 | 20,234 | 7,674 | - | -0.01 | -116,009 | -26,480 | 30,530 | -1,862 | -18,094 | 3,552 |
Long-Term Debt Issued | 19,220 | 26,531 | 32,332 | 14,100 | 24,595 | 7,455 | 17,064 | 11,500 | 29,178 | 9,800 | 15,900 | 40,700 | 21,750 | 12,370 | 59,651 | 108,843 | 19,600 | 157,465 | 49,618 | 136,710 |
Long-Term Debt Repaid | -5,190 | -2,302 | -39,879 | -11,119 | -3,719 | -2,386 | -5,854 | -543.06 | -512.5 | -512.46 | -6,558 | -457 | -12,329 | -4,567 | - | - | - | 0 | 0 | - |
Net Long-Term Debt Issued (Repaid) | 14,030 | 24,229 | -7,547 | 2,981 | 20,876 | 5,069 | 11,210 | 10,957 | 28,666 | 9,288 | 9,343 | 40,243 | 9,421 | 7,803 | 59,651 | 108,843 | 19,600 | 157,465 | 49,618 | 136,710 |
Repurchase of Common Stock | - | - | - | - | - | - | 0 | - | - | - | - | - | - | -0.03 | 0 | - | -871.57 | - | - | - |
Net Common Stock Issued (Repurchased) | - | - | - | - | - | - | 0 | - | - | - | - | - | - | -0.03 | 0 | - | -871.57 | - | - | - |
Common Dividends Paid | -129,663 | -129,663 | -116,697 | -116,697 | -103,722 | -103,734 | -90,762 | -90,762 | -77,796 | -77,796 | -71,309 | -71,309 | -71,309 | -71,309 | -71,309 | -71,309 | -71,309 | -71,309 | -64,826 | -64,826 |
Other Financing Activities | -4,277 | -2,251 | -4,049 | -6,414 | -1,820 | -2,076 | -4,086 | -7,350 | 3,942 | -6,875 | 3,281 | -3,197 | -2,599 | -6,339 | -2,740 | 8,026 | 2,964 | -2,022 | -2,023 | -405 |
Financing Cash Flow | -119,910 | -107,685 | -128,293 | -119,701 | -84,666 | -100,733 | -83,638 | -90,245 | -71,686 | -75,367 | -38,451 | -26,589 | -64,487 | -69,832 | -130,407 | 19,080 | -19,086 | 82,284 | -35,325 | 75,031 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 45,569 | 45,234 | 67,452 | -179,155 | 16,462 | 33,292 | -25,191 | 11,115 | 27,950 | -33,522 | 21,132 | 10,158 | -6,107 | -27,717 | 44,923 | 19,602 | 21,590 | -3,962 | -531.45 | -9,464 |
Net Cash Flow | 267,781 | 297,097 | 106,235 | -30,280 | 267,177 | 240,846 | 87,653 | 100,932 | 232,768 | 153,621 | 35,083 | -108,509 | 42,419 | 46,801 | 42,824 | 101,599 | 86,600 | 211,178 | 105,830 | 83,254 |
Free Cash Flow | 348,213 | 368,603 | 139,377 | 199,838 | 294,747 | 258,257 | 184,914 | 171,994 | 255,006 | 224,669 | 68,022 | -83,286 | 82,746 | 150,038 | 146,728 | 121,126 | 110,035 | 142,643 | 130,066 | 20,468 |
Free Cash Flow Growth | 18.14% | 42.73% | -24.63% | 16.19% | 15.58% | 14.95% | 171.85% | - | 208.18% | 49.74% | -53.64% | - | -24.80% | 5.18% | 12.81% | 491.78% | - | -16.32% | 43.14% | -53.10% |
FCF Margin | 30.70% | 35.24% | 14.08% | 21.40% | 35.12% | 29.74% | 24.34% | 25.54% | 43.03% | 35.92% | 12.44% | -17.32% | 16.27% | 23.99% | 23.93% | 22.68% | 22.41% | 32.55% | 31.37% | 5.50% |
Free Cash Flow Per Share | 67.14 | 71.07 | 26.88 | 38.54 | 56.84 | 49.80 | 35.66 | 33.16 | 49.17 | 43.32 | 13.12 | -16.06 | 15.96 | 28.93 | 28.29 | 23.36 | 21.22 | 27.51 | 25.08 | 3.95 |
Levered Free Cash Flow | 248,608 | 307,696 | 146,390 | 143,803 | 234,901 | 215,913 | 199,471 | 148,991 | 229,989 | 206,844 | 108,515 | -67,111 | -15,741 | 76,038 | 88,375 | 176,775 | 149,612 | 292,388 | 157,785 | 146,870 |
Unlevered Free Cash Flow | 210,886 | 259,710 | 132,166 | 115,739 | 193,258 | 192,117 | 168,266 | 121,878 | 212,748 | 168,448 | 66,644 | -125,875 | -36,244 | 83,289 | 139,186 | 91,111 | 96,903 | 139,255 | 123,918 | 3,378 |
Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.