Taiwan Semiconductor Manufacturing Company Limited (TSM)
NYSE: TSM · Real-Time Price · USD
339.04
-2.45 (-0.72%)
At close: Apr 2, 2026, 4:00 PM EDT
336.90
-2.14 (-0.63%)
After-hours: Apr 2, 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 | 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 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Mar '21 Mar 31, 2021 |
Net Income | 592,363 | 525,369 | 493,035 | 430,895 | 448,798 | 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 | 155,064 |
Depreciation & Amortization | 162,112 | 162,787 | 188,058 | 175,139 | 170,378 | 167,428 | 165,167 | 159,023 | 150,674 | 147,254 | 123,940 | 110,323 | 107,582 | 105,345 | 113,225 | 111,102 | 110,663 | 107,037 | 103,795 | 100,900 |
Stock-Based Compensation | - | - | 344.41 | 455.24 | - | 322.96 | 230.96 | 181.83 | 127.3 | 127.35 | 127.58 | 100.77 | 80.31 | - | - | 27.45 | 2.71 | 1.64 | 1.75 | 1.7 |
Other Adjustments | -1,483 | -1,424 | -43,916 | -17,203 | -1,289 | -22,068 | -16,494 | -14,005 | -20,031 | -12,878 | -7,605 | -12,766 | -10,737 | 5,534 | -3,444 | 1,549 | -5,626 | -4,970 | -4,821 | -6,830 |
Change in Receivables | - | - | 8,254 | 28,138 | - | -39,747 | -8,243 | -48.82 | 20,896 | -31,781 | -43,001 | 83,285 | 30,205 | -39,450 | -8,678 | -15,123 | -11,122 | -8,895 | -10,815 | -21,442 |
Changes in Inventories | - | - | -10,806 | -5,519 | - | -20,393 | -5,367 | -16,126 | 11,093 | -27,757 | -18,265 | 5,081 | 224,175 | -227,886 | -17,776 | -7,016 | -10,869 | -11,798 | -15,869 | -17,214 |
Changes in Accounts Payable | - | - | 7,918 | 2,627 | - | 6,939 | 6,337 | 316.95 | 3,521 | 4,842 | 1,571 | -9,140 | -5,496 | 2,200 | 9,714 | 1,381 | 4,834 | 2,659 | 2,632 | -2,497 |
Changes in Accrued Expenses | - | - | -14,207 | 29,333 | - | 12,675 | 12,709 | 38,790 | 7,462 | -34,154 | 9,522 | -41,563 | 29,759 | 18,940 | 11,266 | 15,124 | 45,312 | 4,325 | 13,827 | 19,070 |
Changes in Other Operating Activities | -26,076 | -122,637 | -4,272 | -16,755 | 3,508 | -4,365 | 5,121 | 2,687 | -19,401 | 6,872 | 7,751 | 6,337 | 3,837 | 24,956 | 23,637 | 38,935 | 60,511 | 85,334 | -3,286 | 1,165 |
Operating Cash Flow | 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 | 227,816 |
Operating Cash Flow Growth | 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% | 12.21% |
Capital Expenditures | -356,906 | -287,452 | -297,226 | -330,827 | -361,949 | -207,079 | -205,615 | -181,365 | -190,734 | -206,050 | -250,534 | -302,499 | -336,844 | -265,970 | -217,723 | -262,135 | -235,556 | -188,640 | -166,971 | -248,029 |
Sale of Property, Plant & Equipment | 482 | 70 | 117.75 | 127.53 | 256 | 146.28 | 156.14 | 336.63 | 312.14 | 148.32 | 169.84 | 73.61 | 182.27 | 128.14 | 63.73 | 609.15 | 176.71 | 96.83 | 58.96 | 57.9 |
Purchases of Intangible Assets | - | - | -2,331 | -2,286 | - | -765.7 | -3,019 | -2,043 | -4,131 | 833.35 | -1,935 | -285.78 | -2,483 | -665.74 | -3,416 | -583 | -3,363 | -1,554 | -3,543 | -380.69 |
Proceeds from Sale of Intangible Assets | - | - | - | - | - | 0 | 24.65 | - | 1.79 | 0.77 | 0.94 | 0.77 | 12.6 | 0 | - | - | - | - | - | - |
Purchases of Investments | -72,197 | -50,445 | -62,304 | -70,741 | -77,351 | -54,209 | -63,262 | -45,800 | -55,484 | -124,155 | -11,757 | -34,771 | -65,049 | -90,980 | -25,809 | -55,990 | -64,247 | -43,856 | -73,923 | -77,662 |
Proceeds from Sale of Investments | 41,390 | 49,196 | 73,744 | 53,926 | 56,885 | 36,425 | 44,501 | 50,224 | 52,353 | 22,428 | 44,473 | 51,050 | 45,251 | 27,185 | 5,603 | 29,254 | 55,865 | 52,933 | 70,716 | 81,168 |
Other Investing Activities | 21,270 | 28,879 | 59,126 | 59,635 | 70,240 | 8,710 | 29,316 | 18,791 | 42,684 | 24,939 | 21,985 | 14,341 | 15,096 | 7,645 | 2,716 | 769.5 | 1,607 | 4,224 | 133.54 | 1,995 |
Investing Cash Flow | -365,961 | -259,752 | -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 | -169,751 | -244,251 |
Long-Term Debt Issued | 26,531 | 32,332 | 16,098 | 22,597 | 7,455 | -3,936 | 11,500 | 29,178 | 9,800 | 17,850 | 38,750 | 21,720 | 12,370 | 59,651 | 109,343 | 19,600 | 157,466 | 49,617 | 136,960 | 21,760 |
Long-Term Debt Repaid | -2,302 | -39,880 | -7,964 | -3,174 | -2,386 | -604.17 | -543.06 | -512.5 | -512.46 | -6,558 | -11,448 | -13,419 | -4,567 | 0 | - | - | 0 | -25,000 | 0 | -2,600 |
Net Long-Term Debt Issued (Repaid) | 24,229 | -7,548 | 8,134 | 19,423 | 5,069 | -4,540 | 10,957 | 28,666 | 9,288 | 11,293 | 27,303 | 8,301 | 7,803 | 59,651 | 109,343 | 19,600 | 157,466 | 24,617 | 136,960 | 19,160 |
Repurchase of Common Stock | - | - | - | - | - | 0 | -1,545 | - | - | - | - | - | 0.16 | - | - | -871.57 | - | - | - | - |
Net Common Stock Issued (Repurchased) | - | - | - | - | - | 0 | -1,545 | - | - | - | - | - | 0.16 | - | - | -871.57 | - | - | - | - |
Common Dividends Paid | -129,663 | -116,697 | -116,703 | -103,733 | -103,734 | -90,821 | -90,778 | -77,808 | -77,809 | -71,325 | -71,321 | -71,329 | -71,511 | -71,106 | -71,308 | -71,309 | -71,309 | -66,266 | -63,386 | -66,026 |
Other Financing Activities | -2,251 | -4,049 | -5,982 | -1,822 | -2,067 | -4,120 | -7,350 | -22,555 | -6,951 | 23,797 | 4,883 | -3,254 | -6,398 | -118,908 | -19,199 | 33,495 | -3,537 | -20,371 | 2,592 | 60,325 |
Financing Cash Flow | -107,685 | -128,294 | -119,701 | -84,666 | -100,732 | -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 | 14,618 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 45,234 | 67,452 | - | 16,462 | 33,292 | - | - | 27,949 | -33,521 | 21,132 | 10,158 | -6,107 | -27,717 | 44,922 | 19,902 | 21,290 | -3,962 | -531.45 | -9,465 | 6,374 |
Net Cash Flow | 297,097 | 106,235 | 148,875 | 267,177 | 240,846 | 112,844 | 89,816 | 232,768 | 153,621 | 35,083 | -108,509 | 42,419 | 46,801 | 42,824 | 101,900 | 86,299 | 211,178 | 105,830 | 83,254 | 4,557 |
Free Cash Flow | 368,603 | 139,377 | 199,838 | 294,747 | 258,256 | 184,914 | 172,054 | 254,946 | 204,095 | 88,595 | -83,286 | 82,746 | 150,038 | 146,728 | 121,126 | 110,035 | 142,643 | 130,066 | 20,468 | -20,213 |
Free Cash Flow Growth | 42.73% | -24.63% | 16.15% | 15.61% | 26.54% | 108.72% | - | 208.11% | 36.03% | -39.62% | - | -24.80% | 5.18% | 12.81% | 491.77% | - | -16.32% | 43.14% | -53.07% | - |
FCF Margin | 35.24% | 14.08% | 21.40% | 35.12% | 29.74% | 24.34% | 25.55% | 43.02% | 32.63% | 16.20% | -17.32% | 16.27% | 23.99% | 23.93% | 19.46% | 22.41% | 32.55% | 36.49% | 5.50% | -5.58% |
Free Cash Flow Per Share | 71.07 | 26.88 | 38.54 | 56.84 | 49.79 | 35.66 | 33.18 | 49.16 | 39.35 | 17.08 | -16.06 | 15.96 | 28.93 | 28.29 | 23.36 | 21.22 | 27.50 | 25.08 | 3.95 | -3.90 |
Levered Free Cash Flow | 309,103 | 197,451 | 275,872 | 234,985 | 176,798 | 275,923 | 237,154 | 257,476 | 223,858 | 113,200 | 83,086 | -16,175 | 303,114 | -1,892 | 250,912 | 119,725 | 294,413 | 178,860 | 205,447 | 12,246 |
Unlevered Free Cash Flow | 344,032 | 183,228 | 243,086 | 194,794 | 153,002 | 260,469 | 210,041 | 213,739 | 197,718 | 152,889 | 44,937 | -35,555 | 287,546 | -35,590 | 137,067 | 97,545 | 135,358 | 130,435 | 65,258 | -10,945 |
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.