Taiwan Semiconductor Manufacturing Company Limited (TSM)
NYSE: TSM · Real-Time Price · USD
397.88
-6.67 (-1.65%)
May 12, 2026, 3:45 PM EDT - Market open
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 | 2,298,570 | 2,041,660 | 1,898,100 | 1,756,920 | 1,570,190 | 1,405,840 | 1,235,470 | 1,093,220 | 1,001,580 | 979,317 | 1,035,440 | 1,110,190 | 1,161,520 | 1,144,070 | 994,249 | 851,410 | 734,803 | 663,036 | 639,414 | 620,686 |
Depreciation & Amortization | 678,407 | 688,096 | 696,363 | 701,804 | 678,913 | 662,797 | 643,067 | 622,118 | 580,891 | 532,190 | 489,124 | 447,189 | 436,475 | 437,255 | 440,335 | 442,016 | 432,596 | 422,395 | 409,294 | 397,000 |
Stock-Based Compensation | 617.82 | 1,246 | 1,580 | 1,630 | 1,516 | 1,243 | 863.05 | 667.44 | 436.48 | 483 | 436.01 | 261.37 | 261.37 | 302.4 | 223.88 | 31.8 | 31.8 | 7.8 | 4.26 | 3.59 |
Other Adjustments | -62,810 | -78,328 | -97,296 | -104,424 | -77,001 | -73,803 | -73,675 | -61,025 | -45,665 | -44,426 | -34,840 | -19,096 | -20,219 | -5,904 | -790.69 | -11,303 | -10,218 | -18,597 | -14,328 | -10,200 |
Change in Receivables | -63,922 | -9,971 | -57,823 | -25,394 | -41,891 | -70,078 | -27,142 | -19,177 | -10,934 | 29,399 | 38,708 | 74,040 | 74,040 | -33,046 | -74,373 | -35,139 | -35,139 | -52,274 | -30,337 | -34,393 |
Changes in Inventories | 4,699 | -240.7 | 4,195 | -31,703 | -26,264 | -36,872 | -30,794 | -38,158 | -32,790 | -29,848 | -43,754 | 1,370 | 1,370 | -28,047 | -36,102 | -29,680 | -29,680 | -55,749 | -29,009 | -40,936 |
Changes in Accounts Payable | 9,533 | 10,104 | 15,566 | 20,825 | 19,244 | 16,934 | 17,048 | 14,974 | 8,637 | 770.7 | -8,246 | -12,436 | -12,436 | 7,800 | 18,129 | 8,874 | 8,874 | 7,628 | 162.05 | -1,138 |
Changes in Accrued Expenses | -76,898 | -54,310 | -3,033 | 72,692 | 99,608 | 109,065 | 72,001 | 23,808 | 11,099 | -58,733 | -36,443 | 12,799 | 12,799 | 84,436 | 99,990 | 65,225 | 65,225 | 88,897 | 23,858 | 13,799 |
Changes in Income Taxes Payable | -267,521 | -267,557 | -267,340 | -223,369 | -184,126 | -183,640 | -220,017 | -128,196 | -160,240 | -159,875 | -122,395 | -147,292 | -86,606 | -86,561 | -86,631 | -89,626 | -83,738 | -83,498 | -83,804 | -72,794 |
Changes in Other Operating Activities | -172,297 | -37,964 | -21,029 | -34,533 | -25,140 | -5,698 | -15,957 | -4,720 | -59,926 | -56,276 | -33,038 | -14,955 | 56,474 | 89,073 | 145,742 | 206,114 | 173,758 | 135,988 | 77,763 | -7,470 |
Operating Cash Flow | 2,348,380 | 2,274,980 | 2,169,670 | 2,134,840 | 2,015,440 | 1,826,180 | 1,600,800 | 1,503,450 | 1,293,030 | 1,241,970 | 1,334,020 | 1,452,070 | 1,623,670 | 1,610,600 | 1,501,920 | 1,407,920 | 1,256,510 | 1,112,160 | 993,092 | 864,557 |
Operating Cash Flow Growth | 16.52% | 24.58% | 35.54% | 42.00% | 55.87% | 47.04% | 20.00% | 3.54% | -20.36% | -22.89% | -11.18% | 3.14% | 29.22% | 44.82% | 51.24% | 62.85% | 48.27% | 35.19% | 29.56% | 20.40% |
Capital Expenditures | -1,292,350 | -1,272,410 | -1,277,450 | -1,197,080 | -1,105,530 | -956,007 | -764,219 | -783,763 | -828,623 | -949,817 | -1,116,500 | -1,155,850 | -1,123,040 | -1,082,670 | -981,384 | -904,054 | -853,302 | -839,196 | -692,315 | -602,980 |
Sale of Property, Plant & Equipment | 2,482 | 796.78 | 570.34 | 647.12 | 685.73 | 894.6 | 951.18 | 953.22 | 967.09 | 704.06 | 574.2 | 554.02 | 448.02 | 983.57 | 978.01 | 946.7 | 941.7 | 390.44 | 414.73 | 541.62 |
Purchases of Intangible Assets | -3,309 | -10,147 | -8,643 | -8,430 | -9,119 | -8,876 | -7,958 | -8,359 | -5,340 | -5,518 | -4,871 | -3,435 | -3,435 | -6,954 | -8,834 | -5,500 | -5,500 | -9,041 | -2,135 | -797.37 |
Proceeds from Sale of Intangible Assets | - | - | 7.91 | 7.91 | 7.91 | 57.2 | 50.09 | 1.56 | 1.56 | 3.1 | 14.91 | 13.37 | 13.37 | 12.6 | - | - | - | - | - | - |
Purchases of Investments | -276,252 | -255,372 | -260,526 | -264,290 | -265,564 | -240,623 | -218,756 | -226,653 | -237,191 | -226,283 | -235,838 | -225,321 | -216,720 | -237,818 | -237,025 | -229,292 | -238,016 | -259,688 | -272,452 | -293,796 |
Proceeds from Sale of Investments | 225,729 | 247,400 | 238,671 | 224,012 | 194,880 | 174,736 | 187,524 | 175,356 | 175,213 | 163,433 | 163,437 | 167,962 | 129,092 | 107,296 | 117,706 | 143,708 | 212,112 | 345,256 | 364,877 | 443,008 |
Other Investing Activities | 132,525 | 169,719 | 225,462 | 227,465 | 197,263 | 156,434 | 122,220 | 115,495 | 106,986 | 102,529 | 74,916 | 57,594 | 38,552 | 25,002 | 11,597 | 7,822 | 3,575 | 3,536 | 794.02 | -316.91 |
Investing Cash Flow | -1,211,060 | -1,144,390 | -1,090,350 | -1,026,110 | -995,228 | -864,843 | -685,244 | -731,977 | -793,696 | -906,121 | -1,116,330 | -1,158,480 | -1,175,090 | -1,190,930 | -1,093,740 | -986,369 | -880,189 | -836,367 | -681,983 | -601,042 |
Short-Term Debt Issued | 860.09 | 765.1 | 860.06 | 860.06 | -0.03 | -26,497 | -26,497 | -6,262 | 1,412 | 35,583 | 27,908 | -108,335 | -142,489 | -111,959 | -113,821 | -15,906 | 14,126 | 35,668 | -29,817 | -28,527 |
Short-Term Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6,500 |
Net Short-Term Debt Issued (Repaid) | 860.09 | 765.1 | 860.06 | 860.06 | -0.03 | -26,497 | -26,497 | -6,262 | 1,412 | 35,583 | 27,908 | -108,335 | -142,489 | -111,959 | -113,821 | -15,906 | 14,126 | 35,668 | -29,817 | -35,027 |
Long-Term Debt Issued | 92,183 | 97,558 | 78,482 | 63,214 | 60,614 | 65,197 | 67,542 | 66,378 | 95,578 | 88,150 | 90,720 | 134,471 | 202,614 | 200,464 | 345,559 | 335,526 | 363,393 | 365,553 | 238,588 | 336,196 |
Long-Term Debt Repaid | -58,490 | -57,020 | -57,103 | -23,078 | -12,502 | -9,296 | -7,422 | -8,126 | -8,039 | -19,856 | -23,911 | -17,353 | -16,896 | -4,567 | 0 | 0 | 0 | -2,600 | -2,600 | -12,800 |
Net Long-Term Debt Issued (Repaid) | 33,693 | 40,538 | 21,379 | 40,136 | 48,112 | 55,901 | 60,120 | 58,253 | 87,539 | 68,294 | 66,809 | 117,118 | 185,718 | 195,897 | 345,559 | 335,526 | 363,393 | 362,953 | 235,988 | 323,396 |
Issuance of Common Stock | - | - | - | - | - | -3,089 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchase of Common Stock | - | - | - | 0 | -3,089 | -3,089 | -3,089 | -3,089 | - | 0 | -0.03 | -0.03 | -0.03 | -871.6 | -871.57 | -871.57 | -871.57 | - | - | - |
Net Common Stock Issued (Repurchased) | - | - | - | 0 | -3,089 | -6,178 | -3,089 | -3,089 | - | 0 | -0.03 | -0.03 | -0.03 | -871.6 | -871.57 | -871.57 | -871.57 | - | - | - |
Common Dividends Paid | -492,721 | -466,779 | -440,851 | -414,916 | -388,981 | -363,055 | -337,117 | -317,663 | -298,210 | -291,722 | -285,235 | -285,235 | -285,235 | -285,235 | -285,235 | -278,752 | -272,269 | -265,786 | -259,304 | -259,304 |
Other Financing Activities | -16,991 | -14,534 | -14,359 | -14,396 | -15,332 | -9,570 | -14,369 | -7,003 | -2,850 | -9,390 | -8,855 | -14,876 | -3,653 | 1,911 | 6,228 | 6,945 | -1,486 | 3,762 | 6,254 | 6,814 |
Financing Cash Flow | -475,589 | -440,344 | -433,392 | -388,737 | -359,281 | -346,301 | -320,936 | -275,748 | -212,093 | -204,894 | -199,359 | -291,314 | -245,645 | -200,244 | -48,129 | 46,953 | 102,904 | 136,609 | -46,879 | 35,880 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -20,900 | -50,008 | -61,950 | -154,592 | 35,678 | 47,166 | -19,648 | 26,675 | 25,718 | -8,339 | -2,535 | 21,256 | 30,700 | 58,397 | 82,152 | 36,698 | 7,632 | -7,583 | -14,613 | -19,026 |
Net Cash Flow | 640,833 | 640,229 | 583,979 | 565,397 | 696,608 | 662,199 | 574,974 | 522,403 | 312,963 | 122,614 | 15,794 | 23,535 | 233,643 | 277,823 | 442,200 | 505,207 | 486,862 | 404,819 | 249,617 | 280,369 |
Free Cash Flow | 1,056,030 | 1,002,570 | 892,220 | 937,756 | 909,911 | 870,171 | 836,583 | 719,690 | 464,411 | 292,151 | 217,519 | 296,226 | 500,638 | 527,927 | 520,532 | 503,871 | 403,213 | 272,965 | 300,777 | 261,577 |
Free Cash Flow Growth | 16.06% | 15.21% | 6.65% | 30.30% | 95.93% | 197.85% | 284.60% | 142.95% | -7.24% | -44.66% | -58.21% | -41.21% | 24.16% | 93.41% | 73.06% | 92.63% | 41.60% | -13.46% | 69.06% | 100.16% |
FCF Margin | 25.73% | 26.32% | 24.57% | 27.57% | 28.97% | 30.06% | 31.55% | 29.51% | 20.68% | 13.51% | 10.06% | 13.29% | 21.94% | 23.32% | 25.07% | 26.83% | 23.50% | 17.20% | 19.91% | 18.01% |
Free Cash Flow Per Share | 203.63 | 193.32 | 172.05 | 180.83 | 175.46 | 167.80 | 161.32 | 138.78 | 89.55 | 56.34 | 41.94 | 57.12 | 96.54 | 101.80 | 100.37 | 97.16 | 77.75 | 52.63 | 58.00 | 50.44 |
Levered Free Cash Flow | 846,927 | 824,904 | 741,437 | 794,518 | 799,276 | 794,364 | 785,295 | 694,339 | 478,237 | 234,028 | 95,547 | 81,560 | 325,446 | 498,144 | 714,495 | 776,561 | 746,655 | 667,447 | 485,194 | 527,975 |
Unlevered Free Cash Flow | 718,307 | 692,416 | 633,131 | 669,434 | 675,564 | 695,115 | 671,337 | 569,674 | 321,944 | 66,827 | -18,517 | 60,022 | 277,080 | 417,807 | 473,784 | 451,185 | 363,458 | 261,694 | 265,942 | 224,438 |
Updated Apr 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.