Taiwan Semiconductor Manufacturing Company Limited (TSM)
NYSE: TSM · Real-Time Price · USD
406.70
-6.65 (-1.61%)
Nov 12, 2026, 2:23 PM EST - Market open
TSMC Cash Flow Statement
Financials in millions TWD. Fiscal year is January - December.
Millions TWD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
Net Income | 2,527,571 | 2,216,808 | 1,908,520 | 1,697,604 | 1,571,931 | 1,444,887 | 1,294,459 | 1,158,380 | 1,050,542 | 936,285 | 870,238 | 851,740 | 872,083 | 941,949 | 997,177 | 992,923 | 882,678 | 758,070 | 655,402 | 592,359 |
Depreciation & Amortization | 520,874 | 681,994 | 671,790 | 681,649 | 690,189 | 695,947 | 673,337 | 657,326 | 637,613 | 616,640 | 575,419 | 526,883 | 484,010 | 442,270 | 431,651 | 432,480 | 435,654 | 437,359 | 428,043 | 418,071 |
Other Amortization | 5,227 | 6,894 | 6,618 | 6,447 | 6,173 | 5,857 | 5,575 | 5,470 | 5,453 | 5,479 | 5,473 | 5,308 | 5,115 | 4,920 | 4,824 | 4,775 | 4,681 | 4,658 | 4,554 | 4,324 |
Loss (Gain) From Sale of Assets | -304.19 | -52.9 | 198.33 | 1,754 | 2,289 | 2,736 | 3,253 | 2,598 | 1,999 | 1,301 | 546.52 | 366.1 | 148.65 | 179.9 | -27.48 | -92.9 | 241.43 | 322.36 | 333.02 | 274.8 |
Asset Writedown & Restructuring Costs | -889.98 | -888.52 | -515.22 | 782 | 1,672 | 1,671 | 2,448 | 1,151 | 1,150 | 1,150 | - | - | -0.04 | -0.04 | -0.04 | 790.7 | 790.75 | 790.75 | 790.75 | 274.4 |
Loss (Gain) From Sale of Investments | -63,277 | -63,412 | -184.77 | -156.8 | 120.54 | 308.39 | 773.95 | 863.6 | 555.68 | 637.57 | 472.89 | 481.4 | 469.86 | 446.82 | 428.29 | 462.5 | 472.1 | 344.75 | 60.13 | -95.9 |
Loss (Gain) on Equity Investments | -4,598 | -6,023 | -5,805 | -5,489 | -5,304 | -5,440 | -5,371 | -4,881 | -5,051 | -4,657 | -4,639 | -4,800 | -4,958 | -5,869 | -6,993 | -7,680 | -7,622 | -7,057 | -5,971 | -5,513 |
Stock-Based Compensation | 410.06 | 683.48 | 904.84 | 1,246 | 1,580 | 1,630 | 1,516 | 1,243 | 863.05 | 667.44 | 564.06 | 483 | 436.01 | 388.95 | 375.72 | 302.4 | 223.88 | 146.15 | 33.55 | 7.8 |
Other Operating Activities | 271,754 | 36,431 | 22,239 | -12,109 | -36,854 | -14,647 | 13,891 | -9,325 | -107,481 | -30,777 | -79,808 | -81,642 | 1,654 | -1,712 | 63,033 | 64,130 | 29,119 | -3,061 | -13,416 | -30,008 |
Change in Accounts Receivable | -130,285 | -202,355 | -116,060 | -8,368 | -55,907 | -24,286 | -40,182 | -69,369 | -27,103 | -18,957 | -53,785 | 28,442 | 37,979 | 30,832 | 65,132 | -32,170 | -74,138 | -43,521 | -45,704 | -52,106 |
Change in Inventory | -96,836 | -81,331 | -18,066 | -240.7 | 4,195 | -31,703 | -26,264 | -36,872 | -30,794 | -38,158 | -51,055 | -29,848 | -43,754 | -16,895 | -15,949 | -28,047 | -36,102 | -46,999 | -45,551 | -55,749 |
Change in Accounts Payable | 24,465 | 25,395 | 22,418 | 9,751 | 15,291 | 20,732 | 19,212 | 17,074 | 16,983 | 14,969 | 10,123 | 847 | -7,997 | -10,231 | -2,351 | 7,594 | 18,414 | 18,299 | 12,000 | 8,298 |
Change in Other Net Operating Assets | 62,175 | 6,493 | -155,516 | -106,330 | -27,808 | 39,180 | 71,691 | 101,676 | 56,987 | 17,818 | 18,323 | -56,583 | -15,291 | 66,810 | 88,015 | 176,486 | 252,975 | 289,843 | 266,303 | 229,374 |
Operating Cash Flow | 3,127,620 | 2,634,679 | 2,348,378 | 2,274,976 | 2,169,672 | 2,134,836 | 2,015,440 | 1,826,177 | 1,600,801 | 1,503,454 | 1,293,034 | 1,241,967 | 1,334,020 | 1,452,073 | 1,623,674 | 1,610,599 | 1,501,917 | 1,407,925 | 1,256,515 | 1,112,161 |
Operating Cash Flow Growth (YoY) | 44.15% | 23.41% | 16.52% | 24.58% | 35.54% | 41.99% | 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% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -1,646,881 | -1,491,123 | -1,292,347 | -1,272,411 | -1,277,453 | -1,197,080 | -1,105,528 | -956,007 | -764,219 | -783,763 | -828,623 | -949,817 | -1,116,501 | -1,155,847 | -1,123,036 | -1,082,672 | -981,384 | -904,054 | -853,302 | -839,196 |
Sale of Property, Plant & Equipment | 2,474 | 2,544 | 2,482 | 797 | 570.34 | 647.12 | 685.73 | 894.6 | 951.18 | 953.22 | 966.93 | 703.9 | 574.04 | 553.86 | 447.75 | 983.3 | 977.74 | 946.43 | 941.65 | 390.4 |
Sale (Purchase) of Intangibles | -8,193 | -9,171 | -8,794 | -10,147 | -8,635 | -8,422 | -9,062 | -8,819 | -7,908 | -8,308 | -7,272 | -5,515 | -4,856 | -5,356 | -6,644 | -6,942 | -8,834 | -8,722 | -9,043 | -9,041 |
Investment in Securities | 93,958 | -74,751 | -50,330 | -37,014 | -30,412 | -48,835 | -79,240 | -58,000 | -36,943 | -57,007 | -67,581 | -55,850 | -72,294 | -57,253 | -87,629 | -130,522 | -119,318 | -85,584 | -25,904 | 4,400 |
Other Investing Activities | 67,357 | 97,124 | 137,934 | 174,381 | 225,578 | 227,580 | 197,917 | 157,088 | 122,874 | 116,149 | 108,814 | 104,357 | 76,744 | 59,422 | 41,774 | 28,224 | 14,819 | 11,044 | 7,119 | 7,080 |
Investing Cash Flow | -1,491,284 | -1,475,377 | -1,211,055 | -1,144,393 | -1,090,352 | -1,026,109 | -995,228 | -864,843 | -685,244 | -731,977 | -793,696 | -906,121 | -1,116,333 | -1,158,480 | -1,175,086 | -1,190,928 | -1,093,739 | -986,369 | -880,188 | -836,366 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35,668 |
Long-Term Debt Issued | - | - | - | 97,558 | - | - | - | 65,197 | - | - | - | 88,150 | - | - | - | 200,964 | - | - | - | 366,103 |
Total Debt Issued | 74,082 | 106,413 | 92,183 | 97,558 | 78,482 | 63,214 | 60,614 | 65,197 | 67,542 | 66,378 | 95,578 | 88,150 | 90,720 | 130,422 | 172,584 | 200,964 | 344,197 | 320,119 | 378,069 | 401,771 |
Short-Term Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -111,960 | - | - | - | - |
Long-Term Debt Repaid | - | - | - | -60,517 | - | - | - | -12,169 | - | - | - | -22,711 | - | - | - | -6,995 | - | - | - | -4,585 |
Lease Payments | -3,134 | -4,101 | -3,934 | -3,497 | -3,273 | -3,046 | -2,989 | -2,874 | -2,935 | -2,927 | -2,921 | -2,854 | -2,793 | -2,707 | -2,614 | -2,428 | -2,302 | -2,122 | -1,976 | -1,985 |
Total Debt Repaid | -61,799 | -101,795 | -62,424 | -60,517 | -60,377 | -26,124 | -15,492 | -12,169 | -10,357 | -11,052 | -10,961 | -22,711 | -26,704 | -132,020 | -131,470 | -118,955 | -114,262 | -2,122 | -1,976 | -4,585 |
Net Debt Issued (Repaid) | 12,283 | 4,618 | 29,759 | 37,042 | 18,105 | 37,090 | 45,122 | 53,028 | 57,185 | 55,326 | 84,617 | 65,439 | 64,016 | -1,598 | 41,114 | 82,009 | 229,935 | 317,997 | 376,093 | 397,186 |
Repurchase of Common Stock | - | - | - | - | -0.02 | -0.02 | -3,089 | -3,089 | -3,089 | -3,089 | - | - | -0.03 | -0.03 | -0.03 | -871.6 | -871.57 | -871.57 | -871.57 | - |
Common Dividends Paid | -570,511 | -531,618 | -492,721 | -466,779 | -440,851 | -414,916 | -388,981 | -363,055 | -337,117 | -317,663 | -298,210 | -291,722 | -285,234 | -285,234 | -285,234 | -285,234 | -285,234 | -278,752 | -272,269 | -265,786 |
Other Financing Activities | -10,461 | -13,542 | -12,628 | -10,607 | -10,647 | -10,911 | -12,334 | -33,184 | -37,915 | -10,322 | 1,499 | 21,389 | 21,860 | -4,482 | -1,524 | 3,853 | 8,043 | 8,580 | -48.27 | 5,209 |
Financing Cash Flow | -568,689 | -540,542 | -475,590 | -440,345 | -433,392 | -388,737 | -359,281 | -346,301 | -320,936 | -275,748 | -212,093 | -204,894 | -199,359 | -291,314 | -245,645 | -200,244 | -48,128 | 46,954 | 102,904 | 136,609 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 83,482 | 150,934 | -20,901 | -50,008 | -61,950 | -154,592 | 35,678 | 47,166 | -19,648 | 26,675 | 25,718 | -8,339 | -2,534 | 21,256 | 30,700 | 58,397 | 82,152 | 36,698 | 7,631 | -7,584 |
Net Cash Flow | 1,151,129 | 769,694 | 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 | 277,824 | 442,201 | 505,207 | 486,862 | 404,820 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 1,480,739 | 1,143,556 | 1,056,032 | 1,002,565 | 892,220 | 937,756 | 909,911 | 870,171 | 836,583 | 719,690 | 464,411 | 292,151 | 217,519 | 296,226 | 500,638 | 527,927 | 520,533 | 503,871 | 403,213 | 272,965 |
Free Cash Flow Growth (YoY) | 65.96% | 21.95% | 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% |
Free Cash Flow Margin | 29.95% | 25.75% | 25.73% | 26.32% | 24.57% | 27.57% | 28.97% | 30.06% | 31.55% | 29.52% | 20.68% | 13.51% | 10.06% | 13.30% | 21.94% | 23.32% | 25.07% | 26.83% | 23.50% | 17.20% |
Free Cash Flow Per Share | 57.10 | 44.10 | 40.72 | 38.66 | 34.41 | 36.17 | 35.09 | 33.56 | 32.26 | 27.75 | 17.91 | 11.27 | 8.39 | 11.42 | 19.31 | 20.36 | 20.07 | 19.43 | 15.55 | 10.53 |
Levered Free Cash Flow | 1,203,072 | 730,826 | 718,348 | 663,713 | 628,505 | 694,674 | 697,987 | 702,992 | 598,577 | 622,606 | 350,965 | 69,810 | 87,814 | 38,486 | 240,616 | 279,889 | 193,310 | 118,980 | 43,217 | -37,227 |
Unlevered Free Cash Flow | 1,208,600 | 738,203 | 726,104 | 671,445 | 635,911 | 701,879 | 704,533 | 709,552 | 605,384 | 629,710 | 358,299 | 77,310 | 95,573 | 46,407 | 248,474 | 287,233 | 199,928 | 124,326 | 47,457 | -33,844 |
Free Cash Flow After Leases | 1,477,605 | 1,139,456 | 1,052,098 | 999,069 | 888,946 | 934,710 | 906,922 | 867,297 | 833,648 | 716,764 | 461,490 | 289,296 | 214,726 | 293,519 | 498,024 | 525,499 | 518,230 | 501,749 | 401,237 | 270,980 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 15,240 | 19,280 | 19,360 | 19,129 | 19,725 | 20,070 | 19,489 | 18,751 | 18,799 | 18,357 | 17,267 | 17,359 | 17,084 | 14,983 | 12,986 | 12,219 | 7,637 | 7,445 | 4,165 | 3,834 |
Cash Income Tax Paid | 191,127 | 328,394 | 267,521 | 267,558 | 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 | 89,625 | 83,738 | 83,498 |
Change in Working Capital | -129,146 | -237,755 | -255,386 | -96,752 | -62,125 | 1,887 | 25,557 | 13,351 | 15,156 | -23,271 | -75,232 | -56,852 | -24,937 | 69,500 | 133,206 | 122,509 | 155,678 | 216,353 | 186,686 | 132,466 |