Taiwan Semiconductor Manufacturing Company Limited (TSM)
NYSE: TSM · Real-Time Price · USD
430.32
+8.26 (1.96%)
Aug 12, 2026, 10:02 AM EDT - 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 | 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 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Sep '21 Sep 30, 2021 |
Net Income | 2,667,962 | 2,298,568 | 2,041,655 | 1,898,100 | 1,756,918 | 1,570,192 | 1,405,840 | 1,235,467 | 1,093,220 | 1,001,585 | 979,317 | 1,035,442 | 1,110,192 | 1,161,515 | 1,144,072 | 994,249 | 851,410 | 734,803 | 663,036 | 639,414 |
Depreciation & Amortization | - | 678,408 | 688,096 | 696,363 | 701,804 | 678,913 | 662,797 | 643,067 | 622,118 | 580,891 | 532,191 | 489,124 | 447,190 | 436,475 | 437,254 | 440,335 | 442,016 | 432,597 | 422,395 | 409,294 |
Stock-Based Compensation | - | 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 | 7.73 |
Other Adjustments | -6,014 | -106,759 | -91,695 | -97,378 | -104,506 | -77,051 | -73,126 | -73,675 | -61,025 | -54,595 | -53,045 | -43,650 | -27,906 | -21,291 | -6,977 | -1,938 | -12,375 | -13,868 | -22,246 | -19,738 |
Change in Receivables | - | -119,808 | -9,971 | -57,823 | -25,394 | -41,891 | -70,078 | -27,142 | -19,177 | -53,935 | 29,399 | 38,708 | 31,039 | 65,362 | -33,046 | -74,373 | -43,818 | -45,955 | -52,274 | -24,622 |
Changes in Inventories | - | -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 | -72,724 |
Changes in Accounts Payable | - | 23,002 | 10,104 | 15,566 | 20,825 | 19,244 | 16,934 | 17,048 | 14,974 | 10,228 | 770.7 | -8,246 | -10,845 | -2,722 | 7,800 | 18,129 | 18,588 | 11,506 | 7,628 | 2,993 |
Changes in Accrued Expenses | - | -84,691 | -54,310 | -3,033 | 72,692 | 99,608 | 109,065 | 72,001 | 23,808 | 21,620 | -58,733 | -36,442 | 23,320 | 27,749 | 84,436 | 99,990 | 80,174 | 84,951 | 88,897 | 61,458 |
Changes in Income Taxes Payable | -328,393 | -267,521 | -267,558 | -267,341 | -223,370 | -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 |
Changes in Other Operating Activities | - | -55,824 | -42,334 | -21,029 | -34,533 | -25,140 | -5,698 | -15,957 | -4,720 | -2,090 | 1,560 | 24,798 | 42,881 | 58,767 | 91,366 | 148,035 | 208,408 | 181,734 | 143,964 | 80,243 |
Operating Cash Flow | 2,634,679 | 2,348,378 | 2,274,976 | 2,169,672 | 2,134,835 | 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 | 1,501,916 | 1,407,924 | 1,256,514 | 1,112,161 | 993,092 |
Operating Cash Flow Growth (YoY) | 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% | 29.56% |
Investing Activities
Fiscal Quarter | 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 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -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 | -692,315 |
Sale of Property, Plant & Equipment | 2,543 | 2,481 | 797 | 569.82 | 646.6 | 685.73 | 894.6 | 951.18 | 953.22 | 967.09 | 703.9 | 574.2 | 554.02 | 448.02 | 983.3 | 978.01 | 946.7 | 941.7 | 390.4 | 414.73 |
Purchases of Intangible Assets | - | -8,794 | -10,147 | -8,643 | -8,430 | -9,119 | -8,876 | -7,958 | -8,359 | -7,275 | -5,518 | -4,871 | -5,370 | -6,657 | -6,954 | -8,834 | -8,722 | -9,043 | -9,041 | -6,516 |
Proceeds from Sale of Intangible Assets | - | - | - | 7.91 | 7.91 | - | 57.2 | 50.09 | 50.85 | - | 3.1 | 14.91 | 14.14 | 13.37 | 12.6 | - | - | - | - | - |
Purchases of Investments | -184,844 | -410,438 | -256,004 | -261,158 | -264,922 | -265,564 | -244,362 | -218,756 | -226,653 | -237,190 | -226,282 | -235,837 | -225,321 | -216,721 | -237,818 | -237,025 | -229,292 | -238,016 | -259,688 | -272,452 |
Proceeds from Sale of Investments | 38,644 | 190,776 | 263,264 | 188,926 | 174,267 | 165,832 | 229,815 | 174,920 | 162,752 | 151,447 | 187,970 | 163,543 | 168,068 | 129,092 | 107,296 | 117,707 | 143,708 | 202,743 | 345,256 | 364,848 |
Other Investing Activities | 110,343 | 171,075 | 199,823 | 226,209 | 228,212 | 194,951 | 157,088 | 122,874 | 116,149 | 105,738 | 104,357 | 76,744 | 59,422 | 39,024 | 28,224 | 14,819 | 11,044 | 4,982 | 7,080 | 5,362 |
Investing Cash Flow | -1,475,377 | -1,211,056 | -1,144,393 | -1,090,353 | -1,026,110 | -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 | -880,189 | -836,366 | -681,983 |
Financing Activities
Fiscal Quarter | 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 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | -369.99 | 152.72 | 335.1 | 429.97 | 429.97 | -0.03 | -26,497 | -26,497 | -6,262 | 9,086 | 35,583 | 7,674 | - | - | -111,960 | -113,821 | -15,906 | 14,126 | 35,668 | -29,817 |
Net Short-Term Debt Issued (Repaid) | -369.99 | 152.72 | 335.1 | 429.97 | 429.97 | -0.03 | -26,497 | -26,497 | -6,262 | 9,086 | 35,583 | 7,674 | - | - | -111,960 | -113,821 | -15,906 | 14,126 | 35,668 | -29,817 |
Long-Term Debt Issued | 106,413 | 92,183 | 97,558 | 78,482 | 63,214 | 60,614 | 65,197 | 67,542 | 66,378 | 95,578 | 88,150 | 90,720 | 134,471 | 203,114 | 200,964 | 346,059 | 336,026 | 363,943 | 366,103 | 240,138 |
Long-Term Debt Repaid | -97,693 | -58,490 | -57,020 | -57,103 | -23,078 | -12,502 | -9,296 | -7,422 | -8,126 | -8,039 | -19,857 | -23,911 | -17,353 | -16,896 | -4,567 | 0 | 0 | 0 | -2,600 | -2,600 |
Net Long-Term Debt Issued (Repaid) | 8,720 | 33,693 | 40,538 | 21,379 | 40,136 | 48,112 | 55,901 | 60,120 | 58,252 | 87,539 | 68,293 | 66,809 | 117,118 | 186,218 | 196,397 | 346,059 | 336,026 | 363,943 | 363,503 | 237,538 |
Issuance of Common Stock | - | - | - | - | - | - | -3,089 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchase of Common Stock | - | - | - | - | 0 | - | - | - | - | - | - | -0.03 | -0.03 | - | -871.6 | -871.57 | -871.57 | -871.57 | - | - |
Net Common Stock Issued (Repurchased) | - | - | - | - | 0 | - | -3,089 | - | - | - | - | -0.03 | -0.03 | - | -871.6 | -871.57 | -871.57 | -871.57 | - | - |
Common Dividends Paid | -531,618 | -492,720 | -466,779 | -440,850 | -414,915 | -388,981 | -363,055 | -337,117 | -317,663 | -298,210 | -291,722 | -285,235 | -285,235 | -285,235 | -285,234 | -285,235 | -278,752 | -272,269 | -265,786 | -259,304 |
Other Financing Activities | -19,279 | -16,742 | -14,439 | -14,359 | -14,397 | -15,332 | -9,561 | -14,369 | -7,003 | -2,850 | -9,374 | -8,855 | -14,876 | -4,151 | 1,425 | 5,729 | 6,447 | -2,035 | 3,224 | 4,697 |
Financing Cash Flow | -540,543 | -475,589 | -440,345 | -433,391 | -388,736 | -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 |
Net Cash Flow
Fiscal Quarter | 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 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 150,935 | -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 | -7,584 | -14,613 |
Net Cash Flow | 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 | 442,200 | 505,207 | 486,862 | 404,820 | 249,617 |
Free Cash Flow
Fiscal Quarter | 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 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 1,143,557 | 1,056,032 | 1,002,565 | 892,219 | 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 |
Free Cash Flow Growth (YoY) | 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% | 69.06% |
FCF Margin | 25.75% | 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% |
Free Cash Flow Per Share | 220.50 | 203.63 | 193.32 | 172.05 | 180.83 | 175.46 | 167.79 | 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 |
Levered Free Cash Flow | 979,680 | 945,605 | 799,825 | 741,006 | 794,087 | 799,276 | 794,364 | 785,295 | 694,339 | 537,594 | 291,864 | 133,150 | 241,578 | 478,072 | 500,936 | 717,287 | 786,698 | 761,669 | 675,972 | 485,940 |
Unlevered Free Cash Flow | 822,767 | 817,690 | 668,827 | 633,128 | 669,430 | 675,563 | 695,115 | 671,337 | 569,674 | 373,627 | 137,004 | 39,320 | 111,705 | 286,717 | 397,081 | 476,076 | 460,822 | 377,921 | 265,648 | 265,138 |