United Microelectronics Corporation (UMC)

United Microelectronics Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	226,875	222,533	278,705	213,011	176,821	148,202
Revenue	226,875	222,533	278,705	213,011	176,821	148,202
Revenue Growth (YoY)	-3.63%	-20.15%	30.84%	20.47%	19.31%	-2.02%
Cost of Revenue	151,757	144,789	152,941	140,961	137,824	126,887
Gross Profit	75,118	77,744	125,764	72,050	38,997	21,315
Selling, General & Admin	10,159	10,702	13,856	12,661	10,816	9,126
Research & Development	15,226	13,284	12,954	12,935	12,896	11,860
Other Operating Expenses	-2,104	-3,734	-4,857	-5,083	-5,117	-5,231
Operating Expenses	23,149	20,121	21,955	20,507	18,203	16,382
Operating Income	51,969	57,622	103,809	51,543	20,794	4,933
Interest Expense	-1,634	-1,474	-1,785	-1,868	-2,004	-2,934
Interest & Investment Income	4,215	4,853	2,022	575.72	737.91	994.06
Earnings From Equity Investments	1,523	4,308	1,626	5,193	1,300	115.33
Currency Exchange Gain (Loss)	46.94	478.78	2,523	484.73	-100.14	-238.62
Other Non Operating Income (Expenses)	1,560	1,777	2,145	-451.79	768.98	1,857
EBT Excluding Unusual Items	57,680	67,565	110,340	55,477	21,497	4,726
Impairment of Goodwill	-	-	-	-	-	-7.4
Gain (Loss) on Sale of Investments	103.22	122.84	-1,197	2,876	-91.07	-42.06
Gain (Loss) on Sale of Assets	110.03	268.29	482.98	143.74	1,137	43.04
Asset Writedown	-	-	-	-	-	-84.97
Other Unusual Items	-	494	-	-	-	171.59
Pretax Income	57,893	68,450	109,626	58,496	22,543	4,807
Income Tax Expense	7,355	8,311	19,327	7,918	1,691	230.35
Earnings From Continuing Operations	50,539	60,139	90,299	50,578	20,852	4,576
Minority Interest in Earnings	69.77	-450.18	-819.96	668.25	2,009	3,579
Net Income	50,608	59,689	89,479	51,246	22,861	8,155
Net Income to Common	50,608	59,689	89,479	51,246	22,861	8,155
Net Income Growth	-26.81%	-33.29%	74.60%	124.17%	180.32%	6.22%
Shares Outstanding (Basic)	12,187	12,138	12,095	12,005	11,850	11,565
Shares Outstanding (Diluted)	12,367	12,382	12,490	12,245	12,250	12,951
Shares Change (YoY)	-0.65%	-0.86%	2.00%	-0.04%	-5.41%	-2.41%
EPS (Basic)	4.15	4.92	7.40	4.27	1.93	0.71
EPS (Diluted)	4.10	4.82	7.16	4.19	1.87	0.65
EPS Growth	-26.18%	-32.68%	70.88%	123.85%	187.07%	8.69%
Free Cash Flow	-3,491	-5,474	65,733	42,317	39,400	38,386
Free Cash Flow Per Share	-0.28	-0.44	5.26	3.46	3.22	2.96
Dividend Per Share	3.000	3.000	3.600	3.000	1.600	0.804
Dividend Growth	-16.67%	-16.67%	20.02%	87.51%	99.00%	36.29%
Gross Margin	33.11%	34.94%	45.12%	33.82%	22.05%	14.38%
Operating Margin	22.91%	25.89%	37.25%	24.20%	11.76%	3.33%
Profit Margin	22.31%	26.82%	32.11%	24.06%	12.93%	5.50%
Free Cash Flow Margin	-1.54%	-2.46%	23.59%	19.87%	22.28%	25.90%
EBITDA	95,049	95,673	145,620	98,617	69,702	52,918
EBITDA Margin	41.89%	42.99%	52.25%	46.30%	39.42%	35.71%
D&A For EBITDA	43,080	38,051	41,811	47,075	48,908	47,985
EBIT	51,969	57,622	103,809	51,543	20,794	4,933
EBIT Margin	22.91%	25.89%	37.25%	24.20%	11.76%	3.33%
Effective Tax Rate	12.70%	12.14%	17.63%	13.54%	7.50%	4.79%

Source: S&P Capital IQ. Standard template. Financial Sources.