TW stock · Technology sector · Semiconductors
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Taiwan Semiconductor Manufacturing Company Limited

TSMNYSE

81.40

USD
-0.57
(-0.70%)
Market Closed
17.51P/E
14Forward P/E
0.87P/E to S&P500
422.147BMarket CAP
13.42%Div Yield
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Currency:
in millions
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Income Statement
Revenue
- -
- -
- -
- -
- -
- -
- -
- -
8,128
9,743
9,938
10,189
9,257
14,382
14,094
17,409
20,006
24,106
25,677
29,196
32,940
33,715
35,759
47,650
57,258
COGS
- -
- -
- -
- -
- -
- -
- -
- -
4,524
4,960
5,553
5,854
5,209
7,284
7,689
9,032
10,577
12,170
13,184
14,571
16,264
17,440
19,293
22,348
27,697
Gross Profit
- -
- -
- -
- -
- -
- -
- -
- -
3,604
4,783
4,385
4,335
4,048
7,098
6,404
8,377
9,428
11,936
12,492
14,625
16,676
16,276
16,466
25,302
29,561
Gross Profit Ratio
48.00%
38.36%
43.12%
46.04%
23.34%
32.23%
36.88%
45.03%
44.34%
49.09%
44.12%
42.55%
43.73%
49.35%
45.44%
48.12%
47.13%
49.52%
48.65%
50.09%
50.62%
48.27%
46.05%
53.10%
51.63%
Operating Expenses
- -
- -
- -
- -
- -
- -
- -
- -
830
876
943
1,141
1,170
1,641
1,733
2,151
2,391
2,557
2,699
2,985
3,645
3,688
3,989
5,136
6,116
R&D Expenses
- -
- -
- -
- -
- -
- -
- -
- -
427
493
553
657
676
1,018
1,116
1,389
1,607
1,796
1,995
2,193
2,721
2,808
3,055
3,896
4,499
Selling, G&A Exp.
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
494
623
617
761
784
759
698
791
916
858
939
1,266
1,605
General and Admin. Exp.
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
353
439
467
607
633
598
525
610
714
662
726
1,013
1,332
Selling and Marketing Exp.
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
140
184
149
155
151
161
172
182
201
196
212
253
273
Other Expenses
- -
- -
- -
- -
- -
- -
- -
- -
403
383
391
484
- -
- -
- -
- -
1
2
6
1
9
22
(5)
(25)
12
COGS and Expenses
- -
- -
- -
- -
- -
- -
- -
- -
5,354
5,836
6,496
6,995
6,378
8,925
9,422
11,182
12,969
14,726
15,883
17,556
19,909
21,128
23,282
27,484
33,813
Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
81
57
49
57
62
86
126
195
319
480
541
321
206
Interest Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
12
15
21
35
89
102
97
102
112
100
109
74
195
Depreciation and Amortization
- -
- -
- -
- -
- -
- -
- -
- -
2,310
2,263
2,461
2,493
2,530
3,010
3,553
4,517
5,234
6,328
6,773
6,894
8,767
9,563
9,588
11,803
15,236
EBITDA
- -
- -
- -
- -
- -
- -
- -
- -
5,183
6,400
6,184
5,884
5,522
8,838
8,356
10,803
12,564
15,979
17,539
18,880
22,228
22,657
22,723
32,673
39,328
EBITDA ratio
57.29%
57.46%
57.78%
63.41%
45.33%
56.84%
59.27%
62.91%
63.77%
65.69%
62.23%
57.75%
59.65%
61.46%
59.29%
62.05%
62.80%
66.29%
68.31%
64.67%
67.48%
67.20%
63.54%
68.57%
68.69%
Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
2,774
3,906
3,441
3,194
2,878
5,457
4,671
6,227
7,039
9,350
9,742
11,641
12,993
12,541
12,456
20,166
23,445
Operating Income ratio
33.98%
27.38%
33.98%
36.88%
6.33%
19.46%
25.27%
34.40%
34.13%
40.09%
34.63%
31.35%
31.10%
37.94%
33.15%
35.77%
35.19%
38.79%
37.94%
39.87%
39.45%
37.20%
34.83%
42.32%
40.95%
Total Other Income Exp.(Gains)
- -
- -
- -
- -
- -
- -
- -
- -
100
187
306
215
110
380
118
17
197
196
926
245
357
455
574
639
471
Income Before Tax
- -
- -
- -
- -
- -
- -
- -
- -
2,874
4,094
3,747
3,409
2,988
5,837
4,790
6,244
7,237
9,546
10,669
11,886
13,351
12,996
13,029
20,805
23,916
Income Before Tax ratio
35.06%
27.12%
33.08%
38.47%
7.79%
16.79%
23.27%
35.75%
35.36%
42.02%
37.70%
33.46%
32.28%
40.59%
33.99%
35.86%
36.17%
39.60%
41.55%
40.71%
40.53%
38.55%
36.44%
43.66%
41.77%
Income Tax Expense (Gain)
- -
- -
- -
- -
- -
- -
- -
- -
19
239
361
335
188
274
353
536
1,076
1,513
1,450
1,667
1,723
1,126
1,198
2,624
2,531
Net Income
- -
- -
- -
- -
- -
- -
- -
- -
2,853
3,899
3,363
3,056
2,793
5,540
4,429
5,714
6,165
8,036
9,219
10,217
11,626
11,868
11,829
18,172
21,366
Net Income Ratio
40.89%
30.43%
33.61%
39.17%
11.12%
13.31%
23.27%
35.89%
35.10%
40.01%
33.84%
30.00%
30.17%
38.52%
31.42%
32.82%
30.82%
33.34%
35.90%
34.99%
35.30%
35.20%
33.08%
38.14%
37.32%
EPS
- -
- -
- -
- -
- -
- -
- -
- -
0.55
0.75
0.63
0.59
0.54
1.12
0.85
1.10
1.22
1.61
1.80
1.99
2.23
2.21
2.23
3.55
4.15
EPS Diluted
- -
- -
- -
- -
- -
- -
- -
- -
0.55
0.74
0.63
0.58
0.54
1.12
0.85
1.10
1.22
1.61
1.80
1.99
2.23
2.21
2.23
3.55
4.15
Weighted Avg. Shares Outs.
3,882
3,968
4,038
4,749
4,458
5,026
5,065
5,104
5,160
5,235
5,322
5,208
5,167
5,181
5,183
5,184
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
Weighted Avg. Shares Outs. Dil.
3,882
3,968
4,045
4,750
5,192
5,026
5,067
5,105
5,163
5,240
5,327
5,247
5,183
5,184
5,185
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
5,186
Balance Sheet
Cash and Cash Equivalents
- -
- -
- -
- -
- -
- -
- -
- -
2,942
3,617
2,926
5,952
5,361
5,070
4,735
4,932
8,133
11,327
17,128
16,671
18,649
18,889
15,219
23,489
38,414
Short-Term Investments
- -
- -
- -
- -
- -
- -
- -
- -
1,445
2,371
2,409
515
825
1,190
256
274
106
2,590
846
2,924
3,477
4,444
4,648
5,052
5,047
Cash & Short-Term Investments
- -
- -
- -
- -
- -
- -
- -
- -
4,387
5,988
5,335
6,467
6,186
6,259
4,991
5,206
8,238
13,917
17,974
19,595
22,127
23,333
19,867
28,541
43,461
Net Receivables
- -
- -
- -
- -
- -
- -
- -
- -
1,170
978
1,314
569
1,111
1,478
1,355
1,798
2,418
3,641
2,608
3,987
4,128
4,226
4,673
5,198
7,155
Inventory
- -
- -
- -
- -
- -
- -
- -
- -
541
658
735
455
655
974
820
1,301
1,256
2,096
2,041
1,499
2,490
3,375
2,773
4,887
6,965
Other Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
374
367
311
235
180
254
268
371
100
145
108
104
143
178
179
234
386
Total Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
6,472
7,990
7,695
7,726
8,132
8,965
7,434
8,676
12,013
19,799
22,731
25,186
28,888
31,110
27,492
38,860
57,967
PP&E
- -
- -
- -
- -
- -
- -
- -
- -
7,465
7,799
8,016
7,451
8,566
13,316
16,182
21,237
26,562
25,855
25,980
30,732
35,808
35,045
45,772
56,334
72,423
Goodwill
- -
- -
- -
- -
- -
- -
- -
- -
- -
184
184
185
186
196
188
190
189
186
186
185
190
189
190
193
194
Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
183
178
244
218
202
207
171
187
196
242
242
265
287
366
500
723
773
Goodwill and Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
183
362
429
403
388
402
358
377
385
428
428
450
478
556
690
917
967
Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,270
1,364
1,137
2,262
2,983
944
1,062
1,417
1,397
955
1,006
983
1,053
Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
207
182
225
203
250
252
245
164
239
162
194
255
408
549
599
924
1,773
Other Non-Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
1,513
1,699
1,219
1,310
8
346
194
127
134
49
57
59
144
107
128
205
188
Total Non-Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
9,368
10,042
9,889
9,368
10,482
15,680
18,117
24,167
30,304
27,438
27,720
32,912
38,234
37,213
48,195
59,362
76,405
Other Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Assets
- -
- -
- -
- -
- -
- -
- -
- -
15,840
18,033
17,584
17,093
18,614
24,645
25,551
32,844
42,316
47,237
50,451
58,098
67,121
68,323
75,687
98,222
134,372
Accounts Payable
- -
- -
- -
- -
- -
- -
- -
- -
287
244
357
170
341
1,898
348
2,040
3,501
1,544
1,357
2,748
2,835
2,488
6,002
7,002
6,963
Short-Term Debt
- -
- -
- -
- -
- -
- -
- -
- -
10
215
9
254
30
1,078
1,006
1,198
524
1,143
1,202
1,785
2,149
4,042
5,024
3,243
4,310
Tax Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
275
246
352
538
1,232
1,655
1,840
2,167
2,078
1,807
1,340
2,443
2,831
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
774
980
1,135
1,313
2,106
1,247
2,508
1,660
2,810
4,417
4,740
6,194
8,054
5,135
8,972
12,238
16,081
Total Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
1,071
1,438
1,500
1,737
2,477
4,223
3,861
4,898
6,835
7,103
7,299
10,727
13,038
11,665
19,997
22,483
27,354
Long-Term Debt
- -
- -
- -
- -
- -
- -
- -
- -
633
423
458
495
356
188
675
2,824
7,090
6,779
5,844
4,716
3,094
1,860
1,342
9,843
22,874
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
27
- -
7
5
807
656
452
256
110
6
9
- -
Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6
1
4
10
8
12
62
68
Other Non-Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
530
544
511
170
160
368
157
156
435
236
276
315
361
379
378
509
6,466
Total Non-Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
1,163
966
969
665
517
584
832
2,987
7,530
7,828
6,778
5,487
3,720
2,357
1,737
10,423
29,407
Other Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Lease Obligations
- -
- -
- -
- -
- -
- -
- -
- -
18
19
20
22
22
24
29
26
26
25
- -
- -
- -
- -
503
732
749
Total Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
2,234
2,405
2,470
2,402
2,994
4,807
4,693
7,885
14,365
14,931
14,076
16,215
16,759
14,022
21,734
32,906
56,760
Preferred Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
7,540
7,928
8,140
7,837
8,108
8,882
8,552
8,915
8,689
8,194
7,893
7,987
8,739
8,477
8,666
9,226
9,353
Retained Earnings
- -
- -
- -
- -
- -
- -
- -
- -
4,353
6,051
6,741
5,201
5,693
9,111
10,632
14,121
16,907
21,527
26,380
32,088
40,610
44,467
44,303
55,997
68,093
Other Compreh. Income(Loss)
- -
- -
- -
- -
- -
- -
- -
- -
(20)
(19)
(12)
6
(41)
(221)
(251)
(96)
(38,519)
(42,575)
(47,599)
(54,685)
(68,009)
(75,211)
10,755
- -
13,362
Other Total Stockhold. Equity
- -
- -
- -
- -
- -
- -
- -
- -
1,714
1,633
134
1,525
1,737
1,909
1,843
1,931
40,865
45,157
49,671
56,469
69,000
76,547
(9,794)
59
(13,285)
Total Stockholders Equity
- -
- -
- -
- -
- -
- -
- -
- -
13,588
15,593
15,003
14,569
15,496
19,682
20,777
24,871
27,942
32,303
36,346
41,859
50,339
54,279
53,930
65,283
77,524
Total Liab.&Stockhold. Equity
- -
- -
- -
- -
- -
- -
- -
- -
15,822
17,997
17,473
16,971
18,490
24,489
25,470
32,756
42,308
47,233
50,422
58,073
67,098
68,301
75,664
98,188
134,284
Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
19
36
111
122
124
156
81
88
9
4
29
24
24
22
23
34
87
Total Liabilities & Equity
- -
- -
- -
- -
- -
- -
- -
- -
15,840
18,033
17,584
17,093
18,614
24,645
25,551
32,844
42,316
47,237
50,451
58,098
67,121
68,323
75,687
98,222
134,372
Cash Flow Statement
Net Income
- -
- -
- -
- -
- -
- -
- -
- -
2,853
3,899
3,363
3,056
2,793
5,540
4,429
5,714
6,165
8,036
9,219
10,217
11,626
11,868
11,829
18,172
21,366
Depreciation and Amortization
- -
- -
- -
- -
- -
- -
- -
- -
2,310
2,263
2,461
2,493
2,530
3,010
3,553
4,517
5,234
6,328
6,773
6,894
8,767
9,563
9,588
11,803
15,236
Deferred Income Tax
- -
- -
- -
- -
- -
- -
- -
- -
(102)
4
29
70
(55)
(13)
(16)
20
- -
- -
- -
- -
- -
- -
- -
- -
- -
Stock Based Compensation
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0
0
- -
- -
- -
- -
- -
0
0
0
Change in Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
(262)
174
(130)
1,082
(333)
(477)
130
(449)
(213)
(1,569)
707
(464)
336
(2,016)
362
(1,008)
4,778
Accounts Receivable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(528)
(261)
37
(377)
(474)
(1,362)
811
(1,520)
36
(434)
(606)
(288)
- -
Inventory
- -
- -
- -
- -
- -
- -
- -
- -
(61)
(114)
(69)
275
(189)
(257)
86
(447)
4
(912)
(20)
566
(850)
(960)
677
(1,935)
(2,011)
Accounts Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
154
32
(65)
48
12
210
(82)
225
87
148
196
14
299
Other Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
(1)
31
5
(7)
145
9
75
84
259
77
295
(161)
21
(18)
400
8
Other Non-Cash Items
- -
- -
- -
- -
- -
- -
- -
- -
(11)
(46)
(63)
73
72
(194)
75
139
455
525
(569)
(20)
(1,004)
(653)
(1,220)
303
(1,265)
Cash Provided by Operating Activities
- -
- -
- -
- -
- -
- -
- -
- -
4,787
6,292
5,660
6,774
5,007
7,866
8,170
9,941
11,641
13,320
16,130
16,627
19,725
18,763
20,558
29,270
40,116
CAPEX
- -
- -
- -
- -
- -
- -
- -
- -
(2,436)
(2,417)
(2,587)
(1,811)
(2,748)
(6,408)
(7,061)
(8,465)
(9,729)
(9,240)
(7,969)
(10,259)
(11,319)
(10,548)
(15,699)
(18,554)
(30,639)
Acquisitions Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(214)
- -
- -
(33)
- -
17
- -
(0)
- -
- -
- -
- -
Purchases of Investments
- -
- -
- -
- -
- -
- -
- -
- -
(447)
(4,327)
(2,876)
(3,129)
(1,608)
(1,860)
(1,177)
(1,086)
(67)
(206)
(1,359)
(3,617)
(3,498)
(3,237)
(8,622)
(9,509)
(9,367)
Sales/Maturities of Investments
- -
- -
- -
- -
- -
- -
- -
- -
533
3,136
3,457
4,720
1,381
1,851
2,109
139
256
235
2,430
1,255
2,950
2,927
8,247
9,510
9,536
Other Investing Activities
- -
- -
- -
- -
- -
- -
- -
- -
(11)
(67)
(171)
(26)
(44)
(296)
105
17
63
164
138
311
388
353
429
217
(23)
Cash Used for Investing Activities
- -
- -
- -
- -
- -
- -
- -
- -
(2,361)
(3,675)
(2,177)
(246)
(3,019)
(6,928)
(6,023)
(9,395)
(9,418)
(8,924)
(6,613)
(12,180)
(11,329)
(10,273)
(15,333)
(17,996)
(30,168)
Debt Repayment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(286)
(33)
(38)
(166)
(661)
(1)
(1)
(723)
(1,285)
(1,897)
(1,264)
(2,615)
(165)
Common Stock Issued
- -
- -
- -
- -
- -
- -
- -
- -
36
18
13
7
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock Repurchased
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(1,399)
(1,024)
- -
- -
(2)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividends Paid
- -
- -
- -
- -
- -
- -
- -
- -
(1,415)
(1,895)
(2,384)
(2,348)
(2,406)
(2,664)
(2,565)
(2,674)
(2,606)
(2,458)
(3,552)
(4,792)
(6,117)
(6,781)
(8,666)
(9,226)
(9,587)
Other Financing Activities
- -
- -
- -
- -
- -
- -
- -
- -
(388)
(80)
(402)
(164)
17
1,030
366
2,365
4,343
1,437
(1)
655
133
665
919
8,688
14,680
Cash Used/Provided by Financing Activities
- -
- -
- -
- -
- -
- -
- -
- -
(1,768)
(1,958)
(4,171)
(3,529)
(2,675)
(1,667)
(2,239)
(475)
1,076
(1,022)
(3,553)
(4,860)
(7,269)
(8,013)
(9,011)
(3,153)
4,927
Effect of Forex Changes on Cash
- -
- -
- -
- -
- -
- -
- -
- -
18
(4)
(16)
48
(43)
(73)
(53)
(73)
28
286
251
(247)
(718)
322
(305)
(836)
(274)
Net Change In Cash
- -
- -
- -
- -
- -
- -
- -
- -
676
655
(704)
3,047
(730)
(802)
(146)
(2)
3,327
3,658
6,217
(660)
409
798
(4,091)
7,286
14,602
Cash at the End of Period
- -
- -
- -
- -
- -
- -
- -
- -
2,942
3,617
2,926
5,952
5,361
5,070
4,735
4,932
8,133
11,327
17,128
16,671
18,649
18,889
15,219
23,489
38,414
Cash at the Beginning of Period
- -
- -
- -
- -
- -
- -
- -
- -
2,266
2,962
3,630
2,905
6,091
5,871
4,880
4,934
4,806
7,669
10,911
17,331
18,240
18,090
19,311
16,203
23,812
Free Cash Flow
- -
- -
- -
- -
- -
- -
- -
- -
2,352
3,876
3,073
4,963
2,259
1,458
1,110
1,476
1,911
4,080
8,160
6,368
8,406
8,214
4,859
10,716
9,476
Forex Rate
- -
- -
- -
- -
- -
- -
- -
- -
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.04
0.04