Earnings per ordinary share for the quarter were NT$0.36. Earnings per ADS were US$0.057. The basic weighted average number of outstanding shares in 4Q14 was 12,509,658,059, compared with 12,500,808,739 shares in 3Q14 and 12,476,082,332 shares in 4Q13. The diluted weighted average number of outstanding shares was 12,620,712,149 in 4Q14, compared with 12,582,502,645 shares in 3Q14 and 13,243,379,446 shares in 4Q13. The fully diluted share count on December 31, 2014 was approximately 12,779,034,000. On December 31, 2014, UMC held 195 million treasury shares acquired from the 15th share buy-back programs.
Detailed Financials Section
Foundry revenue increased 3.7% from 4Q14 to NT$34.74 billion, which included a Fujitsu 40nm licensing fee, while New Business posted NT$2.52 billion, which led to total revenue of NT$37.24 billion. Operating expenses increased 7.6% to NT$5.67 billion, partly due to a 17.5% rise in sales and marketing that included higher IP and mask expenses. Research and development expenses increased 1.9% to NT$3.54 billion or 9.5% of operating revenues. Net operating income was NT$4.53 billion.
COGS & Expenses | |||||
(Amount: NT$ million) |
4Q14 |
3Q14 |
QoQ %
|
4Q13 |
YoY %
|
Net Operating Revenues |
37,235 |
35,214 |
5.7 |
30,719 |
21.2 |
COGS |
(27,049) |
(27,655) |
(2.2) |
(25,162) |
7.5 |
Depreciation |
(8,495) |
(8,483) |
0.1 |
(7,939) |
7.0 |
Other Mfg. Costs |
(18,554) |
(19,172) |
(3.2) |
(17,223) |
7.7 |
Gross Profit |
10,186 |
7,559 |
34.8 |
5,557 |
83.3 |
Gross Margin (%) |
27.4% |
21.5% |
|
18.1% |
|
Operating Expenses |
(5,672) |
(5,270) |
7.6 |
(5,317) |
6.7 |
G&A |
(1,013) |
(845) |
19.9 |
(826) |
22.6 |
Sales & Marketing |
(1,124) |
(957) |
17.5 |
(906) |
24.1 |
R&D |
(3,535) |
(3,468) |
1.9 |
(3,585) |
(1.4) |
Net Other Operating Income & Expenses |
18 |
(602) |
- |
(46) |
- |
Operating Income |
4,532 |
1,687 |
168.6 |
194 |
2,236.1 |