- FINANCIAL TABLES TO FOLLOW -
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||
| Consolidated Condensed Balance Sheet | ||||||
| As of September 30, 2022 | ||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | ||||||
September 30, 2022 |
||||||
US$ |
NT$ |
% |
||||
| Assets | ||||||
| Current assets | ||||||
| Cash and cash equivalents | 5,692 |
180,649 |
34.8 |
% |
||
| Accounts receivable, net | 1,413 |
44,842 |
8.6 |
% |
||
| Inventories, net | 948 |
30,102 |
5.8 |
% |
||
| Other current assets | 357 |
11,352 |
2.2 |
% |
||
| Total current assets | 8,410 |
266,945 |
51.4 |
% |
||
| Non-current assets | ||||||
| Funds and investments | 1,951 |
61,938 |
11.9 |
% |
||
| Property, plant and equipment | 4,698 |
149,119 |
28.7 |
% |
||
| Right-of-use assets | 249 |
7,903 |
1.5 |
% |
||
| Other non-current assets | 1,056 |
33,489 |
6.5 |
% |
||
| Total non-current assets | 7,954 |
252,449 |
48.6 |
% |
||
| Total assets | 16,364 |
519,394 |
100.0 |
% |
||
| Liabilities | ||||||
| Current liabilities | ||||||
| Short-term loans | 7 |
217 |
0.0 |
% |
||
| Payables | 2,155 |
68,415 |
13.2 |
% |
||
| Current portion of long-term liabilities | 377 |
11,975 |
2.3 |
% |
||
| Other current liabilities | 864 |
27,402 |
5.3 |
% |
||
| Total current liabilities | 3,403 |
108,009 |
20.8 |
% |
||
| Non-current liabilities | ||||||
| Bonds payable | 727 |
23,082 |
4.4 |
% |
||
| Long-term loans | 727 |
23,063 |
4.4 |
% |
||
| Lease liabilities, noncurrent | 166 |
5,284 |
1.0 |
% |
||
| Other non-current liabilities | 1,411 |
44,767 |
8.7 |
% |
||
| Total non-current liabilities | 3,031 |
96,196 |
18.5 |
% |
||
| Total liabilities | 6,434 |
204,205 |
39.3 |
% |
||
| Equity | ||||||
| Equity attributable to the parent company | ||||||
| Capital | 3,933 |
124,821 |
24.0 |
% |
||
| Additional paid-in capital | 336 |
10,668 |
2.1 |
% |
||
| Retained earnings and other components of equity | 5,649 |
179,321 |
34.5 |
% |
||
| Total equity attributable to the parent company | 9,918 |
314,810 |
60.6 |
% |
||
| Non-controlling interests | 12 |
379 |
0.1 |
% |
||
| Total equity | 9,930 |
315,189 |
60.7 |
% |
||
| Total liabilities and equity | 16,364 |
519,394 |
100.0 |
% |
||
| Note：New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2022 exchange rate of NT $31.74 per U.S. Dollar. | ||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | |||||||||||||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||||||||||||||||||||
| Except Per Share and Per ADS Data | |||||||||||||||||||||||||||||
| Year over Year Comparison |
Quarter over Quarter Comparison |
||||||||||||||||||||||||||||
| Three-Month Period Ended |
Three-Month Period Ended |
||||||||||||||||||||||||||||
| September 30, 2022 |
September 30, 2021 |
Chg. |
September 30, 2022 |
June 30, 2022 |
Chg. |
||||||||||||||||||||||||
| US$ |
NT$ |
US$ |
NT$ |
% |
US$ |
NT$ |
US$ |
NT$ |
% |
||||||||||||||||||||
| Operating revenues | 2,375 |
|
75,392 |
|
1,761 |
|
55,907 |
|
34.9 |
% |
2,375 |
|
75,392 |
|
2,270 |
|
72,055 |
|
4.6 |
% |
|||||||||
| Operating costs | (1,251 |
) |
(39,728 |
) |
(1,114 |
) |
(35,363 |
) |
12.3 |
% |
(1,251 |
) |
(39,728 |
) |
(1,215 |
) |
(38,583 |
) |
3.0 |
% |
|||||||||
| Gross profit | 1,124 |
|
35,664 |
|
647 |
|
20,544 |
|
73.6 |
% |
1,124 |
|
35,664 |
|
1,055 |
|
33,472 |
|
6.5 |
% |
|||||||||
| 47.3 |
% |
47.3 |
% |
36.8 |
% |
36.8 |
% |
47.3 |
% |
47.3 |
% |
46.5 |
% |
46.5 |
% |
||||||||||||||
| Operating expenses | |||||||||||||||||||||||||||||
| - Sales and marketing expenses | (33 |
) |
(1,061 |
) |
(38 |
) |
(1,212 |
) |
(12.5 |
%) |
(33 |
) |
(1,061 |
) |
(29 |
) |
(915 |
) |
15.9 |
% |
|||||||||
| - General and administrative expenses | (77 |
) |
(2,428 |
) |
(67 |
) |
(2,119 |
) |
14.6 |
% |
(77 |
) |
(2,428 |
) |
(82 |
) |
(2,579 |
) |
(5.9 |
%) |
|||||||||
| - Research and development expenses | (104 |
) |
(3,304 |
) |
(104 |
) |
(3,303 |
) |
0.0 |
% |
(104 |
) |
(3,304 |
) |
(101 |
) |
(3,209 |
) |
3.0 |
% |
|||||||||
| - Expected credit impairment loss | (0 |
) |
(1 |
) |
(0 |
) |
(2 |
) |
(68.6 |
%) |
(0 |
) |
(1 |
) |
(0 |
) |
(3 |
) |
(75.8 |
%) |
|||||||||
| Subtotal | (214 |
) |
(6,794 |
) |
(209 |
) |
(6,636 |
) |
2.4 |
% |
(214 |
) |
(6,794 |
) |
(212 |
) |
(6,706 |
) |
1.3 |
% |
|||||||||
| Net other operating income and expenses | 40 |
|
1,287 |
|
39 |
|
1,227 |
|
4.9 |
% |
40 |
|
1,287 |
|
44 |
|
1,398 |
|
(8.0 |
%) |
|||||||||
| Operating income | 950 |
|
30,157 |
|
477 |
|
15,135 |
|
99.3 |
% |
950 |
|
30,157 |
|
887 |
|
28,164 |
|
7.1 |
% |
|||||||||
| 40.0 |
% |
40.0 |
% |
27.1 |
% |
27.1 |
% |
40.0 |
% |
40.0 |
% |
39.1 |
% |
39.1 |
% |
||||||||||||||
| Net non-operating income and expenses | 69 |
|
2,189 |
|
136 |
|
4,317 |
|
(49.3 |
%) |
69 |
|
2,189 |
|
(81 |
) |
(2,586 |
) |
- |
|
|||||||||
| Income from continuing operations
before income tax |
1,019 |
|
32,346 |
|
613 |
|
19,452 |
|
66.3 |
% |
1,019 |
|
32,346 |
|
806 |
|
25,578 |
|
26.5 |
% |
|||||||||
| 42.9 |
% |
42.9 |
% |
34.8 |
% |
34.8 |
% |
42.9 |
% |
42.9 |
% |
35.5 |
% |
35.5 |
% |
||||||||||||||
| Income tax expense | (158 |
) |
(5,004 |
) |
(66 |
) |
(2,100 |
) |
138.3 |
% |
(158 |
) |
(5,004 |
) |
(129 |
) |
(4,088 |
) |
22.4 |
% |
|||||||||
| Net income | 861 |
|
27,342 |
|
547 |
|
17,352 |
|
57.6 |
% |
861 |
|
27,342 |
|
677 |
|
21,490 |
|
27.2 |
% |
|||||||||
| 36.3 |
% |
36.3 |
% |
31.0 |
% |
31.0 |
% |
36.3 |
% |
36.3 |
% |
29.8 |
% |
29.8 |
% |
||||||||||||||
| Other comprehensive income (loss) | 137 |
|
4,336 |
|
(12 |
) |
(370 |
) |
- |
|
137 |
|
4,336 |
|
(118 |
) |
(3,749 |
) |
- |
|
|||||||||
| Total comprehensive income (loss) | 998 |
|
31,678 |
|
535 |
|
16,982 |
|
86.5 |
% |
998 |
|
31,678 |
|
559 |
|
17,741 |
|
78.6 |
% |
|||||||||
| Net income attributable to: | |||||||||||||||||||||||||||||
| Shareholders of the parent | 851 |
|
26,996 |
|
550 |
|
17,460 |
|
54.6 |
% |
851 |
|
26,996 |
|
672 |
|
21,327 |
|
26.6 |
% |
|||||||||
| Non-controlling interests | 10 |
|
346 |
|
(3 |
) |
(108 |
) |
- |
|
10 |
|
346 |
|
5 |
|
163 |
|
111.6 |
% |
|||||||||
| Comprehensive income (loss) attributable to: | |||||||||||||||||||||||||||||
| Shareholders of the parent | 987 |
|
31,332 |
|
538 |
|
17,090 |
|
83.3 |
% |
987 |
|
31,332 |
|
554 |
|
17,578 |
|
78.2 |
% |
|||||||||
| Non-controlling interests | 11 |
|
346 |
|
(3 |
) |
(108 |
) |
- |
|
11 |
|
346 |
|
5 |
|
163 |
|
111.6 |
% |
|||||||||
| Earnings per share-basic | 0.069 |
|
2.19 |
|
0.045 |
|
1.43 |
|
0.069 |
|
2.19 |
|
0.055 |
|
1.74 |
|
|||||||||||||
| Earnings per ADS (2) | 0.345 |
|
10.95 |
|
0.225 |
|
7.15 |
|
0.345 |
|
10.95 |
|
0.274 |
|
8.70 |
|
|||||||||||||
| Weighted average number of shares | |||||||||||||||||||||||||||||
| outstanding (in millions) | 12,306 |
|
12,206 |
|
12,306 |
|
12,283 |
|
|||||||||||||||||||||
| Notes: | |||||||||||||||||||||||||||||
| (1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2022 exchange rate of NT $31.74 per U.S. Dollar. | |||||||||||||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | |||||||||||||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | |||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||||||||
| Except Per Share and Per ADS Data | |||||||||||||||||
| For the Three-Month Period Ended |
For the Nine-Month Period Ended |
||||||||||||||||
| September 30, 2022 |
September 30, 2022 |
||||||||||||||||
| US$ |
NT$ |
% |
US$ |
NT$ |
% |
||||||||||||
| Operating revenues | 2,375 |
|
75,392 |
|
100.0 |
% |
6,644 |
|
210,870 |
|
100.0 |
% |
|||||
| Operating costs | (1,251 |
) |
(39,728 |
) |
(52.7 |
%) |
(3,599 |
) |
(114,230 |
) |
(54.2 |
%) |
|||||
| Gross profit | 1,124 |
|
35,664 |
|
47.3 |
% |
3,045 |
|
96,640 |
|
45.8 |
% |
|||||
| Operating expenses | |||||||||||||||||
| - Sales and marketing expenses | (33 |
) |
(1,061 |
) |
(1.4 |
%) |
(102 |
) |
(3,230 |
) |
(1.5 |
%) |
|||||
| - General and administrative expenses | (77 |
) |
(2,428 |
) |
(3.2 |
%) |
(228 |
) |
(7,235 |
) |
(3.4 |
%) |
|||||
| - Research and development expenses | (104 |
) |
(3,304 |
) |
(4.4 |
%) |
(301 |
) |
(9,547 |
) |
(4.5 |
%) |
|||||
| - Expected credit impairment loss | (0 |
) |
(1 |
) |
(0.0 |
%) |
(0 |
) |
(2 |
) |
(0.0 |
%) |
|||||
| Subtotal | (214 |
) |
(6,794 |
) |
(9.0 |
%) |
(631 |
) |
(20,014 |
) |
(9.4 |
%) |
|||||
| Net other operating income and expenses | 40 |
|
1,287 |
|
1.7 |
% |
127 |
|
4,029 |
|
1.9 |
% |
|||||
| Operating income | 950 |
|
30,157 |
|
40.0 |
% |
2,541 |
|
80,655 |
|
38.3 |
% |
|||||
| Net non-operating income and expenses | 69 |
|
2,189 |
|
2.9 |
% |
29 |
|
916 |
|
0.4 |
% |
|||||
| Income from continuing operations
before income tax |
1,019 |
|
32,346 |
|
42.9 |
% |
2,570 |
|
81,571 |
|
38.7 |
% |
|||||
| Income tax expense | (158 |
) |
(5,004 |
) |
(6.6 |
%) |
(399 |
) |
(12,673 |
) |
(6.0 |
%) |
|||||
| Net income | 861 |
|
27,342 |
|
36.3 |
% |
2,171 |
|
68,898 |
|
32.7 |
% |
|||||
| Other comprehensive income (loss) | 137 |
|
4,336 |
|
5.7 |
% |
63 |
|
2,009 |
|
0.9 |
% |
|||||
| Total comprehensive income (loss) | 998 |
|
31,678 |
|
42.0 |
% |
2,234 |
|
70,907 |
|
33.6 |
% |
|||||
| Net income attributable to: | |||||||||||||||||
| Shareholders of the parent | 851 |
|
26,996 |
|
35.8 |
% |
2,147 |
|
68,131 |
|
32.3 |
% |
|||||
| Non-controlling interests | 10 |
|
346 |
|
0.5 |
% |
24 |
|
767 |
|
0.4 |
% |
|||||
| Comprehensive income (loss) attributable to: | |||||||||||||||||
| Shareholders of the parent | 987 |
|
31,332 |
|
41.6 |
% |
2,210 |
|
70,139 |
|
33.3 |
% |
|||||
| Non-controlling interests | 11 |
|
346 |
|
0.4 |
% |
24 |
|
768 |
|
0.3 |
% |
|||||
| Earnings per share-basic | 0.069 |
|
2.19 |
|
0.175 |
|
5.54 |
|
|||||||||
| Earnings per ADS (2) | 0.345 |
|
10.95 |
|
0.873 |
|
27.70 |
|
|||||||||
| Weighted average number of shares
outstanding (in millions) |
12,306 |
|
12,291 |
|
|||||||||||||
| Notes: | |||||||||||||||||
| (1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2022 exchange rate of NT $31.74 per U.S. Dollar. | |||||||||||||||||
| (2) 1 ADS equals 5 common shares. | |||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||
| Consolidated Condensed Statement of Cash Flows | |||||
| For The Nine-Month Period Ended September 30, 2022 | |||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||
| US$ | NT$ | ||||
| Cash flows from operating activities : | |||||
| Net income before tax | 2,570 |
|
81,571 |
|
|
| Depreciation & Amortization | 1,061 |
|
33,692 |
|
|
| Share of loss of associates and joint ventures | 112 |
|
3,557 |
|
|
| Income tax paid | (137 |
) |
(4,333 |
) |
|
| Changes in working capital & others | (301 |
) |
(9,582 |
) |
|
| Net cash provided by operating activities | 3,305 |
|
104,905 |
|
|
| Cash flows from investing activities : | |||||
| Decrease in financial assets measured at amortized cost | 898 |
|
28,488 |
|
|
| Acquisition of property, plant and equipment | (1,392 |
) |
(44,176 |
) |
|
| Acquisition of intangible assets | (73 |
) |
(2,316 |
) |
|
| Others | (12 |
) |
(379 |
) |
|
| Net cash used in investing activities | (579 |
) |
(18,383 |
) |
|
| Cash flows from financing activities : | |||||
| Decrease in short-term loans | (55 |
) |
(1,759 |
) |
|
| Redemption of bonds | (339 |
) |
(10,763 |
) |
|
| Proceeds from long-term loans | 22 |
|
710 |
|
|
| Repayments of long-term loans | (367 |
) |
(11,650 |
) |
|
| Increase in guarantee deposits | 484 |
|
15,374 |
|
|
| Cash distributed from additional paid-in capital | (1,180 |
) |
(37,446 |
) |
|
| Others | (79 |
) |
(2,535 |
) |
|
| Net cash used in financing activities | (1,514 |
) |
(48,069 |
) |
|
| Effect of exchange rate changes on cash and cash equivalents | 302 |
|
9,574 |
|
|
| Net increase in cash and cash equivalents | 1,514 |
|
48,027 |
|
|
| Cash and cash equivalents at beginning of period | 4,178 |
|
132,622 |
|
|
| Cash and cash equivalents at end of period | 5,692 |
|
180,649 |
|
|
| Note: New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2022 exchange rate of NT $31.74 per U.S. Dollar. | |||||
