Taiwan Semiconductor Manufacturing (TSM) financial statements

Technology · Semiconductors · Market cap $2.37T

Taiwan Semiconductor Manufacturing reported revenue of 2.89T TWD in fiscal 2024, up 14.7% a year over 9 years.

Net income was 1.16T TWD and the operating margin 45.7%, against 37.9% in 2015.

Free cash flow was 861.3B TWD, and the company returned 363.1B TWD in dividends.

Revenue and free cash flow

Fiscal years, $ billions (TWD).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/TSM/financials">Taiwan Semiconductor Manufacturing financials</a> on Investingly</p>

Income statement

Fiscal years, in TWD, from Taiwan Semiconductor Manufacturing's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Revenue	843.5B TWD	947.9B TWD	977.4B TWD	1.03T TWD	1.07T TWD	1.34T TWD	1.59T TWD	2.26T TWD	2.16T TWD	2.89T TWD
Cost of revenue	433.1B TWD	473.1B TWD	482.6B TWD	533.5B TWD	577.3B TWD	628.1B TWD	767.9B TWD	915.5B TWD	986.6B TWD	1.27T TWD
Gross profit	410.4B TWD	474.8B TWD	494.8B TWD	497.9B TWD	492.7B TWD	711.1B TWD	819.5B TWD	1.35T TWD	1.18T TWD	1.62T TWD
Research and development	65.5B TWD	71.2B TWD	80.7B TWD	85.9B TWD	91.4B TWD	109.5B TWD	124.7B TWD	163.3B TWD	182.4B TWD	204.2B TWD
Selling, general and admin	—	19.8B TWD	21.2B TWD	20.3B TWD	21.7B TWD	28.5B TWD	36.9B TWD	53.5B TWD	60.9B TWD	83.7B TWD
Operating income	320.0B TWD	378.0B TWD	385.6B TWD	383.6B TWD	372.7B TWD	566.8B TWD	650.0B TWD	1.12T TWD	921.5B TWD	1.32T TWD
Interest expense	3.2B TWD	3.3B TWD	3.3B TWD	3.1B TWD	3.3B TWD	2.1B TWD	5.4B TWD	11.8B TWD	12.0B TWD	10.5B TWD
Pre-tax income	350.5B TWD	385.9B TWD	396.2B TWD	397.5B TWD	389.9B TWD	584.7B TWD	663.0B TWD	1.14T TWD	979.3B TWD	1.41T TWD
Income tax	47.6B TWD	54.1B TWD	51.1B TWD	34.4B TWD	35.8B TWD	73.7B TWD	70.2B TWD	150.8B TWD	128.3B TWD	248.3B TWD
Net income	302.9B TWD	331.7B TWD	345.0B TWD	363.1B TWD	353.9B TWD	510.7B TWD	592.4B TWD	992.9B TWD	851.7B TWD	1.16T TWD
EPS (diluted)	11.68 TWD	12.79 TWD	13.30 TWD	14.00 TWD	13.65 TWD	19.70 TWD	22.84 TWD	38.29 TWD	32.85 TWD	44.67 TWD
Diluted shares	25.93B	25.93B	25.93B	25.93B	25.93B	25.93B	25.93B	25.93B	25.93B	25.93B
Gross margin	48.7%	50.1%	50.6%	48.3%	46.0%	53.1%	51.6%	59.6%	54.4%	56.1%
Operating margin	37.9%	39.9%	39.4%	37.2%	34.8%	42.3%	40.9%	49.5%	42.6%	45.7%
Net margin	35.9%	35.0%	35.3%	35.2%	33.1%	38.1%	37.3%	43.9%	39.4%	40.0%

Balance sheet

Fiscal years, in TWD, from Taiwan Semiconductor Manufacturing's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Cash and short-term investments	562.7B TWD	541.3B TWD	553.4B TWD	577.8B TWD	455.4B TWD	660.2B TWD	1.06T TWD	1.34T TWD	1.47T TWD	2.13T TWD
Receivables	—	128.3B TWD	121.1B TWD	128.6B TWD	138.9B TWD	145.5B TWD	197.6B TWD	229.8B TWD	201.3B TWD	270.7B TWD
Inventory	—	48.7B TWD	73.9B TWD	103.2B TWD	83.0B TWD	137.4B TWD	193.1B TWD	221.1B TWD	251.0B TWD	287.9B TWD
Total current assets	—	817.7B TWD	857.2B TWD	951.7B TWD	822.6B TWD	1.09T TWD	1.61T TWD	2.05T TWD	2.19T TWD	3.09T TWD
Property, plant and equipment	853.5B TWD	997.8B TWD	1.06T TWD	1.07T TWD	1.35T TWD	1.56T TWD	1.98T TWD	2.69T TWD	3.06T TWD	3.23T TWD
Total assets	—	1.89T TWD	1.99T TWD	2.09T TWD	2.26T TWD	2.76T TWD	3.73T TWD	4.96T TWD	5.53T TWD	6.69T TWD
Total current liabilities	—	348.3B TWD	386.9B TWD	356.8B TWD	598.4B TWD	631.9B TWD	758.4B TWD	986.6B TWD	942.8B TWD	1.31T TWD
Long-term debt	—	—	—	—	—	2.0B TWD	3.3B TWD	4.8B TWD	4.4B TWD	31.8B TWD
Total liabilities	—	526.5B TWD	497.3B TWD	428.9B TWD	650.3B TWD	924.8B TWD	1.57T TWD	2.05T TWD	2.08T TWD	2.41T TWD
Shareholders' equity	1.19T TWD	1.36T TWD	1.49T TWD	1.66T TWD	1.61T TWD	1.83T TWD	2.15T TWD	2.90T TWD	3.43T TWD	4.24T TWD
Net debt	-562.7B TWD	-483.3B TWD	-489.6B TWD	-489.1B TWD	-336.9B TWD	-569.6B TWD	-946.8B TWD	-1.34T TWD	-1.46T TWD	-2.10T TWD

Cash flow

Fiscal years, in TWD, from Taiwan Semiconductor Manufacturing's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Operating cash flow	529.9B TWD	539.8B TWD	585.3B TWD	574.0B TWD	615.1B TWD	822.7B TWD	1.11T TWD	1.61T TWD	1.24T TWD	1.83T TWD
Capital spending	261.8B TWD	332.3B TWD	335.1B TWD	322.7B TWD	469.8B TWD	516.8B TWD	848.2B TWD	1.09T TWD	955.3B TWD	964.9B TWD
Free cash flow	268.1B TWD	207.5B TWD	250.2B TWD	251.3B TWD	145.4B TWD	305.9B TWD	263.9B TWD	521.0B TWD	286.6B TWD	861.3B TWD
Stock-based compensation	—	—	—	—	3M TWD	7M TWD	8M TWD	302M TWD	483M TWD	1.2B TWD
Dividends paid	116.7B TWD	155.6B TWD	181.5B TWD	207.4B TWD	259.3B TWD	259.3B TWD	265.8B TWD	285.2B TWD	291.7B TWD	363.1B TWD
Net borrowing	—	-8M TWD	-31M TWD	—	—	2.0B TWD	1.5B TWD	2.5B TWD	693M TWD	28.6B TWD
Free cash flow margin	31.8%	21.9%	25.6%	24.4%	13.6%	22.8%	16.6%	23.0%	13.3%	29.8%
Dividends per share	4.50 TWD	6.00 TWD	7.00 TWD	8.00 TWD	10.00 TWD	10.00 TWD	10.25 TWD	11.00 TWD	11.25 TWD	14.00 TWD

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Questions

What was Taiwan Semiconductor Manufacturing's revenue in 2024?

2.89T TWD in fiscal 2024, from its 10-K filing.

How much free cash flow does Taiwan Semiconductor Manufacturing generate?

861.3B TWD in fiscal 2024 (operating cash flow minus capital spending).

From Taiwan Semiconductor Manufacturing's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.