United Microelectronics (UMC) financial statements

Technology · Semiconductors · Market cap $63.7B

United Microelectronics reported revenue of 232.3B TWD in fiscal 2024, up 5.4% a year over 9 years.

Net income was 48.8B TWD and the operating margin 22.2%, against 7.5% in 2015.

Free cash flow was 2.5B TWD.

The diluted share count fell 6% over the period (buybacks).

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/UMC/financials">United Microelectronics financials</a> on Investingly</p>

Income statement

Fiscal years, in TWD, from United Microelectronics's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Revenue	144.8B TWD	147.9B TWD	149.3B TWD	151.3B TWD	148.2B TWD	176.8B TWD	213.0B TWD	278.7B TWD	222.5B TWD	232.3B TWD
Cost of revenue	113.1B TWD	117.5B TWD	122.2B TWD	128.4B TWD	126.9B TWD	137.8B TWD	141.0B TWD	152.9B TWD	144.8B TWD	156.6B TWD
Gross profit	31.8B TWD	30.4B TWD	27.1B TWD	22.8B TWD	21.3B TWD	39.0B TWD	72.0B TWD	125.8B TWD	77.7B TWD	75.7B TWD
Research and development	12.2B TWD	13.5B TWD	13.7B TWD	13.0B TWD	11.9B TWD	12.9B TWD	12.9B TWD	13.0B TWD	13.3B TWD	15.6B TWD
Selling, general and admin	—	5.8B TWD	4.2B TWD	4.9B TWD	5.3B TWD	6.7B TWD	8.0B TWD	9.7B TWD	7.5B TWD	7.1B TWD
Operating income	10.8B TWD	6.2B TWD	6.6B TWD	5.7B TWD	4.9B TWD	21.9B TWD	51.7B TWD	104.3B TWD	57.9B TWD	51.6B TWD
Interest expense	524M TWD	1.4B TWD	2.5B TWD	2.9B TWD	3.0B TWD	2.1B TWD	2.0B TWD	1.9B TWD	1.6B TWD	1.8B TWD
Pre-tax income	13.7B TWD	4.7B TWD	7.7B TWD	2.1B TWD	4.8B TWD	22.5B TWD	58.5B TWD	109.6B TWD	68.5B TWD	57.0B TWD
Income tax	1.0B TWD	553M TWD	992M TWD	-1.1B TWD	230M TWD	1.7B TWD	7.9B TWD	19.3B TWD	8.3B TWD	8.4B TWD
Net income	13.3B TWD	8.6B TWD	9.7B TWD	7.7B TWD	8.2B TWD	22.9B TWD	51.2B TWD	89.5B TWD	59.7B TWD	48.8B TWD
EPS (diluted)	1.02 TWD	0.67 TWD	0.75 TWD	0.60 TWD	0.65 TWD	1.87 TWD	4.19 TWD	7.16 TWD	4.82 TWD	3.94 TWD
Diluted shares	13.17B	13.35B	13.27B	13.27B	12.95B	12.25B	12.24B	12.49B	12.38B	12.37B
Gross margin	21.9%	20.5%	18.1%	15.1%	14.4%	22.1%	33.8%	45.1%	34.9%	32.6%
Operating margin	7.5%	4.2%	4.4%	3.8%	3.3%	12.4%	24.3%	37.4%	26.0%	22.2%
Net margin	9.2%	5.8%	6.5%	5.1%	5.5%	12.9%	24.1%	32.1%	26.8%	21.0%

Balance sheet

Fiscal years, in TWD, from United Microelectronics's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Cash and short-term investments	53.3B TWD	57.6B TWD	81.7B TWD	83.7B TWD	95.5B TWD	94.0B TWD	132.6B TWD	173.8B TWD	132.6B TWD	105.0B TWD
Receivables	—	22.9B TWD	20.9B TWD	23.7B TWD	25.5B TWD	27.1B TWD	34.6B TWD	36.4B TWD	29.2B TWD	32.7B TWD
Inventory	—	17.0B TWD	18.3B TWD	18.2B TWD	21.7B TWD	22.6B TWD	23.0B TWD	31.1B TWD	35.7B TWD	35.8B TWD
Total current assets	—	110.5B TWD	139.3B TWD	141.2B TWD	153.8B TWD	164.3B TWD	233.3B TWD	252.4B TWD	216.8B TWD	189.7B TWD
Property, plant and equipment	—	225.0B TWD	205.7B TWD	172.8B TWD	150.4B TWD	132.8B TWD	129.9B TWD	171.0B TWD	239.1B TWD	279.1B TWD
Total assets	—	384.2B TWD	391.1B TWD	362.6B TWD	366.3B TWD	366.5B TWD	451.0B TWD	524.6B TWD	546.6B TWD	560.2B TWD
Total current liabilities	—	72.8B TWD	88.8B TWD	50.0B TWD	73.0B TWD	79.5B TWD	108.2B TWD	112.6B TWD	101.9B TWD	77.4B TWD
Total liabilities	—	169.3B TWD	181.5B TWD	158.2B TWD	163.3B TWD	143.3B TWD	186.6B TWD	201.8B TWD	202.9B TWD	194.5B TWD
Shareholders' equity	224.9B TWD	212.8B TWD	208.7B TWD	203.9B TWD	202.5B TWD	223.0B TWD	264.2B TWD	322.5B TWD	343.4B TWD	365.5B TWD
Net debt	-53.3B TWD	-37.0B TWD	-56.2B TWD	-70.6B TWD	-83.5B TWD	-83.0B TWD	-130.7B TWD	-173.8B TWD	-119.0B TWD	-96.5B TWD

Cash flow

Fiscal years, in TWD, from United Microelectronics's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Operating cash flow	59.8B TWD	46.5B TWD	52.5B TWD	50.9B TWD	54.9B TWD	65.7B TWD	90.4B TWD	145.9B TWD	86.0B TWD	93.9B TWD
Capital spending	61.6B TWD	93.1B TWD	45.5B TWD	20.4B TWD	19.0B TWD	28.4B TWD	50.0B TWD	82.9B TWD	94.0B TWD	91.3B TWD
Free cash flow	-1.8B TWD	-46.7B TWD	7.0B TWD	30.5B TWD	35.9B TWD	37.4B TWD	40.4B TWD	63.0B TWD	-8.0B TWD	2.5B TWD
Stock-based compensation	838,000 TWD	0 TWD	0 TWD	696M TWD	366M TWD	959M TWD	1.7B TWD	1.4B TWD	1.0B TWD	789M TWD
Dividends paid	6.9B TWD	6.9B TWD	6.1B TWD	8.6B TWD	6.9B TWD	9.8B TWD	19.9B TWD	—	—	—
Share buybacks (net)	-2.2B TWD	-2.4B TWD	0 TWD	-6.1B TWD	-3.0B TWD	-1.7B TWD	0 TWD	0 TWD	—	—
Net borrowing	-385M TWD	17.0B TWD	4.4B TWD	-1.9B TWD	3.9B TWD	137M TWD	4.1B TWD	-18.8B TWD	3.9B TWD	13.2B TWD
Free cash flow margin	-1.2%	-31.6%	4.7%	20.2%	24.3%	21.1%	19.0%	22.6%	-3.6%	1.1%
Dividends per share	0.53 TWD	0.52 TWD	0.46 TWD	0.64 TWD	0.53 TWD	0.80 TWD	1.62 TWD	—	—	—

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Questions

What was United Microelectronics's revenue in 2024?

232.3B TWD in fiscal 2024, from its 10-K filing.

How much free cash flow does United Microelectronics generate?

2.5B TWD in fiscal 2024 (operating cash flow minus capital spending).

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