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Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
TWD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
TWD ($)
Dec. 31, 2022
TWD ($)
Cash flows from operating activities:        
Net income before tax $ 57,044,820 $ 1,739,702 $ 68,450,404 $ 109,625,660
Adjustments to reconcile net income before tax to net cash provided by operating activities:        
Depreciation 45,472,102 1,386,767 37,757,556 41,328,374
Amortization 2,695,564 82,207 2,726,481 2,841,334
Expected credit impairment losses (gains) (69,519) (2,120) (130,518) 2,723
Net loss of financial assets and liabilities at fair value through profit or loss 320,956 9,788 40,553 1,247,962
Interest expense 1,678,702 51,196 1,473,729 1,785,311
Interest income (3,670,218) (111,931) (4,853,124) (2,022,314)
Dividend income (1,202,714) (36,679) (1,773,498) (2,163,043)
Share-based payment 788,849 24,058 1,031,896 1,351,738
Share of profit of associates and joint ventures (1,238,628) (37,775) (4,307,614) (1,626,103)
Gain on disposal of property, plant and equipment (72,402) (2,208) (268,293) (482,983)
Gain on disposal of subsidiary (352) (11) 0 0
Loss (gain) on disposal of investments accounted for under the equity method 2,093 64 (163,395) (50,553)
Loss on repurchases of bonds 0 0 0 203,851
Exchange loss on financial assets and liabilities 1,331,907 40,619 85,353 2,436,159
Bargain purchase gain in acquisition of equity investee 0 0 (494,001) 0
Gain on lease modification (8,599) (262) (113) (1,162)
Amortization of deferred government grants (841,091) (25,651) (2,663,843) (4,163,746)
Income and expense adjustments 45,186,650 1,378,062 28,461,169 40,687,548
Changes in operating assets and liabilities:        
Financial assets and liabilities at fair value through profit or loss (543,068) (16,562) 1,945,525 14,825
Contract assets 110,439 3,368 (381,105) (47,842)
Notes receivable and accounts receivable (3,269,237) (99,702) 7,201,939 (1,115,482)
Other receivables 662,553 20,206 (526,223) (914,736)
Inventories 365,305 11,141 (4,944,756) (7,637,528)
Other current assets 192,256 5,863 939,912 (4,041,038)
Contract fulfillment costs 303,311 9,250 (164,316) (97,027)
Contract liabilities (599,528) (18,284) (267,858) (252,594)
Accounts payable 14,590 445 (1,341,114) 490,949
Other payables (1,173,347) (35,784) (5,683,081) 9,230,484
Other current liabilities 1,056,250 32,213 1,470,483 791,279
Net defined benefit liabilities (584,384) (17,822) (262,084) (711,115)
Other noncurrent liabilities (4,947) (151) (89,593) (8,039)
Cash generated from operations 98,761,663 3,011,945 94,809,302 146,015,344
Interest received 4,151,879 126,620 4,579,972 1,852,783
Dividend received 2,274,607 69,369 3,649,805 4,132,529
Interest paid (1,339,730) (40,858) (1,027,500) (1,422,337)
Income tax paid (9,976,377) (304,251) (16,011,870) (4,717,790)
Net cash provided by operating activities 93,872,042 2,862,825 85,999,709 145,860,529
Cash flows from investing activities:        
Acquisition of financial assets at fair value through profit or loss (1,894,858) (57,788) (1,182,248) (1,041,792)
Proceeds from disposal of financial assets at fair value through profit or loss 989,051 30,163 525,237 773,318
Acquisition of financial assets at fair value through other comprehensive income or loss (64,694) (1,973) 0 0
Acquisition of financial assets measured at amortized cost (4,167,692) (127,102) (6,296,321) (1,682,788)
Proceeds from redemption of financial assets measured at amortized cost 6,702,256 204,399 678,907 30,179,933
Acquisition of investments accounted for under the equity method (533,973) (16,285) 0 0
Proceeds from disposal of investments accounted for under the equity method 0 0 293,266 0
Proceeds from capital reduction of investments accounted for under the equity method 1,601,874 48,853 1,303,106 0
Increase in prepayment for investments (7,135) (217) 0 0
Disposal of subsidiary (196,009) (5,978) 0 0
Acquisition of property, plant and equipment (88,543,595) (2,700,323) (91,473,668) (80,127,628)
Proceeds from disposal of property, plant and equipment 120,939 3,688 323,385 669,282
Increase in refundable deposits (769,153) (23,457) (44,100) (558,491)
Decrease in refundable deposits 1,519,269 46,333 83,856 186,175
Acquisition of intangible assets (2,799,420) (85,374) (2,546,516) (2,756,155)
Government grants related to assets acquisition 2,131,264 64,997 591,086 173,909
Increase in other noncurrent assets (29,227) (891) (42,532) (243,084)
Decrease in other noncurrent assets 0 0 0 55
Net cash used in investing activities (85,941,103) (2,620,955) (97,786,542) (54,427,266)
Cash flows from financing activities:        
Increase in short-term loans 30,683,900 935,770 29,120,960 228,980
Decrease in short-term loans (35,698,900) (1,088,713) (15,590,960) (2,194,664)
Cash payments for the principal portion of the lease liability (731,138) (22,298) (666,439) (712,854)
Proceeds from bonds issued 0 0 10,000,000 0
Bonds issuance costs (465) (14) (10,755) 0
Redemption of bonds (8,500,000) (259,225) 0 (13,305,050)
Proceeds from long-term loans 36,286,030 1,106,619 15,416,130 2,319,371
Repayments of long-term loans (23,107,596) (704,715) (11,558,426) (21,135,630)
Increase in guarantee deposits 68,041 2,075 11,651,109 15,823,396
Decrease in guarantee deposits (640,362) (19,529) (1,227,764) (838,455)
Decrease in other financial liabilities 0 0 (21,209,443) 0
Cash dividends and cash distributed from additional paid-in capital (37,585,606) (1,146,252) (45,014,783) (37,445,300)
Change in non-controlling interests 26,349 803 4,187 5,456
Net cash used in financing activities (39,199,747) (1,195,479) (29,086,184) (57,254,750)
Effect of exchange rate changes on cash and cash equivalents 3,715,419 113,310 (392,145) 7,018,133
Net increase (decrease) in cash and cash equivalents (27,553,389) (840,299) (41,265,162) 41,196,646
Cash and cash equivalents at beginning of year 132,553,615 4,042,502 173,818,777 132,622,131
Cash and cash equivalents at end of year $ 105,000,226 $ 3,202,203 $ 132,553,615 $ 173,818,777