- FINANCIAL TABLES TO FOLLOW -
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||
| Consolidated Condensed Balance Sheet | |||||||||||
| As of June 30, 2020 | |||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||
| June 30, 2020 | |||||||||||
| US$ | NT$ | % | |||||||||
| Assets | |||||||||||
| Current assets | |||||||||||
| Cash and cash equivalents | 3,371 |
99,872 |
27.2% |
||||||||
| Notes & Accounts receivable, net | 920 |
27,260 |
7.4% |
||||||||
| Inventories, net | 788 |
23,342 |
6.4% |
||||||||
| Other current assets | 589 |
17,481 |
4.7% |
||||||||
| Total current assets | 5,668 |
167,955 |
45.7% |
||||||||
| Non-current assets | |||||||||||
| Funds and investments | 1,415 |
41,939 |
11.4% |
||||||||
| Property, plant and equipment | 4,449 |
131,817 |
35.9% |
||||||||
| Right-of-use assets | 274 |
8,117 |
2.2% |
||||||||
| Other non-current assets | 598 |
17,716 |
4.8% |
||||||||
| Total non-current assets | 6,736 |
199,589 |
54.3% |
||||||||
| Total assets | 12,404 |
367,544 |
100.0% |
||||||||
| Liabilities | |||||||||||
| Current liabilities | |||||||||||
| Short-term loans | 324 |
9,612 |
2.6% |
||||||||
| Payables | 1,004 |
29,763 |
8.1% |
||||||||
| Dividends payable | 330 |
9,765 |
2.7% |
||||||||
| Current portion of long-term liabilities | 260 |
7,712 |
2.1% |
||||||||
| Other current liabilities | 279 |
8,256 |
2.2% |
||||||||
| Total current liabilities | 2,197 |
65,108 |
17.7% |
||||||||
| Non-current liabilities | |||||||||||
| Bonds payable | 563 |
16,689 |
4.5% |
||||||||
| Long-term loans | 1,242 |
36,807 |
10.0% |
||||||||
| Lease liabilities, noncurrent | 182 |
5,382 |
1.5% |
||||||||
| Other non-current liabilities | 1,160 |
34,355 |
9.4% |
||||||||
| Total non-current liabilities | 3,147 |
93,233 |
25.4% |
||||||||
| Total liabilities | 5,344 |
158,341 |
43.1% |
||||||||
| Equity | |||||||||||
| Equity attributable to the parent company | |||||||||||
| Capital | 4,125 |
122,224 |
33.3% |
||||||||
| Additional paid-in capital | 1,378 |
40,828 |
11.1% |
||||||||
| Retained earnings, exchange differences on translation of
foreign operations and unrealized gains or losses on financial assets measured at fair value through other comprehensive income |
1,600 |
47,395 |
12.9% |
||||||||
| Treasury stock | (45) |
(1,320) |
(0.4%) |
||||||||
| Total equity attributable to the parent company | 7,058 |
209,127 |
56.9% |
||||||||
| Non-controlling interests | 2 |
76 |
0.0% |
||||||||
| Total equity | 7,060 |
209,203 |
56.9% |
||||||||
| Total liabilities and equity | 12,404 |
367,544 |
100.0% |
||||||||
| Note：New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2020 exchange rate of NT $29.63 per U.S. Dollar. | |||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | |||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||||||||||
| Except Per Share and Per ADS Data | |||||||||||||||||||
| Year over Year Comparison | Quarter over Quarter Comparison | ||||||||||||||||||
| Three-Month Period Ended | Three-Month Period Ended | ||||||||||||||||||
| June 30, 2020 | June 30, 2019 | Chg. | June 30, 2020 | March 31, 2020 | Chg. | ||||||||||||||
| US$ | NT$ | US$ | NT$ | % | US$ | NT$ | US$ | NT$ | % | ||||||||||
| Operating revenues | 1,498 |
44,386 |
1,216 |
36,031 |
23.2% |
1,498 |
44,386 |
1,427 |
42,268 |
5.0% |
|||||||||
| Operating costs | (1,152) |
(34,129) |
(1,025) |
(30,379) |
12.3% |
(1,152) |
(34,129) |
(1,153) |
(34,146) |
(0.0%) |
|||||||||
| Gross profit | 346 |
10,257 |
191 |
5,652 |
81.5% |
346 |
10,257 |
274 |
8,122 |
26.3% |
|||||||||
| 23.1% |
23.1% |
15.7% |
15.7% |
23.1% |
23.1% |
19.2% |
19.2% |
||||||||||||
| Operating expenses | |||||||||||||||||||
| - Sales and marketing expenses | (31) |
(929) |
(32) |
(953) |
(2.6%) |
(31) |
(929) |
(35) |
(1,040) |
(10.7%) |
|||||||||
| - General and administrative expenses | (53) |
(1,537) |
(43) |
(1,251) |
23.0% |
(53) |
(1,537) |
(53) |
(1,543) |
(0.3%) |
|||||||||
| - Research and development expenses | (108) |
(3,203) |
(94) |
(2,787) |
14.9% |
(108) |
(3,203) |
(107) |
(3,185) |
0.6% |
|||||||||
| - Expected credit impairment gain (loss) | (0) |
(8) |
(20) |
(587) |
(98.7%) |
(0) |
(8) |
2 |
46 |
- |
|||||||||
| Subtotal | (192) |
(5,677) |
(189) |
(5,578) |
1.8% |
(192) |
(5,677) |
(193) |
(5,722) |
(0.8%) |
|||||||||
| Net other operating income and expenses | 43 |
1,266 |
57 |
1,687 |
(25.0%) |
43 |
1,266 |
34 |
1,014 |
24.9% |
|||||||||
| Operating income | 197 |
5,846 |
59 |
1,761 |
232.0% |
197 |
5,846 |
115 |
3,414 |
71.2% |
|||||||||
| 13.2% |
13.2% |
4.9% |
4.9% |
13.2% |
13.2% |
8.1% |
8.1% |
||||||||||||
| Net non-operating income and expenses | 28 |
818 |
(20) |
(617) |
- |
28 |
818 |
(87) |
(2,592) |
- |
|||||||||
| Income from continuing operations
before income tax |
225 |
6,664 |
39 |
1,144 |
482.6% |
225 |
6,664 |
28 |
822 |
710.8% |
|||||||||
| 15.0% |
15.0% |
3.2% |
3.2% |
15.0% |
15.0% |
1.9% |
1.9% |
||||||||||||
| Income tax benefit (expense) | (21) |
(613) |
(7) |
(202) |
204.2% |
(21) |
(613) |
14 |
408 |
- |
|||||||||
| Net income | 204 |
6,051 |
32 |
942 |
542.1% |
204 |
6,051 |
42 |
1,230 |
391.8% |
|||||||||
| 13.6% |
13.6% |
2.6% |
2.6% |
13.6% |
13.6% |
2.9% |
2.9% |
||||||||||||
| Other comprehensive income (loss) | 107 |
3,178 |
25 |
743 |
328.2% |
107 |
3,178 |
(126) |
(3,714) |
- |
|||||||||
| Total comprehensive income (loss) | 311 |
9,229 |
57 |
1,685 |
447.9% |
311 |
9,229 |
(84) |
(2,484) |
- |
|||||||||
| Net income attributable to: | |||||||||||||||||||
| Stockholders of the parent | 225 |
6,681 |
59 |
1,740 |
283.8% |
225 |
6,681 |
74 |
2,207 |
202.7% |
|||||||||
| Non-controlling interests | (21) |
(630) |
(27) |
(798) |
(21.1%) |
(21) |
(630) |
(32) |
(977) |
(35.5%) |
|||||||||
| Comprehensive income (loss) attributable to: | |||||||||||||||||||
| Stockholders of the parent | 333 |
9,859 |
84 |
2,488 |
296.3% |
333 |
9,859 |
(55) |
(1,634) |
- |
|||||||||
| Non-controlling interests | (22) |
(630) |
(27) |
(803) |
(21.6%) |
(22) |
(630) |
(29) |
(850) |
(25.9%) |
|||||||||
| Earnings per share-basic | 0.019 |
0.55 |
0.005 |
0.15 |
0.019 |
0.55 |
0.006 |
0.19 |
|||||||||||
| Earnings per ADS (2) | 0.093 |
2.75 |
0.025 |
0.75 |
0.093 |
2.75 |
0.032 |
0.95 |
|||||||||||
| Weighted average number of shares | |||||||||||||||||||
| outstanding (in millions) | 12,193 |
11,818 |
12,193 |
11,783 |
|||||||||||||||
| Notes: | |||||||||||||||||||
| (1) New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2020 exchange rate of NT $29.63 per U.S. Dollar. | |||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | |||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | |||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||||||||||
| Except Per Share and Per ADS Data | |||||||||||||||||||
| Year over Year Comparison | Quarter over Quarter Comparison | ||||||||||||||||||
| Three-Month Period Ended | Three-Month Period Ended | ||||||||||||||||||
| June 30, 2020 | June 30, 2019 | Chg. | June 30, 2020 | March 31, 2020 | Chg. | ||||||||||||||
| US$ | NT$ | US$ | NT$ | % | US$ | NT$ | US$ | NT$ | % | ||||||||||
| Operating revenues | 1,498 |
44,386 |
1,216 |
36,031 |
23.2% |
1,498 |
44,386 |
1,427 |
42,268 |
5.0% |
|||||||||
| Operating costs | (1,152) |
(34,129) |
(1,025) |
(30,379) |
12.3% |
(1,152) |
(34,129) |
(1,153) |
(34,146) |
(0.0%) |
|||||||||
| Gross profit | 346 |
10,257 |
191 |
5,652 |
81.5% |
346 |
10,257 |
274 |
8,122 |
26.3% |
|||||||||
| 23.1% |
23.1% |
15.7% |
15.7% |
23.1% |
23.1% |
19.2% |
19.2% |
||||||||||||
| Operating expenses | |||||||||||||||||||
| - Sales and marketing expenses | (31) |
(929) |
(32) |
(953) |
(2.6%) |
(31) |
(929) |
(35) |
(1,040) |
(10.7%) |
|||||||||
| - General and administrative expenses | (53) |
(1,537) |
(43) |
(1,251) |
23.0% |
(53) |
(1,537) |
(53) |
(1,543) |
(0.3%) |
|||||||||
| - Research and development expenses | (108) |
(3,203) |
(94) |
(2,787) |
14.9% |
(108) |
(3,203) |
(107) |
(3,185) |
0.6% |
|||||||||
| - Expected credit impairment gain (loss) | (0) |
(8) |
(20) |
(587) |
(98.7%) |
(0) |
(8) |
2 |
46 |
- |
|||||||||
| Subtotal | (192) |
(5,677) |
(189) |
(5,578) |
1.8% |
(192) |
(5,677) |
(193) |
(5,722) |
(0.8%) |
|||||||||
| Net other operating income and expenses | 43 |
1,266 |
57 |
1,687 |
(25.0%) |
43 |
1,266 |
34 |
1,014 |
24.9% |
|||||||||
| Operating income | 197 |
5,846 |
59 |
1,761 |
232.0% |
197 |
5,846 |
115 |
3,414 |
71.2% |
|||||||||
| 13.2% |
13.2% |
4.9% |
4.9% |
13.2% |
13.2% |
8.1% |
8.1% |
||||||||||||
| Net non-operating income and expenses | 28 |
818 |
(20) |
(617) |
- |
28 |
818 |
(87) |
(2,592) |
- |
|||||||||
| Income from continuing operations
before income tax |
225 |
6,664 |
39 |
1,144 |
482.6% |
225 |
6,664 |
28 |
822 |
710.8% |
|||||||||
| 15.0% |
15.0% |
3.2% |
3.2% |
15.0% |
15.0% |
1.9% |
1.9% |
||||||||||||
| Income tax benefit (expense) | (21) |
(613) |
(7) |
(202) |
204.2% |
(21) |
(613) |
14 |
408 |
- |
|||||||||
| Net income | 204 |
6,051 |
32 |
942 |
542.1% |
204 |
6,051 |
42 |
1,230 |
391.8% |
|||||||||
| 13.6% |
13.6% |
2.6% |
2.6% |
13.6% |
13.6% |
2.9% |
2.9% |
||||||||||||
| Other comprehensive income (loss) | 107 |
3,178 |
25 |
743 |
328.2% |
107 |
3,178 |
(126) |
(3,714) |
- |
|||||||||
| Total comprehensive income (loss) | 311 |
9,229 |
57 |
1,685 |
447.9% |
311 |
9,229 |
(84) |
(2,484) |
- |
|||||||||
| Net income attributable to: | |||||||||||||||||||
| Stockholders of the parent | 225 |
6,681 |
59 |
1,740 |
283.8% |
225 |
6,681 |
74 |
2,207 |
202.7% |
|||||||||
| Non-controlling interests | (21) |
(630) |
(27) |
(798) |
(21.1%) |
(21) |
(630) |
(32) |
(977) |
(35.5%) |
|||||||||
| Comprehensive income (loss) attributable to: | |||||||||||||||||||
| Stockholders of the parent | 333 |
9,859 |
84 |
2,488 |
296.3% |
333 |
9,859 |
(55) |
(1,634) |
- |
|||||||||
| Non-controlling interests | (22) |
(630) |
(27) |
(803) |
(21.6%) |
(22) |
(630) |
(29) |
(850) |
(25.9%) |
|||||||||
| Earnings per share-basic | 0.019 |
0.55 |
0.005 |
0.15 |
0.019 |
0.55 |
0.006 |
0.19 |
|||||||||||
| Earnings per ADS (2) | 0.093 |
2.75 |
0.025 |
0.75 |
0.093 |
2.75 |
0.032 |
0.95 |
|||||||||||
| Weighted average number of shares | |||||||||||||||||||
| outstanding (in millions) | 12,193 |
11,818 |
12,193 |
11,783 |
|||||||||||||||
| Notes: | |||||||||||||||||||
| (1) New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2020 exchange rate of NT $29.63 per U.S. Dollar. | |||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | |||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||
| Consolidated Condensed Statements of Comprehensive Income | |||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||
| Except Per Share and Per ADS Data | |||||||||||
| For the Three-Month Period Ended | For the Six-Month Period Ended | ||||||||||
| June 30, 2020 | June 30, 2020 | ||||||||||
| US$ | NT$ | % | US$ | NT$ | % | ||||||
| Operating revenues | 1,498 |
44,386 |
100.0% |
2,925 |
86,654 |
100.0% |
|||||
| Operating costs | (1,152) |
(34,129) |
(76.9%) |
(2,305) |
(68,274) |
(78.8%) |
|||||
| Gross profit | 346 |
10,257 |
23.1% |
620 |
18,380 |
21.2% |
|||||
| Operating expenses | |||||||||||
| - Sales and marketing expenses | (31) |
(929) |
(2.1%) |
(66) |
(1,968) |
(2.3%) |
|||||
| - General and administrative expenses | (53) |
(1,537) |
(3.5%) |
(103) |
(3,083) |
(3.5%) |
|||||
| - Research and development expenses | (108) |
(3,203) |
(7.2%) |
(216) |
(6,388) |
(7.4%) |
|||||
| - Expected credit impairment gain (loss) | (0) |
(8) |
(0.0%) |
1 |
39 |
0.1% |
|||||
| Subtotal | (192) |
(5,677) |
(12.8%) |
(384) |
(11,400) |
(13.1%) |
|||||
| Net other operating income and expenses | 43 |
1,266 |
2.9% |
77 |
2,280 |
2.6% |
|||||
| Operating income | 197 |
5,846 |
13.2% |
313 |
9,260 |
10.7% |
|||||
| Net non-operating income and expenses | 28 |
818 |
1.8% |
(60) |
(1,774) |
(2.1%) |
|||||
| Income from continuing operations
before income tax |
225 |
6,664 |
15.0% |
253 |
7,486 |
8.6% |
|||||
| Income tax expense | (21) |
(613) |
(1.4%) |
(7) |
(205) |
(0.2%) |
|||||
| Net income | 204 |
6,051 |
13.6% |
246 |
7,281 |
8.4% |
|||||
| Other comprehensive income (loss) | 107 |
3,178 |
7.2% |
(18) |
(536) |
(0.6%) |
|||||
| Total comprehensive income (loss) | 311 |
9,229 |
20.8% |
228 |
6,745 |
7.8% |
|||||
| Net income attributable to: | |||||||||||
| Stockholders of the parent | 225 |
6,681 |
15.1% |
300 |
8,888 |
10.3% |
|||||
| Non-controlling interests | (21) |
(630) |
(1.5%) |
(54) |
(1,607) |
(1.9%) |
|||||
| Comprehensive income (loss) attributable to: | |||||||||||
| Stockholders of the parent | 333 |
9,859 |
22.2% |
278 |
8,225 |
9.5% |
|||||
| Non-controlling interests | (22) |
(630) |
(1.4%) |
(50) |
(1,480) |
(1.7%) |
|||||
| Earnings per share-basic | 0.019 |
0.55 |
0.025 |
0.74 |
|||||||
| Earnings per ADS (2) | 0.093 |
2.75 |
0.125 |
3.70 |
|||||||
| Weighted average number of shares
outstanding (in millions) |
12,193 |
11,988 |
|||||||||
| Notes: | |||||||||||
| (1) New Taiwan Dollars have been translated into U.S. Dollars at the June 30, 2020 exchange rate of NT $29.63 per U.S. Dollar. | |||||||||||
| (2) 1 ADS equals 5 common shares. | |||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||
| Consolidated Condensed Statement of Cash Flows | |||
| For The Six-Month Period Ended June 30, 2020 | |||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||
| US$ | NT$ | ||
| Cash flows from operating activities : | |||
| Net income before tax | 253 |
7,486 |
|
| Depreciation & Amortization | 835 |
24,745 |
|
| Changes in working capital & others | (37) |
(1,096) |
|
| Net cash provided by operating activities | 1,051 |
31,135 |
|
| Cash flows from investing activities : | |||
| Acquisition of property, plant and equipment | (267) |
(7,901) |
|
| Acquisition of intangible assets | (30) |
(901) |
|
| Increase in other financial assets | (273) |
(8,093) |
|
| Others | (3) |
(93) |
|
| Net cash used in investing activities | (573) |
(16,988) |
|
| Cash flows from financing activities : | |||
| Decrease in short-term loans | (74) |
(2,202) |
|
| Redemption of bonds | (462) |
(13,703) |
|
| Proceeds from long-term loans | 405 |
12,000 |
|
| Repayments of long-term loans | (97) |
(2,878) |
|
| Treasury stock acquired | (41) |
(1,201) |
|
| Others | (28) |
(812) |
|
| Net cash used in financing activities | (297) |
(8,796) |
|
| Effect of exchange rate changes on cash and cash equivalents | (33) |
(971) |
|
| Net increase in cash and cash equivalents | 148 |
4,380 |
|
| Cash and cash equivalents at beginning of period | 3,223 |
95,492 |
|
| Cash and cash equivalents at end of period | 3,371 |
99,872 |
|
