(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD)) (1)
Twelve Months 2008 4Q 2008 3Q 2008 4Q 2007 (audited) (unaudited)(unaudited)(unaudited) USD NTD NTD NTD NTD Cash Flows from Operating Activities: Net Income $3,182 $99,933 $12,446 $30,574 $34,485 Net Income Attributable to Minority Interest 19 590 196 198 239 Depreciation & Amortization 2,595 81,512 20,961 20,686 20,281 Deferred Income Tax 73 2,279 154 410 877 Equity in Loss (Earnings) of Equity Method Investees, Net (22) (702) 340 (185) (877) Changes in Working Capital & Others 1,206 37,882 29,147 4,220 4,754 Net Cash Provided by Operating Activities 7,053 221,494 63,244 55,903 59,759 Cash Flows from Investing Activities: Acquisitions of: Marketable Financial Instruments (3,241) (101,797) (33,059) (40,201) (32,478) Investments Accounted for Using Equity Method (2) (56) (1) (55) 6 Property, Plant and Equipment (1,886) (59,223) (11,258) (10,378) (19,781) Financial Assets Carried at Cost (15) (463) (73) (87) (103) Proceeds from Disposal or Maturity of: Marketable Financial Instruments 4,908 154,150 63,368 22,126 40,680 Property, Plant and Equipment 6 195 24 140 34 Financial Assets Carried at Cost 6 199 73 -- 141 Others (33) (1,047) (1,061) 1,930 (1,160) Net Cash Provided by (Used In) Investing Activities (257) (8,042) 18,013 (26,525) (12,661) Cash Flows from Financing Activities: Decrease in Guarantee Deposits (24) (759) (140) (83) (321) Proceeds from Exercise of Stock Options 7 227 5 51 35 Bonus Paid to Directors and Supervisors (6) (177) -- (177) -- Repayment of Long-Term Bonds Payable -- -- -- -- (4,500) Cash Dividends Paid for Common Stock (2,445) (76,779) -- (76,779) -- Repurchase of Treasury Stock (1,066) (33,481) -- (23,812) (45,413) Cash Bonus Paid to Employees (125) (3,940) -- (3,940) -- Others (15) (484) (163) (222) 90 Net Cash Used in Financing Activities (3,674) (115,393) (298) (104,962) (50,109) Net Increase (Decrease) in Cash and Cash Equivalents 3,122 98,059 80,959 (75,584) (3,011) Effect of Exchange Rate Changes and Others 51 1,569 1,209 2,684 (331) Cash and Cash Equivalents at Beginning of Period 3,024 94,986 112,446 185,346 98,328 Cash and Cash Equivalents at End of Period $6,197 $194,614 $194,614 $112,446 $94,986 Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the weighted average rate of NTD 31.406 for the year ended December 31, 2008.