ASX FY 2018 Earnings Report — ASE Technology Holding Co., Ltd. Revenue & Financial Results | Market Cap Arena

ASE Technology Holding Co., Ltd.ASX

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$12.0B	—	$9.1B	—	31.2%
Op. Income	$872M	—	$796M	—	9.6%
Gross Margin	15.7%	—	17.4%	—	-1.7pp
Net Margin	6.8%	—	7.9%	—	-1.1pp
EPS (Diluted)	$0.38	—	$0.33	—	13.4%
Free Cash Flow	$301M	—	$721M	—	-58.2%

Revenue Flow

Item	Amount
REVENUE	$12.0B
Cost of Revenue	$10.1B
GROSS PROFIT	$1.9B
R&D Expenses	$483M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$521M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$11.1B
OPERATING INCOME	$872M
Interest Income	$14M
Interest Expense	$97M
Other Income/Expenses	$162M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$180M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$815M
Net Income Deductions	$13M
BOTTOM LINE NET INCOME	$802M
D&A	$1.4B
EBIT	$1.2B
EBITDA	$2.5B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$12.0B
Cost of Revenue	$10.1B
GROSS PROFIT	$1.9B
R&D Expenses	$483M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$521M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$11.1B
OPERATING INCOME	$872M
Interest Income	$14M
Interest Expense	$97M
Other Income/Expenses	$162M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$180M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$815M
Net Income Deductions	$13M
BOTTOM LINE NET INCOME	$802M
D&A	$1.4B
EBIT	$1.2B
EBITDA	$2.5B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$815M
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$120M
Change in Working Capital	-$423M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$3.3B
Purchases of Investments	-$22M
Sales/Maturities of Investments	$216M
Other Investing Activities	$81M
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	$3.3B
Common Stock Repurchased	-$2M
Common Dividends Paid	-$342M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$3.0B
FREE CASH FLOW	$301M
Net Change in Cash	$124M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$437M
Net Receivables	$2.7B
Inventory	$1.5B
Other Current Assets	$177M
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$6.8B
Goodwill	$1.6B
Intangible Assets	$979M
Long-Term Investments	$399M
Tax Assets	$162M
Other Non-Current Assets	$612M
TOTAL NON-CURRENT ASSETS	$10.5B
TOTAL ASSETS	$16.9B
Account Payables	$1.8B
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$653M
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$4.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$184M
Other Non-Current Liabilities	$206M
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$10.0B
Common Stock	$1.4B
Additional Paid-In Capital	$4.5B
Retained Earnings	$646M
Treasury Stock	-$62M
Accum. Other Comp. Income	$106M
Other Equity	-$219M
TOTAL STOCKHOLDERS' EQUITY	$6.4B
Minority Interest	$559M
TOTAL EQUITY	$6.9B
TOTAL LIABILITIES & EQUITY	$16.9B
Total Debt	$6.3B
Net Debt	$4.6B