ASX FY 2019 Earnings Report — ASE Technology Holding Co., Ltd. Revenue & Financial Results | Market Cap Arena

ASE Technology Holding Co., Ltd.ASX

FY 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$12.9B	—	$12.0B	—	8.1%
Op. Income	$755M	—	$872M	—	-13.4%
Gross Margin	14.6%	—	15.7%	—	-1.1pp
Net Margin	4.1%	—	6.8%	—	-2.7pp
EPS (Diluted)	$0.24	—	$0.38	—	-35.0%
Free Cash Flow	$285M	—	$301M	—	-5.4%

Revenue Flow

Item	Amount
REVENUE	$12.9B
Cost of Revenue	$11.1B
GROSS PROFIT	$1.9B
R&D Expenses	$576M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$556M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$12.2B
OPERATING INCOME	$755M
Interest Income	$563.1K
Interest Expense	$4M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$732M
Income Tax Expense	$166M
Net Income from Continuing Ops	$565M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$12M
BOTTOM LINE NET INCOME	$516M
D&A	$1.6B
EBIT	$855M
EBITDA	$2.4B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$12.9B
Cost of Revenue	$11.1B
GROSS PROFIT	$1.9B
R&D Expenses	$576M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$556M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$12.2B
OPERATING INCOME	$755M
Interest Income	$563.1K
Interest Expense	$4M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$732M
Income Tax Expense	$166M
Net Income from Continuing Ops	$565M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$12M
BOTTOM LINE NET INCOME	$516M
D&A	$1.6B
EBIT	$855M
EBITDA	$2.4B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$528M
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$25M
Change in Working Capital	$8M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$1.8B
Acquisitions (Net)	-$368M
Purchases of Investments	-$151M
Sales/Maturities of Investments	$269M
Other Investing Activities	$847.1K
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$493M
Common Stock Repurchased	$0
Common Dividends Paid	-$333M
Other Financing Activities	-$20M
NET CASH FROM FINANCING	$176M
FREE CASH FLOW	$285M
Net Change in Cash	$319M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$155M
Net Receivables	$2.7B
Inventory	$1.4B
Other Current Assets	$216M
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$7.7B
Goodwill	$1.6B
Intangible Assets	$919M
Long-Term Investments	$493M
Tax Assets	$149M
Other Non-Current Assets	$438M
TOTAL NON-CURRENT ASSETS	$11.2B
TOTAL ASSETS	$17.6B
Account Payables	$1.8B
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$628M
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$5.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$183M
Other Non-Current Liabilities	$220M
TOTAL NON-CURRENT LIABILITIES	$6.0B
TOTAL LIABILITIES	$10.9B
Common Stock	$1.4B
Additional Paid-In Capital	$4.4B
Retained Earnings	$666M
Treasury Stock	-$62M
Accum. Other Comp. Income	$288M
Other Equity	-$347M
TOTAL STOCKHOLDERS' EQUITY	$6.3B
Minority Interest	$424M
TOTAL EQUITY	$6.7B
TOTAL LIABILITIES & EQUITY	$17.6B
Total Debt	$7.0B
Net Debt	$5.1B