ASX FY 2023 Earnings Report — ASE Technology Holding Co., Ltd. Revenue & Financial Results | Market Cap Arena

ASE Technology Holding Co., Ltd.ASX

FY 2023 Earnings

Reported April 3, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$18.2B	—	$21.5B	—	-15.5%
Op. Income	$1.3B	—	$2.6B	—	-50.3%
Gross Margin	14.9%	—	19.5%	—	-4.6pp
Net Margin	5.5%	—	9.3%	—	-3.8pp
EPS (Diluted)	$0.45	—	$0.88	—	-48.5%
Free Cash Flow	$1.6B	—	$981M	—	64.9%

Revenue Flow

Item	Amount
REVENUE	$18.2B
Cost of Revenue	$15.5B
GROSS PROFIT	$2.7B
R&D Expenses	$797M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$624M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$16.9B
OPERATING INCOME	$1.3B
Interest Income	$48M
Interest Expense	$202M
Other Income/Expenses	$37M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$283M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$991M
Net Income Deductions	$15M
BOTTOM LINE NET INCOME	$976M
D&A	$1.8B
EBIT	$1.5B
EBITDA	$3.3B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$18.2B
Cost of Revenue	$15.5B
GROSS PROFIT	$2.7B
R&D Expenses	$797M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$624M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$16.9B
OPERATING INCOME	$1.3B
Interest Income	$48M
Interest Expense	$202M
Other Income/Expenses	$37M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$283M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$991M
Net Income Deductions	$15M
BOTTOM LINE NET INCOME	$976M
D&A	$1.8B
EBIT	$1.5B
EBITDA	$3.3B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$991M
Depreciation & Amortization	$1.8B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$66M
Change in Working Capital	$604M
OPERATING CASH FLOW	$3.3B
Capital Expenditure	-$1.7B
Acquisitions (Net)	$27M
Purchases of Investments	-$77M
Sales/Maturities of Investments	$21M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	-$338M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.2B
Other Financing Activities	-$35M
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$1.6B
Net Change in Cash	$296M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$148M
Net Receivables	$3.8B
Inventory	$2.0B
Other Current Assets	$158M
TOTAL CURRENT ASSETS	$8.3B
PP&E (Net)	$8.8B
Goodwill	$1.7B
Intangible Assets	$564M
Long-Term Investments	$933M
Tax Assets	$203M
Other Non-Current Assets	$738M
TOTAL NON-CURRENT ASSETS	$12.8B
TOTAL ASSETS	$21.1B
Account Payables	$2.2B
Short-Term Debt	$2.2B
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$7.2B
Long-Term Debt	$3.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$244M
Other Non-Current Liabilities	$315M
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$11.2B
Common Stock	$1.4B
Additional Paid-In Capital	$4.6B
Retained Earnings	$2.8B
Treasury Stock	-$62M
Accum. Other Comp. Income	$682M
Other Equity	-$102M
TOTAL STOCKHOLDERS' EQUITY	$9.3B
Minority Interest	$642M
TOTAL EQUITY	$10.0B
TOTAL LIABILITIES & EQUITY	$21.1B
Total Debt	$5.7B
Net Debt	$3.5B