UMC FY 2018 Earnings Report — United Microelectronics Corporation Revenue & Financial Results | Market Cap Arena

United Microelectronics CorporationUMC

FY 2018 Earnings

Reported April 25, 2019

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	$4.8B	—	$4.7B	—	1.3%
Op. Income	$180M	—	$208M	—	-13.5%
Gross Margin	15.1%	—	18.1%	—	-3.0pp
Net Margin	5.1%	—	6.4%	—	-1.4pp
EPS (Diluted)	$0.10	—	$0.12	—	-18.9%
Free Cash Flow	$966M	—	$220M	—	338.7%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$4.1B
GROSS PROFIT	$723M
R&D Expenses	$412M
Selling & Marketing	$124M
General & Administrative	$153M
SG&A Expenses	$276M
Other Expenses	-$145M
Operating Expenses	$543M
Cost & Expenses	$4.6B
OPERATING INCOME	$180M
Interest Income	$22M
Interest Expense	$88M
Other Income/Expenses	-$113M
INCOME BEFORE TAX	$67M
Income Tax Expense	-$36M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$243M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$243M
D&A	$1.6B
EBIT	$181M
EBITDA	$1.8B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$4.1B
GROSS PROFIT	$723M
R&D Expenses	$412M
Selling & Marketing	$124M
General & Administrative	$153M
SG&A Expenses	$276M
Other Expenses	-$145M
Operating Expenses	$543M
Cost & Expenses	$4.6B
OPERATING INCOME	$180M
Interest Income	$22M
Interest Expense	$88M
Other Income/Expenses	-$113M
INCOME BEFORE TAX	$67M
Income Tax Expense	-$36M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$243M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$243M
D&A	$1.6B
EBIT	$181M
EBITDA	$1.8B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$69M
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$22M
Deferred Income Tax	$32M
Other Non-Cash Items	-$60M
Change in Working Capital	-$98M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$647M
Acquisitions (Net)	-$27M
Purchases of Investments	-$19M
Sales/Maturities of Investments	$2M
Other Investing Activities	$200M
NET CASH FROM INVESTING	-$491M
Net Debt Issuance	-$686M
Common Stock Repurchased	-$195M
Common Dividends Paid	-$271M
Other Financing Activities	$22M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$966M
Net Change in Cash	$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$17M
Net Receivables	$782M
Inventory	$576M
Other Current Assets	$91M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$5.5B
Goodwill	$475.4K
Intangible Assets	$94M
Long-Term Investments	$985M
Tax Assets	$202M
Other Non-Current Assets	$299M
TOTAL NON-CURRENT ASSETS	$7.1B
TOTAL ASSETS	$11.5B
Account Payables	$215M
Short-Term Debt	$415M
Deferred Revenue	$30M
Other Current Liabilities	$855M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$2.1B
Deferred Revenue NC	$132M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$5.0B
Common Stock	$3.9B
Additional Paid-In Capital	$1.3B
Retained Earnings	$2.0B
Treasury Stock	-$438M
Accum. Other Comp. Income	-$460M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.5B
Minority Interest	$15M
TOTAL EQUITY	$6.5B
TOTAL LIABILITIES & EQUITY	$11.5B
Total Debt	$2.5B
Net Debt	-$110M