UMC Q2 2017 Earnings Report — United Microelectronics Corporation Revenue & Financial Results | Market Cap Arena

United Microelectronics CorporationUMC

Q2 2017 Earnings

Reported August 2, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$1.2B	—	—	—	—
Op. Income	$53M	—	—	—	—
Gross Margin	18.0%	—	—	—	—
Net Margin	5.6%	—	—	—	—
EPS (Diluted)	$0.03	—	—	—	—
Free Cash Flow	$196M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$975M
GROSS PROFIT	$213M
R&D Expenses	$103M
Selling & Marketing	$33M
General & Administrative	$33M
SG&A Expenses	$66M
Other Expenses	-$9M
Operating Expenses	$160M
Cost & Expenses	$1.1B
OPERATING INCOME	$53M
Interest Income	$2M
Interest Expense	$18M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$67M
Income Tax Expense	$20M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$69M
D&A	$412M
EBIT	$83M
EBITDA	$464M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$975M
GROSS PROFIT	$213M
R&D Expenses	$103M
Selling & Marketing	$33M
General & Administrative	$33M
SG&A Expenses	$66M
Other Expenses	-$9M
Operating Expenses	$160M
Cost & Expenses	$1.1B
OPERATING INCOME	$53M
Interest Income	$2M
Interest Expense	$18M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$67M
Income Tax Expense	$20M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$69M
D&A	$412M
EBIT	$83M
EBITDA	$464M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$67M
Depreciation & Amortization	$415M
Stock-Based Compensation	$570
Deferred Income Tax	$0
Other Non-Cash Items	-$46M
Change in Working Capital	$33M
OPERATING CASH FLOW	$469M
Capital Expenditure	-$273M
Acquisitions (Net)	-$69M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$81M
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$257M
Net Debt Issuance	$18M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	$22M
FREE CASH FLOW	$196M
Net Change in Cash	$232M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$25M
Net Receivables	$731M
Inventory	$516M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$6.8B
Goodwill	$481.0K
Intangible Assets	$121M
Long-Term Investments	$1.1B
Tax Assets	$195M
Other Non-Current Assets	$199M
TOTAL NON-CURRENT ASSETS	$8.4B
TOTAL ASSETS	$12.2B
Account Payables	$210M
Short-Term Debt	$1.5B
Deferred Revenue	$872M
Other Current Liabilities	$168M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$1.6B
Deferred Revenue NC	$20M
Deferred Tax Liabilities	$55M
Other Non-Current Liabilities	$992M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$5.5B
Common Stock	$4.0B
Additional Paid-In Capital	$1.3B
Retained Earnings	$1.4B
Treasury Stock	-$149M
Accum. Other Comp. Income	$155M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.7B
Minority Interest	$29M
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$12.2B
Total Debt	$2.3B
Net Debt	$164M