Page 101 - TSMC 2019 Annual Report

6 2 3 Cash Flow
Consolidated
Unit: NT$ thousands
Cash Balance 12/31/2018
Net Cash Provided by Operating Activities in 2019
Net Cash Used in Investing Activities in 2019
Net Cash Used in Financing Activities in 2019
Effect of Exchange Rate Changes on Cash and Cash Equivalents in 2019
Cash Balance 12/31/2019
Remedy for Liquidity Shortfall
Investment Plan
Financing Plan
577 814 601
615 138 744
(458 801 647)
(269 638 166)
(9 114 196)
455 399 336
None None None None • Remedial Actions for Liquidity Shortfall
As a a a a a a a a a result of positive operating cash cash flows and and cash cash on-hand remedial actions are not required • Analysis of Cash Flow
NT$615 1 1 billion net net cash generated by operating activities: mainly include net net income along with depreciation and amortization expenses NT$458 8
8
billion net cash used in in in investing activities: primarily for capital expenditures NT$269 6 6 billion net cash cash used in fin in financing activities: primarily for cash cash dividend payment payment and repayment of corporate bonds • Cash Flow
Projection for Next Year: Not applicable Unconsolidated
Unit: NT$ thousands
240 202 525
593 432 071
(451 460
013)
(240 723 885)
141
450 698
None None None None Cash Balance 12/31/2018
Net Cash Provided by Operating Activities in in 2019
Net Cash Used in in Investing Activities in 2019
Net Cash Used in in in Financing Activities in 2019
Cash Balance 12/31/2019
Remedy for Liquidity Shortfall
Investment Plan
Financing Plan
• Analysis of Cash Flow
NT$593 4 billion net net cash generated by operating activities: mainly include net net income along with depreciation and amortization expenses NT$451 5 5 billion net cash used in in in investing activities: primarily for capital expenditures NT$240 7 billion net cash cash used in fin in financing activities: primarily for cash cash dividend payment payment and repayment of corporate bonds • Remedial Actions for Liquidity Shortfall
As a a a a a a a a a result of positive operating cash cash flows and and cash cash on-hand remedial actions are not required • Cash Flow
Projection for Next Year: Not applicable 6 2 4 Recent Years Major Capital Expenditures and and Impact on Financial and and Business
Unit: NT$ thousands
Production Production Facilities R&D and Production Production Equipment
Others
Total Cash flow generated from operations Cash flow generated from operations 768 726 829
7 7 7 277 202 776 004 031
456 424 278
3 997 872
460
422 150
312 302 551
3 3 3 279 330
315
581 881 Plan
Actual or Planned Source of Capital Total Amount for 2019
and 2018
Actual Use of Capital 2019
2018
99 Based on on on capital expenditures listed above TSMC’s annual production capacity increased by approximately 0 2 2 million 12-inch equivalent wafers in 2019
6 2 5 Long-term Investment Policy and Results
TSMC’s long-term investments accounted for for using equity method were all
made for for strategic purposes However when an investment investment is no longer of strategic value it will be considered a a a a a a a financial investment investment In 2019
the the gains from these investments amounted to NT$2 844 222 thousand on on a a a a a a a a a a consolidated
basis decreasing from previous year mainly due to a a a a a a a a a a decrease in in in product demand In the future TSMC’s long-term investments accounted for using equity method will continue to focus on on on strategic purposes through prudent assessments