2 Revenue in this section represents wafer sales
3 Utilization Rate = Quarterly Wafer Out / Quarterly Capacity
4 Estimated capacity numbers are based on calculated maximum output rather than designed capacity. The actual capacity numbers may differ depending upon equipment delivery schedules, pace of migration to more advanced process technologies, and other factors affecting production ramp-up.
- FINANCIAL TABLES TO FOLLOW -
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||||||
| Consolidated Condensed Balance Sheet | ||||||||||
| As of March 31, 2017 | ||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | ||||||||||
| March 31, 2017 | ||||||||||
| US$ | NT$ | % | ||||||||
| Assets | ||||||||||
| Current assets | ||||||||||
| Cash and cash equivalents | 2,006 | 60,812 | 16.0 | % | ||||||
| Financial assets at fair value through profit or loss, current | 29 | 867 | 0.2 | % | ||||||
| Notes & Accounts receivable, net | 689 | 20,878 | 5.5 | % | ||||||
| Inventories, net | 537 | 16,262 | 4.3 | % | ||||||
| Other current assets | 419 | 12,718 | 3.4 | % | ||||||
| Total current assets | 3,680 | 111,537 | 29.4 | % | ||||||
| Non-current assets | ||||||||||
| Funds and investments | 1,153 | 34,950 | 9.2 | % | ||||||
| Property, plant and equipment | 7,178 | 217,555 | 57.3 | % | ||||||
| Other non-current assets | 506 | 15,337 | 4.1 | % | ||||||
| Total non-current assets | 8,837 | 267,842 | 70.6 | % | ||||||
| Total assets | 12,517 | 379,379 | 100.0 | % | ||||||
| Liabilities | ||||||||||
| Current liabilities | ||||||||||
| Short-term loans | 622 | 18,842 | 5.0 | % | ||||||
| Payables | 875 | 26,525 | 7.0 | % | ||||||
| Current portion of long-term liabilities | 577 | 17,496 | 4.6 | % | ||||||
| Other current liabilities | 132 | 4,008 | 1.0 | % | ||||||
| Total current liabilities | 2,206 | 66,871 | 17.6 | % | ||||||
| Non-current liabilities | ||||||||||
| Bonds payable | 1,167 | 35,360 | 9.3 | % | ||||||
| Long-term loans | 889 | 26,952 | 7.1 | % | ||||||
| Other non-current liabilities | 1,106 | 33,515 | 8.9 | % | ||||||
| Total non-current liabilities | 3,162 | 95,827 | 25.3 | % | ||||||
| Total liabilities | 5,368 | 162,698 | 42.9 | % | ||||||
| Equity | ||||||||||
| Equity attributable to the parent company | ||||||||||
| Capital | 4,165 | 126,243 | 33.3 | % | ||||||
| Additional paid-in capital | 1,370 | 41,518 | 10.9 | % | ||||||
|
Retained earnings, unrealized gain or loss on available-for-sale
financial assets and exchange differences on translation of foreign operations |
1,739 | 52,692 | 13.9 | % | ||||||
| Treasury stock | (156 | ) | (4,719 | ) | (1.2 | %) | ||||
| Total equity attributable to the parent company | 7,118 | 215,734 | 56.9 | % | ||||||
| Non-controlling interests | 31 | 947 | 0.2 | % | ||||||
| Total equity | 7,149 | 216,681 | 57.1 | % | ||||||
| Total liabilities and equity | 12,517 | 379,379 | 100.0 | % | ||||||
| Note：New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2017 exchange rate of NT $30.31 per U.S. Dollar. | ||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||||||||||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | ||||||||||||||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | ||||||||||||||||||||||||||||||
| Except Per Share and Per ADS Data | ||||||||||||||||||||||||||||||
| Year over Year Comparison | Quarter over Quarter Comparison | |||||||||||||||||||||||||||||
| Three-Month Period Ended | Three-Month Period Ended | |||||||||||||||||||||||||||||
| March 31, 2017 | March 31, 2016 | Chg. | March 31, 2017 | December 31, 2016 | Chg. | |||||||||||||||||||||||||
| US$ | NT$ | US$ | NT$ | % | US$ | NT$ | US$ | NT$ | % | |||||||||||||||||||||
| Net operating revenues | 1,235 | 37,418 | 1,135 | 34,404 | 8.8 | % | 1,235 | 37,418 | 1,264 | 38,306 | (2.3 | %) | ||||||||||||||||||
| Operating costs | (990 | ) | (29,990 | ) | (969 | ) | (29,370 | ) | 2.1 | % | (990 | ) | (29,990 | ) | (975 | ) | (29,547 | ) | 1.5 | % | ||||||||||
| Gross profit | 245 | 7,428 | 166 | 5,034 | 47.6 | % | 245 | 7,428 | 289 | 8,759 | (15.2 | %) | ||||||||||||||||||
| 19.9 | % | 19.9 | % | 14.6 | % | 14.6 | % | 19.9 | % | 19.9 | % | 22.9 | % | 22.9 | % | |||||||||||||||
| Operating expenses | ||||||||||||||||||||||||||||||
| - Sales and marketing expenses | (38 | ) | (1,170 | ) | (33 | ) | (1,010 | ) | 15.8 | % | (38 | ) | (1,170 | ) | (43 | ) | (1,282 | ) | (8.7 | %) | ||||||||||
| - General and administrative expenses | (35 | ) | (1,050 | ) | (32 | ) | (970 | ) | 8.2 | % | (35 | ) | (1,050 | ) | (50 | ) | (1,521 | ) | (31.0 | %) | ||||||||||
| - Research and development expenses | (132 | ) | (3,991 | ) | (102 | ) | (3,085 | ) | 29.4 | % | (132 | ) | (3,991 | ) | (126 | ) | (3,824 | ) | 4.4 | % | ||||||||||
| Subtotal | (205 | ) | (6,211 | ) | (167 | ) | (5,065 | ) | 22.6 | % | (205 | ) | (6,211 | ) | (219 | ) | (6,627 | ) | (6.3 | %) | ||||||||||
| Net other operating income and expenses | 5 | 154 | 0 | 15 | 926.7 | % | 5 | 154 | 5 | 144 | 6.9 | % | ||||||||||||||||||
| Operating income (loss) | 45 | 1,371 | (1 | ) | (16 | ) | - | 45 | 1,371 | 75 | 2,276 | (39.8 | %) | |||||||||||||||||
| 3.7 | % | 3.7 | % | (0.1 | %) | (0.1 | %) | 3.7 | % | 3.7 | % | 5.9 | % | 5.9 | % | |||||||||||||||
| Net non-operating income and expenses | (10 | ) | (304 | ) | 2 | 46 | - | (10 | ) | (304 | ) | (40 | ) | (1,210 | ) | (74.9 | %) | |||||||||||||
|
Income from continuing operations before
income tax |
35 | 1,067 | 1 | 30 | 3,456.7 | % | 35 | 1,067 | 35 | 1,066 | 0.1 | % | ||||||||||||||||||
| 2.9 | % | 2.9 | % | 0.1 | % | 0.1 | % | 2.9 | % | 2.9 | % | 2.8 | % | 2.8 | % | |||||||||||||||
| Income tax benefit (expense) | 14 | 430 | 2 | 49 | 777.6 | % | 14 | 430 | (20 | ) | (617 | ) | - | |||||||||||||||||
| Net income | 49 | 1,497 | 3 | 79 | 1,794.9 | % | 49 | 1,497 | 15 | 449 | 233.4 | % | ||||||||||||||||||
| 4.0 | % | 4.0 | % | 0.2 | % | 0.2 | % | 4.0 | % | 4.0 | % | 1.2 | % | 1.2 | % | |||||||||||||||
| Other comprehensive income (loss) | (98 | ) | (2,997 | ) | (20 | ) | (583 | ) | 414.1 | % | (98 | ) | (2,997 | ) | (20 | ) | (591 | ) | 407.1 | % | ||||||||||
| Total comprehensive income (loss) | (49 | ) | (1,500 | ) | (17 | ) | (504 | ) | 197.6 | % | (49 | ) | (1,500 | ) | (5 | ) | (142 | ) | 956.3 | % | ||||||||||
| Net income attributable to: | ||||||||||||||||||||||||||||||
| Stockholders of the parent | 75 | 2,286 | 7 | 210 | 988.6 | % | 75 | 2,286 | 84 | 2,548 | (10.3 | %) | ||||||||||||||||||
| Non-controlling interests | (26 | ) | (789 | ) | (4 | ) | (131 | ) | 502.3 | % | (26 | ) | (789 | ) | (69 | ) | (2,099 | ) | (62.4 | %) | ||||||||||
| Comprehensive income (loss) attributable to: | ||||||||||||||||||||||||||||||
| Stockholders of the parent | (20 | ) | (599 | ) | (12 | ) | (356 | ) | 68.3 | % | (20 | ) | (599 | ) | 63 | 1,902 | - | |||||||||||||
| Non-controlling interests | (29 | ) | (901 | ) | (5 | ) | (148 | ) | 508.8 | % | (29 | ) | (901 | ) | (68 | ) | (2,044 | ) | (55.9 | %) | ||||||||||
| Earnings per share-basic | 0.006 | 0.19 | 0.001 | 0.02 | 0.006 | 0.19 | 0.007 | 0.21 | ||||||||||||||||||||||
| Earnings per ADS (2) | 0.031 | 0.95 | 0.003 | 0.10 | 0.031 | 0.95 | 0.035 | 1.05 | ||||||||||||||||||||||
| Weighted average number of shares | ||||||||||||||||||||||||||||||
| outstanding (in millions) | 12,208 | 12,408 | 12,208 | 12,208 | ||||||||||||||||||||||||||
| Notes: | ||||||||||||||||||||||||||||||
| (1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2017 exchange rate of NT $30.31 per U.S. Dollar. | ||||||||||||||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | ||||||||||||||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | |||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||||||||
| Except Per Share and Per ADS Data | |||||||||||||||||
| For the Three-Month Period Ended | For the Three-Month Period Ended | ||||||||||||||||
| March 31, 2017 | March 31, 2017 | ||||||||||||||||
| US$ | NT$ | % | US$ | NT$ | % | ||||||||||||
| Net operating revenues | 1,235 | 37,418 | 100.0 | % | 1,235 | 37,418 | 100.0 | % | |||||||||
| Operating costs | (990 | ) | (29,990 | ) | (80.1 | %) | (990 | ) | (29,990 | ) | (80.1 | %) | |||||
| Gross profit | 245 | 7,428 | 19.9 | % | 245 | 7,428 | 19.9 | % | |||||||||
| Operating expenses | |||||||||||||||||
| - Sales and marketing expenses | (38 | ) | (1,170 | ) | (3.1 | %) | (38 | ) | (1,170 | ) | (3.1 | %) | |||||
| - General and administrative expenses | (35 | ) | (1,050 | ) | (2.8 | %) | (35 | ) | (1,050 | ) | (2.8 | %) | |||||
| - Research and development expenses | (132 | ) | (3,991 | ) | (10.7 | %) | (132 | ) | (3,991 | ) | (10.7 | %) | |||||
| Subtotal | (205 | ) | (6,211 | ) | (16.6 | %) | (205 | ) | (6,211 | ) | (16.6 | %) | |||||
| Net other operating income and expenses | 5 | 154 | 0.4 | % | 5 | 154 | 0.4 | % | |||||||||
| Operating income | 45 | 1,371 | 3.7 | % | 45 | 1,371 | 3.7 | % | |||||||||
| Net non-operating income and expenses | (10 | ) | (304 | ) | (0.8 | %) | (10 | ) | (304 | ) | (0.8 | %) | |||||
|
Income from continuing operations before
income tax |
35 | 1,067 | 2.9 | % | 35 | 1,067 | 2.9 | % | |||||||||
| Income tax benefit | 14 | 430 | 1.1 | % | 14 | 430 | 1.1 | % | |||||||||
| Net income | 49 | 1,497 | 4.0 | % | 49 | 1,497 | 4.0 | % | |||||||||
| Other comprehensive income (loss) | (98 | ) | (2,997 | ) | (8.0 | %) | (98 | ) | (2,997 | ) | (8.0 | %) | |||||
| Total comprehensive income (loss) | (49 | ) | (1,500 | ) | (4.0 | %) | (49 | ) | (1,500 | ) | (4.0 | %) | |||||
| Net income attributable to: | |||||||||||||||||
| Stockholders of the parent | 75 | 2,286 | 6.1 | % | 75 | 2,286 | 6.1 | % | |||||||||
| Non-controlling interests | (26 | ) | (789 | ) | (2.1 | %) | (26 | ) | (789 | ) | (2.1 | %) | |||||
| Comprehensive income (loss) attributable to: | |||||||||||||||||
| Stockholders of the parent | (20 | ) | (599 | ) | (1.6 | %) | (20 | ) | (599 | ) | (1.6 | %) | |||||
| Non-controlling interests | (29 | ) | (901 | ) | (2.4 | %) | (29 | ) | (901 | ) | (2.4 | %) | |||||
| Earnings per share-basic | 0.006 | 0.19 | 0.006 | 0.19 | |||||||||||||
| Earnings per ADS (2) | 0.031 | 0.95 | 0.031 | 0.95 | |||||||||||||
|
Weighted average number of shares
outstanding (in millions) |
12,208 | 12,208 | |||||||||||||||
| Notes: | |||||||||||||||||
| (1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2017 exchange rate of NT $30.31 per U.S. Dollar. | |||||||||||||||||
| (2) 1 ADS equals 5 common shares. | |||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||
| Consolidated Condensed Statement of Cash Flows | ||||||
| For The Three-Month Period Ended March 31, 2017 | ||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | ||||||
| US$ | NT$ | |||||
| Cash flows from operating activities : | ||||||
| Net income before tax | 35 | 1,067 | ||||
| Depreciation & Amortization | 439 | 13,292 | ||||
| Changes in notes & accounts receivable | 63 | 1,895 | ||||
| Changes in other current assets | (38 | ) | (1,149 | ) | ||
| Changes in payables | (43 | ) | (1,296 | ) | ||
| Changes in assets, liabilities and others | (17 | ) | (498 | ) | ||
| Net cash provided by operating activities | 439 | 13,311 | ||||
| Cash flows from investing activities : | ||||||
| Acquisition of available-for-sale financial assets | (16 | ) | (481 | ) | ||
| Proceeds from disposal of available-for-sale financial assets | 23 | 701 | ||||
| Proceeds from disposal of investments accounted for under the equity method | 65 | 1,980 | ||||
| Acquisition of property, plant and equipment | (582 | ) | (17,654 | ) | ||
| Others | (28 | ) | (839 | ) | ||
| Net cash used in investing activities | (538 | ) | (16,293 | ) | ||
| Cash flows from financing activities : | ||||||
| Proceeds from bonds issued | 274 | 8,300 | ||||
| Proceeds from long-term loans | 74 | 2,258 | ||||
| Repayments of long-term loans | (29 | ) | (885 | ) | ||
| Acquisition of subsidiaries | (41 | ) | (1,228 | ) | ||
| Others | (19 | ) | (600 | ) | ||
| Net cash provided by financing activities | 259 | 7,845 | ||||
| Effect of exchange rate changes on cash and cash equivalents | (54 | ) | (1,630 | ) | ||
| Net Increase in cash and cash equivalents | 106 | 3,233 | ||||
| Cash and cash equivalents at beginning of period | 1,900 | 57,579 | ||||
| Cash and cash equivalents at end of period | 2,006 | 60,812 | ||||
| Note: New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2017 exchange rate of NT $30.31 per U.S. Dollar. | ||||||
