(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding)
4Q 2008 3Q 2008
USD NTD % NTD %
Net Sales $1,962 $64,562 100.0 $92,979 100.0
Cost of Sales (1,348) (44,367) (68.7) (49,885) (53.7)
Gross Profit 614 20,195 31.3 43,094 46.3
Operating Expenses
Research and Development
Expenses (147) (4,826) (7.5) (5,981) (6.4)
General and Administrative
Expenses (70) (2,285) (3.5) (2,979) (3.2)
Sales and Marketing Expenses (32) (1,062) (1.7) (1,217) (1.3)
Total Operating Expenses (249) (8,173) (12.7) (10,177) (10.9)
Income from Operations 365 12,022 18.6 32,917 35.4
Non-Operating Income, Net 43 1,412 2.2 1,328 1.4
Investment Gains (Loss) (10) (340) (0.5) 185 0.2
Income before Income Tax 398 13,094 20.3 34,430 37.0
Income Tax Expenses (14) (452) (0.7) (3,658) (3.9)
Net Income 384 12,642 19.6 30,772 33.1
Minority Interests (6) (196) (0.3) (198) (0.2)
Net Income Attributable to
Shareholders of
the Parent 378 12,446 19.3 30,574 32.9
Earnings per Share -- Diluted $0.01 $0.48 -- $1.18 --
Earnings per ADR -- Diluted (2) $0.07 $2.43 -- $5.91 --
Weighted Average Outstanding
Shares -- Diluted ('M) (3) -- 25,655 -- 25,850 --
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Unaudited Consolidated Condensed Income Statements
For the Three Months Ended December 31, 2008, September 30, 2008,
December 31, 2007
(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding) (Continued)
4Q 2007 QoQ YoY
NTD % Amount % Amount %
Net Sales $93,860 100.0 ($28,417) (30.6) ($29,298) (31.2)
Cost of Sales (49,024) (52.2) 5,518 (11.1) 4,657 (9.5)
Gross Profit 44,836 47.8 (22,899) (53.1) (24,641) (55.0)
Operating Expenses
Research and
Development
Expenses (5,012) (5.3) 1,155 (19.3) 186 (3.7)
General and
Administrative
Expenses (2,039) (2.2) 694 (23.3) (246) 12.1
Sales and Marketing
Expenses (1,027) (1.1) 155 (12.7) (35) 3.4
Total Operating
Expenses (8,078) (8.6) 2,004 (19.7) (95) 1.2
Income from
Operations 36,758 39.2 (20,895) (63.5) (24,736) (67.3)
Non-Operating Income,
Net 1,697 1.8 84 6.4 (285) (16.8)
Investment Gains
(Loss) 877 0.9 (525) (283.6) (1,217) (138.8)
Income before Income
Tax 39,332 41.9 (21,336) (62.0) (26,238) (66.7)
Income Tax Expenses (4,608) (4.9) 3,206 (87.6) 4,156 (90.2)
Net Income 34,724 37.0 (18,130) (58.9) (22,082) (63.6)
Minority Interests (239) (0.3) 2 (1.1) 43 (18.0)
Net Income
Attributable to
Shareholders of
the Parent 34,485 36.7 (18,128) (59.3) (22,039) (63.9)
Earnings per Share
-- Diluted $1.29 -- ($0.70) (59.0) ($0.81) (62.3)
Earnings per ADR
-- Diluted (2) $6.44 -- ($3.48) (59.0) ($4.01) (62.3)
Weighted Average
Outstanding Shares
-- Diluted ('M) (3) 26,773 -- -- -- -- --
Note:
(1) Amounts in New Taiwan dollars have been translated into U.S.
dollars at the weighted average rate of NTD 32.912 for the fourth
quarter of 2008.
(2) 1 ADR equals 5 ordinary shares.
(3) Total diluted weighted average outstanding shares was and 26,773M
shares for 4Q07 after the retroactive adjustments for stock dividends
and stock bonus.
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Audited Consolidated Condensed Income Statements
For the Year Ended December 31, 2008 and 2007 
