UMC Reports First Quarter 2015 Results

Foundry revenue grew to NT$36.00 billion and New Business segment recorded NT$1.67 billion, resulting in a consolidated revenue of NT$37.65 billion. Depreciation increased 7.3% QoQ to NT$9.12 billion, primarily from new 28nm tools deployed for capacity expansion. Other manufacturing costs were up 4.5% QoQ to NT$19.38 billion, mainly from higher wafer shipments in 1Q15. Operating expenses declined 13.4% sequentially to NT$4.91 billion, mostly from the decrease in R&D expenses as costs related to 28nm programs in production were transferred to COGS. Net operating income was NT$4.10 billion.

Non-Operating Income and Expenses

(Amount: NT$ million)

1Q15

4Q14

1Q14

Non-Operating Income and Expenses

255

843

351

Net Interest Income and Expenses

(27)

(12)

(23)

Net Investment Gain and Loss

126

(37)

(110)

Gain and Loss on Disposal of Investment

190

639

367

Exchange Gain and Loss

(77)

201

22

Other Gain and Loss

43

52

95

Net non-operating income in 1Q15 was NT$255 million. Gain on disposal of investments was NT$190 million, while the volatility in currency markets led to an exchange loss of NT$77 million.

Cash Flow Summary

(Amount: NT$ million)

For the 3-Month
Period Ended
Mar. 31, 2015

For the 3-Month
Period Ended

Dec. 31, 2014

Cash Flow from Operating Activities

16,870

18,836

    Net income before tax

4,354

5,375

    Depreciation & Amortization

10,748

10,663

Gain on disposal of investments

(190)

(639)

Impairment loss on non-financial assets

226

-

    Exchange loss (gain) on financial assets and liabilities

(13)

255

    Changes in working capital

2,315

2,941

Income tax paid

(366)

(60)

   Other

(204)

301

Cash Flow from Investing Activities

(16,498)

(16,790)

   Capital expenditures

(14,893)

(16,208)

   Acquisition of available-for-sale financial assets

(1,897)

(1,774)

Proceeds from disposal of available-for-sale financial assets

209

1,112

    Acquisition of subsidiaries (net of cash acquired)

415

-

   Proceeds from disposal of non-current assets held for sale

   Acquisition of intangible assets

   Changes in other assets-others

642

(344)

(517)

-

(282)

51

   Other

(113)

311

Cash Flow from Financing Activities

8,155

429

    Bank loans

1,716

4,107

Redemption of bonds

-

(3,831)

Increase in other financial liabilities

6,108

-

    Other

331

153

Effect of Exchange Rate

(776)

993

Net Cash Flow

7,751

3,468

Disposal Group included in Non-Current Assets Held for Sale

(331)

(511)

Total Cash Flow

7,420

2,957


« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, California
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Director, Business Development for Kongsberg Geospatial at Ottawa, Canada
Director, Business Development for Kongsberg Geospatial at remote from home, Any State in the USA
Upcoming Events
IPC Technical Education - PCB Layout - Place and Route at Del Mar Fairgrounds 2260 Jimmy Durante Blvd. Del Mar CA - May 2, 2018
IPC Technical Education at Wisconsin Center 400 W Wisconsin Ave. Milwaukee WI - May 8, 2018
IPC High Reliability Forum at Embassy Suites: Baltimore-At BWI Airport 1300 Concourse Drive Linthicum MD - May 15 - 17, 2018
DownStream: Solutions for Post Processing PCB Designs
TrueCircuits: IoTPLL
DAC2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise