v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
TWD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
TWD ($)
Dec. 31, 2023
TWD ($)
Cash flows from operating activities:        
Net income before tax $ 48,081,667 $ 1,532,728 $ 57,044,820 $ 68,450,404
Adjustments to reconcile net income before tax to net cash provided by operating activities:        
Depreciation 56,427,377 1,798,769 45,472,102 37,757,556
Amortization 2,831,540 90,263 2,695,564 2,726,481
Expected credit impairment gains (2,408) (77) (69,519) (130,518)
Net loss (gain) of financial assets and liabilities at fair value through profit or loss (707,129) (22,542) 320,956 40,553
Interest expense 1,529,063 48,743 1,678,702 1,473,729
Interest income (2,278,551) (72,635) (3,670,218) (4,853,124)
Dividend income (2,412,092) (76,892) (1,202,714) (1,773,498)
Share-based payment 491,280 15,661 788,849 1,031,896
Share of profit of associates and joint ventures (657,163) (20,949) (1,238,628) (4,307,614)
Gain on disposal of property, plant and equipment (99,178) (3,161) (72,402) (268,293)
Gain on disposal of subsidiary 0 0 (352) 0
Loss (gain) on disposal of investments accounted for under the equity method (218,088) (6,952) 2,093 (163,395)
Exchange loss (gain) on financial assets and liabilities (991,422) (31,604) 1,331,907 85,353
Bargain purchase gain in acquisition of equity investee 0 0 0 (494,001)
Gain on lease modification (5,810) (185) (8,599) (113)
Amortization of deferred government grants (1,520,370) (48,466) (841,091) (2,663,843)
Income and expense adjustments 52,387,049 1,669,973 45,186,650 28,461,169
Changes in operating assets and liabilities:        
Financial assets and liabilities at fair value through profit or loss (64,981) (2,071) (543,068) 1,945,525
Contract assets (77,325) (2,465) 110,439 (381,105)
Accounts receivable 1,830,841 58,363 (3,269,237) 7,201,939
Other receivables (232,703) (7,418) 662,553 (526,223)
Inventories (1,825,652) (58,197) 365,305 (4,944,756)
Other current assets (400,467) (12,766) 192,256 939,912
Contract fulfillment costs (600,892) (19,155) 303,311 (164,316)
Contract liabilities 1,751,842 55,844 (599,528) (267,858)
Accounts payable 1,612,124 51,390 14,590 (1,341,114)
Other payables 70,370 2,243 (1,173,347) (5,683,081)
Other current liabilities 469,989 14,982 1,056,250 1,470,483
Net defined benefit liabilities (420,927) (13,418) (584,384) (262,084)
Other noncurrent liabilities (3,086) (98) (4,947) (89,593)
Cash generated from operations 102,577,849 3,269,935 98,761,663 94,809,302
Interest received 2,276,904 72,582 4,151,879 4,579,972
Dividend received 2,387,240 76,100 2,274,607 3,649,805
Interest paid (1,017,112) (32,423) (1,339,730) (1,027,500)
Income tax paid (6,360,694) (202,764) (9,976,377) (16,011,870)
Net cash provided by operating activities 99,864,187 3,183,430 93,872,042 85,999,709
Cash flows from investing activities:        
Acquisition of financial assets at fair value through profit or loss (625,538) (19,941) (1,894,858) (1,182,248)
Proceeds from disposal of financial assets at fair value through profit or loss 633,226 20,186 989,051 525,237
Proceeds from capital reduction of financial assets at fair value through other comprehensive income 160,659 5,121 0 0
Acquisition of financial assets at fair value through other comprehensive income (150,000) (4,782) (64,694) 0
Acquisition of financial assets measured at amortized cost (14,975,561) (477,385) (4,167,692) (6,296,321)
Proceeds from redemption of financial assets measured at amortized cost 6,712,587 213,981 6,702,256 678,907
Acquisition of investments accounted for under the equity method 0 0 (533,973) 0
Proceeds from disposal of investments accounted for under the equity method 0 0 0 293,266
Proceeds from capital reduction of investments accounted for under the equity method 574,997 18,330 1,601,874 1,303,106
Increase in prepayment for investments 0 0 (7,135) 0
Acquisition of subsidiary (net of cash acquired) (19,441) (620) 0 0
Disposal of subsidiary 0 0 (196,009) 0
Acquisition of property, plant and equipment (47,744,896) (1,521,992) (88,543,595) (91,473,668)
Proceeds from disposal of property, plant and equipment 128,837 4,107 120,939 323,385
Increase in refundable deposits (243,393) (7,759) (769,153) (44,100)
Decrease in refundable deposits 317,322 10,116 1,519,269 83,856
Acquisition of intangible assets (2,988,751) (95,274) (2,799,420) (2,546,516)
Government grants related to assets acquisition 5,097,841 162,507 2,131,264 591,086
Increase in other noncurrent assets (32,357) (1,031) (29,227) (42,532)
Decrease in other noncurrent assets 36 1 0 0
Net cash used in investing activities (53,154,432) (1,694,435) (85,941,103) (97,786,542)
Cash flows from financing activities:        
Increase in short-term loans 18,823,523 600,048 30,683,900 29,120,960
Decrease in short-term loans (18,930,054) (603,445) (35,698,900) (15,590,960)
Cash payments for the principal portion of the lease liability (849,810) (27,090) (731,138) (666,439)
Proceeds from bonds issued 20,000,000 637,552 0 10,000,000
Bonds issuance costs (15,880) (506) (465) (10,755)
Redemption of bonds 0 0 (8,500,000) 0
Proceeds from long-term loans 25,141,820 801,461 36,286,030 15,416,130
Repayments of long-term loans (46,831,206) (1,492,866) (23,107,596) (11,558,426)
Increase in guarantee deposits 2,827,304 90,127 68,041 11,651,109
Decrease in guarantee deposits (3,607,656) (115,003) (640,362) (1,227,764)
Decrease in other financial liabilities 0 0 0 (21,209,443)
Cash dividends (35,784,383) (1,140,720) (37,585,606) (45,014,783)
Change in non-controlling interests 22,483 717 26,349 4,187
Net cash used in financing activities (39,203,859) (1,249,725) (39,199,747) (29,086,184)
Effect of exchange rate changes on cash and cash equivalents (1,846,070) (58,848) 3,715,419 (392,145)
Net increase (decrease) in cash and cash equivalents 5,659,826 180,422 (27,553,389) (41,265,162)
Cash and cash equivalents at beginning of year 105,000,226 3,347,154 132,553,615 173,818,777
Cash and cash equivalents at end of year $ 110,660,052 $ 3,527,576 $ 105,000,226 $ 132,553,615