Taiwan Cement Corp
TWSE:1101
Income Statement
Earnings Waterfall
Taiwan Cement Corp
Revenue
|
109.3B
TWD
|
Cost of Revenue
|
-88.8B
TWD
|
Gross Profit
|
20.5B
TWD
|
Operating Expenses
|
-10.5B
TWD
|
Operating Income
|
10B
TWD
|
Other Expenses
|
-2.4B
TWD
|
Net Income
|
7.6B
TWD
|
Income Statement
Taiwan Cement Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
116 099
N/A
|
118 701
+2%
|
121 904
+3%
|
121 892
0%
|
118 326
-3%
|
113 049
-4%
|
106 170
-6%
|
98 759
-7%
|
93 679
-5%
|
89 963
-4%
|
87 911
-2%
|
87 577
0%
|
89 564
+2%
|
93 020
+4%
|
94 792
+2%
|
95 500
+1%
|
98 312
+3%
|
101 311
+3%
|
109 918
+8%
|
119 017
+8%
|
124 595
+5%
|
125 772
+1%
|
123 818
-2%
|
122 499
-1%
|
122 783
+0%
|
117 227
-5%
|
114 860
-2%
|
111 655
-3%
|
105 911
-5%
|
108 148
+2%
|
107 134
-1%
|
106 382
-1%
|
107 041
+1%
|
107 977
+1%
|
105 169
-3%
|
109 411
+4%
|
113 930
+4%
|
117 252
+3%
|
119 743
+2%
|
115 622
-3%
|
109 314
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(93 275)
|
(94 137)
|
(95 821)
|
(96 190)
|
(93 453)
|
(90 180)
|
(86 525)
|
(82 482)
|
(79 151)
|
(76 711)
|
(73 515)
|
(71 528)
|
(71 583)
|
(73 626)
|
(75 191)
|
(76 601)
|
(79 399)
|
(79 607)
|
(83 213)
|
(87 964)
|
(91 003)
|
(91 483)
|
(90 474)
|
(88 042)
|
(86 873)
|
(81 796)
|
(77 789)
|
(73 922)
|
(68 508)
|
(71 229)
|
(72 569)
|
(77 022)
|
(80 391)
|
(84 856)
|
(90 546)
|
(97 401)
|
(103 795)
|
(106 927)
|
(103 543)
|
(96 210)
|
(88 781)
|
|
Gross Profit |
22 823
N/A
|
24 563
+8%
|
26 082
+6%
|
25 702
-1%
|
24 873
-3%
|
22 869
-8%
|
19 645
-14%
|
16 277
-17%
|
14 528
-11%
|
13 253
-9%
|
14 397
+9%
|
16 050
+11%
|
17 981
+12%
|
19 394
+8%
|
19 601
+1%
|
18 899
-4%
|
18 913
+0%
|
21 705
+15%
|
26 706
+23%
|
31 054
+16%
|
33 592
+8%
|
34 289
+2%
|
33 343
-3%
|
34 458
+3%
|
35 910
+4%
|
35 431
-1%
|
37 071
+5%
|
37 733
+2%
|
37 403
-1%
|
36 919
-1%
|
34 565
-6%
|
29 360
-15%
|
26 650
-9%
|
23 122
-13%
|
14 623
-37%
|
12 010
-18%
|
10 135
-16%
|
10 325
+2%
|
16 200
+57%
|
19 412
+20%
|
20 534
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5 047)
|
(5 130)
|
(5 146)
|
(5 286)
|
(5 015)
|
(5 003)
|
(4 800)
|
(4 979)
|
(4 854)
|
(4 788)
|
(5 078)
|
(4 948)
|
(4 947)
|
(6 029)
|
(5 946)
|
(5 778)
|
(4 950)
|
(5 393)
|
(5 476)
|
(5 363)
|
(5 411)
|
(5 757)
|
(6 046)
|
(6 390)
|
(5 754)
|
(6 300)
|
(6 186)
|
(5 948)
|
(5 766)
|
(5 857)
|
(5 957)
|
(5 913)
|
(6 864)
|
(7 342)
|
(7 895)
|
(8 511)
|
(8 973)
|
(9 295)
|
(9 793)
|
(10 480)
|
(10 504)
|
|
Selling, General & Administrative |
(5 003)
|
(5 087)
|
(5 259)
|
(5 245)
|
(4 976)
|
(4 967)
|
(4 768)
|
(4 948)
|
(4 847)
|
(4 782)
|
(5 073)
|
(4 947)
|
(4 926)
|
(4 879)
|
(4 792)
|
(4 623)
|
(4 918)
|
(5 001)
|
(5 084)
|
(5 330)
|
(5 387)
|
(5 700)
|
(5 987)
|
(6 329)
|
(5 713)
|
(5 496)
|
(5 391)
|
(5 163)
|
(5 766)
|
(5 857)
|
(5 957)
|
(5 855)
|
(6 506)
|
(6 840)
|
(7 260)
|
(7 751)
|
(7 592)
|
(8 418)
|
(8 684)
|
(9 259)
|
(9 004)
|
|
Research & Development |
(43)
|
(42)
|
(40)
|
(40)
|
(39)
|
(34)
|
(30)
|
(30)
|
(7)
|
(21)
|
(21)
|
(17)
|
(21)
|
(24)
|
(27)
|
(29)
|
(32)
|
(32)
|
(32)
|
(24)
|
(24)
|
(19)
|
(21)
|
(31)
|
(41)
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(58)
|
(358)
|
(495)
|
(628)
|
(753)
|
(1 300)
|
(787)
|
(1 001)
|
(1 185)
|
(1 436)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(81)
|
0
|
(19)
|
(37)
|
(64)
|
|
Other Operating Expenses |
0
|
0
|
153
|
0
|
0
|
0
|
0
|
0
|
0
|
15
|
16
|
16
|
0
|
(1 126)
|
(1 127)
|
(1 126)
|
0
|
(360)
|
(360)
|
(8)
|
0
|
(38)
|
(38)
|
(30)
|
0
|
(805)
|
(795)
|
(775)
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(7)
|
(7)
|
0
|
(90)
|
(90)
|
0
|
0
|
|
Operating Income |
17 777
N/A
|
19 434
+9%
|
20 937
+8%
|
20 416
-2%
|
19 858
-3%
|
17 867
-10%
|
14 847
-17%
|
11 299
-24%
|
9 674
-14%
|
8 464
-13%
|
9 317
+10%
|
11 102
+19%
|
13 034
+17%
|
13 366
+3%
|
13 656
+2%
|
13 121
-4%
|
13 963
+6%
|
16 312
+17%
|
21 230
+30%
|
25 692
+21%
|
28 181
+10%
|
28 532
+1%
|
27 298
-4%
|
28 068
+3%
|
30 157
+7%
|
29 131
-3%
|
30 885
+6%
|
31 785
+3%
|
31 637
0%
|
31 063
-2%
|
28 608
-8%
|
23 447
-18%
|
19 786
-16%
|
15 780
-20%
|
6 728
-57%
|
3 500
-48%
|
1 162
-67%
|
1 031
-11%
|
6 407
+522%
|
8 931
+39%
|
10 030
+12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
40
|
(453)
|
(341)
|
(185)
|
485
|
677
|
959
|
(405)
|
(1 155)
|
(1 247)
|
(2 163)
|
(1 002)
|
(479)
|
(835)
|
(311)
|
(234)
|
46
|
241
|
856
|
1 186
|
1 762
|
2 022
|
2 778
|
2 825
|
2 559
|
2 461
|
2 669
|
3 408
|
4 279
|
4 805
|
5 256
|
4 644
|
5 694
|
6 105
|
5 916
|
6 494
|
5 840
|
6 113
|
6 254
|
5 647
|
5 404
|
|
Non-Reccuring Items |
0
|
0
|
0
|
154
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 127)
|
0
|
0
|
0
|
(361)
|
0
|
0
|
(361)
|
(31)
|
0
|
0
|
0
|
(775)
|
0
|
0
|
0
|
(50)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(90)
|
0
|
0
|
(875)
|
(1 267)
|
|
Gain/Loss on Disposition of Assets |
574
|
666
|
0
|
659
|
521
|
27
|
28
|
30
|
3
|
0
|
31
|
31
|
0
|
0
|
(29)
|
(30)
|
(197)
|
0
|
0
|
(70)
|
(78)
|
177
|
209
|
63
|
(163)
|
(256)
|
(322)
|
(327)
|
(100)
|
(59)
|
410
|
389
|
328
|
371
|
(122)
|
(94)
|
(20)
|
(72)
|
(35)
|
(59)
|
(112)
|
|
Total Other Income |
214
|
168
|
895
|
26
|
334
|
546
|
240
|
226
|
144
|
255
|
516
|
423
|
88
|
381
|
208
|
115
|
373
|
214
|
425
|
928
|
710
|
800
|
758
|
672
|
855
|
760
|
588
|
705
|
53
|
(201)
|
74
|
(113)
|
277
|
139
|
(360)
|
(326)
|
(246)
|
(117)
|
546
|
701
|
301
|
|
Pre-Tax Income |
18 604
N/A
|
19 814
+7%
|
21 491
+8%
|
21 069
-2%
|
21 199
+1%
|
19 117
-10%
|
16 074
-16%
|
11 149
-31%
|
8 666
-22%
|
7 474
-14%
|
7 699
+3%
|
10 553
+37%
|
11 515
+9%
|
12 912
+12%
|
13 523
+5%
|
12 970
-4%
|
13 825
+7%
|
16 767
+21%
|
22 511
+34%
|
27 374
+22%
|
30 544
+12%
|
31 531
+3%
|
31 043
-2%
|
31 628
+2%
|
32 633
+3%
|
32 096
-2%
|
33 820
+5%
|
35 572
+5%
|
35 819
+1%
|
35 608
-1%
|
34 348
-4%
|
28 367
-17%
|
26 078
-8%
|
22 395
-14%
|
12 162
-46%
|
9 573
-21%
|
6 646
-31%
|
6 955
+5%
|
13 171
+89%
|
14 345
+9%
|
14 357
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(3 486)
|
(3 905)
|
(4 556)
|
(4 544)
|
(4 615)
|
(4 351)
|
(3 408)
|
(2 428)
|
(1 740)
|
(1 428)
|
(1 672)
|
(2 232)
|
(2 673)
|
(3 002)
|
(3 251)
|
(3 294)
|
(3 502)
|
(4 742)
|
(5 846)
|
(6 938)
|
(7 900)
|
(7 522)
|
(7 114)
|
(7 114)
|
(7 178)
|
(7 047)
|
(7 503)
|
(7 721)
|
(7 344)
|
(7 216)
|
(7 111)
|
(6 006)
|
(5 930)
|
(5 132)
|
(3 584)
|
(3 058)
|
(2 489)
|
(2 649)
|
(3 718)
|
(4 238)
|
(4 352)
|
|
Income from Continuing Operations |
15 119
|
15 910
|
16 937
|
16 526
|
16 584
|
14 767
|
12 666
|
8 721
|
6 926
|
6 046
|
6 027
|
8 321
|
8 842
|
9 911
|
10 273
|
9 677
|
10 323
|
12 024
|
16 664
|
20 436
|
22 644
|
24 009
|
23 929
|
24 514
|
25 455
|
25 049
|
26 317
|
27 851
|
28 475
|
28 392
|
27 237
|
22 361
|
20 148
|
17 263
|
8 578
|
6 516
|
4 157
|
4 306
|
9 454
|
10 107
|
10 005
|
|
Income to Minority Interest |
(5 092)
|
(5 463)
|
(5 881)
|
(5 850)
|
(5 755)
|
(4 963)
|
(3 815)
|
(2 137)
|
(1 150)
|
(858)
|
(1 078)
|
(1 999)
|
(2 484)
|
(2 941)
|
(3 157)
|
(2 915)
|
(2 729)
|
(2 317)
|
(2 042)
|
(1 847)
|
(1 463)
|
(1 821)
|
(1 575)
|
(1 558)
|
(1 244)
|
(1 447)
|
(1 756)
|
(2 357)
|
(2 892)
|
(2 822)
|
(2 852)
|
(1 997)
|
(945)
|
(186)
|
1 699
|
1 822
|
1 248
|
1 302
|
(508)
|
(1 424)
|
(2 007)
|
|
Net Income (Common) |
10 027
N/A
|
10 447
+4%
|
11 056
+6%
|
10 678
-3%
|
10 829
+1%
|
9 805
-9%
|
8 852
-10%
|
6 585
-26%
|
5 776
-12%
|
5 188
-10%
|
4 949
-5%
|
6 321
+28%
|
6 358
+1%
|
6 969
+10%
|
7 115
+2%
|
6 761
-5%
|
7 594
+12%
|
9 707
+28%
|
14 621
+51%
|
18 588
+27%
|
21 181
+14%
|
22 187
+5%
|
22 353
+1%
|
22 957
+3%
|
24 211
+5%
|
23 259
-4%
|
23 964
+3%
|
24 899
+4%
|
25 099
+1%
|
25 418
+1%
|
25 017
-2%
|
21 529
-14%
|
20 256
-6%
|
18 142
-10%
|
10 462
-42%
|
7 988
-24%
|
5 055
-37%
|
5 258
+4%
|
8 596
+63%
|
8 333
-3%
|
7 648
-8%
|
|
EPS (Diluted) |
2.3
N/A
|
2.4
+4%
|
2.54
+6%
|
2.45
-4%
|
2.49
+2%
|
2.25
-10%
|
2.04
-9%
|
1.52
-25%
|
1.27
-16%
|
1.2
-6%
|
1.14
-5%
|
1.45
+27%
|
1.27
-12%
|
1.6
+26%
|
1.63
+2%
|
1.55
-5%
|
1.49
-4%
|
1.94
+30%
|
2.92
+51%
|
3.5
+20%
|
3.53
+1%
|
4
+13%
|
3.67
-8%
|
3.76
+2%
|
3.64
-3%
|
3.82
+5%
|
3.94
+3%
|
4.07
+3%
|
3.72
-9%
|
4.15
+12%
|
3.71
-11%
|
3.19
-14%
|
3.01
-6%
|
2.64
-12%
|
1.55
-41%
|
1.11
-28%
|
0.7
-37%
|
0.71
+1%
|
1.13
+59%
|
1.12
-1%
|
0.99
-12%
|