Universal Cement Corp
TWSE:1104
Income Statement
Earnings Waterfall
Universal Cement Corp
Revenue
|
7.8B
TWD
|
Cost of Revenue
|
-6.3B
TWD
|
Gross Profit
|
1.5B
TWD
|
Operating Expenses
|
-567.7m
TWD
|
Operating Income
|
974.4m
TWD
|
Other Expenses
|
1.1B
TWD
|
Net Income
|
2.1B
TWD
|
Income Statement
Universal 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 |
5 276
N/A
|
5 407
+2%
|
5 646
+4%
|
5 758
+2%
|
5 820
+1%
|
5 768
-1%
|
5 543
-4%
|
5 348
-4%
|
5 164
-3%
|
4 942
-4%
|
4 931
0%
|
4 756
-4%
|
4 622
-3%
|
4 617
0%
|
4 457
-3%
|
4 547
+2%
|
4 405
-3%
|
4 471
+1%
|
4 561
+2%
|
4 554
0%
|
4 781
+5%
|
4 802
+0%
|
4 848
+1%
|
4 896
+1%
|
5 006
+2%
|
5 072
+1%
|
5 216
+3%
|
5 341
+2%
|
5 426
+2%
|
5 613
+3%
|
5 740
+2%
|
5 898
+3%
|
6 079
+3%
|
6 171
+2%
|
6 455
+5%
|
6 785
+5%
|
7 056
+4%
|
7 359
+4%
|
7 530
+2%
|
7 620
+1%
|
7 802
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 806)
|
(4 914)
|
(5 125)
|
(5 227)
|
(5 276)
|
(5 249)
|
(5 033)
|
(4 833)
|
(4 626)
|
(4 399)
|
(4 315)
|
(4 123)
|
(3 980)
|
(3 951)
|
(3 837)
|
(3 936)
|
(3 867)
|
(3 933)
|
(4 028)
|
(4 035)
|
(4 210)
|
(4 263)
|
(4 311)
|
(4 364)
|
(4 419)
|
(4 423)
|
(4 466)
|
(4 506)
|
(4 519)
|
(4 624)
|
(4 704)
|
(4 825)
|
(4 947)
|
(4 998)
|
(5 241)
|
(5 496)
|
(5 689)
|
(5 940)
|
(6 040)
|
(6 100)
|
(6 260)
|
|
Gross Profit |
470
N/A
|
493
+5%
|
521
+6%
|
531
+2%
|
544
+3%
|
519
-5%
|
509
-2%
|
516
+1%
|
538
+4%
|
543
+1%
|
616
+13%
|
633
+3%
|
642
+1%
|
666
+4%
|
620
-7%
|
612
-1%
|
538
-12%
|
537
0%
|
532
-1%
|
519
-2%
|
571
+10%
|
539
-6%
|
537
0%
|
532
-1%
|
587
+10%
|
649
+11%
|
749
+16%
|
835
+11%
|
907
+9%
|
989
+9%
|
1 036
+5%
|
1 073
+4%
|
1 132
+6%
|
1 173
+4%
|
1 214
+4%
|
1 289
+6%
|
1 366
+6%
|
1 419
+4%
|
1 490
+5%
|
1 519
+2%
|
1 542
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(347)
|
(353)
|
(352)
|
(342)
|
(366)
|
(363)
|
(371)
|
(372)
|
(364)
|
(363)
|
(381)
|
(378)
|
(376)
|
(383)
|
(380)
|
(388)
|
(388)
|
(386)
|
(394)
|
(392)
|
(388)
|
(396)
|
(396)
|
(400)
|
(416)
|
(421)
|
(425)
|
(422)
|
(414)
|
(525)
|
(422)
|
(529)
|
(422)
|
(433)
|
(453)
|
(483)
|
(525)
|
(672)
|
(684)
|
(564)
|
(568)
|
|
Selling, General & Administrative |
(312)
|
(322)
|
(323)
|
(309)
|
(329)
|
(319)
|
(319)
|
(308)
|
(297)
|
(294)
|
(313)
|
(310)
|
(305)
|
(307)
|
(298)
|
(303)
|
(301)
|
(302)
|
(312)
|
(317)
|
(315)
|
(323)
|
(323)
|
(331)
|
(347)
|
(352)
|
(356)
|
(351)
|
(345)
|
(351)
|
(349)
|
(355)
|
(343)
|
(351)
|
(366)
|
(386)
|
(433)
|
(462)
|
(483)
|
(486)
|
(495)
|
|
Research & Development |
(35)
|
(31)
|
(30)
|
(34)
|
(37)
|
(44)
|
(51)
|
(64)
|
(67)
|
(68)
|
(67)
|
(67)
|
(71)
|
(75)
|
(81)
|
(85)
|
(85)
|
(82)
|
(80)
|
(75)
|
(73)
|
(73)
|
(73)
|
(69)
|
(69)
|
(69)
|
(69)
|
(71)
|
(69)
|
(55)
|
(57)
|
(56)
|
(79)
|
(81)
|
(88)
|
(97)
|
(92)
|
(94)
|
(84)
|
(79)
|
(73)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
0
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
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
|
(119)
|
(16)
|
(119)
|
0
|
0
|
0
|
0
|
0
|
(117)
|
(117)
|
0
|
0
|
|
Operating Income |
123
N/A
|
141
+14%
|
169
+20%
|
188
+12%
|
179
-5%
|
156
-13%
|
139
-11%
|
144
+4%
|
173
+20%
|
180
+4%
|
235
+30%
|
255
+9%
|
266
+5%
|
283
+6%
|
239
-15%
|
223
-7%
|
150
-33%
|
152
+1%
|
139
-9%
|
127
-8%
|
183
+44%
|
143
-21%
|
140
-2%
|
131
-6%
|
171
+30%
|
228
+34%
|
324
+42%
|
413
+27%
|
493
+20%
|
464
-6%
|
613
+32%
|
543
-11%
|
710
+31%
|
740
+4%
|
761
+3%
|
806
+6%
|
841
+4%
|
746
-11%
|
805
+8%
|
955
+19%
|
974
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
961
|
1 019
|
1 132
|
1 240
|
1 251
|
1 292
|
1 220
|
1 152
|
1 253
|
1 319
|
1 431
|
1 472
|
1 477
|
1 406
|
1 337
|
1 311
|
1 239
|
951
|
978
|
995
|
902
|
1 096
|
952
|
879
|
989
|
814
|
863
|
894
|
858
|
999
|
826
|
666
|
500
|
564
|
591
|
1 044
|
1 406
|
1 344
|
1 410
|
1 240
|
1 071
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
0
|
0
|
0
|
0
|
(103)
|
0
|
(103)
|
0
|
(7)
|
210
|
209
|
367
|
99
|
0
|
0
|
(274)
|
(116)
|
|
Gain/Loss on Disposition of Assets |
13
|
12
|
11
|
9
|
0
|
0
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
(0)
|
0
|
3
|
3
|
7
|
7
|
4
|
4
|
0
|
1
|
613
|
613
|
|
Total Other Income |
51
|
43
|
40
|
47
|
38
|
39
|
37
|
40
|
46
|
44
|
42
|
39
|
34
|
33
|
34
|
33
|
35
|
45
|
45
|
49
|
42
|
42
|
42
|
40
|
39
|
49
|
50
|
52
|
49
|
42
|
38
|
29
|
34
|
32
|
37
|
(237)
|
33
|
37
|
39
|
317
|
41
|
|
Pre-Tax Income |
1 149
N/A
|
1 214
+6%
|
1 352
+11%
|
1 484
+10%
|
1 468
-1%
|
1 486
+1%
|
1 395
-6%
|
1 337
-4%
|
1 472
+10%
|
1 545
+5%
|
1 708
+11%
|
1 767
+3%
|
1 779
+1%
|
1 722
-3%
|
1 611
-6%
|
1 568
-3%
|
1 425
-9%
|
1 149
-19%
|
1 162
+1%
|
1 171
+1%
|
1 128
-4%
|
1 275
+13%
|
1 127
-12%
|
1 043
-7%
|
1 199
+15%
|
1 092
-9%
|
1 238
+13%
|
1 358
+10%
|
1 298
-4%
|
1 506
+16%
|
1 374
-9%
|
1 243
-10%
|
1 240
0%
|
1 553
+25%
|
1 605
+3%
|
1 984
+24%
|
2 383
+20%
|
2 127
-11%
|
2 255
+6%
|
2 850
+26%
|
2 583
-9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(30)
|
(38)
|
(67)
|
(80)
|
(84)
|
(80)
|
(85)
|
(86)
|
(88)
|
(81)
|
(85)
|
(92)
|
(95)
|
(102)
|
(114)
|
(80)
|
(36)
|
(37)
|
(30)
|
(35)
|
(76)
|
(69)
|
(25)
|
(41)
|
(57)
|
(59)
|
(70)
|
(39)
|
(38)
|
(57)
|
(53)
|
(115)
|
(126)
|
(138)
|
(161)
|
(159)
|
(200)
|
(202)
|
(247)
|
(257)
|
(235)
|
|
Income from Continuing Operations |
1 119
|
1 176
|
1 284
|
1 404
|
1 384
|
1 405
|
1 310
|
1 251
|
1 383
|
1 464
|
1 624
|
1 676
|
1 684
|
1 620
|
1 497
|
1 487
|
1 390
|
1 113
|
1 132
|
1 137
|
1 052
|
1 206
|
1 102
|
1 002
|
1 142
|
1 033
|
1 168
|
1 319
|
1 260
|
1 449
|
1 322
|
1 128
|
1 114
|
1 415
|
1 444
|
1 824
|
2 183
|
1 925
|
2 008
|
2 593
|
2 347
|
|
Income to Minority Interest |
(6)
|
(5)
|
(0)
|
0
|
8
|
11
|
11
|
13
|
10
|
11
|
11
|
14
|
18
|
21
|
24
|
25
|
22
|
19
|
15
|
11
|
6
|
3
|
(1)
|
(5)
|
(6)
|
(7)
|
(10)
|
(11)
|
(13)
|
(18)
|
(22)
|
(26)
|
(26)
|
(22)
|
(22)
|
(26)
|
(142)
|
(146)
|
(141)
|
(341)
|
(239)
|
|
Net Income (Common) |
1 113
N/A
|
1 172
+5%
|
1 284
+10%
|
1 404
+9%
|
1 393
-1%
|
1 416
+2%
|
1 321
-7%
|
1 264
-4%
|
1 393
+10%
|
1 475
+6%
|
1 634
+11%
|
1 690
+3%
|
1 702
+1%
|
1 640
-4%
|
1 522
-7%
|
1 512
-1%
|
1 412
-7%
|
1 131
-20%
|
1 147
+1%
|
1 147
+0%
|
1 057
-8%
|
1 209
+14%
|
1 101
-9%
|
997
-9%
|
1 135
+14%
|
1 027
-10%
|
1 158
+13%
|
1 308
+13%
|
1 247
-5%
|
1 431
+15%
|
1 300
-9%
|
1 101
-15%
|
1 088
-1%
|
1 393
+28%
|
1 422
+2%
|
1 798
+26%
|
2 041
+14%
|
1 780
-13%
|
1 866
+5%
|
2 253
+21%
|
2 108
-6%
|
|
EPS (Diluted) |
1.7
N/A
|
1.79
+5%
|
1.96
+9%
|
2.15
+10%
|
2.13
-1%
|
2.16
+1%
|
2.02
-6%
|
1.93
-4%
|
2.13
+10%
|
2.26
+6%
|
2.5
+11%
|
2.58
+3%
|
2.6
+1%
|
2.49
-4%
|
2.31
-7%
|
2.3
0%
|
2.16
-6%
|
1.73
-20%
|
1.76
+2%
|
1.76
N/A
|
1.61
-9%
|
1.85
+15%
|
1.68
-9%
|
1.52
-10%
|
1.73
+14%
|
1.57
-9%
|
1.77
+13%
|
2
+13%
|
1.85
-8%
|
2.19
+18%
|
1.99
-9%
|
1.68
-16%
|
1.61
-4%
|
2.13
+32%
|
2.17
+2%
|
2.66
+23%
|
3.02
+14%
|
2.65
-12%
|
2.77
+5%
|
3.34
+21%
|
3.12
-7%
|