TSMC Form 6-K Summary: 2024 Full Year Results
Business Context and Reporting Period
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) filed Form 6-K on February 12, 2025, reporting the Board of Directors' approval of the 2024 Business Report and Financial Statements. The data covers the fiscal year ended December 31, 2024, prepared in accordance with TIFRS on a consolidated basis.
Key Financial Metrics
| Metric | Value (NT$) |
|---|---|
| Net Sales | 2,894,307,699,000 |
| Gross Profit | 1,624,353,564,000 |
| Income from Operations | 1,322,053,050,000 |
| Net Income (Attributable to Shareholders) | 1,173,267,703,000 |
| Basic EPS | 45.25 |
| Total Assets | 6,691,938,000,000 |
| Total Liabilities | 2,368,362,135,000 |
| Shareholders' Equity | 4,288,545,167,000 |
Calculated Margins: Gross Margin approx. 56.1%; Operating Margin approx. 45.7%; Net Margin approx. 40.5%.
Cash Flow & Liquidity: The filing text does not provide specific values for operating cash flow, free cash flow, or current liquidity ratios.
Material Changes and Capital Actions
- Dividend Declaration: Approved a cash dividend of NT$4.50 per share for Q4 2024. The ex-dividend date is June 12, 2025, with payment on July 10, 2025.
- Employee Bonuses: Approved total employee bonuses of approx. NT$140.59 billion for 2024, split between business performance bonuses (NT$70.30 billion) and profit sharing (NT$70.30 billion).
- Capital Appropriations: Approved US$17.14 billion for capacity expansion, including advanced technology, packaging, and fab construction.
- Subsidiary Injection: Approved a capital injection of up to US$10 billion into TSMC Global Ltd. to reduce foreign exchange hedging costs.
Outlook, Risks, and Management Commentary
Management indicated that capital appropriations are driven by long-term capacity plans based on market demand forecasts and the technology development roadmap. The company serves 522 customers with 288 distinct process technologies. The filing does not contain specific forward-looking revenue guidance, risk factor updates, or discussion of unusual items beyond standard operational approvals.
Investor Verification Checklist
- Verify the exact timing of the ex-dividend date (June 12, 2025) for both common stock and ADSs.
- Confirm the breakdown of the US$17.14 billion capital expenditure between advanced nodes and mature/specialty technologies in subsequent detailed reports.
- Review the impact of the US$10 billion capital injection on TSMC Global Ltd.'s balance sheet and FX exposure.
- Monitor the July 2025 distribution of the profit-sharing bonus component.