3Q 2010 Financial Statement

UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Balance Sheet
As of September 30, 2010
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
September 30, 2010
NT$
US$
%
ASSETS
Current Assets
Cash and Cash Equivalents
Financial Assets at Fair Value through Profit or Loss, current
Available-for-Sale Financial Assets, current
Notes & Accounts Receivable, net
Inventories, net
Other Current Assets
Total Current Assets
1,246
46
216
594
342
66
2,510
38,931
1,443
6,742
18,553
10,670
2,066
78,405
14.8%
0.6%
2.6%
7.1%
4.1%
0.7%
29.9%
Non-Current Assets
Funds and Investments
Property, Plant and Equipment, net
Other Assets
Total Non-Current Assets
TOTAL ASSETS
2,146
3,546
193
5,885
8,395
67,026
110,783
6,036
183,845
262,250
25.6%
42.2%
2.3%
70.1%
100.0%
LIABILITIES
Current Liabilities
Short-term Loans
Financial Liabilities at Fair Value through Profit or Loss, current
Payables
Current Portion of Long-term Liabilities
Other Current Liabilities
Total Current Liabilities
84
64
990
179
24
1,341
2,632
1,988
30,936
5,580
759
41,895
1.0%
0.8%
11.8%
2.1%
0.3%
16.0%
Non-Current Liabilities
Long-term Loans
Other Liabilities
Total Non-Current Liabilities
TOTAL LIABILITIES
26
112
138
1,479
808
3,497
4,305
46,200
0.3%
1.3%
1.6%
17.6%
4,157
1,436
1,539
129,879
44,873
48,032
49.5%
17.1%
18.4%
(216)
6,916
8,395
(6,734)
216,050
262,250
(2.6%)
82.4%
100.0%
STOCKHOLDERS' EQUITY
Capital Stock
Additional Paid-in Capital
Retained Earnings, Unrealized Gain or Loss on Financia
Instruments and Cumulative Translation Adjustment
Treasury Stock
TOTAL STOCKHOLDERS' EQUITY
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
Note : New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2010 exchange rate of NT 3$1.24 per U.S. Dollar.
All figures are in ROC GAAP.
Financial Table 1/4
UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Income Statement
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Year over Year Comparison
Net Sales
Cost of Goods Sold
Net Gross Profit
Operating Expenses
- Sales & Marketing
- General & Administrative
- Research & Development
Operating Income
Net Non-Operating Income (Expenses)
Income from Continuing Operations before
Income Tax
Income Tax Expense
Income from Continuing Operations
Extraordinary Gain
Net Income
Earnings per Share
Earnings per ADS (2)
Weighted Average Number of Shares
Outstanding (in millions)
Quarter over Quarter Comparison
Three-Month Period Ended
September 30, 2010
September 30, 2009
US$
NT$
US$
NT$
1,045
32,652
877
27,406
(704)
(22,004)
(632)
(19,751)
341
10,648
245
7,655
32.6%
32.6%
27.9%
27.9%
(18)
(22)
(71)
(111)
230
22.0%
(567)
(692)
(2,202)
(3,461)
7,187
22.0%
(20)
(19)
(71)
(110)
135
15.4%
%
Chg.
19.1%
11.4%
39.1%
(629)
(593)
(2,224)
(3,446)
4,209
15.4%
(9.9%)
16.7%
(1.0%)
0.4%
70.8%
62
1,937
70
2,180
(11.1%)
292
27.9%
9,124
27.9%
205
23.3%
6,389
23.3%
(13)
279
279
26.7%
(404)
8,720
8,720
26.7%
(10)
195
195
22.2%
(298)
6,091
6,091
22.2%
0.022
0.112
0.70
3.50
0.015
0.077
0.48
2.40
12,450
Three-Month Period Ended
September 30, 2010
June 30, 2010
US$
NT$
US$
NT$
1,045
32,652
952
29,745
(704)
(22,004)
(670)
(20,940)
341
10,648
282
8,805
32.6%
32.6%
29.6%
29.6%
(18)
(22)
(71)
(111)
230
22.0%
(567)
(692)
(2,202)
(3,461)
7,187
22.0%
(18)
(22)
(68)
(108)
174
18.3%
%
Chg.
9.8%
5.1%
20.9%
(553)
(679)
(2,136)
(3,368)
5,437
18.3%
2.5%
1.9%
3.1%
2.8%
32.2%
62
1,937
4
130
100.0%
42.8%
292
27.9%
9,124
27.9%
178
18.7%
5,567
18.7%
63.9%
35.6%
43.2%
43.2%
(13)
279
279
26.7%
(404)
8,720
8,720
26.7%
(11)
167
2
169
17.7%
(363)
5,204
69
5,273
17.7%
11.3%
67.6%
(100.0%)
65.4%
0.022
0.112
0.70
3.50
0.013
0.067
0.42
2.10
12,672
12,450
12,450
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2010 exchange rate of NT $31.24 per U.S. Dollar.
All figures are in ROC GAAP.
(2) 1 ADS equals 5 common shares.
Financial Table 2/4
UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Income Statement
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Net Sales
Cost of Goods Sold
Net Gross Profit
Operating Expenses
- Sales & Marketing
- General & Administrative
- Research & Development
Operating Income
For the Three-Month Period Ended
September 30, 2010
US$
NT$
%
1,045
32,652
100.0%
(704)
(22,004)
(67.4%)
341
10,648
32.6%
For the Nine-Month Period Ended
September 30, 2010
US$
NT$
%
2,852
89,112
100.0%
(2,019)
(63,100)
(70.8%)
833
26,012
29.2%
(18)
(22)
(71)
(111)
230
(567)
(692)
(2,202)
(3,461)
7,187
(1.7%)
(2.1%)
(6.7%)
(10.6%)
22.0%
(53)
(63)
(204)
(320)
513
(1,665)
(1,973)
(6,346)
(9,984)
16,028
(1.9%)
(2.2%)
(7.1%)
(11.2%)
18.0%
Net Non-Operating Income (Expenses)
Income from Continuing Operations before
Income Tax
62
1,937
5.9%
73
2,264
2.5%
292
9,124
27.9%
586
18,292
20.5%
Income Tax Expense
Income from Continuing Operations
Extraordinary Gain
Net Income
(13)
279
279
(404)
8,720
8,720
(1.2%)
26.7%
0.0%
26.7%
(29)
557
2
559
(886)
17,406
69
17,475
(1.0%)
19.5%
0.1%
19.6%
Earnings per Share
Earnings per ADS (2)
Weighted Average Number of Shares
Outstanding (in millions)
0.022
0.112
0.70
3.50
0.045
0.224
12,450
1.40
7.00
12,512
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2010 exchange rate of NT $31.24 per U.S. Dollar.
All figures are in ROC GAAP.
(2) 1 ADS equals 5 common shares.
Financial Table 3/4
UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Statement of Cash Flows
For The Nine-Month PeriodEnded September 30, 2010
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
USD
Cash flows from operating activities :
Net Income
Extraordinary gain
Depreciation & Amortization
Gain on recovery in market value and obsolescence of inventories
Cash dividends received under the equity method
Investment gain accounted for under the equity method
Loss on valuation of financial assets and liabilities
Gain on disposal of investments
Gain on disposal of property, plant and equipment
Exchange gain on financial assets and liabilities
Exchange gain on long-term liabilities
Amortization of bond discounts
Amortization of deferred income
Stock-based payment
Changes in assets, liabilities and others
Net cash provided by operating activities
NTD
559
(3)
743
(9)
10
(16)
10
(22)
(1)
(1)
(4)
5
(4)
15
(0)
1,282
17,475
(82)
23,210
(268)
299
(494)
298
(694)
(41)
(34)
(126)
170
(115)
464
(11)
40,051
52
3
(57)
1
(1)
0
(1,224)
2
13
(10)
(4)
(1,225)
1,624
84
(1,782)
38
(18)
10
(38,241)
60
401
(322)
(109)
(38,255)
Cash flows from financing activities :
Increase in short-term loans
Proceeds from long-term loans
Repayments of long-term loans
Redemption of bonds
Cash dividends
Exercise of employee stock options
Purchase of treasury stock
Proceeds from disposal of treasury stock
Increase in deposits-in
Net cash used by financing activities
84
10
(1)
(240)
(200)
0
(155)
1
0
(501)
2,622
300
(22)
(7,500)
(6,233)
3
(4,844)
21
7
(15,646)
Effect of exchange rate changes on cash and cash equivalents
Net decrease in cash and cash equivalents
(0)
(444)
(11)
(13,861)
Cash flows from investing activities :
Proceeds from disposal of available-for-sales financial assets
Proceed from sale of financial assets measured at cost
Acquisition of long-term investments accounted for under the equity method
Proceeds from disposal of long-term investments accounted for the equity method
Prepayment for long-term investments
Proceeds from liquidation of long-term investments
Acquisition of property, plant and equipment
Proceeds from disposal of property, plant and equipment
Proceeds from disposal of non-current assets held for sale
Increase in deferred charges
Increase in other assets - others
Net cash used in investing activities
Cash and cash equivalents at beginning of period
1,690
52,792
Cash and cash equivalents at end of perio
1,246
38,931
Note: New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2010 exchange rate of NT $31.24 per U.S. Dollar.
All figures are in ROC GAAP.
Financial Table 4/4