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Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
TWD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
TWD ($)
Dec. 31, 2021
TWD ($)
Cash flows from operating activities:        
Net income before tax $ 68,450,404 $ 2,235,480 $ 109,625,660 $ 58,496,432
Adjustments to reconcile net income before tax to net cash provided by operating activities:        
Depreciation 37,757,556 1,233,101 41,328,374 44,179,632
Amortization 2,726,481 89,043 2,841,334 2,894,942
Expected credit impairment losses (gains) (130,518) (4,263) 2,723 (6,121)
Net loss (gain) of financial assets and liabilities at fair value through profit or loss 40,553 1,324 1,247,962 (2,892,470)
Interest expense 1,473,729 48,130 1,785,311 1,868,089
Interest income (4,853,124) (158,495) (2,022,314) (575,719)
Dividend income (1,773,498) (57,920) (2,163,043) (1,653,006)
Share-based payment 1,031,896 33,700 1,351,738 1,745,745
Share of profit of associates and joint ventures (4,307,614) (140,680) (1,626,103) (5,193,495)
Gain on disposal of property, plant and equipment (268,293) (8,762) (482,983) (143,735)
Loss (gain) on disposal of investments accounted for under the equity method (163,395) (5,336) (50,553) 16,388
Loss on repurchases of bonds 0 0 203,851 0
Exchange loss (gain) on financial assets and liabilities 85,353 2,788 2,436,159 (505,434)
Bargain purchase gain in acquisition of equity investee (494,001) (16,133) 0 0
Loss (gain) on lease modification (113) (4) (1,162) 6
Amortization of deferred government grants (2,663,843) (86,997) (4,163,746) (4,069,055)
Others 0 0 0 243,447
Income and expense adjustments 28,461,169 929,496 40,687,548 35,909,214
Changes in operating assets and liabilities:        
Financial assets and liabilities at fair value through profit or loss 1,945,525 63,538 14,825 119,904
Contract assets (381,105) (12,446) (47,842) (81,887)
Notes receivable and accounts receivable 7,201,939 235,204 (1,115,482) (8,590,622)
Other receivables (526,223) (17,186) (914,736) 134,111
Inventories (4,944,756) (161,488) (7,637,528) (871,589)
Other current assets 939,912 30,696 (4,041,038) (227,852)
Contract fulfillment costs (164,316) (5,366) (97,027) (71,828)
Contract liabilities (267,858) (8,748) (252,594) 1,637,105
Accounts payable (1,341,114) (43,799) 490,949 688,652
Other payables (5,683,081) (185,600) 9,230,484 4,092,040
Other current liabilities 1,470,483 48,023 791,279 (506,837)
Net defined benefit liabilities (262,084) (8,559) (711,115) (482,809)
Other noncurrent liabilities (89,593) (2,926) (8,039) 71,430
Cash generated from operations 94,809,302 3,096,319 146,015,344 90,315,464
Interest received 4,579,972 149,575 1,852,783 505,379
Dividend received 3,649,805 119,197 4,132,529 3,006,829
Interest paid (1,027,500) (33,557) (1,422,337) (1,539,069)
Income tax paid (16,011,870) (522,922) (4,717,790) (1,936,712)
Net cash provided by operating activities 85,999,709 2,808,612 145,860,529 90,351,891
Cash flows from investing activities:        
Acquisition of financial assets at fair value through profit or loss (1,182,248) (38,610) (1,041,792) (921,916)
Proceeds from disposal of financial assets at fair value through profit or loss 525,237 17,153 773,318 439,145
Acquisition of financial assets measured at amortized cost (6,296,321) (205,628) (1,682,788) (37,141,310)
Proceeds from redemption of financial assets measured at amortized cost 678,907 22,172 30,179,933 22,132,639
Proceeds from disposal of investments accounted for under the equity method 293,266 9,578 0 0
Proceeds from capital reduction of investments accounted for under the equity method 1,303,106 42,557 0 0
Increase in prepayment for investments 0 0 0 (5,025)
Proceeds from capital reduction of financial assets at fair value through other comprehensive income 0 0 0 42,150
Disposal of subsidiary 0 0 0 714,358
Acquisition of property, plant and equipment (91,473,668) (2,987,383) (80,127,628) (48,034,633)
Proceeds from disposal of property, plant and equipment 323,385 10,561 669,282 216,314
Increase in refundable deposits (44,100) (1,440) (558,491) (274,015)
Decrease in refundable deposits 83,856 2,739 186,175 220,750
Acquisition of intangible assets (2,546,516) (83,165) (2,756,155) (1,924,924)
Government grants related to assets acquisition 591,086 19,304 173,909 2,498,984
Increase in other noncurrent assets (42,532) (1,389) (243,084) (125,917)
Decrease in other noncurrent assets 0 0 55 0
Net cash used in investing activities (97,786,542) (3,193,551) (54,427,266) (62,163,400)
Cash flows from financing activities:        
Increase in short-term loans 29,120,960 951,044 228,980 7,205,015
Decrease in short-term loans (15,590,960) (509,176) (2,194,664) (16,179,231)
Cash payments for the principal portion of the lease liability (666,439) (21,765) (712,854) (699,680)
Proceeds from bonds issued 10,000,000 326,584 0 25,760,800
Bonds issuance costs (10,755) (351) 0 (57,108)
Redemption of bonds 0 0 (13,305,050) (2,000,000)
Proceeds from long-term loans 15,416,130 503,466 2,319,371 15,560,661
Repayments of long-term loans (11,558,426) (377,480) (21,135,630) (11,472,124)
Increase in guarantee deposits 11,651,109 380,506 15,823,396 14,812,963
Decrease in guarantee deposits (1,227,764) (40,097) (838,455) (593,555)
Decrease in other financial liabilities (21,209,443) (692,666) 0 0
Cash dividends and cash distributed from additional paid-in capital (45,014,783) (1,470,110) (37,445,300) (19,871,129)
Change in non-controlling interests 4,187 137 5,456 23,430
Others 0 0 0 65
Net cash provided by (used in) financing activities (29,086,184) (949,908) (57,254,750) 12,490,107
Effect of exchange rate changes on cash and cash equivalents (392,145) (12,807) 7,018,133 (2,104,503)
Net increase (decrease) in cash and cash equivalents (41,265,162) (1,347,654) 41,196,646 38,574,095
Cash and cash equivalents at beginning of year 173,818,777 5,676,642 132,622,131 94,048,036
Cash and cash equivalents at end of year $ 132,553,615 $ 4,328,988 $ 173,818,777 $ 132,622,131