Earnings per ordinary share for the quarter were NT$0.09. Earnings per ADS were US$0.016. The basic weighted average number of outstanding shares in 4Q12 was 12,635,635,936, compared with 12,628,658,938 shares in 3Q12 and 12,609,375,064 shares in 4Q11. The diluted weighted average number of outstanding shares was 13,321,721,668 in 4Q12, compared with 13,309,367,195 shares in 3Q12 and 13,319,535,653 shares in 4Q11. The fully diluted share count on December 31, 2012 was approximately 14,062,286,000. On December 31, 2012, UMC held 300 million treasury shares acquired from the 14th share buy-back programs.
Detailed Financials Section
Revenue decreased 8.5% QoQ to NT$26.09 billion from NT$28.53 billion in 3Q12, mainly due to decrease in shipment quantity. Gross profit was NT$4.37 billion, or 16.8% of revenue, compared to NT$6.85 billion, or 24.0% of 3Q12 revenue due to shipment decline and currency appreciation. Sales and Marketing expenses decreased to NT$323 million due to a reversal of bad debt expenses from customers. Research and development expenses increased to NT$2.49 billion in 4Q, mainly due to the increase in R&D wafers and masks for advanced process nodes. The total R&D expense was 9.5% of revenue in 4Q12.
|
COGS & Expenses | |||||
|
(Amount: NT$ million) |
4Q12 |
3Q12 |
QoQ %
|
4Q11 |
YoY %
|
|
Revenue |
26,088 |
28,525 |
(8.5) |
24,425 |
6.8 |
|
COGS |
(21,716) |
(21,675) |
0.2 |
(19,875) |
9.3 |
|
Depreciation |
(6,841) |
(7,122) |
(3.9) |
(6,800) |
0.6 |
|
Other Mfg. Costs |
(14,875) |
(14,553) |
2.2 |
(13,075) |
13.8 |
|
Gross Profit |
4,372 |
6,850 |
(36.2) |
4,550 |
(3.9) |
|
Gross Margin (%) |
16.8% |
24.0% |
|
18.6% |
|
|
Total Operating Exp. |
(3,409) |
(3,238) |
5.3 |
(3,710) |
(8.1) |
|
G&A |
(598) |
(515) |
16.1 |
(601) |
(0.5) |
|
Sales & Marketing |
(323) |
(504) |
(35.9) |
(822) |
(60.7) |
|
R&D |
(2,488) |
(2,219) |
12.1 |
(2,287) |
8.8 |
|
Operating Income |
963 |
3,612 |
(73.3) |
840 |
14.6 |
