Earnings per ordinary share for the quarter were NT$0.28. Earnings per ADS were US$0.047. The basic weighted average number of outstanding shares in 2Q14 was 12,489,095,718, compared with 12,479,924,736 shares in 1Q14 and 12,464,972,126 shares in 2Q13. The diluted weighted average number of outstanding shares was 12,607,860,758 in 2Q14, compared with 13,157,984,032 shares in 1Q14 and 13,236,433,274 shares in 2Q13. The fully diluted share count on June 30, 2014 was approximately 12,782,196,000. On June 30, 2014, UMC held 200 million treasury shares acquired from the 15th share buy-back programs.
Detailed Financials Section
Revenue increase was mainly driven by foundry wafer shipment growth. Depreciation increased 6.3% QoQ to NT$8.66 billion, mainly due to the deployment of new 28nm tools at Fab 12A. Other manufacturing costs rose 7.7% sequentially from the increase in wafer shipments. Gross margin increased to 22.9% sequentially, to NT$8.21 billion. Sales & Marketing expenses rose to NT$1.10 billion, including the increase in mask and IP expenses. Research and development expenses was NT$3.33 billion, 9.3% of operating revenues.
|
COGS & Expenses | |||||
|
(Amount: NT$ million) |
2Q14 |
1Q14 |
QoQ %
|
2Q13 |
YoY %
|
|
Net Operating Revenues |
35,869 |
31,694 |
13.2 |
31,905 |
12.4 |
|
COGS |
(27,662) |
(25,793) |
7.2 |
(25,728) |
7.5 |
|
Depreciation |
(8,662) |
(8,145) |
6.3 |
(8,546) |
1.4 |
|
Other Mfg. Costs |
(19,000) |
(17,648) |
7.7 |
(17,182) |
10.6 |
|
Gross Profit |
8,207 |
5,901 |
39.1 |
6,177 |
32.9 |
|
Gross Margin (%) |
22.9% |
18.6% |
|
19.4% |
|
|
Operating Expenses |
(5,280) |
(5,016) |
5.3 |
(5,017) |
5.2 |
|
G&A |
(857) |
(848) |
1.1 |
(966) |
(11.3) |
|
Sales & Marketing |
(1,097) |
(833) |
31.7 |
(800) |
37.1 |
|
R&D |
(3,326) |
(3,335) |
(0.3) |
(3,251) |
2.3 |
|
Net Other Operating Income & Expenses |
(10) |
56 |
- |
(11) |
(9.1) |
|
Operating Income |
2,917 |
941 |
210.0 |
1,149 |
153.9 |
