Taiwan Paiho Ltd
TWSE:9938
Income Statement
Earnings Waterfall
Taiwan Paiho Ltd
Income Statement
Taiwan Paiho Ltd
| Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
129
|
121
|
111
|
95
|
81
|
81
|
86
|
96
|
98
|
99
|
99
|
94
|
96
|
88
|
77
|
66
|
53
|
48
|
45
|
45
|
47
|
48
|
49
|
49
|
48
|
48
|
49
|
52
|
55
|
55
|
58
|
57
|
59
|
60
|
68
|
85
|
99
|
122
|
146
|
170
|
185
|
213
|
235
|
249
|
276
|
275
|
258
|
228
|
193
|
164
|
146
|
142
|
138
|
137
|
152
|
204
|
290
|
390
|
491
|
563
|
618
|
614
|
589
|
612
|
606
|
623
|
637
|
591
|
|
| Revenue |
6 182
N/A
|
6 141
-1%
|
5 938
-3%
|
5 757
-3%
|
5 783
+0%
|
5 845
+1%
|
6 311
+8%
|
7 388
+17%
|
8 374
+13%
|
9 029
+8%
|
9 261
+3%
|
8 619
-7%
|
8 154
-5%
|
7 630
-6%
|
7 127
-7%
|
6 981
-2%
|
6 981
0%
|
7 074
+1%
|
7 526
+6%
|
7 878
+5%
|
8 107
+3%
|
8 593
+6%
|
8 740
+2%
|
8 927
+2%
|
9 116
+2%
|
9 148
+0%
|
9 250
+1%
|
9 401
+2%
|
9 443
+0%
|
9 793
+4%
|
10 091
+3%
|
10 447
+4%
|
10 630
+2%
|
10 932
+3%
|
11 109
+2%
|
11 545
+4%
|
11 748
+2%
|
11 838
+1%
|
11 977
+1%
|
11 968
0%
|
13 716
+15%
|
15 171
+11%
|
15 719
+4%
|
16 288
+4%
|
15 300
-6%
|
15 553
+2%
|
14 999
-4%
|
14 685
-2%
|
14 645
0%
|
14 720
+1%
|
17 733
+20%
|
17 814
+0%
|
18 288
+3%
|
17 880
-2%
|
16 907
-5%
|
17 433
+3%
|
16 270
-7%
|
15 009
-8%
|
12 681
-16%
|
12 251
-3%
|
12 445
+2%
|
12 997
+4%
|
14 011
+8%
|
14 754
+5%
|
15 459
+5%
|
16 153
+4%
|
16 022
-1%
|
15 871
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(4 559)
|
(4 591)
|
(4 476)
|
(4 252)
|
(4 210)
|
(4 189)
|
(4 458)
|
(5 354)
|
(6 162)
|
(6 656)
|
(6 863)
|
(6 346)
|
(6 045)
|
(5 643)
|
(5 262)
|
(5 085)
|
(4 981)
|
(5 020)
|
(5 240)
|
(5 473)
|
(5 611)
|
(5 912)
|
(5 964)
|
(6 032)
|
(6 061)
|
(6 019)
|
(6 017)
|
(6 015)
|
(5 938)
|
(6 053)
|
(6 188)
|
(6 379)
|
(6 451)
|
(6 610)
|
(6 696)
|
(6 907)
|
(7 043)
|
(7 144)
|
(7 332)
|
(7 444)
|
(8 732)
|
(9 842)
|
(10 205)
|
(10 590)
|
(9 832)
|
(9 786)
|
(9 505)
|
(9 313)
|
(9 269)
|
(9 214)
|
(10 931)
|
(11 024)
|
(11 359)
|
(11 308)
|
(10 865)
|
(11 227)
|
(10 680)
|
(10 027)
|
(8 767)
|
(8 505)
|
(8 617)
|
(8 878)
|
(9 245)
|
(9 524)
|
(9 817)
|
(10 099)
|
(10 099)
|
(10 110)
|
|
| Gross Profit |
1 623
N/A
|
1 551
-4%
|
1 463
-6%
|
1 505
+3%
|
1 573
+5%
|
1 656
+5%
|
1 853
+12%
|
2 034
+10%
|
2 212
+9%
|
2 373
+7%
|
2 398
+1%
|
2 273
-5%
|
2 110
-7%
|
1 988
-6%
|
1 866
-6%
|
1 896
+2%
|
2 000
+5%
|
2 055
+3%
|
2 287
+11%
|
2 405
+5%
|
2 495
+4%
|
2 681
+7%
|
2 776
+4%
|
2 896
+4%
|
3 054
+5%
|
3 128
+2%
|
3 233
+3%
|
3 386
+5%
|
3 505
+4%
|
3 741
+7%
|
3 903
+4%
|
4 068
+4%
|
4 179
+3%
|
4 323
+3%
|
4 413
+2%
|
4 638
+5%
|
4 705
+1%
|
4 694
0%
|
4 645
-1%
|
4 525
-3%
|
4 984
+10%
|
5 329
+7%
|
5 514
+3%
|
5 698
+3%
|
5 468
-4%
|
5 767
+5%
|
5 494
-5%
|
5 372
-2%
|
5 376
+0%
|
5 507
+2%
|
6 803
+24%
|
6 789
0%
|
6 929
+2%
|
6 572
-5%
|
6 042
-8%
|
6 206
+3%
|
5 591
-10%
|
4 983
-11%
|
3 914
-21%
|
3 746
-4%
|
3 828
+2%
|
4 118
+8%
|
4 765
+16%
|
5 229
+10%
|
5 642
+8%
|
6 054
+7%
|
5 923
-2%
|
5 761
-3%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1 281)
|
(1 258)
|
(1 225)
|
(1 122)
|
(1 092)
|
(1 072)
|
(1 081)
|
(1 147)
|
(1 223)
|
(1 248)
|
(1 246)
|
(1 213)
|
(1 237)
|
(1 225)
|
(1 212)
|
(1 239)
|
(1 239)
|
(1 260)
|
(1 316)
|
(1 358)
|
(1 379)
|
(1 433)
|
(1 448)
|
(1 477)
|
(1 521)
|
(1 534)
|
(1 555)
|
(1 568)
|
(1 587)
|
(1 668)
|
(1 723)
|
(1 807)
|
(1 860)
|
(1 891)
|
(1 936)
|
(1 985)
|
(2 031)
|
(2 097)
|
(2 209)
|
(2 303)
|
(2 613)
|
(2 749)
|
(2 823)
|
(2 883)
|
(2 709)
|
(2 750)
|
(2 653)
|
(2 580)
|
(2 567)
|
(2 558)
|
(2 729)
|
(2 792)
|
(2 951)
|
(3 002)
|
(3 037)
|
(3 112)
|
(2 876)
|
(2 775)
|
(2 668)
|
(2 625)
|
(2 778)
|
(2 738)
|
(2 772)
|
(2 782)
|
(2 885)
|
(2 998)
|
(3 001)
|
(3 033)
|
|
| Selling, General & Administrative |
(1 207)
|
(1 176)
|
(1 128)
|
(1 017)
|
(1 015)
|
(977)
|
(988)
|
(1 042)
|
(1 091)
|
(1 093)
|
(1 086)
|
(1 053)
|
(1 099)
|
(1 086)
|
(1 065)
|
(1 073)
|
(1 054)
|
(1 074)
|
(1 120)
|
(1 161)
|
(1 190)
|
(1 235)
|
(1 245)
|
(1 269)
|
(1 295)
|
(1 309)
|
(1 322)
|
(1 322)
|
(1 331)
|
(1 396)
|
(1 444)
|
(1 519)
|
(1 565)
|
(1 592)
|
(1 634)
|
(1 673)
|
(1 707)
|
(1 763)
|
(1 845)
|
(1 894)
|
(2 137)
|
(2 217)
|
(2 236)
|
(2 266)
|
(2 096)
|
(2 128)
|
(2 057)
|
(2 002)
|
(2 012)
|
(2 000)
|
(2 153)
|
(2 215)
|
(2 392)
|
(2 452)
|
(2 499)
|
(2 577)
|
(2 332)
|
(2 239)
|
(2 145)
|
(2 116)
|
(2 264)
|
(2 248)
|
(2 278)
|
(2 283)
|
(2 370)
|
(2 462)
|
(2 465)
|
(2 488)
|
|
| Research & Development |
(73)
|
(82)
|
(98)
|
(105)
|
(76)
|
(84)
|
(94)
|
(105)
|
(132)
|
(155)
|
(161)
|
(160)
|
(138)
|
(140)
|
(148)
|
(165)
|
(185)
|
(186)
|
(196)
|
(197)
|
(188)
|
(198)
|
(203)
|
(209)
|
(226)
|
(225)
|
(233)
|
(246)
|
(257)
|
(272)
|
(279)
|
(288)
|
(295)
|
(299)
|
(303)
|
(312)
|
(324)
|
(334)
|
(364)
|
(409)
|
(476)
|
(532)
|
(586)
|
(617)
|
(613)
|
(622)
|
(597)
|
(578)
|
(555)
|
(426)
|
(444)
|
(445)
|
(558)
|
(550)
|
(538)
|
(535)
|
(544)
|
(536)
|
(524)
|
(509)
|
(514)
|
(490)
|
(494)
|
(499)
|
(515)
|
(537)
|
(537)
|
(546)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(132)
|
(132)
|
(132)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
342
N/A
|
292
-15%
|
237
-19%
|
383
+61%
|
481
+26%
|
584
+21%
|
772
+32%
|
887
+15%
|
989
+12%
|
1 125
+14%
|
1 152
+2%
|
1 060
-8%
|
873
-18%
|
763
-13%
|
653
-14%
|
657
+1%
|
761
+16%
|
795
+4%
|
971
+22%
|
1 046
+8%
|
1 117
+7%
|
1 248
+12%
|
1 328
+6%
|
1 418
+7%
|
1 533
+8%
|
1 595
+4%
|
1 678
+5%
|
1 818
+8%
|
1 918
+6%
|
2 073
+8%
|
2 180
+5%
|
2 260
+4%
|
2 319
+3%
|
2 432
+5%
|
2 477
+2%
|
2 653
+7%
|
2 674
+1%
|
2 598
-3%
|
2 436
-6%
|
2 221
-9%
|
2 371
+7%
|
2 580
+9%
|
2 691
+4%
|
2 815
+5%
|
2 759
-2%
|
3 017
+9%
|
2 840
-6%
|
2 792
-2%
|
2 809
+1%
|
2 948
+5%
|
4 074
+38%
|
3 997
-2%
|
3 978
0%
|
3 570
-10%
|
3 005
-16%
|
3 094
+3%
|
2 715
-12%
|
2 208
-19%
|
1 246
-44%
|
1 121
-10%
|
1 050
-6%
|
1 380
+31%
|
1 993
+44%
|
2 447
+23%
|
2 757
+13%
|
3 055
+11%
|
2 921
-4%
|
2 728
-7%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(151)
|
(113)
|
(107)
|
(107)
|
(108)
|
(120)
|
(111)
|
593
|
600
|
603
|
646
|
(47)
|
(35)
|
(8)
|
(28)
|
(14)
|
3
|
13
|
12
|
(1)
|
(5)
|
(10)
|
(14)
|
8
|
36
|
56
|
62
|
75
|
50
|
25
|
29
|
(13)
|
10
|
(32)
|
(54)
|
(59)
|
(122)
|
(136)
|
(136)
|
(185)
|
(179)
|
(173)
|
(198)
|
(162)
|
(230)
|
(234)
|
(222)
|
(238)
|
(195)
|
(148)
|
(173)
|
(120)
|
(67)
|
(64)
|
24
|
14
|
(131)
|
(271)
|
(419)
|
(552)
|
(584)
|
(550)
|
(546)
|
(565)
|
(514)
|
(548)
|
(649)
|
(632)
|
|
| Non-Reccuring Items |
0
|
(9)
|
(21)
|
(20)
|
(20)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
55
|
25
|
20
|
(13)
|
(7)
|
(5)
|
(1)
|
(7)
|
(11)
|
(18)
|
(15)
|
(11)
|
(10)
|
(6)
|
(8)
|
(24)
|
(20)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(12)
|
1
|
(5)
|
(26)
|
1
|
(26)
|
(15)
|
(0)
|
(24)
|
(19)
|
(8)
|
(3)
|
20
|
10
|
(10)
|
3
|
6
|
(35)
|
(11)
|
(7)
|
24
|
21
|
4
|
(6)
|
(3)
|
(3)
|
1
|
20
|
16
|
4
|
7
|
(5)
|
27
|
23
|
26
|
45
|
39
|
33
|
42
|
20
|
21
|
23
|
12
|
15
|
8
|
13
|
29
|
60
|
70
|
66
|
46
|
56
|
116
|
106
|
117
|
86
|
(13)
|
(46)
|
(49)
|
(49)
|
5
|
48
|
40
|
38
|
40
|
56
|
74
|
86
|
|
| Pre-Tax Income |
234
N/A
|
196
-16%
|
123
-37%
|
216
+76%
|
347
+61%
|
432
+25%
|
646
+49%
|
1 473
+128%
|
1 554
+5%
|
1 691
+9%
|
1 775
+5%
|
1 000
-44%
|
847
-15%
|
758
-10%
|
607
-20%
|
622
+2%
|
726
+17%
|
773
+6%
|
971
+26%
|
1 040
+7%
|
1 124
+8%
|
1 259
+12%
|
1 318
+5%
|
1 420
+8%
|
1 566
+10%
|
1 647
+5%
|
1 740
+6%
|
1 913
+10%
|
1 960
+2%
|
2 102
+7%
|
2 215
+5%
|
2 242
+1%
|
2 355
+5%
|
2 423
+3%
|
2 449
+1%
|
2 638
+8%
|
2 592
-2%
|
2 494
-4%
|
2 342
-6%
|
2 056
-12%
|
2 213
+8%
|
2 431
+10%
|
2 505
+3%
|
2 668
+6%
|
2 536
-5%
|
2 796
+10%
|
2 648
-5%
|
2 615
-1%
|
2 684
+3%
|
2 866
+7%
|
3 947
+38%
|
3 934
0%
|
4 027
+2%
|
3 612
-10%
|
3 146
-13%
|
3 193
+2%
|
2 571
-19%
|
1 890
-26%
|
777
-59%
|
520
-33%
|
471
-9%
|
878
+87%
|
1 488
+69%
|
1 921
+29%
|
2 284
+19%
|
2 562
+12%
|
2 345
-8%
|
2 180
-7%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(93)
|
(94)
|
(27)
|
(59)
|
(120)
|
(148)
|
(215)
|
(369)
|
(308)
|
(313)
|
(347)
|
(162)
|
(173)
|
(164)
|
(156)
|
(175)
|
(204)
|
(230)
|
(278)
|
(290)
|
(334)
|
(364)
|
(369)
|
(397)
|
(417)
|
(438)
|
(484)
|
(558)
|
(574)
|
(583)
|
(613)
|
(599)
|
(633)
|
(683)
|
(703)
|
(766)
|
(759)
|
(710)
|
(644)
|
(601)
|
(698)
|
(855)
|
(874)
|
(912)
|
(840)
|
(938)
|
(908)
|
(878)
|
(883)
|
(927)
|
(1 349)
|
(1 317)
|
(1 361)
|
(1 183)
|
(914)
|
(925)
|
(782)
|
(571)
|
(272)
|
(221)
|
(194)
|
(298)
|
(441)
|
(596)
|
(685)
|
(767)
|
(720)
|
(632)
|
|
| Income from Continuing Operations |
141
|
102
|
96
|
157
|
227
|
284
|
431
|
1 104
|
1 246
|
1 379
|
1 428
|
838
|
674
|
595
|
452
|
447
|
521
|
543
|
693
|
750
|
791
|
896
|
949
|
1 023
|
1 150
|
1 210
|
1 256
|
1 356
|
1 386
|
1 519
|
1 602
|
1 643
|
1 723
|
1 740
|
1 746
|
1 872
|
1 833
|
1 783
|
1 698
|
1 455
|
1 514
|
1 576
|
1 631
|
1 756
|
1 696
|
1 857
|
1 740
|
1 737
|
1 800
|
1 939
|
2 598
|
2 617
|
2 666
|
2 429
|
2 232
|
2 269
|
1 789
|
1 319
|
506
|
299
|
277
|
580
|
1 047
|
1 325
|
1 598
|
1 797
|
1 626
|
1 550
|
|
| Income to Minority Interest |
(29)
|
(14)
|
(10)
|
(7)
|
(9)
|
(14)
|
(15)
|
(37)
|
(67)
|
(101)
|
(131)
|
(114)
|
(90)
|
(70)
|
(45)
|
(51)
|
(67)
|
(66)
|
(83)
|
(89)
|
(85)
|
(99)
|
(122)
|
(139)
|
(170)
|
(201)
|
(216)
|
(235)
|
(245)
|
(247)
|
(241)
|
(231)
|
(232)
|
(221)
|
(214)
|
(226)
|
(213)
|
(207)
|
(190)
|
(125)
|
(154)
|
(175)
|
(157)
|
(216)
|
(174)
|
(208)
|
(236)
|
(219)
|
(249)
|
(339)
|
(556)
|
(591)
|
(606)
|
(488)
|
(418)
|
(403)
|
(268)
|
(127)
|
199
|
260
|
304
|
198
|
8
|
(68)
|
(182)
|
(255)
|
(233)
|
(268)
|
|
| Net Income (Common) |
113
N/A
|
88
-22%
|
87
-1%
|
150
+74%
|
218
+45%
|
270
+24%
|
416
+54%
|
1 067
+157%
|
1 178
+10%
|
1 277
+8%
|
1 297
+2%
|
724
-44%
|
584
-19%
|
525
-10%
|
406
-23%
|
396
-3%
|
454
+15%
|
477
+5%
|
610
+28%
|
661
+8%
|
705
+7%
|
797
+13%
|
827
+4%
|
884
+7%
|
980
+11%
|
1 009
+3%
|
1 040
+3%
|
1 121
+8%
|
1 140
+2%
|
1 272
+12%
|
1 361
+7%
|
1 412
+4%
|
1 490
+6%
|
1 519
+2%
|
1 532
+1%
|
1 647
+7%
|
1 620
-2%
|
1 577
-3%
|
1 508
-4%
|
1 330
-12%
|
1 360
+2%
|
1 401
+3%
|
1 474
+5%
|
1 539
+4%
|
1 522
-1%
|
1 650
+8%
|
1 504
-9%
|
1 518
+1%
|
1 552
+2%
|
1 600
+3%
|
2 042
+28%
|
2 026
-1%
|
2 060
+2%
|
1 942
-6%
|
1 814
-7%
|
1 866
+3%
|
1 520
-19%
|
1 192
-22%
|
705
-41%
|
559
-21%
|
581
+4%
|
778
+34%
|
1 056
+36%
|
1 257
+19%
|
1 416
+13%
|
1 540
+9%
|
1 392
-10%
|
1 281
-8%
|
|
| EPS (Diluted) |
0.35
N/A
|
0.27
-23%
|
0.27
N/A
|
0.47
+74%
|
0.69
+47%
|
0.86
+25%
|
1.32
+53%
|
3.39
+157%
|
3.75
+11%
|
4.05
+8%
|
4.12
+2%
|
2.3
-44%
|
1.86
-19%
|
1.74
-6%
|
1.36
-22%
|
1.31
-4%
|
1.52
+16%
|
1.6
+5%
|
2.05
+28%
|
2.22
+8%
|
2.36
+6%
|
2.67
+13%
|
2.77
+4%
|
2.96
+7%
|
3.28
+11%
|
3.39
+3%
|
3.5
+3%
|
3.77
+8%
|
3.82
+1%
|
4.27
+12%
|
4.56
+7%
|
4.73
+4%
|
5
+6%
|
5.09
+2%
|
5.14
+1%
|
5.52
+7%
|
5.43
-2%
|
5.29
-3%
|
5.06
-4%
|
4.47
-12%
|
4.56
+2%
|
4.7
+3%
|
4.94
+5%
|
5.16
+4%
|
5.1
-1%
|
5.53
+8%
|
5.04
-9%
|
5.09
+1%
|
5.2
+2%
|
5.36
+3%
|
6.84
+28%
|
6.79
-1%
|
6.9
+2%
|
6.51
-6%
|
6.08
-7%
|
6.25
+3%
|
5.09
-19%
|
4
-21%
|
2.36
-41%
|
1.88
-20%
|
1.95
+4%
|
2.61
+34%
|
3.54
+36%
|
4.21
+19%
|
4.75
+13%
|
5.16
+9%
|
4.67
-9%
|
4.29
-8%
|
|