Signatures
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
AU Optronics Corp.
|
|
|
|
|
Date:
October 27, 2016
|
By:
|
/s/ Benjamin Tseng
|
|
|
Name:
|
Benjamin Tseng
|
|
|
Title:
|
Chief Financial Officer
|
Item 1
News
Release
AU
Optronics Corp. Reports Third Quarter 2016 Net Profit of NT$4.62 billion, Growing Nearly 40% Year-over-Year
Issued
by:
AU Optronics Corp.
Issued on:
October 27, 2016
Hsinchu,
Taiwan, October 27, 2016–
AU
Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held its investor conference and announced
its unaudited consolidated financial results for the third quarter of 2016
(1)
.
Consolidated
revenues in the third quarter of 2016 were NT$86.02 billion, up by 7.4% from the previous quarter. Gross profit was NT$11.31 billion,
with a gross margin of 13.1%. Operating profit was NT$5.76 billion, with an operating margin of 6.7%. AUO’s net profit for
the third quarter of 2016 was NT$4.62 billion. Net profit attributable to owners of the Company was NT$4.90 billion, with a basic
EPS
(2)
of NT$0.51.
In
the third quarter of 2016, large-sized panel
(3)
shipments totaled 29.27 million units, representing an increase of
2.8% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter exceeded 37.97 million units, down by
10.6% quarter-over-quarter.
AUO’s
unaudited consolidated results for the third quarter of 2016 were highlighted as below:
|
•
|
Revenues
of NT$86.02 billion
|
|
•
|
Operating
profit of NT$5.76 billion
|
|
•
|
Net
profit of NT$4.62 billion
|
|
•
|
Basic
EPS
(2)
of NT$0.51
|
|
•
|
Operating
margin was 6.7%
|
|
•
|
EBITDA
(4)
margin was 17.9%
|
News
Release
|
•
|
Operating
margin of Display Segment was 7.4%
|
|
•
|
EBITDA
(4)
margin of Display Segment was 18.8%
|
Looking
back on the third quarter, the end demand for TV has been robust. Thanks to the inventory restocking demand for the year-end holiday
season, the Company’s panel supply has remained tight and panel prices have been on the rise, which contributed to a 7.4%
growth of its revenues compared to the previous quarter. The Company’s strategy to quickly respond to industry trends
and to focus on value-up products has been quite successful, and consequently made significant improvements in its profitability.
AUO’s operating profit for the third quarter reached NT$5.76 billion, which represents a 69.7% growth from the same period
last year. Operating profits for the first three quarters turned to black, with a profit of NT$0.78 billion. Meanwhile, its net
profit for the third quarter returned to positive and reached NT$4.62 billion, increased by 36.6% from the same period last year.
Looking
at the fourth quarter, while entering the traditionally slower season, the Company expects customers’ demands to stay at
a high level. AUO hopes to take this opportunity to maximize its capacity value. The Company will keep developing advanced display
technologies, as well as expanding the depth and scope of its existing value-up products, with an aim to jointly build long-term
competitive advantages and operational excellence and to create a mutually beneficial relationship with its customers.
|
(1)
|
All
financial information was unaudited and was prepared by the Company in accordance with Taiwan IFRS.
|
|
(2)
|
Basic
EPS in the third quarter of 2016 was calculated based on the weighted average outstanding shares of the first nine months of 2016
(9,624 million shares).
|
|
(3)
|
Large
size refers to panels that are 10 inches and above in diagonal measurement.
|
|
(4)
|
EBITDA
= Operating Profit + D&A, that is, operating profit before depreciation and amortization.
|
###
News
Release
ABOUT
AU OPTRONICS
AU
Optronics Corp. (AUO) is one of the world’s leading providers of optoelectronic solutions. AUO offers a full range of panel
sizes and comprehensive applications ranging from 1.2 inches to 85 inches. Based on its profound R&D and manufacturing experience,
AUO continues to develop advanced display technologies of the next generation. AUO extended its market to the green energy industry
in 2008 and provides its customers with high-efficiency solar solutions. AUO currently has global operations in Taiwan, Mainland
China, the U.S., Japan, South Korea, Singapore, the Netherlands, Czech and Slovakia. Additionally, AUO is the first pure TFT-LCD
manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow Jones Sustainability
World Index from 2010 to 2016. AUO generated consolidated revenues of NT$360.35 billion in 2015. For more information, please
visit AUO.com.
Safe
Harbour Notice
AU
Optronics Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO), a global leader of TFT-LCD panels,
today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release
are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section
21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on our management's expectations,
projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance,
technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and
business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can
cause actual results to differ materially from those expressed or implied by such statements, including risks related to the pace
of development of the flat panel display industry and the solar industry, the growth in demand in those markets, acceptance of
and demand for our products, technological and development risks, competitive factors, and other risks described in the section
entitled "Risk Factors" in our Form 20-F filed with the United States Securities and Exchange Commission on March 21,
2016.
For
more information, please contact:
Gwen
Ting
|
Jessie
Lee
|
Corporate Communications
Division
|
Corporate Communications
Division
|
AU Optronics Corp.
|
AU Optronics Corp.
|
Tel: +886-3-5008800
ext 7259
|
Tel: +886-3-5008800
ext 3206
|
Fax: +886-3-5772730
|
Fax: +886-3-5772730
|
Email:
gwen.ting@auo.com
|
Email : j
essie.jc.lee@auo.com
|
Item 2
AU
Optronics Corp.
Third
Quarter 2016 Results Investor Conference
友達光電
2016
年第三季法人說明會
Oct.
27, 2016
Safe
Harbor Notice
|
•
|
The
statements included in this presentation that are not historical in nature are “forward-looking
statements” within the meaning of Section 27A of the United States Securities Act
of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward-looking
statements, which may include statements regarding AU Optronics’ future results
of operations, financial condition or business prospects, are subject to significant
risks and uncertainties and are based on AU Optronics’ current expectations.
|
|
•
|
Actual
results may differ materially from those expressed or implied in these forward-looking
statements for a variety of reasons, including, among other things: the cyclical nature
of our industry; our dependence on introducing new products on a timely basis; our dependence
on growth in the demand for our products; our ability to compete effectively; our ability
to successfully expand our capacity; our dependence on key personnel; general economic
and political conditions, including those related to the TFT-LCD industry; possible disruptions
in commercial activities caused by natural and human-induced disasters, including terrorist
activity and armed conflict; and fluctuations in foreign currency exchange rates.
|
|
•
|
Beginning
on January 1, 2013, we have adopted the International Financial Reporting Standards as
issued by the International Accounting Standards Board (“IFRS”) to the extent
endorsed by the ROC Financial Supervisory Commission (“FSC”) (“Taiwan
IFRS”) for reporting our annual and interim consolidated financial statements in
the ROC in accordance with the requirements of the FSC. All financial information contained
herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned that
Taiwan IFRS differs in many material respects from IFRS including to the extent that
any new or amended standards or interpretations applicable under IFRS may not be timely
endorsed by the FSC.
|
|
•
|
Our
release of financial forecasts and forward-looking statements at any particular time
does not create any duty of disclosure beyond that which is imposed by law, and we expressly
disclaim any obligation to publicly update or revise any forecasts or forward-looking
statements, whether as a result of new information, future events or otherwise.
|
Statement
of Comprehensive Income
Selected Items from Statement
of Comprehensive Income
Amount
: NT$ Million
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3Q16
|
|
|
|
2Q16
|
|
|
|
QoQ
%
|
|
|
3Q15
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales
|
86,017
|
100
.0%
|
80,091
|
100.0%
|
|
7.4%
|
|
89,299
|
100
|
.0%
|
|
|
Cost of Goods Sold
|
(74,709)
|
(86.9%)
|
(74,527)
|
(93.1%)
|
|
0.2%
|
|
(80,151)
|
(89.8%)
|
|
|
Gross Profit
|
11,308
|
13
.1%
|
5,564
|
6.9%
|
|
103.2%
|
|
9,148
|
10
|
.2%
|
|
|
Operating Expenses
|
(5,549)
|
(6.5%)
|
(5,449)
|
(6.8%)
|
|
1.8%
|
|
(5,755)
|
(6.4%)
|
|
|
Operating Profit
|
5,759
|
6
.7%
|
116
|
0.1%
|
|
4878.2%
|
|
3,393
|
3
|
.8%
|
|
|
Net Non-operating Income (Expenses)
|
(340)
|
(0.4%)
|
(356)
|
(0.4%)
|
|
(4.6%)
|
|
515
|
0.6%
|
|
|
Profit (Loss) before Tax
|
5,420
|
6
.3%
|
(240)
|
(0.3%)
|
|
|
-
|
|
3,909
|
4
|
.4%
|
|
|
Net Profit (Loss)
|
4,616
|
5
.4%
|
(804)
|
(1.0%)
|
|
|
-
|
|
3,379
|
3
|
.8%
|
|
|
Attributable to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owners of Company
|
4,898
|
5.7%
|
(572)
|
(0.7%)
|
|
|
-
|
|
3,463
|
3.9%
|
|
|
Non-Controlling Interests
|
(282)
|
(0.3%)
|
(231)
|
(0.3%)
|
|
22.2%
|
|
(84)
|
(0.1%)
|
|
|
Net Profit (Loss)
|
4,616
|
5
.4%
|
(804)
|
(1.0%)
|
|
|
-
|
|
3,379
|
3
|
.8%
|
|
|
Basic EPS (NT$)
(a )
|
0.51
|
|
|
(0.06)
|
|
|
|
-
|
|
0.36
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
Profit + D&A
|
15,400
|
17
.9%
|
9,978
|
12.5%
|
54.3%
|
14,872
|
16
|
.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Display
Segment Information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales
|
80,614
|
100.0%
|
73,956
|
100.0%
|
9.0%
|
82,236
|
100.0%
|
|
|
Operating
Profit (Loss)
|
5,937
|
7.4%
|
(224)
|
(0.3%)
|
|
-
|
3,615
|
4.4%
|
|
|
Operating
Profit + D&A
|
15,120
|
18.8%
|
9,173
|
12.4%
|
64.8%
|
14,372
|
17.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unit Shipments
(mn)
(b )
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Large Size
Panels
|
29.3
|
|
|
28.5
|
|
2.8%
|
26.3
|
|
|
|
|
Small &
Medium Size Panels
|
38.0
|
|
|
42.5
|
|
(10.6%)
|
48.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
–
|
Unaudited, prepared by AUO
based on Taiwan IFRS
|
|
a)
|
Basic EPS in both 3Q16 and
2Q16 were calculated based on the weighted average outstanding shares of the first nine months of 2016 (9,624m shares); Basic
EPS in 3Q15 was calculated based on the weighted average outstanding shares of 2015 (9,624m shares).
|
|
b)
|
Large size refers to panels
that are 10 inches and above
|
Consolidated
Balance Sheet Highlights
Amount : NT$ Million
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash & ST Investment
(a )
|
3Q16
|
|
2Q16
|
|
|
QoQ %
|
|
|
3Q15
|
|
|
74,053
|
72,954
|
|
1.5%
|
|
76,915
|
|
|
Inventory
|
27,013
|
27,754
|
|
(2.7%)
|
|
38,099
|
|
|
Short Term Debt
(b )
|
26,135
|
22,669
|
|
15.3%
|
|
51,093
|
|
|
Long Term Debt
|
101,218
|
94,670
|
|
6.9%
|
|
68,008
|
|
|
Equity
|
192,309
|
191,310
|
|
0.5%
|
|
214,107
|
|
|
Total Assets
|
419,650
|
417,385
|
|
0.5%
|
|
450,168
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory
Turnover (Days)
(c)
|
33
|
36
|
|
|
|
43
|
|
|
Net
Debt to Equity
(d )
|
27.7%
|
23.2%
|
|
|
19.7%
|
|
|
|
–
|
Unaudited, prepared by AUO
based on Taiwan IFRS
|
|
a)
|
Excluding time deposit with
maturity longer than 3 months (NT$0m in 3Q16 , NT$0m in 2Q16 , and NT$15,262m in 3Q15 )
|
|
b)
|
Short term debt refers to
all interest bearing debt maturing within one year
|
|
c)
|
Calculated by dividing the
average inventory into the annualized cost of goods sold during such period, then multiplying by 365 days
|
|
d)
|
Net Debt to Equity = (Short
Term Debt + Long Term Debt - Cash and ST Investment) / Equity
|
Consolidated
Cash Flow Highlights
Amount : NT$ Million
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3Q16
|
|
2Q16
|
|
|
QoQ
|
|
From Operating Activities
|
3,962
|
7,594
|
|
(3,632)
|
|
Profit (Loss) before Tax
|
5,420
|
(240)
|
|
5,660
|
|
Depreciation & Amortization
|
9,641
|
9,862
|
|
(221)
|
|
Net Change in Working Capital
|
(10,965)
|
(638)
|
|
(10,327)
|
|
|
|
|
|
|
|
From Investing Activities
|
(7,640)
|
(15,812)
|
|
8,172
|
|
Capital Expenditure
|
(11,528)
|
(15,970)
|
|
4,443
|
|
|
|
|
|
|
|
From Financing Activities
|
5,670
|
7,827
|
|
(2,156)
|
|
Net Change in Debt
|
10,108
|
8,857
|
|
1,251
|
|
|
|
|
|
|
|
Net Change in Cash
(a )
|
1,099
|
(701)
|
|
1,801
|
|
|
|
|
|
|
|
|
|
|
|
|
|
–
|
Unaudited, prepared by AUO
based on Taiwan IFRS
|
|
a)
|
In addition to cash generated
from operating, investing and financing activities, net change in cash also include effect on currency exchange of foreign subsidiaries
|
Display Revenue Breakdown by Application
|
–
|
Unaudited, prepared by AUO based on Taiwan IFRS
|
|
–
|
Mobile PC : including Notebook and Tablet displays
|
|
–
|
Mobile Device : including displays for mobile phones and
other related products
|
|
–
|
Commercial and Others: including displays for automobile,
industrial PC, ATM, point of sale (POS), pachinko, and etc.
|
Display Revenue Breakdown by Size
Consolidated Shipments & ASP by Area
|
–
|
Unaudited, prepared by AUO based on Taiwan IFRS
|
|
–
|
ASP per square meter in US$ was translated from NT$ based
on average exchange rates announced by Customs Administration, Ministry of Finance of each respective quarter
|
Consolidated
Small & Medium Panel
Shipments by Area & Revenues
|
–
|
Unaudited, prepared by AUO based on Taiwan IFRS
|
|
–
|
Small & Medium size refers to panels that are under
10 inches
|
www.auo.com
ir@auo.com
AU
OPTRONICS CORP.
CONSOLIDATED
COMPREHENSIVE INCOME STATEMENT
For
the Three Months Ended September 30, 2016 and 2015 and June 30, 2016
(Expressed
in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)
|
|
|
Year
over Year Comparison
|
|
|
|
|
|
Sequential
Comparison
|
|
|
|
|
3Q 2016
|
|
|
|
3Q 2015
|
|
|
|
|
3Q 2016
|
|
|
|
2Q 2016
|
|
|
|
USD
|
|
NTD
|
|
%
|
|
NTD
|
|
YoY%
|
|
USD
|
|
NTD
|
|
%
|
|
NTD
|
|
QoQ%
|
Net Sales
|
2,751
|
86,017
|
100.0
|
89,299
|
(3.7)
|
2,751
|
86,017
|
100.0
|
80,091
|
7.4
|
Cost of Goods Sold
|
2,389
|
|
74,709
|
|
86.9
|
|
80,151
|
|
(6.8)
|
|
2,389
|
|
74,709
|
|
86.9
|
|
74,527
|
|
0.2
|
Gross Profit
|
362
|
|
11,308
|
|
13.1
|
|
9,148
|
|
23.6
|
|
362
|
|
11,308
|
|
13.1
|
|
5,564
|
|
103.2
|
Operating Expenses
|
177
|
|
5,549
|
|
6.5
|
|
5,755
|
|
(3.6)
|
|
177
|
|
5,549
|
|
6.5
|
|
5,449
|
|
1.8
|
Operating Profit(Loss)
|
184
|
|
5,759
|
|
6.7
|
|
3,393
|
|
69.7
|
|
184
|
|
5,759
|
|
6.7
|
|
116
|
|
4878.2
|
Net Non-operating Income(Expense)
|
(11)
|
|
(340)
|
|
(0.4)
|
|
515
|
|
-
|
|
(11)
|
|
(340)
|
|
(0.4)
|
|
(356)
|
|
(4.6)
|
Profit(Loss) before Income Tax
|
173
|
|
5,420
|
|
6.3
|
|
3,909
|
|
38.7
|
|
173
|
|
5,420
|
|
6.3
|
|
(240)
|
|
-
|
Income Tax Expense
|
(26)
|
|
(804)
|
|
(0.9)
|
|
(529)
|
|
51.9
|
|
(26)
|
|
(804)
|
|
(0.9)
|
|
(563)
|
|
42.7
|
Net Profit(Loss)
|
148
|
|
4,616
|
|
5.4
|
|
3,379
|
|
36.6
|
|
148
|
|
4,616
|
|
5.4
|
|
(804)
|
|
-
|
Other Comprehensive Income(Loss)
|
(72)
|
|
(2,251)
|
|
(2.6)
|
|
2,566
|
|
-
|
|
(72)
|
|
(2,251)
|
|
(2.6)
|
|
(1,489)
|
|
51.1
|
Total Comprehensive Income(Loss)
|
76
|
|
2,365
|
|
2.7
|
|
5,945
|
|
(60.2)
|
|
76
|
|
2,365
|
|
2.7
|
|
(2,293)
|
|
-
|
Net Profit(Loss) Attributable to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owners of Company
|
157
|
4,898
|
5.7
|
3,463
|
41.4
|
157
|
4,898
|
5.7
|
(572)
|
|
-
|
Non-Controlling Interests
|
(9)
|
|
(282)
|
|
(0.3)
|
|
(84)
|
|
237.9
|
|
(9)
|
|
(282)
|
|
(0.3)
|
|
(231)
|
|
22.2
|
Net Profit(Loss)
|
148
|
|
4,616
|
|
5.4
|
|
3,379
|
|
36.6
|
|
148
|
|
4,616
|
|
5.4
|
|
(804)
|
|
-
|
Total Comprehensive Income(Loss) Attributable
to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owners of Company
|
103
|
3,207
|
3.7
|
5,864
|
(45.3)
|
103
|
3,207
|
3.7
|
(1,421)
|
|
-
|
Non-Controlling Interests
|
(27)
|
|
(842)
|
|
(1.0)
|
|
82
|
|
-
|
|
(27)
|
|
(842)
|
|
(1.0)
|
|
(872)
|
|
(3.4)
|
Total Comprehensive Income(Loss)
|
76
|
|
|
2,365
|
|
2.7
|
|
5,945
|
|
(60.2)
|
|
76
|
|
2,365
|
|
2.7
|
|
(2,293)
|
|
-
|
Basic Earnings Per Share
|
0.02
|
|
0.51
|
|
|
|
0.36
|
|
|
|
0.02
|
|
0.51
|
|
|
|
(0.06)
|
|
|
Basic Earnings Per ADS
(3)
|
0.16
|
5.09
|
|
|
3.60
|
|
|
0.16
|
5.09
|
|
|
(0.59)
|
|
|
Weighted-Average Shares Outstanding ('M)
|
|
|
9,624
|
|
|
|
9,624
|
|
|
|
|
|
9,624
|
|
|
|
9,624
|
|
|
Note: (1) Unaudited, prepared
by AUO based on Taiwan IFRS
|
(2)
|
Amounts
in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.27
per USD as of September 30, 2016
|
|
(3)
|
1
ADS equals 10 common shares
|
AU OPTRONICS CORP.
CONSOLIDATED BALANCE
SHEET
September 30, 2016
and 2015
(Expressed in Millions
of New Taiwan Dollars (NTD) and US Dollars (USD)
|
|
September 30, 2016
|
|
|
September 30, 2015
|
|
YoY
|
|
ASSETS
|
USD
|
|
NTD
|
%
|
|
NTD
|
%
|
|
NTD
|
%
|
Cash and Cash Equivalents
|
|
2,368
|
74,053
|
17.6
|
76,915
|
17.1
|
(2,862)
|
(3.7)
|
Notes & Accounts Receivables
|
1,386
|
43,339
|
10.3
|
43,874
|
9.7
|
(536)
|
(1.2)
|
Other Current Financial Assets
|
31
|
964
|
0.2
|
16,848
|
3.7
|
(15,883)
|
(94.3)
|
Inventories
|
864
|
27,013
|
6.4
|
38,099
|
8.5
|
(11,085)
|
(29.1)
|
Other Current Assets
|
210
|
|
6,568
|
1.6
|
|
5,102
|
1.1
|
|
1,466
|
28.7
|
Total Current Assets
|
4,859
|
|
151,938
|
36.2
|
|
180,838
|
40.2
|
|
(28,900)
|
(16.0)
|
Long-term Investments
|
253
|
|
7,902
|
1.9
|
|
14,159
|
3.1
|
|
(6,257)
|
(44.2)
|
Net Fixed Assets
|
6,818
|
|
213,187
|
50.8
|
|
216,670
|
48.1
|
|
(3,484)
|
(1.6)
|
Other Assets
|
1,491
|
|
46,623
|
11.1
|
|
38,501
|
8.6
|
|
8,122
|
21.1
|
Total Assets
|
13,420
|
|
419,650
|
100.0
|
|
450,168
|
100.0
|
|
(30,518)
|
(6.8)
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
Short-term Borrowings
|
|
45
|
1,393
|
0.3
|
1,836
|
0.4
|
(443)
|
(24.2)
|
Accounts Payable
|
1,893
|
59,187
|
14.1
|
66,385
|
14.7
|
(7,198)
|
(10.8)
|
Current Installments of Long-term Borrowings
|
791
|
24,742
|
5.9
|
48,691
|
10.8
|
(23,949)
|
(49.2)
|
Current Installments of Bonds Payable
|
0
|
0
|
0.0
|
566
|
0.1
|
(566)
|
(100.0)
|
Current Financial Liabilities
|
1
|
29
|
0.0
|
320
|
0.1
|
(291)
|
(90.9)
|
Accrued Expense & Other Current Liabilities
|
780
|
24,393
|
5.8
|
32,263
|
7.2
|
(7,870)
|
(24.4)
|
Machinery and Equipment Payable
|
289
|
|
9,034
|
2.2
|
|
5,936
|
1.3
|
|
3,099
|
52.2
|
Total Current Liabilities
|
3,798
|
|
118,779
|
28.3
|
|
155,997
|
34.7
|
|
(37,219)
|
(23.9)
|
Long-term Borrowings
|
3,237
|
101,218
|
24.1
|
68,008
|
15.1
|
33,210
|
48.8
|
Non Current Financial Liabilities
|
0
|
5
|
0.0
|
11
|
0.0
|
(5)
|
(48.8)
|
Other Long-term Liabilities
|
235
|
|
7,339
|
1.7
|
|
12,046
|
2.7
|
|
(4,707)
|
(39.1)
|
Total Long-term Liabilities
|
3,472
|
|
108,562
|
25.9
|
|
80,064
|
17.8
|
|
28,498
|
35.6
|
Total Liabilities
|
7,270
|
227,340
|
54.2
|
236,062
|
52.4
|
(8,721)
|
(3.7)
|
|
|
|
|
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
|
|
|
|
|
Common Stock
|
|
3,078
|
96,242
|
22.9
|
96,242
|
21.4
|
0
|
0.0
|
Capital Surplus
|
1,918
|
59,976
|
14.3
|
60,098
|
13.4
|
(122)
|
(0.2)
|
Retained Earnings
|
494
|
15,459
|
3.7
|
28,815
|
6.4
|
(13,356)
|
(46.4)
|
Other Equity
|
46
|
1,423
|
0.3
|
5,725
|
1.3
|
(4,302)
|
(75.1)
|
Non-Controlling Interests
|
614
|
|
19,209
|
4.6
|
|
23,226
|
5.2
|
|
(4,017)
|
(17.3)
|
Total Equity
|
6,150
|
|
192,309
|
45.8
|
214,107
|
47.6
|
(21,797)
|
(10.2)
|
Total Liabilities & Equity
|
13,420
|
|
419,650
|
100.0
|
|
450,168
|
100.0
|
|
(30,518)
|
(6.8)
|
Note: (1) Unaudited, prepared
by AUO based on Taiwan IFRS
|
(2)
|
Amounts
in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.27
per USD as of September 30, 2016
|
|
(3)
|
Cash
and Cash Equivalents excluding time deposit with maturity longer than 3 months
|
AU OPTRONICS CORP.
CONSOLIDATED STATEMENT
OF CASH FLOW
For the Period
Ended September 30, 2016 and 2015
(Expressed in Millions
of New Taiwan Dollars (NTD) and US Dollars (USD)
|
Nine Months 2016
|
|
Nine Months 2015
|
|
USD
|
|
NTD
|
|
NTD
|
Cash Flow from Operating Activities:
|
|
|
|
|
|
Profit(Loss) before Income Taxes
|
(3)
|
(106)
|
15,629
|
Depreciation & Amortization
|
941
|
29,415
|
37,204
|
Share of Profit of Equity-Accounted Investees
|
(7)
|
(222)
|
(433)
|
Changes in Working Capital
|
(280)
|
(8,758)
|
(16,537)
|
Changes in Others
|
(49)
|
|
(1,543)
|
|
822
|
Net Cash Provided(Used) by Operating Activities
|
601
|
|
18,786
|
|
36,685
|
|
|
|
|
|
|
Cash Flow from Investing Activities:
|
|
|
|
|
|
Proceeds from Disposal of AFS Investments
|
0
|
10
|
0
|
Acquisition of Property, Plant and Equipment
|
(1,211)
|
(37,883)
|
(19,504)
|
Proceeds from Disposal of Property, Plant and Equipment
|
24
|
741
|
869
|
Acquisition of Equity-Accounted Investees and Financial Assets Carried at Cost
|
(10)
|
(307)
|
(1)
|
Proceeds from Disposal of Equity-Accounted Investees and Financial Assets Carried at Cost
|
114
|
3,577
|
97
|
Decrease(Increase) in Other Financial Assets
|
(1)
|
(19)
|
148
|
Decrease(Increase) in Intangible Assets
|
(6)
|
(187)
|
(301)
|
Decrease(Increase) in Other Assets
|
(1)
|
|
(22)
|
|
(4)
|
Net Cash Provided(Used) in Investing Activities
|
(1,090)
|
|
(34,089)
|
|
(18,696)
|
|
|
|
|
|
|
Cash Flow from Financing Activities:
|
|
|
|
|
|
Increase(Decrease) in Short-term Borrowings
|
(6)
|
(201)
|
1,455
|
Increase(Decrease) in Long-term Borrowings and Bonds Payable
|
588
|
18,391
|
(26,137)
|
Increase(Decrease) in Guarantee Deposits
|
(1)
|
(28)
|
31
|
Cash Dividends
|
(108)
|
(3,368)
|
(4,812)
|
Changes in Non-Controlling Interests and Others
|
(86)
|
|
(2,689)
|
|
5,299
|
Net Cash Provided(Used) by Financing Activities
|
387
|
12,105
|
(24,165)
|
|
|
|
|
|
|
Effect of Exchange Rate Changes on Cash
|
(52)
|
|
(1,629)
|
|
1,125
|
Net Increase (Decrease) in Cash and Cash Equivalents
|
(154)
|
(4,827)
|
(5,050)
|
Cash and Cash Equivalents at Beginning of Period
|
2,523
|
|
78,881
|
|
81,965
|
Cash and Cash Equivalents at End of Period
|
2,368
|
|
74,053
|
|
76,915
|
Note: (1) Unaudited, prepared
by AUO based on Taiwan IFRS
|
(2)
|
Amounts in New Taiwan
dollars were translated into US dollars at the exchange rate of NTD 31.27 per USD as of September 30, 2016
|