ChipMOS TECHNOLOGIES INC. (IMOS) Cash Flow Statement
Where IMOS’s cash came from and went, 2025
December 31, 2025 · New Taiwan dollars- Cash from operations
- NT$4.00B −32.6% vs 2024
- Capital expenditures
- NT$3.87B 16.1% of revenue
- Free cash flow
- NT$130.5M 0.5% margin
- Returned to shareholders
- NT$1.83B 1,399% of free cash flow
- Change in cash
- NT$272.3M cash at year-end NT$14.82B
Drawn to scale: where the cash came from and how it was used. Hover for values.
IMOS operating cash flow, capex and free cash flow
IMOS cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | NT$3.55B2016 | NT$4.00B2025 | +1.3%/yr | |
| Capital expenditures | NT$4.47B2016 | NT$3.87B2025 | −1.6%/yr | |
| Free cash flow | −NT$922.8M2016 | NT$130.5M2025 | — | |
| Free cash flow margin | −5.0%2016 | 0.5%2025 | +5.6 pts | |
| Operating cash flow / net income | 2.252016 | 8.042025 | +5.79 | |
| Stock-based compensation | NT$356.5M2016 | NT$37.3M2025 | −22.2%/yr | |
| Dividends paid | NT$1.79B2016 | NT$877.5M2025 | −7.6%/yr | |
| Share buybacks (net) | NT$1.01B2016 | NT$949.0M2025 | −0.7%/yr | |
| Capex / revenue | 24.3%2016 | 16.1%2025 | −8.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IMOS cash flow by activity
IMOS net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
IMOS cash flow statement in New Taiwan dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | NT$497.8M | NT$1.65B | NT$2.27B | NT$4.03B | NT$6.04B | NT$2.97B | NT$3.02B | NT$1.78B | NT$1.52B | NT$1.58B |
| Depreciation & amortization | NT$5.13B | NT$4.86B | NT$4.78B | NT$4.75B | NT$4.63B | NT$4.18B | NT$3.73B | NT$3.38B | NT$2.90B | NT$3.23B |
| Stock-based compensation | NT$37.3M | NT$0 | NT$0 | — | NT$0 | NT$0 | NT$822,000 | NT$41.0M | NT$123.0M | NT$356.5M |
| Change in working capital | −NT$1.73B | NT$200.8M | −NT$7.5M | NT$1.62B | −NT$2.01B | −NT$1.04B | NT$695.8M | −NT$1.20B | NT$553.5M | −NT$1.10B |
| Other non-cash items | NT$64.5M | −NT$763.4M | −NT$432.6M | −NT$1.78B | −NT$1.34B | −NT$173.4M | −NT$7.25B | NT$124.7M | −NT$338.1M | −NT$521.7M |
| Cash from operating activities | NT$4.00B | NT$5.94B | NT$6.61B | NT$8.62B | NT$7.32B | NT$5.94B | NT$200.4M | NT$4.13B | NT$4.75B | NT$3.55B |
| Investing activities | ||||||||||
| Capital expenditures | −NT$3.87B | −NT$5.08B | −NT$3.07B | −NT$4.70B | −NT$5.88B | −NT$3.96B | −NT$5.44B | −NT$4.15B | −NT$4.41B | −NT$4.47B |
| Investments (net) | −NT$2.0M | −NT$615.1M | −NT$3.09B | −NT$5.06B | NT$197.4M | −NT$381,000 | −NT$4.24B | −NT$5.13B | −NT$3.49B | −NT$4.42B |
| Acquisitions & other investing | NT$114.3M | NT$5.08B | NT$3.07B | NT$4.70B | −NT$331.3M | NT$162.1M | NT$5.43B | NT$4.15B | NT$4.65B | NT$4.47B |
| Cash from investing activities | −NT$3.76B | −NT$615.1M | −NT$3.09B | −NT$5.06B | −NT$6.02B | −NT$3.80B | −NT$4.25B | −NT$5.13B | −NT$3.26B | −NT$4.42B |
| Financing activities | ||||||||||
| Dividends paid | −NT$877.5M | −NT$1.31B | −NT$1.67B | −NT$3.13B | −NT$1.60B | −NT$1.31B | −NT$872.7M | −NT$256.8M | −NT$257.0M | −NT$1.79B |
| Share repurchases & issuance (net) | −NT$949.0M | NT$0 | NT$0 | — | — | — | NT$0 | −NT$1.28B | −NT$599.7M | −NT$1.01B |
| Net borrowing (repayment) | NT$1.08B | −NT$1.17B | NT$613.9M | NT$3.54B | NT$2.09B | −NT$1.41B | −NT$804.6M | −NT$859.1M | NT$306.0M | NT$3.21B |
| Shares issued | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 |
| Other financing | NT$135.2M | −NT$49,000 | −NT$365,000 | −NT$25,000 | −NT$45,000 | NT$575,000 | NT$1.62B | −NT$279,000 | −NT$461.3M | −NT$3.63B |
| Cash from financing activities | −NT$609.7M | −NT$2.48B | −NT$1.06B | NT$416.9M | NT$494.4M | −NT$2.72B | −NT$56.1M | −NT$2.40B | −NT$1.01B | −NT$3.22B |
| Summary | ||||||||||
| Net change in cash | NT$272.3M | NT$2.87B | NT$2.46B | NT$3.99B | NT$1.79B | −NT$590.4M | NT$2.1M | −NT$3.39B | NT$464.3M | −NT$4.17B |
| Cash at end of period | NT$14.82B | NT$15.22B | NT$12.35B | NT$9.90B | NT$5.91B | NT$4.11B | NT$157.3M | NT$4.64B | NT$8.04B | NT$7.96B |
| Free cash flow | NT$130.5M | NT$859.4M | NT$3.53B | NT$3.92B | NT$1.44B | NT$1.98B | −NT$5.24B | −NT$24.9M | NT$342.0M | −NT$922.8M |
| Free cash flow margin | 0.5% | 3.8% | 16.5% | 16.7% | 5.2% | 8.6% | −25.8% | −0.1% | 1.9% | −5.0% |
| Capex / revenue | 16.1% | 22.4% | 14.4% | 20.0% | 21.5% | 17.2% | 26.8% | 22.5% | 24.6% | 24.3% |
| Operating cash flow / net income | 8.04 | 3.61 | 2.91 | 2.14 | 1.21 | 2.00 | 0.07 | 2.32 | 3.14 | 2.25 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | NT$891.7M | NT$510.1M | NT$504.4M | NT$352.2M | −NT$533.1M | NT$176.3M | NT$232.2M | NT$9.3M | NT$13.9M | NT$437.8M | NT$482.0M | NT$18.3M |
| Depreciation & amortization | NT$1.22B | NT$1.25B | NT$1.26B | NT$1.27B | NT$1.25B | NT$1.31B | NT$1.27B | NT$1.21B | NT$1.18B | NT$1.18B | NT$1.16B | NT$1.22B |
| Change in working capital | −NT$946.0M | −NT$1.47B | −NT$5.9M | −NT$670.7M | −NT$927.6M | −NT$547.9M | NT$545.6M | NT$5.8M | −NT$16.0M | −NT$101.3M | NT$534.3M | −NT$28.6M |
| Other non-cash items | NT$41.3M | NT$46.0M | NT$135.2M | NT$221.7M | NT$95.1M | NT$111.6M | NT$38.1M | −NT$1.18B | −NT$1.16B | NT$119.1M | NT$36.6M | −NT$1.18B |
| Cash from operating activities | NT$1.20B | NT$330.0M | NT$1.89B | NT$1.17B | −NT$112.7M | NT$1.05B | NT$2.09B | NT$46.1M | NT$21.0M | NT$1.63B | NT$2.21B | NT$30.8M |
| Investing activities | ||||||||||||
| Capital expenditures | −NT$1.90B | −NT$1.40B | −NT$916.5M | −NT$746.5M | −NT$465.6M | −NT$1.71B | −NT$1.36B | −NT$53.5M | −NT$22.4M | −NT$1.24B | −NT$794.3M | −NT$24.2M |
| Investments (net) | — | NT$46.3M | — | −NT$796.6M | — | −NT$301,000 | NT$37.9M | −NT$1.63B | — | — | — | NT$1.1M |
| Acquisitions & other investing | NT$925.8M | −NT$906.0M | NT$154.6M | NT$746.5M | −NT$4.6M | NT$14.0M | NT$1.36B | NT$1.63B | NT$95.8M | −NT$108.1M | −NT$12.0M | −NT$2.0M |
| Cash from investing activities | −NT$974.2M | −NT$2.26B | −NT$761.8M | −NT$796.5M | −NT$470.2M | −NT$1.69B | NT$37.9M | −NT$50.7M | NT$73.5M | −NT$1.35B | −NT$806.3M | −NT$25.1M |
| Financing activities | ||||||||||||
| Dividends paid | — | −NT$7.2M | −NT$7.2M | −NT$872.7M | — | — | NT$0 | −NT$40.6M | — | — | — | −NT$54.2M |
| Share repurchases & issuance (net) | — | −NT$134.7M | −NT$134.7M | −NT$262.8M | −NT$219.6M | −NT$321.7M | — | — | — | — | — | — |
| Net borrowing (repayment) | — | −NT$569.3M | — | — | — | −NT$688.8M | −NT$695.5M | — | — | — | — | NT$373.4M |
| Shares issued | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 | NT$0 |
| Other financing | −NT$63.4M | NT$134.6M | NT$923.0M | NT$69.6M | NT$927.5M | −NT$6,000 | NT$149,000 | NT$17.0M | −NT$16.3M | −NT$481.8M | −NT$354.1M | −NT$361.6M |
| Cash from financing activities | −NT$63.4M | −NT$576.5M | NT$781.2M | −NT$1.07B | NT$707.9M | −NT$1.01B | −NT$695.4M | −NT$23.6M | −NT$16.3M | −NT$481.8M | −NT$354.1M | −NT$42.4M |
| Summary | ||||||||||||
| Net change in cash | NT$165.4M | −NT$2.73B | NT$1.48B | −NT$684.8M | NT$96.3M | −NT$1.65B | NT$1.44B | −NT$16.3M | NT$71.5M | −NT$189.5M | NT$1.04B | −NT$44.3M |
| Cash at end of period | NT$12.55B | NT$12.38B | NT$14.82B | NT$12.98B | NT$13.66B | NT$13.57B | NT$15.22B | NT$435.3M | NT$451.6M | NT$12.16B | NT$12.35B | NT$350.4M |
| Free cash flow | −NT$696.0M | −NT$1.07B | NT$973.3M | NT$423.2M | −NT$578.3M | −NT$660.0M | NT$725.4M | −NT$7.4M | −NT$1.4M | NT$391.3M | NT$1.42B | NT$6.6M |
| Free cash flow margin | −9.4% | −15.4% | 14.6% | 6.9% | −10.1% | −11.9% | 13.4% | −0.1% | −0.0% | 7.2% | 24.7% | 0.1% |
| Capex / revenue | 25.7% | 20.2% | 13.8% | 12.2% | 8.1% | 30.9% | 25.2% | 0.9% | 0.4% | 22.9% | 13.9% | 0.4% |
| Operating cash flow / net income | 1.35 | 0.65 | 3.75 | 3.32 | — | 5.95 | 8.99 | 4.98 | 1.51 | 3.73 | 4.59 | 1.68 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in New Taiwan dollars as reported; data from EODHD.
IMOS cash generation
In fiscal 2025 (ended December 31, 2025), ChipMOS TECHNOLOGIES INC. generated NT$4.0 billion of cash from operations (down 32.6%) and spent NT$3.9 billion on capital expenditures, leaving free cash flow of NT$130.5 million, 0.5% of revenue. It returned NT$1.8 billion to shareholders through dividends (NT$877.5 million) and net share buybacks (NT$949.0 million). Cash and equivalents rose by NT$272.3 million over the year.
Related: IMOS income statement, IMOS balance sheet, IMOS dividend history. See the IMOS stock overview for the latest quote and news.
IMOS cash flow FAQ
What is ChipMOS TECHNOLOGIES INC.'s free cash flow?
ChipMOS TECHNOLOGIES INC.'s free cash flow was NT$130.5 million in fiscal 2025: NT$4.0 billion of operating cash flow minus NT$3.9 billion of capital expenditures It was NT$859.4 million a year earlier..
How much cash does ChipMOS TECHNOLOGIES INC. generate from operations?
ChipMOS TECHNOLOGIES INC. generated NT$4.0 billion of cash from operating activities in fiscal 2025, 8.04 times its net income of NT$497.8 million.
How much does ChipMOS TECHNOLOGIES INC. spend on capital expenditures?
ChipMOS TECHNOLOGIES INC. spent NT$3.9 billion on capital expenditures in fiscal 2025, 16.1% of revenue, compared with NT$5.1 billion the year before.
How much stock does ChipMOS TECHNOLOGIES INC. buy back?
ChipMOS TECHNOLOGIES INC. spent NT$949.0 million on net share repurchases in fiscal 2025.
How much does ChipMOS TECHNOLOGIES INC. pay in dividends?
ChipMOS TECHNOLOGIES INC. paid NT$877.5 million in dividends in fiscal 2025, 672.3% of free cash flow.