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Au Optronics Corp (AUO) SEC Filing 6-K Foreign Issuer report for the period ending Thursday, July 25, 2019

Au Optronics Corp

CIK: 1172494 Ticker: AUO

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

July 25, 2019

 

Commission File Number 001-31335
 
  AU Optronics Corp.
  (Translation of registrant’s name into English)
   
  No. 1 Li-Hsin Road 2
  Hsinchu Science Park
  Hsinchu, Taiwan
  (Address of principal executive offices)
     

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F  X       Form 40-F ___

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

____

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized

 

(the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

  Yes .....       No ..X...

 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

Not applicable

 

INDEX TO EXHIBITS

 

Item

 

1.Taiwan Stock Exchange filing entitled, “AU Optronics Corp. reports Second Quarter 2019 Financial Results in an investor conference”, dated July 25, 2019.

 

2.Taiwan Stock Exchange filing entitled, “AU Optronics Corp. Second Quarter 2019 Results”, dated July 25, 2019

 

 

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: July 25, 2019 By:    /s/ Benjamin Tseng
    Name:   Benjamin Tseng
    Title: Chief Financial Officer

 

 

 

Item 1

 

 

 

News Release

  

AU Optronics Reports Second Quarter 2019 Financial Results

 

Issued by: AU Optronics Corp.
Issued on: July 25, 2019

 

Hsinchu, Taiwan, July 25, 2019–

 

AU Optronics Corp. ("AUO" or the "Company") (TSE: 2409; NYSE: AUO) today held its investor conference and announced its consolidated financial results for the second quarter of 2019(1).

 

Consolidated revenues for the second quarter of 2019 were NT$70.07 billion, up by 5.0% quarter-over-quarter. AUO’s net loss attributable to owners of the Company for the second quarter of 2019 was NT$2.68 billion, with a basic EPS(2) of -NT$0.28.

 

In the second quarter of 2019, large-sized panel(3) shipments totaled around 27.17 million units, up by 5.0% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter were around 33.01 million units, up by 32.2% quarter-over-quarter.

 

Highlights of consolidated results for the second quarter of 2019

 

ŸRevenues of NT$70.07 billion
ŸOperating loss of NT$3.42 billion
ŸNet loss attributable to owners of the Company at NT$2.68 billion
ŸBasic EPS(2) was -NT$0.28
ŸGross margin was 2.8%
ŸOperating margin was -4.9%
ŸEBITDA(4) margin was 8.1%
ŸOperating margin of Display Segment was -4.8%
ŸEBITDA(4) margin of Display Segment was 8.4%

 

Looking back to the second quarter, while industry supply demand remained unbalanced, the Company’s financial results were less than ideal. But with the Company’s active adjustments of its product mix and improvement on the production efficiency, the quarterly revenues had increased by 5.0% from the previous quarter, and the extent of loss had also became narrower comparing to the previous quarter. In terms of the

 

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financial structure of the Company, inventory turnover days were 36 days and net debt to equity ratio was 13.6%. Both metrics were kept at a healthy level.

 

Looking into the third quarter, the high seasonal demand seems unclear due to the macroeconomic uncertainties. Under these circumstances, the Company will monitor the market and prepare to be ready to satisfy customer demand. Facing the industry headwind, the Company will keep focusing on increasing its revenue share in high value-added and non-commodity products. In addition, the Company will continue to promote hardware and software integrated services and field economy in order to strengthen its competitiveness and achieve operational stability.

 

(1)All financial information was prepared by the Company in accordance with Taiwan IFRS.

 

(2)Basic EPS in the second quarter of 2019 were calculated based on the weighted average outstanding shares of the reporting quarter (9,624 million shares).

 

(3)Large size refers to panels that are 10 inches and above.

 

(4)EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.

 

###

 

ABOUT AU OPTRONICS

AU Optronics Corp. (AUO) is one of the world’s leading providers of optoelectronic solutions. Based on its profound R&D and manufacturing experience, AUO offers a full range of display applications and smart solutions integrating software and hardware, and leverages its core expertise to enter new business areas such as solar, general health and circular economy. 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 since 2010. AUO’s consolidated net revenues in 2018 were NT$307.63 billion. For more information, please visit AUO.com.

 

Safe Harbour Notice

AU Optronics Corp. (“AUO” or the “Company”) (TSE: 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 include “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are 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 flat panel display industry, the TFT-LCD market, 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 Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on March 29, 2019. In addition, our SEC reports, including our Annual Report on Form 20-F contains other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. We undertake no obligation to update or

 

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revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

 

For more information, please contact:

 

Public Communication Dept.

 

Jessie Lee Tel: +886-3-5008800 ext 3206 Email : jessie.jc.lee@auo.com
Jenny Yeh Tel: +886-3-5008800 ext 6536 Email : jenny.yeh@auo.com

 

 

 

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Item 2 

 

 

 

 

 

 

 

AU Optronics Corp.

Second Quarter 2019 Results

Investor Conference

 

Jul. 25, 2019

 

 

 

 

 

 

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                            
  2Q19     1Q19       QoQ %     2Q18      
Net Sales 70,065 100.0% 66,705 100.0%   5.0%   75,054 100.0%    
Cost of Goods Sold (68,082) (97.2%) (66,461) (99.6%)   2.4%   (67,780) (90.3%)    
Gross Profit 1,983 2.8% 244 0.4%   714.3%   7,274 9.7%    
Operating Expenses (5,403) (7.7%) (5,344) (8.0%)   1.1%   (5,174) (6.9%)    
Operating Profit(Loss) (3,420) (4.9%) (5,100) (7.6%)   (32.9%)   2,100 2.8%    
Net Non-operating Income(Expenses) 1,136 1.6% 198 0.3%   474.2%   145 0.2%    
Profit(Loss) before Tax (2,284) (3.3%) (4,902) (7.3%)   (53.4%)   2,244 3.0%    
Net Profit(Loss) (2,828) (4.0%) (4,893) (7.3%)   (42.2%)   40 0.1%    
Net Profit Attributable to Owners of Company (2,682) (3.8%) (3,688) (5.5%)   (27.3%)   1,252 1.7%    
Basic EPS (NT$)(a ) (0.28)   (0.38)     (26.3%)   0.13      
                         
                   
Operating Profit + D&A 5,641 8.1% 4,049 6.1% 39.3% 10,163 13.5%    
                         
                             
Display Segment Information:                            
Net Sales 66,960 100.0% 63,549 100.0% 5.4% 69,457 100.0%    
Operating Profit(Loss) (3,206) (4.8%) (4,838) (7.6%) (33.7%) 2,519 3.6%    
Operating Profit + D&A 5,598 8.4% 4,047 6.4% 38.3% 10,260 14.8%    
                             
Unit Shipments (mn)(b )                            
Large Size Panels 27.2   25.9   5.0% 28.0      
Small & Medium Size Panels 33.0   25.0   32.2% 45.3      

 

a)Basic EPS in 2Q19 and 1Q19 were calculated based on the weighted average outstanding shares of the first half of 2019 (9,624m shares); Basic EPS in 2Q18 was calculated based on the weighted average outstanding shares of 2018 (9,624m shares).

b)       Large size refers to panels that are 10 inches and above

 

 

 

 

 

 

Consolidated Balance Sheet Highlights

 

Amount : NT$ Million                  
  2Q19   1Q19     QoQ %     2Q18    
Cash and Cash Equivalents (a )                      
80,096 68,620   16.7%   82,324    
Inventory 26,614 27,362   (2.7%)   26,164    
Short Term Debt(b ) 8,343 22,322   (62.6%)   29,096    
Long Term Debt 99,717 73,133   36.3%   65,309    
Equity 205,018 213,106   (3.8%)   215,454    
Total Assets 421,792 415,474   1.5%   427,790    
                     
               
Inventory Turnover (Days)(c) 36 37       34      
Net Debt to Equity(d ) 13.6% 12.6%     5.6%      

 

a)Excluding time deposit with maturity longer than 3 months (NT$0m in 2Q19, 1Q19 and 2Q18 )

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 Cash Equivalents) / Equity

 

 

 

 

 

 

Consolidated Cash Flow Highlights

 

Amount : NT$ Million            
  2Q19   1Q19     QoQ
               
From Operating Activities 7,225 (306)   7,531  
Profit(Loss) before Tax (2,284) (4,902)   2,619  
Depreciation & Amortization 9,061 9,150   (89)  
Net Change in Working Capital 1,964 (4,126)   6,090  
From Investing Activities (8,134) (8,223)   89  
Capital Expenditure (7,870) (8,255)   385  
From Financing Activities 12,536 7,619   4,917  
Net Change in Debt 12,701 8,076   4,625  
Net Change in Cash(a ) 11,476 (543)   12,019  
               

 

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

 

 

 

Mobile PC and Device: including displays for notebook, tablet and mobile phones.

Commercial and Others: including displays for automobile, industrial PC, ATM, point of sale (POS), pachinko, medical equipment, and etc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Shipments & ASP by Area

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

www.auo.com

ir@auo.com

 

 

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

For the Three Months Ended June 30, 2019 and 2018 and March 31, 2019

(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      
                                         
      2Q19       2Q18           2Q19       1Q19      
  USD   NTD %   NTD   YoY%   USD   NTD %   NTD   QoQ%  
                                         
Net Sales 2,259 70,065 100.0 75,054 (6.6) 2,259 70,065 100.0 66,705 5.0  
Cost of Goods Sold 2,195 68,082 97.2 67,780 0.4 2,195 68,082 97.2 66,461 2.4  
                                         
Gross Profit 64 1,983 2.8 7,274 (72.7) 64 1,983 2.8 244 714.3  
                                         
Operating Expenses 174 5,403 7.7 5,174 4.4 174 5,403 7.7 5,344 1.1  
                                         
Operating Profit(Loss) (110) (3,420) (4.9) 2,100   (110) (3,420) (4.9) (5,100) (32.9)  
                                         
Net Non-operating Income(Expenses) 37 1,136 1.6 145 684.4 37 1,136 1.6 198 474.2  
                                         
Profit(Loss) before Income Tax (74) (2,284) (3.3) 2,244   (74) (2,284) (3.3) (4,902) (53.4)  
                                         
Income Tax Expense (18) (545) (0.8) (2,205) (75.3) (18) (545) (0.8) 10    
                                         
Net Profit(Loss) (91) (2,828) (4.0) 40   (91) (2,828) (4.0) (4,893) (42.2)  
                                         
Other Comprehensive Income(Loss) (10) (326) (0.5) (832) (60.9) (10) (326) (0.5) 1,064    
                                         
Total Comprehensive Income(Loss) (102) (3,154) (4.5) (793) 297.9 (102) (3,154) (4.5) (3,829) (17.6)  
Net Profit(Loss) Attributable to:                                        
                                       
Owners of Company (87) (2,682) (3.8) 1,252   (87) (2,682) (3.8) (3,688) (27.3)  
Non-Controlling Interests (5) (146) (0.2) (1,212) (88.0) (5) (146) (0.2) (1,205) (87.9)  
                                         
Net Profit(Loss) (91) (2,828) (4.0) 40   (91) (2,828) (4.0) (4,893) (42.2)  
Total Comprehensive Income(Loss) Attributable to:                                        
                                       
Owners of Company (92) (2,854) (4.1) 537   (92) (2,854) (4.1) (2,885) (1.1)  
Non-Controlling Interests (10) (300) (0.4) (1,329) (77.4) (10) (300) (0.4) (944) (68.2)  
                                         
Total Comprehensive Income(Loss) (102) (3,154) (4.5) (793) 297.9 (102) (3,154) (4.5) (3,829) (17.6)  
                                         
Basic Earnings Per Share (0.009) (0.28)     0.13     (0.009) (0.28)     (0.38)      
Basic Earnings Per ADS(2)                                        
(0.090)   (2.79)       1.30     (0.090)   (2.79)       (3.83)      
Weighted-Average Shares Outstanding ('M)   9,624     9,624         9,624     9,624      
                                         

 

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.01 per USD as of June 30, 2019

  (2) 1 ADS equals 10 common shares

 

 

 

 

 

 

 

 

 

AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

For the Period Ended June 30, 2019 and 2018

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)

 

 

      Year over Year Comparison      
                     
      1H 2019       1H 2018      
  USD   NTD %   NTD   YoY%  
                     
Net Sales 4,411 136,770 100.0 149,499 (8.5)  
Cost of Goods Sold 4,339 134,544 98.4 134,084 0.3  
                     
Gross Profit 72 2,226 1.6 15,415 (85.6)  
                     
Operating Expenses 347 10,747 7.9 10,362 3.7  
                     
Operating Profit(Loss) (275) (8,520) (6.2) 5,053    
                     
Net Non-operating Income(Expenses) 43 1,334 1.0 1,336 (0.1)  
                     
Profit(Loss) before Income Tax (232) (7,186) (5.3) 6,389    
                     
Income Tax Expense (17) (535) (0.4) (2,321) (77.0)  
                     
Net Profit(Loss) (249) (7,721) (5.6) 4,067    
                     
Other Comprehensive Income(Loss) 24 738 0.5 180 309.9  
                     
Total Comprehensive Income(Loss) (225) (6,983) (5.1) 4,247    
Net Profit(Loss) Attributable to:                    
                   
Owners of Company (205) (6,370) (4.7) 5,562    
Non-Controlling Interests (44) (1,351) (1.0) (1,494) (9.6)  
                     
Net Profit(Loss) (249) (7,721) (5.6) 4,067    
Total Comprehensive Income(Loss) Attributable to:                    
                   
Owners of Company (185) (5,739) (4.2) 5,600    
Non-Controlling Interests (40) (1,244) (0.9) (1,353) (8.1)  
                     
Total Comprehensive Income(Loss) (225) (6,983) (5.1) 4,247    
                     
Basic Earnings Per Share (0.02) (0.66)     0.58      
Basic Earnings Per ADS(2)                    
(0.21)   (6.62)       5.78      
Weighted-Average Shares Outstanding ('M)   9,624     9,624      
                     

 

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.01 per USD as of June 30, 2019

(2) 1 ADS equals 10 common shares

 

 

 

 

 

 

 

AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Balance Sheets

June 30, 2019 and 2018

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) )

 

 

      June 30, 2019     June 30, 2018   YoY  
ASSETS USD   NTD %   NTD %   NTD %
Cash and Cash Equivalents   2,583 80,096 19.0 82,324 19.2 (2,229) (2.7)
Notes & Accounts Receivables 1,292 40,065 9.5 44,396 10.4 (4,331) (9.8)
Other Current Financial Assets 124 3,832 0.9 1,716 0.4 2,116 123.3
Inventories 858 26,614 6.3 26,164 6.1 449 1.7
Other Current Assets 128   3,978 0.9   6,349 1.5   (2,371) (37.3)
Total Current Assets 4,985   154,584 36.6   160,950 37.6   (6,365) (4.0)
Long-term Investments 429 13,295 3.2 13,772 3.2 (477) (3.5)
Net Fixed Assets 7,010 217,366 51.5 225,165 52.6 (7,799) (3.5)
Right-of-use Assets 410 12,727 3.0 0 0.0 12,727
Other Non-Current Assets 768   23,820 5.6   27,904 6.5   (4,084) (14.6)
Total Non-Current Assets 8,617   267,208 63.4   266,841 62.4   368 0.1
Total Assets 13,602 421,792 100.0 427,790 100.0 (5,998) (1.4)
LIABILITIES                    
Short-term Borrowings   22 679 0.2 2,335 0.5 (1,657) (70.9)
Notes & Accounts Payable 1,741 53,994 12.8 55,651 13.0 (1,658) (3.0)
Current Installments of Long-term Borrowings 247 7,664 1.8 26,761 6.3 (19,097) (71.4)
Current Financial Liabilities 1 45 0.0 296 0.1 (251) (84.9)
Accrued Expense & Other Current Liabilities 945 29,298 6.9 45,541 10.6 (16,244) (35.7)
Machinery and Equipment Payable 247   7,659 1.8   9,243 2.2   (1,584) (17.1)
Total Current Liabilities 3,203   99,338 23.6   139,828 32.7   (40,490) (29.0)
Long-term Borrowings 3,216 99,717 23.6 65,309 15.3 34,407 52.7
Other Non-Current Liabilities 571   17,721 4.2   7,199 1.7   10,522 146.2
Total Non-Current Liabilities 3,787   117,437 27.8   72,508 16.9   44,929 62.0
Total Liabilities 6,990 216,775 51.4 212,336 49.6 4,439 2.1
EQUITY                    
Common Stock   3,104 96,242 22.8 96,242 22.5 0 0.0
Capital Surplus 1,950 60,475 14.3 61,101 14.3 (626) (1.0)
Retained Earnings 1,150 35,664 8.5 42,298 9.9 (6,634) (15.7)
Other Equity (7) (217) (0.1) 242 0.1 (458)
Non-Controlling Interests 414   12,853 3.0   15,572 3.6   (2,718) (17.5)
Total Equity 6,611   205,018 48.6   215,454 50.4   (10,437) (4.8)
Total Liabilities & Equity 13,602   421,792 100.0   427,790 100.0   (5,998) (1.4)

 

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.01 per USD as of June 30, 2019

  (2) Cash and Cash Equivalents excluding time deposit with maturity longer than 3 months

 

 

 

 

 

 

 

 

 

AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Cash Flow Statements

For the Period Ended June 30, 2019 and 2018

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))

 

 

  1H 2019     1H 2018  
               
  USD NTD   NTD  
Cash Flow from Operating Activities:              
             
Profit(Loss) before Income Taxes (232)     (7,186) 6,389  
Depreciation & Amortization 587     18,211 16,525  
Share of Profit of Equity-Accounted Investees (6)     (189) (120)  
Changes in Working Capital (70)     (2,162) (4,073)  
Changes in Others (57)     (1,755) (692)  
               
Net Cash Provided(Used) by Operating Activities 223     6,919 18,028  
Cash Flow from Investing Activities:              
Acquisitions of Financial Assets Measured at Fair Value (65)     (2,001) (4,370)  
Proceeds from Disposal of Financial Assets Measured at Fair Value 54     1,686 59  
Acquisitions of Equity-Accounted Investees 0     0 (635)  
Acquisitions of Property, Plant and Equipment (520)     (16,125) (18,912)  
Proceeds from Disposal of Property, Plant and Equipment 2     53 3,303  
Decrease(Increase) in Other Financial Assets 2     57 15  
Decrease(Increase) in Other Assets (1)     (26) (205)  
Net Cash Increase(Decrease) Resulting from Change in Consolidated Entity 0     0 (565)  
               
Net Cash Provided(Used) in Investing Activities (527)     (16,357) (21,310)  
Cash Flow from Financing Activities:              
Increase(Decrease) in Short-term Borrowings 4     130 (1,146)  
Increase(Decrease) in Long-term Borrowings 666     20,647 (19,022)  
Payment of Lease Liabilities (11)     (349) 0  
Increase(Decrease) in Guarantee Deposits 1     20 (0)  
Changes in Non-Controlling Interests and Others (9)     (292) 0  
               
Net Cash Provided(Used) by Financing Activities 650     20,156 (20,168)  
Effect of Exchange Rate Changes on Cash and Cash Equivalents 7     214 753  
               
Net Increase(Decrease) in Cash and Cash Equivalents 353     10,932 (22,696)  
Cash and Cash Equivalents at Beginning of Period 2,230     69,163 105,021  
               
Cash and Cash Equivalents at End of Period 2,583     80,096 82,324  
               

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.01 per USD as of June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Ticker: AUO
CIK: 1172494
Form Type: 6-K Foreign Issuer Report
Accession Number: 0000950103-19-009666
Submitted to the SEC: Thu Jul 25 2019 9:05:22 AM EST
Accepted by the SEC: Thu Jul 25 2019
Period: Thursday, July 25, 2019
Industry: Semiconductors And Related Devices

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