ASE Technology Holding Co., Ltd. cash flow statement

In fiscal 2025, ASE Technology Holding Co., Ltd.'s operations generated $4.57bn of cash; it spent $5.29bn on capital projects, leaving free cash flow of −$720m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

ASE Technology Holding Co., Ltd.: cash flow statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	1,814	1,618	1,560	1,696	2,340	2,549	2,926	3,733	3,675	2,828	4,572
Depreciation and amortisation	930	915	961	1,418	1,633	1,741	1,952	1,865	1,866	1,863	2,168
Stock-based pay	—	—	—	7	28	32	25	33	24	68	80
Capital spending	954	829	813	1,374	1,838	2,108	2,538	2,443	1,739	2,477	5,292
Free cash flow	859	788	748	322	501	441	388	1,290	1,935	351	−720
Free cash flow after stock pay	—	—	—	315	473	409	363	1,257	1,912	283	−800
Share buybacks	168	—	—	2	—	—	198	7	0	0	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from ASE Technology Holding Co., Ltd.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to ASE Technology Holding Co., Ltd.