TowerJazz Reports Best Results in the History of the Company
| | | |
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | | |
CONSOLIDATED SOURCES AND USES REPORT | | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | | |
December 31, | |
September 30, | |
December 31, | | | | | |
2016 | | |
2016 | | |
2015 | | | | | | | | | | | | | |
Cash and short term deposits - beginning of period |
$ |
362,833 | |
$ |
311,062 | |
$ |
155,348 | | | | | | | | | | | | | | |
Cash from operations | |
81,835 | | |
86,410 | | |
53,180 | | | | |
Investments in property and equipment, net | |
(42,929 |
) | |
(54,947 |
) | |
(58,291 |
) | | | |
Exercise of warrants and options, net | |
10,644 | | |
21,918 | | |
4,168 | | | | |
Debt received (repaid), net | |
(5,653 |
) | |
8,554 | | |
52,586 | | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(17,353 |
) | |
2,336 | | |
154 | | | | |
TPSCo dividend to Panasonic | |
--
| | |
--
| | |
(1,570 |
) | | | |
Long term deposits and investments | |
--
| | |
(12,500 |
) | |
--
| | | | | | | | | | | | | |
Cash and short term deposits - end of period |
$ |
389,377 | |
$ |
362,833 | |
$ |
205,575 | | | | | | | | | | | | | | | | | | | | | | | | | | |
Year ended | | | | | | | |
December 31, | |
December 31, | | | | | | | |
2016 | | |
2015 | | | | | | | | | | | | | | | |
Cash and short term deposits - beginning of period |
$ |
205,575 | |
$ |
187,167 | | | | | | | | | | | | | | | | |
Cash from operations | |
327,468 | | |
195,213 | | | | | | |
Investments in property and equipment, net | |
(209,624 |
) | |
(165,489 |
) | | | | | |
Exercise of warrants and options, net | |
38,803 | | |
14,424 | | | | | | |
Debt received
, net of repayment | |
37,091 | | |
903 | | | | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
5,635 | | |
(166 |
) | | | | | |
TPSCo dividend to Panasonic | |
(2,563 |
) | |
(1,570 |
) | | | | | |
Long term deposits and investments
| |
(13,008 |
) | |
--
| | | | | | |
Nishiwaki employees retirement related payments in connection with its operation cessation |
--
| | |
(24,907 |
) | | | | | | | | | | | | | | |
Cash and short term deposits - end of period |
$ |
389,377 | |
$ |
205,575 | | | | | | | | | | | | | | |
|
