TowerJazz Announces Records in Revenues, Margins, EBITDA and

TowerJazz Announces Records in Revenues, Margins, EBITDA and Free Cash Flow for the Second Quarter and First Half of 2017

| More IC News

TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES

UNAUDITED RECONCILIATION OF CERTAIN FINANCIAL DATA

(dollars and share count in thousands, except per share data)

T h r e e m o n t h s e n d e d

June 30,

March 31,

June 30,

2017

201 6

RECONCILIATION FROM GAAP NET PROFIT TO ADJUSTED NET PROFIT:

GAAP NET PROFIT

50,017

45,509

38,486

Stock based compensation

2,319

2,098

2,532

Amortization of acquired intangible assets

2,246

2,336

2,395

Financing cost resulted from banks loans early repayment

6,653

Gain from San Antonio acquisition, net

(10,158

)

ADJUSTED NET PROFIT

54,582

49,943

39,908

ADJUSTED NET PROFIT PER SHARE :

Basic

0.57

0.53

0.46

Diluted

0.54

0.50

0.42

Fully diluted, see (c) below

0.53

0.49

0.39

ADJUSTED NET PROFIT USED TO CALCULATE PER SHARE DATA:

Basic

54,582

49,943

39,908

Diluted

56,782

52,100

41,978

Fully diluted

56,782

52,100

41,978

NUMBER OF SHARES AND OTHER SECURITIES USED TO CALCULATE PER SHARE DATA:

Basic

96,365

93,900

86,300

Diluted

105,648

104,915

100,163

Fully diluted, see (c) below

107,375

107,245

107,056

EBITDA CALCULATION:

GAAP OPERATING PROFIT

57,391

52,763

40,178

Cost of revenue:

Depreciation of fixed assets

46,360

43,819

41,910

Stock based compensation

587

678

1,160

Amortization of acquired intangible assets

2,058

2,148

2,207

Research and development:

Stock based compensation

576

539

533

Marketing, general and administrative:

Stock based compensation

1,156

881

839

Amortization of acquired intangible assets

188

EBITDA

108,316

101,016

87,015

(c)

Fully diluted share count as of June 30, 2017 presented above includes all issued and outstanding securities; outstanding ordinary share count as of June 30, 2017 is 97,893 thousands.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 Next Page »