TowerJazz Announces Records in Revenues, Margins, EBITDA and Free Cash Flow for the Second Quarter and First Half of 2017
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six months ended | |
T h r e e
m o n t h s
e n d e d | | | |
June 30, | |
June 30, | |
June 30, | |
March 31, | |
June 30, | | | |
2017 | |
2016 | |
2017 | |
2017 | |
2016 | | | | | | | | | | | | | |
Cash and short-term deposits - beginning of period |
$ |
389,377 | |
$ |
205,575 | |
$ |
432,113 | |
$ |
389,377 | |
$ |
244,577 | | | | | | | | | | | | | | |
Cash from operations | |
166,434 | | |
159,223 | | |
84,294 | | |
82,140 | | |
81,781 | | |
Investments in property and equipment, net | |
(81,660 |
) | |
(111,856 |
) | |
(41,312 |
) | |
(40,348 |
) | |
(54,323 |
) | |
Exercise of warrants and options, net | |
27,010 | | |
6,241 | | |
14,254 | | |
12,756 | | |
360 | | |
Debt received (repaid), net | |
(17,460 |
) | |
34,190 | | |
(5,655 |
) | |
(11,805 |
) | |
27,444 | | |
Effect of Japanese Yen exchange rate change over cash balance |
4,280 | | |
20,252 | | |
(91 |
) | |
4,371 | | |
11,223 | | |
TPSCo dividend to Panasonic | |
(4,378 |
) | |
(2,563 |
) | |
--
| | |
(4,378 |
) | |
--
| | | | | | | | | | | | | | |
Cash and short-term deposits - end of period |
$ |
483,603 | |
$ |
311,062 | |
$ |
483,603 | |
$ |
432,113 | |
$ |
311,062 | | | | | | | | | | | | | | |
Free Cash Flow |
$ |
84,774 | |
$ |
47,367 | |
$ |
42,982 | |
$ |
41,792 | |
$ |
27,458 | |
|
