TowerJazz Reports Increase in Net Profit
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORTS (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | |
T h r e e
m o n t h s
e n d e d | | | | |
September 30, | | |
September 30, | |
June 30, | | | | |
2017 | | | |
2016 | | |
2017 | | | | | | | | | | | | |
Cash and short-term deposits - beginning of period |
$ |
483,603 | | |
$ |
311,062 | |
$ |
432,113 | | | | | | | | | | | | | |
Cash from operations | |
103,916 | |
(b) | |
86,410 | | |
84,294 | | | |
Investments in property and equipment, net | |
(41,708 |
) | | |
(54,896 |
) | |
(41,312 |
) | | |
Exercise of warrants and options, net | |
1,027 | | | |
21,918 | | |
14,254 | | | |
Debt received (repaid), net | |
(15,932 |
) | | |
8,554 | | |
(5,655 |
) | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(630 |
) | | |
2,336 | | |
(91 |
) | | |
Long-term deposits and other investments, including marketable securities |
(49,869 |
) | | |
(12,551 |
) | |
--
| | | | | | | | | | | | |
Cash and short-term deposits - end of period |
$ |
480,407 | | |
$ |
362,833 | |
$ |
483,603 | | | | | | | | | | | | |
Free Cash Flow |
$ |
62,208 | |
(b) |
$ |
31,463 | |
$ |
42,982 | | | | | | | | | | | | |
(b) |
Cash from operations and free cash flow for the three months ended September 30, 2017 included $18,000 received from Tacoma as announced on August 21, 2017. | | | | | | | | | | |
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