Tower Semiconductor Reports 2022 Fourth Quarter and Full Year Financial Results
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | | |
RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) | | |
(dollars in thousands) | | | |
Three months ended | | | |
December 31, | | |
September 30, | |
December 31, | | |
2022 | | |
2022 | |
2021 | |
GAAP OPERATING PROFIT |
$ |
98,732 | | |
$ |
79,208 | |
$ |
55,863 | |
Depreciation |
69,456 | | |
67,343 | |
64,692 | |
Stock based compensation |
6,431 | | |
6,526 | |
8,815 | |
Amortization of acquired intangible assets |
510 | | |
509 | |
506 | |
Restructuring and impairment cost (income, net) |
(13,592 |
) | |
4,033 | |
-- | |
EBITDA |
$ |
161,537 | | |
$ |
157,619 | |
$ |
129,876 | | |
Year ended | | | | | |
December 31, | | |
December 31, | | | | |
2022 | | |
2021 | | | |
GAAP OPERATING PROFIT |
$ |
311,674 | | |
$ |
166,511 | | | |
Depreciation |
262,053 | | |
242,811 | | | |
Stock based compensation |
24,215 | | |
25,144 | | | |
Amortization of acquired intangible assets |
2,033 | | |
1,993 | | | |
Restructuring and impairment income, net |
(9,559 |
) | |
-- | | | |
EBITDA |
$ |
590,416 | | |
$ |
436,459 | | | | | | | | | | |
|
