Tower Semiconductor Reports 2024 Second Quarter Financial Results
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES |
|
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) |
|
(dollars in thousands) |
| |
Three months ended |
| |
June 30, | |
March 31, | |
June 30, |
| |
2024 | |
2024 | |
2023 |
|
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
260,497 | | |
$ |
260,664 | | |
$ |
304,934 | |
|
Net cash provided by operating activities | |
113,085 | | | |
110,038 | | | |
75,494 | |
|
Investments in property and equipment, net | |
(112,615 |
) | | |
(98,018 |
) | | |
(89,433 |
) |
|
Debt repayment | |
(10,439 |
) | | |
(8,409 |
) | | |
(10,093 |
) |
|
Effect of Japanese Yen exchange rate change over cash balance | |
(2,658 |
) | | |
(2,665 |
) | | |
(5,322 |
) |
|
Deposits and marketable securities, net | |
17,443 | | | |
(1,113 |
) | | |
42,615 | |
|
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
265,313 | | |
$ |
260,497 | | |
$ |
318,195 | |
| | | | | | |
