TowerJazz Reports Increase in Revenue, EBITDA and Net Profit for the First Quarter of 2016
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | |
Three months | |
Three months | |
Three months | | | | |
ended | |
ended | |
ended | | | | |
March 31, | |
December 31, | |
March 31, | | | | | |
2016 | | | |
2015 | | | |
2015 | | | | | | | | | | | |
Cash and short term deposits at beginning of the period |
$ | |
205,575 | |
$ | |
155,348 | |
$ | |
187,167 | | | | | | | | | | | | |
Cash from operations | | |
77,442 | | | |
53,180 | | | |
40,290 | | | |
Investments in property and equipment, net | | |
(57,533 |
) | | |
(58,291 |
) | | |
(27,944 |
) | | |
Exercise of warrants and options, net | | |
5,881 | | | |
4,168 | | | |
6,471 | | | |
Loans received | | |
17,000 | | | |
70,592 | | |
|
-- | | | |
Debt repayment - principal | | |
(10,254 |
) | | |
(18,006 |
) | | |
(46,683 |
) | | |
Nishiwaki's employees retirement related payments | |
|
-- | | | |
-- | | | |
(24,907 |
) | | |
Effect of foreign exchange rate change | | |
9,029 | | | |
154 | | | |
(178 |
) | | |
TPSCo dividend to Panasonic | | |
(2,563 |
) | | |
(1,570 |
) | | |
-- | | | | | | | | | | | |
Cash and short term deposits at end of the period |
$ | |
244,577 | |
$ | |
205,575 | |
$ | |
134,216 | | | | | | | | | | |
|
