TowerJazz Reports Results for the First Quarter of 2018 and Second Quarter Guidance Growth
| | |
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | |
Three
months
ended | | | | |
March 31, | | |
December 31, | | |
March 31, | | | | |
2018
| | |
2017
| | |
2017
| | | | | | | | | | | | |
Cash, cash equivalents
and short-term deposits - beginning of period |
$ |
445,961 | | |
$ |
480,407 | | |
$ |
389,377 | | | | | | | | | | | | | | |
Cash from operations | |
75,001 | | | |
85,285 | | | |
82,140 | | | |
Investments in property and equipment, net | |
(40,047 |
) | | |
(41,349 |
) | | |
(40,348 |
) | | |
Exercise of warrants and options, net | |
658 | | | |
3,278 | | | |
12,756 | | | |
Debt repaid | |
(6,656 |
) | | |
(16,863 |
) | | |
(11,805 |
) | | |
Effect of Japanese Yen exchange rate change over cash balance | |
4,707 | | | |
70 | | | |
4,371 | | | |
TPSCo dividend to Panasonic | |
--
| | | |
--
| | | |
(4,378 |
) | | |
Investments in marketable securities and others, net | |
(14,963 |
) | | |
(64,867 |
) | | |
--
| | | | | | | | | | | | | |
Cash, cash equivalents and short-term deposits - end of period |
$ |
464,661 | | |
$ |
445,961 | | |
$ |
432,113 | | | | | | | | | | | | | |
Free Cash Flow |
$ |
34,954 | | |
$ |
43,936 | | |
$ |
41,792 | | | | | | | | | | | | |
|
