TowerJazz Announces Second Quarter 2019 Results with Strong Organic Growth and Guides Third Quarter Revenue Increase with Continued Organic Growth
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES |
|
RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) |
|
(dollars in thousands) |
| | | | | | | | | |
| | |
Three
months
ended |
| | |
June 30, | | |
March 31,
| | |
June 30, |
| | |
2019 | | |
2019 | | |
2018 |
| | | | | | | | | |
|
GAAP OPERATING PROFIT
|
$ |
17,757 | |
$ |
27,342 | |
$ |
44,240 |
|
Depreciation of fixed assets
| |
47,966 | | |
46,041 | | |
46,978 |
|
Stock based compensation | |
3,884 | | |
3,823 | | |
2,678 |
|
Amortization of acquired intangible assets | |
494 | | |
1,641 | | |
1,652 |
| | | | | | | | | |
|
EBITDA |
$ |
70,101 | |
$ |
78,847 | |
$ |
95,548 |
| | | | | | | | | |
