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 | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | |
Three
months
ended | | | |
June 30, | | |
March 31, | | |
June 30, | | | |
2019 | | |
2019 | | |
2018 | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
408,098 | | |
$ |
385,091 | | |
$ |
464,661 | | | | | | | | | | | | |
Net cash provided by operating activities | |
72,156 | | | |
74,868 | | | |
76,929 | | |
Investments in property and equipment, net | |
(43,727 |
) | | |
(41,718 |
) | | |
(40,148 |
) | |
Exercise of options, net | |
--
| | | |
397 | | | |
26 | | |
Debt received (repaid), net | |
(7,475 |
) | | |
(3,074 |
) | | |
3,809 | | |
Effect of Japanese Yen exchange rate change over cash balance | |
3,205 | | | |
(740 |
) | | |
(2,909 |
) | |
Investments in short-term deposits, marketable securities and other assets, n
et |
(27,099 |
) | | |
(6,726 |
) | | |
(15,488 |
) | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
405,158 | | |
$ |
408,098 | | |
$ |
486,880 | | | | | | | | | | | | |
FREE CASH FLOW |
$ |
28,429 | | |
$ |
33,150 | | |
$ |
36,781 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six
months
ended | | | | | | |
June 30, | | |
June 30, | | | | | | |
2019 | | |
2018 | | | | | | | | | | | | | | |
CASH AND SHORT-TERM DEPOSITS - BEGINNING OF PERIOD |
$ |
385,091 | | |
$ |
445,961 | | | | | | | | | | | | | | | |
Net cash provided by operating activities | |
147,024 | | | |
151,930 | | | | | |
Investments in property and equipment, net | |
(85,445 |
) | | |
(80,195 |
) | | | | |
Exercise of warrants and options, net | |
397 | | | |
684 | | | | | |
Debt repaid, net | |
(10,549 |
) | | |
(2,847 |
) | | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
2,465 | | | |
1,798 | | | | | |
Investments in short-term deposits, marketable securities and other assets, n
et |
(33,825 |
) | | |
(30,451 |
) | | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
405,158 | | |
$ |
486,880 | | | | | | | | | | | | | | | |
FREE CASH FLOW |
$ |
61,579 | | |
$ |
71,735 | | | | | | | | | | | | | | |
|
