Tower Semiconductor Reports Second Quarter 2020 with Quarter over Quarter Revenues and Margins Growth
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | |
Three months ended
| | | | |
June 30, | |
March 31, | |
June 30, | | | | |
2020 | | |
2020 | | |
2019 | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
251,348 | |
$ |
355,561 | |
$ |
408,098 | | | | | | | | | | | | |
Net cash provided by operating activities | |
66,603 | | |
68,336 | | |
72,156 | | | |
Investments in property and equipment, net | |
(62,537 |
) | |
(62,907 |
) | |
(43,727 |
) | | |
Exercise of options | |
1,127 | | |
87 | | |
-- | | | |
Debt repaid, net | |
(5,000 |
) | |
(24,197 |
) | |
(7,475 |
) | | |
Effect of Japanese Yen exchange rate change over cash balance | |
682 | | |
(176 |
) | |
3,205 | | | |
Investments in short-term deposits, marketable securities and other assets, net | |
6,570 | | |
(85,356 |
) | |
(27,099 |
) | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
258,793 | |
$ |
251,348 | |
$ |
405,158 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six months ended | | | | | | |
June 30, | |
June 30, | | | | | | |
2020 | | |
2019 | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
355,561 | |
$ |
385,091 | | | | | | | | | | | | | | |
Net cash provided by operating activities | |
134,939 | | |
147,024 | | | | | |
Investments in property and equipment, net | |
(125,444 |
) | |
(85,445 |
) | | | | |
Exercise of options | |
1,214 | | |
397 | | | | | |
Debt repaid, net | |
(29,197 |
) | |
(10,549 |
) | | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
506 | | |
2,465 | | | | | |
Investments in short-term deposits, marketable securities and other assets, net | |
(78,786 |
) | |
(33,825 |
) | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
258,793 | |
$ |
405,158 | | | | | | | | | | | | |
|
