Tower Semiconductor Reports Record Revenues and Strong Margins Growth
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TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | | |
September 30, | |
June 30, | |
September 30, | | | | | |
2021 | |
2021 | |
2020 | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
215,755 |
$ |
215,581 |
$ |
258,793 | | | | | | | | | | | | | |
Net cash provided by operating activities | |
106,974 | |
93,250 | |
68,612 | | | |
Investments in property and equipment, net | |
(87,714) | |
(56,184) | |
(66,862) | | | |
Exercise of options | |
46 | |
-- | |
272 | | | |
Debt repaid, net | |
(29,211) | |
(19,769) | |
(26,355) | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(597) | |
(68) | |
2,227 | | | |
Investments in short-term deposits, marketable securities and other assets, net |
6,250 | |
(17,055) | |
(28,983) | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
211,503 |
$ |
215,755 |
$ |
207,704 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Nine months ended | | | | | | | |
September 30, | | | | | | | |
2021 | |
2020 | | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
211,683 |
$ |
355,561 | | | | | | | | | | | | | | | |
Net cash provided by operating activities | |
287,637 | |
203,551 | | | | | |
Investments in property and equipment, net | |
(193,313) | |
(192,306) | | | | | |
Exercise of options | |
410 | |
1,486 | | | | | |
Debt repaid, net | |
(78,355) | |
(55,552) | | | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(4,143) | |
2,733 | | | | | |
Investments in short-term deposits, marketable securities and other assets, net |
(12,416) | |
(107,769) | | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
211,503 |
$ |
207,704 | | | | | | | | | | | | | |
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