TowerJazz Announces Second Quarter 2016 Results: Record Revenue of $305 million with Year over Year Growth of 29%, Increased Margins and Net Profit
| | |
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | |
June 30, | | |
March 31, | | |
June 30, | | | | | |
2016 | | | | |
2016 | | | | |
2015 | | | | | | | | | | | | | |
Cash and short term deposits - beginning of period |
$ | |
244,577 | | |
$ | |
205,575 | | |
$ | |
134,216 | | | | | | | | | | | | | | |
Cash from operations | | |
81,781 | | | | |
77,442 | | | | |
50,921 | | | |
Investments in property and equipment, net | | |
(54,323 |
) | | | |
(57,533 |
) | | | |
(38,628 |
) | | |
Exercise of warrants and options, net | | |
360 | | | | |
5,881 | | | | |
(817 |
) | | |
Debt received (repaid) | | |
27,444 | | | | |
6,746 | | | | |
(2,000 |
) | | |
Effect of Japanese Yen exchange rate change and others | | |
11,223 | | | | |
9,029 | | | | |
(1,189 |
) | | |
TPSCo dividend to Panasonic | | |
-- | | | | |
(2,563 |
) | | | |
-- | | |
Cash and short term deposits - end of period |
$ | |
311,062 | | |
$ | |
244,577 | | |
$ | |
142,503 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six months ended | | | | | | | |
June 30, | | |
June 30, | | | | | | | | |
2016 | | | | |
2015 | | | | | | | | | | | | | | | | |
Cash and short term deposits - beginning of period |
$ | |
205,575 | | |
$ | |
187,167 | | | | | | | | | | | | | | | | | |
Cash from operations | | |
159,223 | | | | |
91,211 | | | | | | |
Investments in property and equipment, net | | |
(111,856 |
) | | | |
(66,572 |
) | | | | | |
Exercise of warrants and options, net | | |
6,241 | | | | |
5,654 | | | | | | |
Debt received (repaid) | | |
34,190 | | | | |
(48,683 |
) | | | | | |
Nishiwaki's employees retirement related payments | | |
-- | | | | |
(24,907 |
) | | | | | |
Effect of Japanese Yen exchange rate change and others | | |
20,252 | | | | |
(1,367 |
) | | | | | |
TPSCo dividend to Panasonic | | |
(2,563 |
) | | | |
-- | | | | | |
Cash and short term deposits - end of period |
$ | |
311,062 | | |
$ | |
142,503 | | | | | | | | | | | | | | | |
|
