TowerJazz Reports Full Year 2019 Results with 5% Organic Revenue Growth; Expects Revenue Growth for 2020
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES |
|
RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) |
|
(dollars in thousands) |
| | | | | | | | | |
| | | | | | | | | |
| | | | |
T h r e e m o n t h s e n d e d |
| | | | |
December 31, | |
September 30, | |
December 31, |
| | | | |
2019 | |
2019 | |
2018 |
| | | | | | | | | |
| | | | | | | | | |
|
EBITDA CALCULATION: | | | | | | |
| | | | | | | | | |
| |
GAAP OPERATING PROFIT |
$ |
18,898 |
$ |
22,719 |
$ |
40,239 |
| | |
Depreciation of fixed assets | |
52,222 | |
48,355 | |
46,950 |
| | |
Stock based compensation | |
3,066 | |
3,775 | |
3,906 |
| | |
Amortization of acquired intangible assets | |
453 | |
492 | |
1,614 |
| | | | | | | | | |
| |
EBITDA
|
$ |
74,639 |
$ |
75,341 |
$ |
92,709 |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | | |
Y e a r e n d e d | | |
| | | | |
December 31, | |
December 31, | | |
| | | | |
2019 | |
2018 | | |
| | | | | | | | | |
|
GAAP OPERATING PROFIT |
$ |
86,716 |
$ |
154,943 | | |
| |
Depreciation of fixed assets | |
194,584 | |
187,460 | | |
| |
Stock based compensation | |
14,548 | |
12,661 | | |
| |
Amortization of acquired intangible assets | |
3,080 | |
6,554 | | |
| | | | | | | | | |
|
EBITDA |
$ |
298,928 |
$ |
361,618 | | |
| | | | | | | | | |
