Tower Semiconductor Reports Double Digit Revenue Growth for the Fourth Quarter of 2020
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TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | |
December 31, | |
September 30, |
December 31, | | | | |
2020 | |
2020 | |
2019 | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
207,704 |
$ |
258,793 |
$ |
417,636 | | | | | | | | | | | |
Net cash provided by operating activities | |
73,010 | |
68,612 | |
71,561 | | |
Investments in property and equipment, net | |
(64,233) | |
(66,862) | |
(43,704) | | |
Exercise of options | |
1,026 | |
272 | |
1,402 | | |
Debt repaid, net | |
(8,147) | |
(26,355) | |
(3,247) | | |
Effect of Japanese Yen exchange rate change over cash balance | |
1,624 | |
2,227 | |
(557) | | |
Investments in short-term deposits, marketable securities and other assets, net | |
699 | |
(28,983) | |
(87,530) | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
211,683 |
$ |
207,704 |
$ |
355,561 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Year ended | | | | | | |
December 31, | | | | | | |
2020 | |
2019 | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
355,561 |
$ |
385,091 | | | | | | | | | | | | | |
Net cash provided by operating activities | |
276,561 | |
291,320 | | | | |
Investments in property and equipment, net | |
(256,539) | |
(172,166) | | | | |
Exercise of options | |
2,512 | |
1,842 | | | | |
Debt repaid, net | |
(63,699) | |
(19,402) | | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
4,357 | |
1,804 | | | | |
Investments in short-term deposits, marketable securities and other assets, net | |
(107,070) | |
(132,928) | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
211,683 |
$ |
355,561 | | | | | | | | | | | |
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