Tower Semiconductor Reports Second Quarter 2021 Record Revenues; Guides Third Quarter Further Strong Revenue Growth
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TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | | |
June 30, | |
March 31, | |
June 30, | | | | | |
2021 | |
2021 | |
2020 | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
215,581 |
$ |
211,683 |
$ |
251,348 | | | | | | | | | | | | | |
Net cash provided by operating activities | |
93,250 | |
87,413 | |
66,603 | | | |
Investments in property and equipment, net | |
(56,184) | |
(49,415) | |
(62,537) | | | |
Exercise of options | |
-- | |
364 | |
1,127 | | | |
Debt repaid, net | |
(19,769) | |
(29,375) | |
(5,000) | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(68) | |
(3,478) | |
682 | | | |
Investments in short-term deposits, marketable securities and other assets, net | |
(17,055) | |
(1,611) | |
6,570 | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
215,755 |
$ |
215,581 |
$ |
258,793 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six months ended | | | | | | | |
June 30, | | | | | | | |
2021 | |
2020 | | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
211,683 |
$ |
355,561 | | | | | | | | | | | | | | | |
Net cash provided by operating activities | |
180,663 | |
134,939 | | | | | |
Investments in property and equipment, net | |
(105,599) | |
(125,444) | | | | | |
Exercise of options | |
364 | |
1,214 | | | | | |
Debt repaid, net | |
(49,144) | |
(29,197) | | | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(3,546) | |
506 | | | | | |
Investments in short-term deposits, marketable securities and other assets, net | |
(18,666) | |
(78,786) | | | | | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
215,755 |
$ |
258,793 | | | | | | | | | | | | | |
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