Tower Semiconductor Reports 2022 Fourth Quarter and Full Year Financial Results
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TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) | |
(dollars and share data in thousands) | | |
THE COMPANY'S SHAREHOLDERS' EQUITY | | | | | | | | | | | | | | | | |
Accumulated | |
Foreign | | | | | | | | | | | | |
Ordinary | |
Ordinary | |
Additional | | | |
other | |
currency | | | | | | | |
Non | | | | |
shares | |
shares | |
paid-in | |
Unearned | |
comprehensive | |
translation | |
Accumulated | |
Treasury | |
Comprehensive | |
controlling | | | | |
issued | |
amount | |
capital | |
compensation | |
income (loss) | |
adjustments | |
deficit | |
stock | |
income (loss) | |
interest | |
Total | |
BALANCE AS OF JANUARY 31, 2022 |
108,970 | |
$ |
435,453 | |
$ |
1,389,051 | |
$ |
149,906 | |
$ |
(412) | |
$ |
(27,471) | |
$ |
(315,448) | |
$ |
(9,072) | | | |
$ |
(6,618) | |
$ |
1,615,389 | |
Changes during the year ended December 31, 2022: | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from an investment in a subsidiary | | | | | | | | | | | | | | | | | | |
11,645 | |
11,645 | |
Exercise of options and RSUs |
1,071 | |
4,697 | |
(4,653) | | | | | | | | | | | | | | | |
44 | |
Employee stock-based compensation | | | | | | |
24,215 | | | | | | | | | | | | | |
24,215 | |
Other comprehensive income: | | | | | | | | | | | | | | | | | | | | | | |
Profit | | | | | | | | | | | | |
264,569 | | | |
$ |
264,569 | |
1,902 | |
266,471 | |
Foreign currency translation adjustments | | | | | | | | | | |
(18,026) | | | | | |
(18,026) | |
(9,569) | |
(27,595) | |
Change in employees plan assets and benefit obligations | | | | | | | | |
(938) | | | | | | | |
(938) | | | |
(938) | |
Unrealized
loss on derivatives | | | | | | | | |
(690) | | | | | | | |
(690) | | | |
(690) | |
Comprehensive income | | | | | | | | | | | | | | | | |
$ |
244,915 | | | | | |
BALANCE AS OF DECEMBER 31, 2022 |
110,041 | |
$ |
440,150 | |
$ |
1,384,398 | |
$ |
174,121 | |
$ |
(2,040) | |
$ |
(45,497) | |
$ |
(50,879) | |
$ |
(9,072) | | | |
$ |
(2,640) | |
$ |
1,888,541 | |
OUTSTANDING SHARES, NET OF TREASURY STOCK AS OF DECEMBER 31, 2022 |
109,954 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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