Tower Semiconductor Reports 2023 Second Quarter Financial Results
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | |
Three months ended | | | |
June 30,
| |
March 31,
| |
June 30,
| | | |
2023
| |
2023
| |
2022
| |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | |
$ |
304,934 | | |
$ |
340,759 | | |
$ |
203,484 | | |
Net cash provided by operating activities | |
75,494 | | |
72,727 | | |
138,097 | | |
Investments in property and equipment, net | |
(89,433 |
) | |
(105,245) | | |
(49,377 |
) | |
Debt repaid and others, net | |
(10,093 |
) | |
(28,796) | | |
(8,211 |
) | |
Proceeds from an investment in a subsidiary | |
-- | | |
1,932 | | |
-- | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(5,322 |
) | |
(637) | | |
(7,682 |
) | |
Investments in short-term deposits, marketable securities and other assets, net | |
42,615 | | |
24,194 | | |
(65,134 |
) | |
CASH AND CASH EQUIVALENTS - END OF PERIOD | |
$ |
318,195 | | |
$ |
304,934 | | |
$ |
211,177 | |
|
