Tower Semiconductor Reports 2024 First Quarter Financial Results
| | | | | | | |
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES
|
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED)
|
(dollars in thousands)
| | | | |
Three months ended | | |
March 31, | | |
December 31, | |
March 31, | | |
2024 | | |
2023 | |
2023 | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
260,664 | | |
$ |
314,816 | | |
$ |
340,759 | | |
Net cash provided by operating activities |
110,038 | | | |
126,098 | | | |
72,727 | | |
Investments in property and equipment, net | |
(98,018 |
) | | |
(136,426 |
) | | |
(105,245 |
) | |
Debt repaid and others, net | |
(8,409 |
) | | |
(8,950 |
) | | |
(28,796 |
) | |
Proceeds from an investment in a subsidiary |
-- | | | |
-- | | | |
1,932 | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(2,665 |
) | | |
2,101 | | | |
(637 |
) | |
Investments in short-term deposits, marketable securities and other assets, net of sale proceeds | |
(1,113 |
) | | |
(36,975 |
) | | |
24,194 | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
260,497 | | |
$ |
260,664 | | |
$ |
304,934 | |
|
