TowerJazz Announces Third Quarter 2019 Results
| | |
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
(dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | |
September 30, | |
June 30, | |
September 30, | | | | |
2019 | |
2019 | |
2018 | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
405,158 | |
$ |
408,098 | |
$ |
486,880 | | | | | | | | | | | | |
Net cash provided by operating activities | |
72,735 | | |
72,156 | | |
69,471 | | | |
Investments in property and equipment, net | |
(43,017 |
) | |
(43,727 |
) | |
(40,892 |
) | | |
Exercise of options, net | |
43 | | |
-- | | |
21 | | | |
Debt repaid, net | |
(5,606 |
) | |
(7,475 |
) | |
(43,078 |
) | | |
Effect of Japanese Yen exchange rate change over cash balance | |
(104 |
) | |
3,205 | | |
(3,057 |
) | | |
Investments in short-term deposits, marketable securities and other assets, net |
(11,573 |
) | |
(27,099 |
) | |
(4,899 |
) | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
417,636 | |
$ |
405,158 | |
$ |
464,446 | | | | | | | | | | | |
FREE CASH FLOW |
$ |
29,718 | |
$ |
28,429 | |
$ |
28,579 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Nine months ended | | | | | | |
September 30, | |
September 30, | | | | | |
2019 | |
2018 | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
385,091 | |
$ |
445,961 | | | | | | | | | | | | |
Net cash provided by operating activities | |
219,759 | | |
221,401 | | | | |
Investments in property and equipment, net | |
(128,462 |
) | |
(121,087 |
) | | | |
Exercise of options, net | |
440 | | |
705 | | | | |
Debt repaid, net | |
(16,155 |
) | |
(45,925 |
) | | | |
Effect of Japanese Yen exchange rate change over cash balance | |
2,361 | | |
(1,259 |
) | | | |
Investments in short-term deposits, marketable securities and other assets, net |
(45,398 |
) | |
(35,350 |
) | | | | | | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
417,636 | |
$ |
464,446 | | | | | | | | | | | |
FREE CASH FLOW |
$ |
91,297 | |
$ |
100,314 | | | | | | | | | | |
|
