Tower Semiconductor Reports Third Quarter 2020 Results and Guides Fourth Quarter Significant Revenue Increase
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES |
|
RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) |
|
(dollars in thousands) |
| | | | | | | | |
| | | | | | | | |
| | | |
Three months ended |
| | | |
September 30, | |
June 30, | |
September 30, |
| | | |
2020 | |
2020 | |
2019 |
| | | | | | | | |
|
GAAP OPERATING PROFIT |
$ |
19,089 |
$ |
22,127 |
$ |
22,719 |
| |
Depreciation of fixed assets | |
56,131 |
|
55,175 | |
48,355 |
| |
Stock based compensation | |
3,460 |
|
3,795 | |
3,775 |
| |
Amortization of acquired intangible assets | |
490 |
|
493 | |
492 |
| | | | |
| | | |
|
EBITDA |
$ |
79,170 |
$ |
81,590 |
$ |
75,341 |
| | | | | | | | |
| | | | | | | | |
| | | |
Nine months ended | | |
| | | |
September 30, | |
September 30, | | |
| | | |
2020 | |
2019 | | |
| | | | | | | | |
|
GAAP OPERATING PROFIT |
$ |
57,654 |
$ |
67,818 | | |
| |
Depreciation of fixed assets | |
162,790 | |
142,362 | | |
| |
Stock based compensation | |
11,798 | |
11,482 | | |
| |
Amortization of acquired intangible assets | |
1,293 | |
2,627 | | |
| | | | | | | | |
|
EBITDA |
$ |
233,535 |
$ |
224,289 | | |
| | | | | | | | |
