Tower Semiconductor Reports First Quarter 2021 Double Digit Year over Year Revenue Growth
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TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
|
RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) | |
|
(dollars in thousands) | |
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Three months ended | |
| | | | |
March 31, | | |
December 31, | | |
March 31, | |
| | | | |
2021 | | |
2020 | | |
2020 | |
| | | | | | | | | | | | |
|
EBITDA CALCULATION: | | | | | | | | | |
| | | | | | | | | | | | |
| |
GAAP OPERATING PROFIT |
$ |
32,480 | |
$ |
33,379 | |
$ |
16,438 | |
| | |
Depreciation of fixed assets | |
56,624 | | |
56,956 | | |
51,484 | |
| | |
Stock based compensation | |
4,906 | | |
5,190 | | |
4,543 | |
| | |
Amortization of acquired intangible assets | |
491 | | |
365 | | |
310 | |
| | | | | | | | | | | | |
| |
EBITDA |
$ |
94,501 | |
$ |
95,890 | |
$ |
72,775 | |
| | | | | | | | | | | | |
