Tower Semiconductor Reports First Quarter 2021 Double Digit Year over Year Revenue Growth
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |
|
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |
|
(dollars in thousands) | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | |
Three months ended | |
| | | |
March 31, | | |
December 31, | | |
March 31, | |
| | | |
2021 | | |
2020 | | |
2020 | |
| | | | | | | | | | | |
|
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
211,683 | |
$ |
207,704 | |
$ |
355,561 | |
| | | | | | | | | | | |
| |
Net cash provided by operating activities | |
87,413 | | |
73,010 | | |
68,336 | |
| |
Investments in property and equipment, net | |
(49,415) | | |
(64,233) | | |
(62,907) | |
| |
Exercise of options | |
364 | | |
1,026 | | |
87 | |
| |
Debt repaid, net | |
(29,375) | | |
(8,147) | | |
(24,197) | |
| |
Effect of Japanese Yen exchange rate change over cash balance | |
(3,478) | | |
1,624 | | |
(176) | |
| |
Investments in short-term deposits, marketable securities and other assets, net | |
(1,611) | | |
699 | | |
(85,356) | |
| | | | | | | | | | | |
|
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
215,581 | |
$ |
211,683 | |
$ |
251,348 | |
| | | | | | | | | | | |
