Tower Semiconductor Reports 2022 Fourth Quarter and Full Year Financial Results
|
TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | | | | |
CONDENSED CONSOLIDATED SOURCES AND USES REPORTS (UNAUDITED) | | | | |
(dollars in thousands) | | | | | |
Three months ended | | |
December 31, | | |
September 30, | | |
December 31, | | | | |
2022 | | |
2022 | | |
2021 | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
390,369 | | |
$ |
211,177 | | |
$ |
211,503 | | | |
Net cash provided by operating activities |
132,750 | | |
122,402 | | |
133,656 | | | |
Investments in property and equipment, net |
(38,186 |
) | |
(45,134 |
) | |
(85,947 |
) | | |
Exercise of options |
-- | | |
-- | | |
48 | | | |
Proceeds from an investment in a subsidiary |
6,216 | | |
5,469 | | |
-- | | | |
Debt recevied (repaid), net |
(11,465 |
) | |
(28,164 |
) | |
1,040 | | | |
Effect of Japanese Yen exchange rate change over cash balance |
11,498 | | |
(4,638 |
) | |
(2,102 |
) | | |
Investments in short-term deposits, marketable securities and other assets, net |
(150,423 |
) | |
129,257 | | |
(47,268 |
) | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
340,759 | | |
$ |
390,369 | | |
$ |
210,930 | | | | | | | | | | | | |
Year ended | | | | | | | |
December 31, | | |
December 31, | | | | | | | |
2022 | | |
2021 | | | | | | |
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD |
$ |
210,930 | | |
$ |
211,683 | | | | | | |
Net cash provided by operating activities |
529,820 | | |
421,293 | | | | | | |
Investments in property and equipment, net |
(213,537 |
) | |
(279,260 |
) | | | | | |
Exercise of options |
44 | | |
458 | | | | | | |
Proceeds from an investment in a subsidiary |
11,685 | | |
-- | | | | | | |
Debt repaid, net |
(78,379 |
) | |
(77,315 |
) | | | | | |
Effect of Japanese Yen exchange rate change over cash balance |
(3,893 |
) | |
(6,245 |
) | | | | | |
Investments in short-term deposits, marketable securities and other assets, net | |
(115,911 |
) | | |
(59,684 |
) | | | | | |
CASH AND CASH EQUIVALENTS - END OF PERIOD |
$ |
340,759 | | |
$ |
210,930 | | | | | | | | | | | | | | | | |
|
