(Financial tables follow)
| TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |||||
| CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) | |||||
| (dollars in thousands) | |||||
| March 31, | December 31, | ||||
| 2024 | 2023 | ||||
| ASSETS | |||||
| CURRENT ASSETS | |||||
| Cash and cash equivalents | $ | 260,497 | $ | 260,664 | |
| Short-term deposits | 848,522 | 790,823 | |||
| Marketable securities | 133,611 | 184,960 | |||
| Trade accounts receivable | 159,398 | 154,067 | |||
| Inventories | 299,377 | 282,688 | |||
| Other current assets | 42,049 | 35,956 | |||
| Total current assets | 1,743,454 | 1,709,158 | |||
| PROPERTY AND EQUIPMENT, NET | 1,180,569 | 1,155,929 | |||
| GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 11,666 | 12,115 | |||
| OTHER LONG-TERM ASSETS, NET | 41,226 | 41,315 | |||
| TOTAL ASSETS | $ | 2,976,915 | $ | 2,918,517 | |
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||
| CURRENT LIABILITIES | |||||
| Short-term debt | $ | 57,700 | $ | 58,952 | |
| Trade accounts payable | 169,526 | 139,128 | |||
| Deferred revenue and customers' advances | 19,732 | 18,418 | |||
| Other current liabilities | 76,947 | 60,340 | |||
| Total current liabilities | 323,905 | 276,838 | |||
| LONG-TERM DEBT | 151,699 | 172,611 | |||
| LONG-TERM CUSTOMERS' ADVANCES | 22,465 | 25,710 | |||
| DEFERRED TAX AND OTHER LONG-TERM LIABILITIES | 16,277 | 16,319 | |||
| TOTAL LIABILITIES | 514,346 | 491,478 | |||
| TOTAL SHAREHOLDERS' EQUITY | 2,462,569 | 2,427,039 | |||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 2,976,915 | $ | 2,918,517 | |
