← TOWER SEMICONDUCTOR LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $203.9m |
$298.0m
+46.14%
|
$135.6m
-54.51%
|
$90.0m
-33.58%
|
$82.3m
-8.60%
|
$150.0m
+82.27%
|
$264.6m
+76.37%
|
$518.5m
+95.98%
|
$207.9m
-59.91%
|
$220.5m
+6.06%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $209.2m | $301.7m | $133.4m | $88.1m | $83.3m | $154.1m | $266.5m | $519.5m | $207.2m | $218.8m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $5.2m | $3.6m | ($2.2m) | ($2.0m) | $987k | $4.1m | $1.9m | $1.0m | ($642k) | ($1.7m) | — | |
| Depreciation, Depletion and Amortization | $197.6m | $208.4m | $214.4m | $214.5m | $240.5m | $270.7m | $292.6m | $258.0m | $266.3m | $303.1m | $320.7m | |
| Depreciation | — | — | — | $9.9m | $13.4m | $14.0m | $14.2m | $18.3m | $15.2m | $13.8m | $320.7m | |
| Amortization of Debt Issuance Costs and Discounts | $1.9m | $2.7m | $3.6m | $3.3m | $3.0m | $1.8m | $772k | $640k | $0 | — | — | |
| Deferred Income Tax Expense (Benefit) | ($4.5m) | — | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $9.4m | $11.6m | $12.7m | $14.5m | $17.0m | $25.1m | $24.2m | $27.9m | $33.8m | $37.8m | — | |
| Nonoperating Income (Expense) | ($12.5m) | ($7.6m) | ($13.2m) | $12k | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $9.3m | ($2.6m) | ($2.4m) | $4.3m | ($5.2m) | $1.5m | ($6.9m) | $7.0m | ($24.7m) | ($10.5m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $30.1m | $6.6m | $3.1m | ($27.3m) | $33.1m | ($14.3m) | $15.2m | $3.2m | $60.2m | $10.5m | $10.1m | |
| Increase (Decrease) in Inventories | $22.1m | $4.3m | $26.3m | $21.0m | $2.9m | $44.2m | $77.9m | ($8.7m) | ($4.8m) | ($11.8m) | $33.5m | |
| Increase (Decrease) in Accounts Payable | $5.5m | ($8.6m) | ($3.6m) | ($339k) | ($18.6m) | ($25.0m) | ($20.9m) | ($8.3m) | $35.8m | ($12.2m) | ($12.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $2.8m |
$355.6m
+12605.79%
|
$312.9m
-12.02%
|
$291.3m
-6.90%
|
$276.6m
-5.07%
|
$421.3m
+52.33%
|
$529.8m
+25.76%
|
$676.6m
+27.70%
|
$448.7m
-33.68%
|
$395.5m
-11.86%
|
$865.9m
+118.95%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $217.5m | $187.7m | $210.2m | $191.4m | $313.7m | $313.8m | $366.4m | $444.5m | $436.2m | $444.4m | ($565.3m) | |
| Property, plant and equipment acquisitions funded by liabilities | $217.5m | $187.7m | $210.2m | $191.4m | $313.7m | $313.8m | $366.4m | $444.5m | $436.2m | $444.4m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($217.5m) | ($187.7m) | ($210.2m) | ($191.4m) | ($313.7m) | ($313.8m) | ($366.4m) | $52.2m | $0 | $0 | $133k | |
| Net Cash Provided by (Used in) Investing Activities | ($226.7m) | ($245.4m) | ($328.2m) | ($305.1m) | ($363.6m) | ($338.9m) | ($329.4m) | ($720.8m) | ($400.2m) | ($398.1m) | ($865.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | $56.0m | — | $99.0m | $0 | $0 | $96.1m | $0 | $24.2m | $81.8m | $13.8m | $13.8m | |
| Net Cash Provided by (Used in) Financing Activities | $73.3m |
($23.3m)
-131.80%
|
($48.1m)
-106.43%
|
($17.6m)
+63.52%
|
($61.2m)
-248.45%
|
($76.9m)
-25.61%
|
($66.7m)
+13.28%
|
($30.4m)
+54.37%
|
($32.5m)
-6.71%
|
($33.4m)
-2.77%
|
($27.3m)
+18.22%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $5.6m | $3.7m | $2.6m | ($29.5m) | ($143.9m) | ($753k) | $129.8m | ($80.1m) | $11.2m | ($36.5m) | $238.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $340.8m | $260.7m | $271.9m | $235.4m | $238.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $10.2m | $11.8m | $7.5m | $6.6m | $4.6m | $4.5m | $4.5m | $4.3m | $4.7m | — | |
| Income Taxes Paid, Net | $3.5m | $17.7m | $5.8m | $13.0m | ($2.4m) | $8.3m | $12.8m | $12.7m | $23.5m | $20.3m | — | |
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Accretion Expense | $3.6m | $4.2m | $5.0m | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($8.3m) | ($12.9m) | $9.8m | ($10.3m) | ($6.6m) | ($1.1m) | ($10.4m) | $1.6m | ($133k) | $0 | — | |
| Goodwill | $7.0m | $7.0m | $7.0m | $7.0m | $7.0m | $7.0m | $7.0m | $7.0m | $7.0m | $7.0m | — | |
| Income Tax Expense (Benefit) | $1.4m | ($99.9m) | $5.9m | $2.9m | $5.4m | $1.0m | $25.5m | $65.3m | $10.2m | $21.6m | — | |
| Operating Expenses | $127.9m | $134.5m | $138.0m | $143.0m | $142.3m | $162.6m | $154.6m | ($193.7m) | $148.1m | $169.7m | — | |
| Restructuring Costs | — | — | — | — | — | — | $10.7m | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.