Tower Semiconductor Reports Second Quarter 2020 with Quarter over Quarter Revenues and Margins Growth



TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES
CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED)
(dollars in thousands)
        
        
    Three months ended
    June 30,  March 31,  June 30,
    2020   2020   2019 
        
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD $ 251,348  $ 355,561  $ 408,098 
        
  Net cash provided by operating activities  66,603   68,336   72,156 
  Investments in property and equipment, net  (62,537 )  (62,907 )  (43,727 )
  Exercise of options  1,127   87   -- 
  Debt repaid, net  (5,000 )  (24,197 )  (7,475 )
  Effect of Japanese Yen exchange rate change over cash balance  682     (176 )   3,205  
  Investments in short-term deposits, marketable securities and other assets, net   6,570     (85,356 )   (27,099 )
               
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 258,793   $ 251,348   $ 405,158  
               
               
               
      Six months ended    
      June 30,   June 30,    
      2020     2019      
               
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD $ 355,561   $ 385,091      
               
  Net cash provided by operating activities   134,939     147,024      
  Investments in property and equipment, net   (125,444 )   (85,445 )    
  Exercise of options   1,214     397      
  Debt repaid, net   (29,197 )   (10,549 )    
  Effect of Japanese Yen exchange rate change over cash balance   506     2,465      
  Investments in short-term deposits, marketable securities and other assets, net   (78,786 )   (33,825 )    
               
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 258,793   $ 405,158      
               

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