TowerJazz Announces Records in Revenues, Margins, EBITDA and Free Cash Flow for the Second Quarter and First Half of 2017

 

TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES 
UNAUDITED RECONCILIATION OF CERTAIN FINANCIAL DATA   
(dollars and share count in thousands, except per share data) 
            
       T h r e e   m o n t h s   e n d e d 
       June 30,  March 31,    June 30, 
       2017  2017  201 6 
            
RECONCILIATION FROM GAAP NET PROFIT TO ADJUSTED NET PROFIT:        
            
  GAAP NET PROFIT  $ 50,017 $ 45,509 $ 38,486   
  Stock based compensation     2,319   2,098   2,532   
  Amortization of acquired intangible assets     2,246   2,336   2,395   
  Financing cost resulted from banks loans early repayment     --       --     6,653   
  Gain from San Antonio acquisition, net     --       --     (10,158 ) 
            
  ADJUSTED NET PROFIT  $ 54,582 $ 49,943 $ 39,908   
            
  ADJUSTED NET PROFIT PER SHARE :        
  Basic   $ 0.57 $ 0.53 $ 0.46    
  Diluted     $ 0.54 $ 0.50 $ 0.42    
  Fully diluted, see (c) below   $ 0.53 $ 0.49 $ 0.39    
                       
  ADJUSTED NET PROFIT USED TO CALCULATE PER SHARE DATA:                
  Basic     $   54,582 $   49,943 $   39,908    
  Diluted     $   56,782 $   52,100 $   41,978    
  Fully diluted   $   56,782 $   52,100 $   41,978    
                       
  NUMBER OF SHARES AND OTHER SECURITIES USED TO CALCULATE PER SHARE DATA:          
  Basic         96,365     93,900     86,300    
  Diluted         105,648     104,915     100,163    
  Fully diluted, see (c) below       107,375     107,245     107,056    
                       
                       
EBITDA CALCULATION:                
                       
  GAAP OPERATING PROFIT     $ 57,391 $ 52,763 $ 40,178    
  Cost of revenue:                
  Depreciation of fixed assets       46,360   43,819   41,910    
  Stock based compensation     587   678   1,160    
  Amortization of acquired intangible assets     2,058   2,148   2,207    
  Research and development:                
  Stock based compensation     576   539   533    
  Marketing, general and administrative:                
  Stock based compensation     1,156   881   839    
  Amortization of acquired intangible assets     188   188   188    
                       
  EBITDA     $ 108,316 $ 101,016 $ 87,015    
                       
(c) Fully diluted share count as of June 30, 2017 presented above includes all issued and outstanding securities; outstanding ordinary share count as of June 30, 2017 is 97,893 thousands.  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article


Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Canada Generates Jobs Creation Excitement in September
Jobs
Structural Engineer for Kiewit at Lenexa, Kansas
Architect for Hutton at Wichita, Afghanistan
Design Engineer (Engineer 1/2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Structural Engineer 2 (Engineer 2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Mechanical Engineer for Flextronics at Milpitas, California
Failure Analysis Engineer for Flextronics at Milpitas, California
Upcoming Events
2020 Design-Build Conference & Expo! at Gaylord National Resort & Convention Center National Harbor MD - Oct 28 - 30, 2020
ABX | ArchitectureBoston Expo at Boston Convention & Exhibition Center Boston MA - Nov 4 - 5, 2020
Greenbuild 2020 at San Diego Convention Center San Diego CA - Nov 4 - 7, 2020
Kenesto: 30 day trial
Digital Cities
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise