| TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |||||||||||
| CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED) | |||||||||||
| (dollars in thousands) | |||||||||||
| Three months ended | |||||||||||
| September 30, | June 30, | September 30, | |||||||||
| 2018 | 2018 | 2017 | |||||||||
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | $ | 486,880 | $ | 464,661 | $ | 483,603 | |||||
| Cash from operations | 69,471 | 76,929 | 103,916 | (a) | |||||||
| Investments in property and equipment, net | (40,892 | ) | (40,148 | ) | (41,708 | ) | |||||
| Exercise of options, net | 21 | 26 | 1,027 | ||||||||
| Debt received (repaid), net | (43,078 | ) | 3,809 | (15,932 | ) | ||||||
| Effect of Japanese Yen exchange rate change over cash balance | (3,057 | ) | (2,909 | ) | (630 | ) | |||||
| Investments in marketable securities and other assets, net | (4,899 | ) | (15,488 | ) | (49,869 | ) | |||||
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $ | 464,446 | $ | 486,880 | $ | 480,407 | |||||
| Free Cash Flow | $ | 28,579 | $ | 36,781 | $ | 62,208 | (a) | ||||
| (a) | Cash from operations for the three months ended September 30, 2017 included $18,000 received from Tacoma as announced on August 21, 2017. | ||||||||||
| Nine months ended | |||||||||||
| September 30, | September 30, | ||||||||||
| 2018 | 2017 | ||||||||||
| CASH AND SHORT-TERM DEPOSITS - BEGINNING OF PERIOD | $ | 445,961 | $ | 389,377 | |||||||
| Cash from operations | 221,401 | 270,350 | (b) | ||||||||
| Investments in property and equipment, net | (121,087 | ) | (123,368 | ) | |||||||
| Exercise of warrants and options, net | 705 | 28,037 | |||||||||
| Debt repaid, net | (45,925 | ) | (33,392 | ) | |||||||
| Effect of Japanese Yen exchange rate change over cash balance | (1,259 | ) | 3,650 | ||||||||
| TPSCo dividend to Panasonic | -- | (4,378 | ) | ||||||||
| Investments in marketable securities and other assets, net | (35,350 | ) | (49,869 | ) | |||||||
| CASH AND AND SHORT-TERM DEPOSITS - END OF PERIOD | $ | 464,446 | $ | 480,407 | |||||||
| Free Cash Flow | $ | 100,314 | $ | 146,982 | (b) | ||||||
| (b) | Cash from operations for the nine months ended September 30, 2017 included $18,000 received from Tacoma as announced on August 21, 2017. | ||||||||||
TowerJazz Reports Revenues of $323 million with Net Profit of $34 million for the Third Quarter of 2018
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