TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | ||||||||
RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) | ||||||||
(dollars in thousands) | ||||||||
Three months ended | ||||||||
June 30, | March 31, | June 30, | ||||||
2019 | 2019 | 2018 | ||||||
GAAP OPERATING PROFIT | $ | 17,757 | $ | 27,342 | $ | 44,240 | ||
Depreciation of fixed assets | 47,966 | 46,041 | 46,978 | |||||
Stock based compensation | 3,884 | 3,823 | 2,678 | |||||
Amortization of acquired intangible assets | 494 | 1,641 | 1,652 | |||||
EBITDA | $ | 70,101 | $ | 78,847 | $ | 95,548 | ||
TowerJazz Announces Second Quarter 2019 Results with Strong Organic Growth and Guides Third Quarter Revenue Increase with Continued Organic Growth
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