TowerJazz Announces Second Quarter 2019 Results with Strong Organic Growth and Guides Third Quarter Revenue Increase with Continued Organic Growth

 

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
                 

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