| TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | ||||||||||||
| RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) | ||||||||||||
| (dollars in thousands) | ||||||||||||
| Three months ended | ||||||||||||
| September 30, | June 30, | September 30, | ||||||||||
| 2019 | 2019 | 2018 | ||||||||||
| GAAP OPERATING PROFIT | $ | 22,719 | $ | 17,757 | $ | 38,559 | ||||||
| Depreciation of fixed assets | 48,355 | 47,966 | 46,172 | |||||||||
| Stock based compensation | 3,775 | 3,884 | 2,710 | |||||||||
| Amortization of acquired intangible assets | 492 | 494 | 1,627 | |||||||||
| EBITDA | $ | 75,341 | $ | 70,101 | $ | 89,068 | ||||||
TowerJazz Announces Third Quarter 2019 Results
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