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, | |||||
2020 | 2020 | 2019 | |||||
GAAP OPERATING PROFIT | $ | 19,089 | $ | 22,127 | $ | 22,719 | |
Depreciation of fixed assets | 56,131 | 55,175 | 48,355 | ||||
Stock based compensation | 3,460 | 3,795 | 3,775 | ||||
Amortization of acquired intangible assets | 490 | 493 | 492 | ||||
EBITDA | $ | 79,170 | $ | 81,590 | $ | 75,341 | |
Nine months ended | |||||||
September 30, | September 30, | ||||||
2020 | 2019 | ||||||
GAAP OPERATING PROFIT | $ | 57,654 | $ | 67,818 | |||
Depreciation of fixed assets | 162,790 | 142,362 | |||||
Stock based compensation | 11,798 | 11,482 | |||||
Amortization of acquired intangible assets | 1,293 | 2,627 | |||||
EBITDA | $ | 233,535 | $ | 224,289 | |||
Tower Semiconductor Reports Third Quarter 2020 Results and Guides Fourth Quarter Significant Revenue Increase
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