| TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |||||||||||
| RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) | |||||||||||
| (dollars in thousands) | |||||||||||
| Three months ended | |||||||||||
| March 31, | December 31, | March 31, | |||||||||
| 2021 | 2020 | 2020 | |||||||||
| EBITDA CALCULATION: | |||||||||||
| GAAP OPERATING PROFIT | $ | 32,480 | $ | 33,379 | $ | 16,438 | |||||
| Depreciation of fixed assets | 56,624 | 56,956 | 51,484 | ||||||||
| Stock based compensation | 4,906 | 5,190 | 4,543 | ||||||||
| Amortization of acquired intangible assets | 491 | 365 | 310 | ||||||||
| EBITDA | $ | 94,501 | $ | 95,890 | $ | 72,775 | |||||
Tower Semiconductor Reports First Quarter 2021 Double Digit Year over Year Revenue Growth
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