| TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | ||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||||||
| (dollars and share count in thousands, except per share data) | ||||||||
| Three months ended | ||||||||
| September 30, | June 30, | September 30, | ||||||
| 2022 | 2022 | 2021 | ||||||
| REVENUES | $ | 427,087 | $ | 426,168 | $ | 386,706 | ||
| COST OF REVENUES | 302,576 | 313,728 | 301,330 | |||||
| GROSS PROFIT | 124,511 | 112,440 | 85,376 | |||||
| OPERATING COSTS AND EXPENSES: | ||||||||
| Research and development | 22,406 | 20,481 | 21,591 | |||||
| Marketing, general and administrative | 18,864 | 21,285 | 19,620 | |||||
| Restructuring costs | 4,033 | -- | -- | |||||
| 45,303 | 41,766 | 41,211 | ||||||
| OPERATING PROFIT | 79,208 | 70,674 | 44,165 | |||||
| FINANCING AND OTHER EXPENSE, NET | (9,351) | (8,162) | (2,714) | |||||
| PROFIT BEFORE INCOME TAX | 69,857 | 62,512 | 41,451 | |||||
| INCOME TAX EXPENSE, NET | (3,175) | (4,339) | (1,084) | |||||
| NET PROFIT | 66,682 | 58,173 | 40,367 | |||||
| Net loss (income) attributable to non-controlling interest | 2,453 | (96) | (1,282) | |||||
| NET PROFIT ATTRIBUTABLE TO THE COMPANY | $ | 69,135 | $ | 58,077 | $ | 39,085 | ||
| BASIC EARNINGS PER SHARE | $ | 0.63 | $ | 0.53 | $ | 0.36 | ||
| Weighted average number of shares | 109,416 | 109,138 | 108,354 | |||||
| DILUTED EARNINGS PER SHARE | $ | 0.62 | $ | 0.53 | $ | 0.36 | ||
| Weighted average number of shares | 110,825 | 110,561 | 109,825 | |||||
