| TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES | |||||||||
| RECONCILIATION FROM GAAP OPERATING PROFIT TO EBITDA (UNAUDITED) | |||||||||
| (dollars in thousands) | |||||||||
| Three months ended | |||||||||
| December 31, | September 30, | December 31, | |||||||
| 2022 | 2022 | 2021 | |||||||
| GAAP OPERATING PROFIT | $ | 98,732 | $ | 79,208 | $ | 55,863 | |||
| Depreciation | 69,456 | 67,343 | 64,692 | ||||||
| Stock based compensation | 6,431 | 6,526 | 8,815 | ||||||
| Amortization of acquired intangible assets | 510 | 509 | 506 | ||||||
| Restructuring and impairment cost (income, net) | (13,592 | ) | 4,033 | -- | |||||
| EBITDA | $ | 161,537 | $ | 157,619 | $ | 129,876 | |||
| Year ended | |||||||||
| December 31, | December 31, | ||||||||
| 2022 | 2021 | ||||||||
| GAAP OPERATING PROFIT | $ | 311,674 | $ | 166,511 | |||||
| Depreciation | 262,053 | 242,811 | |||||||
| Stock based compensation | 24,215 | 25,144 | |||||||
| Amortization of acquired intangible assets | 2,033 | 1,993 | |||||||
| Restructuring and impairment income, net | (9,559 | ) | -- | ||||||
| EBITDA | $ | 590,416 | $ | 436,459 | |||||
Tower Semiconductor Reports 2022 Fourth Quarter and Full Year Financial Results
 |  | More IC News
|
|
RELATED NEWS
