Tower Semiconductor Ltd. (TSEM) Financials

NASDAQ:TSEM

Market Cap

3.07B

Total Revenue

1.68B

Gross Profit

466.31M

Operating Income

311.67M

Net Income

264.57M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	505,009,000	828,008,000	960,561,000	1,249,634,000	1,387,310,000	1,304,034,000	1,234,003,000	1,265,684,000	1,508,166,000	1,677,614,000
costOfRevenue	476,900,000	764,220,000	755,196,000	946,534,000	1,033,005,000	1,011,087,000	1,004,332,000	1,032,366,000	1,179,048,000	1,211,306,000
grossProfit	28,109,000	63,788,000	205,365,000	303,100,000	354,305,000	292,947,000	229,671,000	233,318,000	329,118,000	466,308,000
researchAndDevelopmentExpenses	33,064,000	51,841,000	61,669,000	63,134,000	67,664,000	73,053,000	75,579,000	78,320,000	85,386,000	83,911,000
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	--	--	--	--	--	--	--	--	--	--
sellingGeneralAndAdministrativeExpenses	42,916,000	58,783,000	62,793,000	65,439,000	66,799,000	64,951,000	67,376,000	63,965,000	77,221,000	80,282,000
operatingExpenses	75,980,000	110,624,000	124,462,000	128,573,000	134,463,000	138,004,000	142,955,000	142,285,000	162,607,000	164,193,000
operatingIncome	-55,335,000	-103,565,000	81,894,000	175,154,000	219,842,000	154,943,000	86,716,000	91,033,000	166,511,000	311,674,000
totalOtherIncomeExpensesNet	-14,198,000	67,755,000	-107,335,000	50,666,000	-2,627,000	-15,626,000	4,305,000	-2,345,000	-11,412,000	-19,701,000
ebitda	122,783,000	79,830,000	265,092,000	325,167,000	428,253,000	365,382,000	301,190,000	333,829,000	441,986,000	585,194,000
depreciationAndAmortization	164,824,000	243,362,000	168,032,000	197,606,000	208,411,000	210,439,000	214,474,000	242,796,000	275,475,000	273,520,000
interestIncome	--	--	--	--	--	10,762,000	12,949,000	8,484,000	5,368,000	13,596,000
interestExpense	-54,979,000	-47,033,000	-14,973,000	-14,595,000	-8,473,000	10,610,000	6,823,000	9,800,000	9,085,000	-19,701,000
incomeBeforeTax	-117,048,000	-26,114,000	-41,405,000	210,598,000	201,768,000	139,317,000	91,021,000	88,688,000	155,099,000	291,973,000
incomeTaxExpense	-9,388,000	-24,742,000	-12,278,000	1,432,000	-99,888,000	5,938,000	2,948,000	5,399,000	1,024,000	25,502,000
netIncome	-107,660,000	4,263,000	-29,647,000	203,924,000	298,011,000	135,579,000	90,048,000	82,302,000	150,012,000	264,569,000
eps	-2.72	0.08	-0.4	2.33	3.08	1.35	0.85	0.77	1.39	2.42
epsdiluted	-2.72	0.07	-0.4	2.09	2.9	1.32	0.84	0.76	1.37	2.39
weightedAverageShsOut	39,633,000	51,798,000	74,366,000	87,480,000	96,647,000	100,399,000	106,256,000	107,254,000	108,279,000	109,349,000
weightedAverageShsOutDil	39,633,000	63,182,000	74,366,000	101,303,000	105,947,000	102,517,000	107,438,000	108,480,000	109,798,000	110,754,000
costAndExpenses	552,880,000	874,844,000	879,658,000	1,075,107,000	1,167,468,000	1,149,091,000	1,147,287,000	1,174,651,000	1,341,655,000	1,375,499,000
otherExpenses	-904,000	-140,000	-190,000	9,322,000	-2,627,000	-2,442,000	4,293,000	-5,215,000	1,461,000	-6,934,000

Key Facts

Industry

Semiconductors

Sector

Technology

Headquarters

Migdal Haemek, , IL

Website

towersemi.com

CEO

Mr. Russell C. Ellwanger

Employees

5613

About the Company

Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The company also offers wafer fabrication services and design enablement platform for design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.