Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 288

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 288
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22

TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2024

(dollars in thousands, except per share data)

NOTE 8:OTHER LONG-TERM ASSETS, NET
Other long-term assets, net consist of the following as of December 31, 2024 and 2023:
Details 2024 2023
───────────────────────────────────────────────────────────────────────────────────
Long-term prepaid expenses $ 2,514 $ 18,598
ROU - assets under operating leases 7,874 9,762
Prepaid long-term land lease, net 2,572 2,693
Deferred tax asset - see Note 18 1,768 1,810
$ 14,728 $ 32,863

NOTE 9:OTHER CURRENT LIABILITIES
Other current liabilities consist of the following as of December 31, 2024 and 2023:
Details 2024 2023
────────────────────────────────────────────────────────────────────────────────────────────────────
Tax payables $ 12,428 $ 7,400
Hedging transactions related payables - see Note 11A 5,070 500
Others 1,712 1, 386
$ 19,210 $ 9,286

NOTE 10:LONG-TERM DEBT
A. Composition
As of December 31, 2024 and 2023:
Details 2024 2023
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
JPY loans - principal amount - see Notes 10B and 10C below $ 98,962 $ 102,491
Capital leases and other long-term liabilities - see Note 10D below 73,977 119,310
Operating leases - see Note 10E below 7,874 9,762
Less - current maturities ( 48,376 ( 58,952
$ 132,437 $ 172,611
B. Repayment Schedule of Long-term JPY Loans
As of December 31, 2024:
Details Interest 2025 2026 2027 2028 2029 2030
Rate
─────────────────────────────────────────────────────────────────────────────────────────────────
Long-term JPY loans 2