Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 275

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 275
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 subsidiary                                                  -          1,932         11,685  
  Net cash used in financing activities                                               ( 32,455       ( 30,414       ( 66,650  
  EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGE                                      ( 4,758        ( 5,395        ( 3,893  
  INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                      11,230       ( 80,095        129,829  
  CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                                      260,664        340,759        210,930  
  CASH AND CASH EQUIVALENTS - END OF PERIOD                                           $271,894       $260,664       $340,759  

  See notes to the consolidated financial statements.  

F - 9

  TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
  CONSOLIDATED STATEMENTS OF CASH FLOWS      
  (dollars in thousands)                     

                                                         Year ended December 31,                              
                                                                            2024          2023          2022  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────
  NON-CASH ACTIVITIES:                                                                                        
  Investments in property and equipment                                  $50,440      $164,667      $169,376  
  SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                                                           
  Cash received during the period from interest                          $53,613       $30,475       $12,358  
  Cash paid during the period for interest                                $4,255        $4,519        $4,458  
  Cash paid for income tax, net during the period                        $23,488       $12,379       $12,802  

  See notes to the consolidated financial statements.  

F - 10

TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2024

(dollars in thousands, except per share data)

NOTE 1:DESCRIPTION OF BUSINESS AND GENERAL

The consolidated financial statements of Tower Semiconductor Ltd. (“ Tower”) include the financial statements of Tower, and (i) its wholly-owned subsidiary Tower US Holdings Inc., the sole owner of: (1) Tower Semiconductor NPB Holdings, Inc. and its wholly-owned