Tower Semiconductor Ltd. (TSEM)

Tower Semiconductor Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	265.31	260.66	340.76	210.93	211.68	355.56
Short-Term Investments	968.73	975.78	665.05	553.72	499.2	391.68
Cash & Short-Term Investments	1,234	1,236	1,006	764.65	710.88	747.24
Cash Growth	35.08%	22.93%	31.54%	7.56%	-4.87%	16.57%
Accounts Receivable	165.16	154.07	152.94	142.23	162.1	126.97
Other Receivables	-	24.86	24.54	18.03	23.82	13.75
Receivables	165.16	178.93	177.47	160.26	185.92	140.72
Inventory	276.08	282.69	302.11	234.51	199.13	192.26
Prepaid Expenses	-	11.1	9.78	36.79	6.99	8.27
Other Current Assets	35.41	-	-	-	-	-
Total Current Assets	1,711	1,709	1,495	1,196	1,103	1,088
Property, Plant & Equipment	1,199	1,166	972.61	890.8	858.16	699.77
Long-Term Investments	8.45	6.78	6.72	32.03	40.89	40.85
Goodwill	-	7	7	7	7	7
Other Intangible Assets	11.22	5.12	7.03	11.82	10.96	10.28
Long-Term Deferred Tax Assets	32.6	1.81	32.79	53.53	57.8	66.36
Other Long-Term Assets	-	22.96	26.28	39.87	16.42	20.09
Total Assets	2,962	2,919	2,548	2,231	2,094	1,933
Accounts Payable	123.78	139.13	150.93	78.71	96.94	119.2
Accrued Expenses	57.12	51.34	59.17	58.34	52.4	51.36
Current Portion of Long-Term Debt	61.37	15.17	19.49	43.07	65.1	37.73
Current Portion of Leases	-	43.78	42.78	40.79	41.41	28.2
Current Income Taxes Payable	-	7.4	7.95	10.27	4.94	0.28
Current Unearned Revenue	23.99	18.42	38.91	39.99	10.03	10.32
Other Current Liabilities	23.92	1.6	68.15	5.15	2.1	5.96
Total Current Liabilities	290.18	276.84	387.39	276.33	272.91	253.06
Long-Term Debt	126.72	88.36	84.38	118.62	146.54	195.92
Long-Term Leases	-	84.25	125.69	112.36	137.23	49.9
Long-Term Deferred Tax Liabilities	10.32	10.22	13.01	23.96	41.29	45.75
Other Long-Term Liabilities	16.12	25.71	40.89	69.97	25.45	28.2
Total Liabilities	449.45	491.48	659.07	615.85	639.25	586.11
Common Stock	444.64	443.63	440.15	435.45	431	426.11
Additional Paid-In Capital	1,380	1,381	1,384	1,389	1,393	1,395
Retained Earnings	565.69	467.62	-50.88	-315.45	-465.46	-547.4
Treasury Stock	-9.07	-9.07	-9.07	-9.07	-9.07	-9.07
Comprehensive Income & Other	144.27	149.41	126.58	122.02	108.25	89.53
Total Common Equity	2,525	2,432	1,891	1,622	1,458	1,355
Minority Interest	-12.73	-5.46	-2.64	-6.62	-2.91	-7.82
Shareholders' Equity	2,513	2,427	1,889	1,615	1,455	1,347
Total Liabilities & Equity	2,962	2,919	2,548	2,231	2,094	1,933
Total Debt	188.08	231.56	272.34	314.84	390.28	311.75
Net Cash (Debt)	1,046	1,005	733.47	449.81	320.6	435.49
Net Cash Growth	50.84%	37.00%	63.06%	40.30%	-26.38%	16.58%
Net Cash Per Share	9.37	9.04	6.62	4.10	2.96	4.05
Filing Date Shares Outstanding	111.07	110.83	109.97	108.88	107.92	106.81
Total Common Shares Outstanding	111.07	110.83	109.95	108.88	107.92	106.81
Working Capital	1,421	1,432	1,108	919.88	830	835.43
Book Value Per Share	22.74	21.95	17.20	14.90	13.51	12.68
Tangible Book Value	2,514	2,420	1,877	1,603	1,440	1,337
Tangible Book Value Per Share	22.64	21.84	17.07	14.72	13.34	12.52
Land	-	429.19	429.28	432.07	430.26	363.13
Machinery	-	3,977	3,577	3,254	2,998	2,685

Source: S&P Capital IQ. Standard template. Financial Sources.