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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	270.98	260.66	340.76	210.93	211.68	355.56
Short-Term Investments	934.04	975.78	665.05	553.72	499.2	391.68
Cash & Short-Term Investments	1,205	1,236	1,006	764.65	710.88	747.24
Cash Growth	-2.00%	22.93%	31.54%	7.56%	-4.87%	16.57%
Accounts Receivable	195.79	154.07	152.94	142.23	162.1	126.97
Other Receivables	-	24.86	24.54	18.03	23.82	13.75
Receivables	195.79	178.93	177.47	160.26	185.92	140.72
Inventory	272.38	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	41.1	-	-	-	-	-
Total Current Assets	1,714	1,709	1,495	1,196	1,103	1,088
Property, Plant & Equipment	1,295	1,166	972.61	890.8	858.16	699.77
Long-Term Investments	-	6.78	6.72	32.03	40.89	40.85
Goodwill	-	7	7	7	7	7
Other Intangible Assets	10.77	5.12	7.03	11.82	10.96	10.28
Long-Term Deferred Tax Assets	-	1.81	32.79	53.53	57.8	66.36
Other Long-Term Assets	39.53	22.96	26.28	39.87	16.42	20.09
Total Assets	3,060	2,919	2,548	2,231	2,094	1,933
Accounts Payable	129.7	139.13	150.93	78.71	96.94	119.2
Accrued Expenses	-	51.34	59.17	58.34	52.4	51.36
Current Portion of Long-Term Debt	61.69	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	27.94	18.42	38.91	39.99	10.03	10.32
Other Current Liabilities	75.24	1.6	68.15	5.15	2.1	5.96
Total Current Liabilities	294.57	276.84	387.39	276.33	272.91	253.06
Long-Term Debt	131.61	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	15.86	10.22	13.01	23.96	41.29	45.75
Other Long-Term Liabilities	10.12	25.71	40.89	69.97	25.45	28.2
Total Liabilities	452.17	491.48	659.07	615.85	639.25	586.11
Common Stock	2,608	443.63	440.15	435.45	431	426.11
Additional Paid-In Capital	-	1,381	1,384	1,389	1,393	1,395
Retained Earnings	-	467.62	-50.88	-315.45	-465.46	-547.4
Treasury Stock	-	-9.07	-9.07	-9.07	-9.07	-9.07
Comprehensive Income & Other	-	149.41	126.58	122.02	108.25	89.53
Total Common Equity	2,608	2,432	1,891	1,622	1,458	1,355
Minority Interest	-	-5.46	-2.64	-6.62	-2.91	-7.82
Shareholders' Equity	2,608	2,427	1,889	1,615	1,455	1,347
Total Liabilities & Equity	3,060	2,919	2,548	2,231	2,094	1,933
Total Debt	193.31	231.56	272.34	314.84	390.28	311.75
Net Cash (Debt)	1,012	1,005	733.47	449.81	320.6	435.49
Net Cash Growth	0.97%	37.00%	63.06%	40.30%	-26.38%	16.58%
Net Cash Per Share	9.04	9.04	6.62	4.10	2.96	4.05
Filing Date Shares Outstanding	111.24	110.83	109.97	108.88	107.92	106.81
Total Common Shares Outstanding	111.24	110.83	109.95	108.88	107.92	106.81
Working Capital	1,420	1,432	1,108	919.88	830	835.43
Book Value Per Share	23.44	21.95	17.20	14.90	13.51	12.68
Tangible Book Value	2,597	2,420	1,877	1,603	1,440	1,337
Tangible Book Value Per Share	23.35	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.