Tower Semiconductor Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	193.22	218.81	207.22	519.53	266.47	154.08
Depreciation & Amortization	235.35	303.11	266.28	258.02	292.64	270.71
Other Adjustments	13.2	10.53	24.85	-8.68	30.38	-10.59
Change in Receivables	2.57	-10.5	-60.17	-3.16	-15.23	14.34
Changes in Inventories	18.68	11.8	4.78	8.68	-77.89	-44.19
Changes in Accounts Payable	12.25	-12.16	35.78	-8.25	-20.89	-25
Changes in Accrued Expenses	-	13.55	20.71	-71.37	63.99	14.17
Changes in Unearned Revenue	31.15	-1.83	-14.78	-35.68	-30.07	74.52
Changes in Other Operating Activities	165.7	-137.84	-35.99	17.47	20.43	-26.73
Operating Cash Flow	811.53	395.48	448.68	676.56	529.82	421.29
Operating Cash Flow Growth	87.61%	-11.86%	-33.68%	27.70%	25.76%	52.33%
Capital Expenditures	-378.03	-444.43	-436.15	-444.5	-366.4	-313.81
Sale of Property, Plant & Equipment	-	7.86	4.5	12.32	152.87	34.55
Purchases of Investments	-	38.47	31.35	-301.12	-1.04	-1.79
Proceeds from Sale of Investments	-346	-	0.06	12.46	2.57	-
Other Investing Activities	-	-	-	-	-117.45	-57.89
Investing Cash Flow	-724.03	-398.09	-400.24	-720.85	-329.45	-338.94
Long-Term Debt Issued	-11.06	13.81	81.81	24.18	-	96.14
Long-Term Debt Repaid	-	-47.16	-114.27	-56.53	-78.38	-173.46
Net Long-Term Debt Issued (Repaid)	-11.06	-33.35	-32.46	-32.35	-78.38	-77.32
Issuance of Common Stock	-	-	-	-	0.04	0.46
Net Common Stock Issued (Repurchased)	-	-	-	-	0.04	0.46
Other Financing Activities	-	-	-	1.93	11.69	-
Financing Cash Flow	-11.06	-33.35	-32.46	-30.41	-66.65	-76.86
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-4.46	-0.56	-4.76	-5.4	-3.89	-6.25
Net Cash Flow	71.98	-36.53	11.23	-80.1	129.83	-0.75
Free Cash Flow	433.5	-48.94	12.53	232.06	163.42	107.49
Free Cash Flow Growth	-	-	-94.60%	42.00%	52.04%	-
FCF Margin	26.73%	-3.13%	0.87%	16.31%	9.74%	7.13%
Free Cash Flow Per Share	7.63	-0.43	0.11	2.09	1.48	0.98
Levered Free Cash Flow	319.4	-80.67	16.03	210.52	67.99	22.37
Unlevered Free Cash Flow	290.68	-91.04	22.96	210.52	166.25	115.08

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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