Tower Semiconductor (TSEM) annual balance sheet covering fiscal 2012 through 2017, as reported to the SEC.
Total assets have grown 15.5% a year on average since fiscal 2012, from $814.24M to $1.67B.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
CURRENT ASSETS | |||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||
445,961 | 355,284 | 175,575 | 187,167 | 112,871 | 123,398 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | 445,961 | 355,284 | 175,575 | 187,167 | 112,871 | 123,398 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Marketable securities | |||||||||||||||||||||
113,874 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Marketable securities | 113,874 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short term deposits | |||||||||||||||||||||
- | 34,093 | 30,000 | - | 10,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short term deposits | - | 34,093 | 30,000 | - | 10,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest bearing deposits, including designated deposits | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest bearing deposits, including designated deposits | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Trade accounts receivable | |||||||||||||||||||||
149,666 | 141,048 | 110,065 | 99,166 | 80,316 | 79,354 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Trade accounts receivable | 149,666 | 141,048 | 110,065 | 99,166 | 80,316 | 79,354 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other receivables | |||||||||||||||||||||
- | - | - | 5,759 | 10,943 | 5,379 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other receivables | - | - | - | 5,759 | 10,943 | 5,379 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Inventories | |||||||||||||||||||||
143,315 | 137,532 | 105,681 | 87,873 | 64,804 | 65,570 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Inventories | 143,315 | 137,532 | 105,681 | 87,873 | 64,804 | 65,570 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other current assets | |||||||||||||||||||||
21,516 | 30,041 | 25,406 | 14,119 | 11,480 | 14,405 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other current assets | 21,516 | 30,041 | 25,406 | 14,119 | 11,480 | 14,405 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current assets | |||||||||||||||||||||
874,332 | 697,998 | 446,727 | 394,084 | 290,414 | 298,106 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current assets | 874,332 | 697,998 | 446,727 | 394,084 | 290,414 | 298,106 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LONG-TERM INVESTMENTS | |||||||||||||||||||||
26,073 | 25,624 | 11,737 | 11,896 | 14,494 | 12,963 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
LONG-TERM INVESTMENTS | 26,073 | 25,624 | 11,737 | 11,896 | 14,494 | 12,963 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
PROPERTY AND EQUIPMENT, NET | |||||||||||||||||||||
635,124 | 616,686 | 459,533 | 419,111 | 350,039 | 434,468 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PROPERTY AND EQUIPMENT, NET | 635,124 | 616,686 | 459,533 | 419,111 | 350,039 | 434,468 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
INTANGIBLE ASSETS, NET | |||||||||||||||||||||
19,841 | 28,129 | 34,468 | 42,037 | 32,393 | 47,936 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
INTANGIBLE ASSETS, NET | 19,841 | 28,129 | 34,468 | 42,037 | 32,393 | 47,936 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
GOODWILL | |||||||||||||||||||||
7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
GOODWILL | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
DEFERRED TAX AND OTHER LONG-TERM ASSETS, NET | |||||||||||||||||||||
111,269 | 4,447 | 5,903 | 10,018 | 11,547 | 13,768 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
DEFERRED TAX AND OTHER LONG-TERM ASSETS, NET | 111,269 | 4,447 | 5,903 | 10,018 | 11,547 | 13,768 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL ASSETS | |||||||||||||||||||||
1,673,639 | 1,379,884 | 965,368 | 884,146 | 705,887 | 814,241 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL ASSETS | 1,673,639 | 1,379,884 | 965,368 | 884,146 | 705,887 | 814,241 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||||
Current maturities of loans, leases and debentures | |||||||||||||||||||||
105,958 | 48,084 | 33,259 | 119,999 | 36,441 | 49,923 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current maturities of loans, leases and debentures | 105,958 | 48,084 | 33,259 | 119,999 | 36,441 | 49,923 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Trade accounts payable | |||||||||||||||||||||
115,347 | 99,262 | 91,773 | 98,632 | 66,358 | 81,372 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Trade accounts payable | 115,347 | 99,262 | 91,773 | 98,632 | 66,358 | 81,372 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred revenue and customers' advances | |||||||||||||||||||||
14,338 | 26,169 | 23,373 | 5,478 | 3,166 | 1,784 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred revenue and customers' advances | 14,338 | 26,169 | 23,373 | 5,478 | 3,166 | 1,784 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Employee related liabilities | |||||||||||||||||||||
50,844 | 49,517 | 44,734 | 59,597 | 25,957 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Employee related liabilities | 50,844 | 49,517 | 44,734 | 59,597 | 25,957 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other current liabilities | |||||||||||||||||||||
15,886 | 24,083 | 17,980 | 16,619 | 7,994 | 36,240 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other current liabilities | 15,886 | 24,083 | 17,980 | 16,619 | 7,994 | 36,240 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current liabilities | |||||||||||||||||||||
302,373 | 247,115 | 211,119 | 300,325 | 139,916 | 169,319 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current liabilities | 302,373 | 247,115 | 211,119 | 300,325 | 139,916 | 169,319 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LONG-TERM DEBT | |||||||||||||||||||||
Debentures | |||||||||||||||||||||
128,368 | 162,981 | 45,481 | 107,311 | 208,146 | 193,962 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Debentures | 128,368 | 162,981 | 45,481 | 107,311 | 208,146 | 193,962 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other long-term debt | |||||||||||||||||||||
100,355 | 133,163 | 210,538 | 159,776 | 108,739 | 94,992 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other long-term debt | 100,355 | 133,163 | 210,538 | 159,776 | 108,739 | 94,992 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LONG-TERM CUSTOMERS' ADVANCES | |||||||||||||||||||||
31,908 | 41,874 | 21,102 | 6,272 | 7,187 | 7,407 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
LONG-TERM CUSTOMERS' ADVANCES | 31,908 | 41,874 | 21,102 | 6,272 | 7,187 | 7,407 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
EMPLOYEE RELATED LIABILITIES | |||||||||||||||||||||
14,662 | 14,176 | 14,189 | 16,699 | 65,337 | 77,963 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
EMPLOYEE RELATED LIABILITIES | 14,662 | 14,176 | 14,189 | 16,699 | 65,337 | 77,963 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
DEFERRED TAX LIABILITY | |||||||||||||||||||||
63,924 | 95,233 | 69,744 | 75,278 | 13,611 | 26,405 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
DEFERRED TAX LIABILITY | 63,924 | 95,233 | 69,744 | 75,278 | 13,611 | 26,405 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
OTHER LONG-TERM LIABILITIES | |||||||||||||||||||||
2,343 | 2,728 | 7,609 | 22,924 | 21,703 | 24,168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
OTHER LONG-TERM LIABILITIES | 2,343 | 2,728 | 7,609 | 22,924 | 21,703 | 24,168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL LIABILITIES | |||||||||||||||||||||
643,933 | 697,270 | 579,782 | 688,585 | 564,639 | 594,216 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL LIABILITIES | 643,933 | 697,270 | 579,782 | 688,585 | 564,639 | 594,216 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Ordinary shares of NIS 15 par value: 150,000 authorized as of December 31, 2017 and 2016 98,544 and 98,458 issued and outstanding, respectively, as of December 31, 2017 93,071 and 92,985 issued and outstanding, respectively, as of December 31, 2016 | |||||||||||||||||||||
- | 369,057 | 326,572 | 235,117 | 192,776 | 87,280 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Ordinary shares of NIS 15 par value: 150,000 authorized as of December 31, 2017 and 2016 98,544 and 98,458 issued and outstanding, respectively, as of December 31, 2017 93,071 and 92,985 issued and outstanding, respectively, as of December 31, 2016 | - | 369,057 | 326,572 | 235,117 | 192,776 | 87,280 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
- | 1,318,725 | 1,273,545 | 1,137,946 | 1,084,011 | 937,814 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | - | 1,318,725 | 1,273,545 | 1,137,946 | 1,084,011 | 937,814 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Capital notes | |||||||||||||||||||||
- | 41,264 | 48,553 | 60,704 | 92,549 | 305,262 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Capital notes | - | 41,264 | 48,553 | 60,704 | 92,549 | 305,262 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cumulative stock based compensation | |||||||||||||||||||||
- | 68,921 | 58,209 | 50,017 | 45,380 | 42,826 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cumulative stock based compensation | - | 68,921 | 58,209 | 50,017 | 45,380 | 42,826 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive loss | |||||||||||||||||||||
- | -27,827 | -26,810 | -25,726 | -16,126 | -3,475 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive loss | - | -27,827 | -26,810 | -25,726 | -16,126 | -3,475 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated deficit | |||||||||||||||||||||
- | -1,071,036 | -1,273,654 | -1,244,007 | -1,248,270 | -1,140,610 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated deficit | - | -1,071,036 | -1,273,654 | -1,244,007 | -1,248,270 | -1,140,610 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
SHAREHOLDERS' EQUITY, before treasury stock | |||||||||||||||||||||
- | 699,104 | 406,415 | 214,051 | 150,320 | 229,097 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
SHAREHOLDERS' EQUITY, before treasury stock | - | 699,104 | 406,415 | 214,051 | 150,320 | 229,097 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Treasury stock, at cost - 86 shares | |||||||||||||||||||||
- | 9,072 | 9,072 | 9,072 | 9,072 | 9,072 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Treasury stock, at cost - 86 shares | - | 9,072 | 9,072 | 9,072 | 9,072 | 9,072 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
THE COMPANY'S SHAREHOLDERS' EQUITY | |||||||||||||||||||||
1,036,060 | 690,032 | 397,343 | 204,979 | 141,248 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
THE COMPANY'S SHAREHOLDERS' EQUITY | 1,036,060 | 690,032 | 397,343 | 204,979 | 141,248 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-controlling interest | |||||||||||||||||||||
-6,354 | -7,418 | -11,757 | -9,418 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Non-controlling interest | -6,354 | -7,418 | -11,757 | -9,418 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL EQUITY | |||||||||||||||||||||
1,029,706 | 682,614 | 385,586 | 195,561 | 141,248 | 220,025 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL EQUITY | 1,029,706 | 682,614 | 385,586 | 195,561 | 141,248 | 220,025 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
1,673,639 | 1,379,884 | 965,368 | 884,146 | 705,887 | 814,241 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,673,639 | 1,379,884 | 965,368 | 884,146 | 705,887 | 814,241 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||