TSEM
Income statement / Annual
Last year (2023), Tower Semiconductor Ltd.'s total revenue was $1.42 B,
a decrease of 15.20% from the previous year.
In 2023, Tower Semiconductor Ltd.'s net income was $518.49 M.
See Tower Semiconductor Ltd.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.42 B
|
$1.68 B
|
$1.51 B
|
$1.27 B
|
$1.23 B
|
$1.30 B
|
$1.39 B
|
$1.25 B
|
$960.56 M
|
$828.01 M
|
| Cost of Revenue |
$1.07 B |
$1.21 B |
$1.18 B |
$1.03 B |
$1.00 B |
$1.01 B |
$1.03 B |
$946.53 M |
$755.20 M |
$764.22 M |
| Gross Profit |
$353.52 M |
$466.31 M |
$329.12 M |
$233.32 M |
$229.67 M |
$292.95 M |
$354.31 M |
$303.10 M |
$205.37 M |
$63.79 M |
| Gross Profit Ratio |
0.25 |
0.28 |
0.22 |
0.18 |
0.19 |
0.22 |
0.26 |
0.24 |
0.21 |
0.08 |
| Research and Development
Expenses |
$79.81 M
|
$83.91 M
|
$85.39 M
|
$78.32 M
|
$75.58 M
|
$73.05 M
|
$67.66 M
|
$63.13 M
|
$61.67 M
|
$51.84 M
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$72.45 M
|
$80.28 M
|
$77.22 M
|
$63.97 M
|
$67.38 M
|
$64.95 M
|
$66.80 M
|
$65.44 M
|
$62.79 M
|
$58.78 M
|
| Other Expenses |
-$346.01 M |
-$6.93 M |
$1.46 M |
-$5.22 M |
$4.29 M |
-$2.44 M |
-$2.63 M |
$9.32 M |
-$190,000.00 |
-$140,000.00 |
| Operating Expenses |
-$193.75 M |
$164.19 M |
$162.61 M |
$142.29 M |
$142.96 M |
$138.00 M |
$134.46 M |
$128.57 M |
$124.46 M |
$110.62 M |
| Cost And Expenses |
$875.42 M |
$1.38 B |
$1.34 B |
$1.17 B |
$1.15 B |
$1.15 B |
$1.17 B |
$1.08 B |
$879.66 M |
$874.84 M |
| Interest Income |
$39.99 M |
$13.60 M |
$5.37 M |
$8.48 M |
$12.95 M |
$10.76 M |
$4.15 M |
-$1.60 M |
$0.00 |
$0.00 |
| Interest Expense |
$8.26 M |
$5.69 M |
$9.09 M |
$9.80 M |
$6.82 M |
$10.61 M |
$12.62 M |
$13.15 M |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$258.02 M
|
$292.64 M
|
$270.71 M
|
$240.53 M
|
$214.47 M
|
$214.39 M
|
$208.41 M
|
$197.61 M
|
$168.03 M
|
$243.36 M
|
| EBITDA |
$459.28 M
|
$594.75 M
|
$437.22 M
|
$331.56 M
|
$301.19 M
|
$369.33 M
|
$428.25 M
|
$372.13 M
|
$248.94 M
|
$183.84 M
|
| EBITDA Ratio |
0.32 |
0.35 |
0.29 |
0.26 |
0.24 |
0.28 |
0.31 |
0.26 |
0.28 |
0.1 |
| Operating Income Ratio
|
0.38
|
0.19
|
0.11
|
0.07
|
0.07
|
0.12
|
0.16
|
0.14
|
0.09
|
-0.13
|
| Total Other
Income/Expenses Net |
$37.58 M
|
-$19.70 M
|
-$11.41 M
|
-$2.35 M
|
$4.31 M
|
-$15.63 M
|
-$18.07 M
|
$35.44 M
|
-$123.30 M
|
$77.45 M
|
| Income Before Tax |
$584.84 M |
$291.97 M |
$155.10 M |
$88.69 M |
$91.02 M |
$139.32 M |
$201.77 M |
$210.60 M |
-$41.41 M |
-$26.11 M |
| Income Before Tax Ratio
|
0.41
|
0.17
|
0.1
|
0.07
|
0.07
|
0.11
|
0.15
|
0.17
|
-0.04
|
-0.03
|
| Income Tax Expense |
$65.31 M |
$25.50 M |
$1.02 M |
$5.40 M |
$2.95 M |
$5.94 M |
-$99.89 M |
$1.43 M |
-$12.28 M |
-$24.74 M |
| Net Income |
$518.49 M |
$264.57 M |
$150.01 M |
$82.30 M |
$90.05 M |
$135.58 M |
$298.01 M |
$203.92 M |
-$29.65 M |
$4.26 M |
| Net Income Ratio |
0.36 |
0.16 |
0.1 |
0.07 |
0.07 |
0.1 |
0.21 |
0.16 |
-0.03 |
0.01 |
| EPS |
4.7 |
2.42 |
1.39 |
0.77 |
0.85 |
1.35 |
3.08 |
2.33 |
-0.4 |
0.08 |
| EPS Diluted |
4.66 |
2.39 |
1.37 |
0.76 |
0.84 |
1.32 |
2.9 |
2.09 |
-0.4 |
0.07 |
| Weighted Average Shares
Out |
$110.29 M
|
$109.35 M
|
$108.28 M
|
$107.25 M
|
$106.26 M
|
$100.40 M
|
$96.65 M
|
$87.48 M
|
$74.37 M
|
$51.80 M
|
| Weighted Average Shares
Out Diluted |
$111.22 M
|
$110.75 M
|
$109.80 M
|
$108.48 M
|
$107.44 M
|
$102.52 M
|
$105.95 M
|
$101.30 M
|
$74.37 M
|
$63.18 M
|
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