Tower Semiconductor LTD cash flow statement

In fiscal 2025, Tower Semiconductor LTD's operations generated $395m of cash; it spent $444m on capital projects, leaving free cash flow of −$48.9m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Tower Semiconductor LTD: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	37	121	108	95	42	98	170	327	356	313	291	277	421	530	677	449	395
Depreciation and amortisation	143	143	163	174	152	204	168	198	208	214	214	241	271	293	258	266	303
Stock-based pay	3	6	8	6	3	5	8	9	12	13	15	17	25	24	28	34	38
Capital spending	28	105	117	104	77	96	172	217	188	210	191	314	314	366	445	436	444
Free cash flow	9	16	−9	−9	−35	2	−2	110	168	103	100	−37	107	163	232	13	−49
Free cash flow after stock pay	6	10	−17	−14	−38	−3	−9	101	156	90	85	−54	82	139	204	−21	−87
Shares issued	53	159	23	105	39	20	—	—	—	—	—	—	—	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Tower Semiconductor LTD's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Tower Semiconductor LTD.