XML 65 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 187,167us-gaap_CashAndCashEquivalentsAtCarryingValue $ 112,871us-gaap_CashAndCashEquivalentsAtCarryingValue
Designated Interest bearing deposits    10,000us-gaap_OtherShortTermInvestments
Trade accounts receivable 99,166us-gaap_AccountsReceivableNetCurrent 80,316us-gaap_AccountsReceivableNetCurrent
Other receivables 5,759us-gaap_OtherReceivablesNetCurrent 10,943us-gaap_OtherReceivablesNetCurrent
Inventories 87,873us-gaap_InventoryNet 64,804us-gaap_InventoryNet
Other current assets 14,119us-gaap_OtherAssetsCurrent 11,480us-gaap_OtherAssetsCurrent
Total current assets 394,084us-gaap_AssetsCurrent 290,414us-gaap_AssetsCurrent
LONG-TERM INVESTMENTS 11,896us-gaap_LongTermInvestments 14,494us-gaap_LongTermInvestments
PROPERTY AND EQUIPMENT, NET 419,111us-gaap_PropertyPlantAndEquipmentNet 350,039us-gaap_PropertyPlantAndEquipmentNet
INTANGIBLE ASSETS, NET 42,037us-gaap_IntangibleAssetsNetExcludingGoodwill 32,393us-gaap_IntangibleAssetsNetExcludingGoodwill
GOODWILL 7,000us-gaap_Goodwill 7,000us-gaap_Goodwill
OTHER ASSETS, NET 10,018us-gaap_OtherAssetsNoncurrent 11,547us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 884,146us-gaap_Assets 705,887us-gaap_Assets
CURRENT LIABILITIES    
Current maturities of loans and debentures 119,999tsem_ShortTermBankDebtAndCurrentMaturitiesOfNotes 36,441tsem_ShortTermBankDebtAndCurrentMaturitiesOfNotes
Trade accounts payable 98,632us-gaap_AccountsPayableCurrent 66,358us-gaap_AccountsPayableCurrent
Deferred revenue and short-term customers' advances 5,478us-gaap_DeferredRevenueCurrent 3,166us-gaap_DeferredRevenueCurrent
Employee related liabilities, inc. Nishiwaki retirement allowance 59,597us-gaap_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent 25,957us-gaap_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
Other current liabilities 16,619us-gaap_OtherLiabilitiesCurrent 7,994us-gaap_OtherLiabilitiesCurrent
Total current liabilities 300,325us-gaap_LiabilitiesCurrent 139,916us-gaap_LiabilitiesCurrent
LONG-TERM LOANS FROM BANKS 159,776us-gaap_LoansPayableFairValueDisclosure 108,739us-gaap_LoansPayableFairValueDisclosure
DEBENTURES 107,311us-gaap_ConvertibleDebtFairValueDisclosures 208,146us-gaap_ConvertibleDebtFairValueDisclosures
LONG-TERM CUSTOMERS' ADVANCES 6,272us-gaap_CustomerAdvancesNoncurrent 7,187us-gaap_CustomerAdvancesNoncurrent
EMPLOYEE RELATED LIABILITIES 16,699us-gaap_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent 65,337us-gaap_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
DEFERRED TAX LIABILITY 75,278us-gaap_DeferredTaxLiabilitiesNoncurrent 13,611us-gaap_DeferredTaxLiabilitiesNoncurrent
OTHER LONG-TERM LIABILITIES 22,924us-gaap_OtherLiabilitiesNoncurrent 21,703us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 688,585us-gaap_Liabilities 564,639us-gaap_Liabilities
Ordinary shares of NIS 15 par value; Authorized: 150,000 shares as of December 31, 2014 and 2013, respectively; Issued: 58,120 and 47,956 shares as of December 31, 2014 and 2013, respectively; Outstanding: 58,034 and 47,870 shares as of December 31, 2014 and 2013, respectively. 235,117us-gaap_CommonStockValue 192,776us-gaap_CommonStockValue
Additional paid-in capital 1,137,946us-gaap_AdditionalPaidInCapital 1,084,011us-gaap_AdditionalPaidInCapital
Capital notes 60,704us-gaap_OtherAdditionalCapital 92,549us-gaap_OtherAdditionalCapital
Cumulative stock based compensation 50,017tsem_AccumulatedShareBasedCompensation 45,380tsem_AccumulatedShareBasedCompensation
Accumulated other comprehensive loss (25,726)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (16,126)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Accumulated deficit (1,244,007)us-gaap_RetainedEarningsAccumulatedDeficit (1,248,270)us-gaap_RetainedEarningsAccumulatedDeficit
SHAREHOLDERS' EQUITY, before treasury stock 214,051us-gaap_StockholdersEquityBeforeTreasuryStock 150,320us-gaap_StockholdersEquityBeforeTreasuryStock
Treasury stock, at cost - 86 shares (9,072)us-gaap_TreasuryStockValue (9,072)us-gaap_TreasuryStockValue
THE COMPANY'S SHAREHOLDERS' EQUITY 204,979us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 141,248us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Non controlling interest (9,418)us-gaap_MinorityInterest   
TOTAL EQUITY 195,561us-gaap_StockholdersEquity 141,248us-gaap_StockholdersEquity
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 884,146us-gaap_LiabilitiesAndStockholdersEquity $ 705,887us-gaap_LiabilitiesAndStockholdersEquity