XML 89 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
REVENUES $ 828,008us-gaap_SalesRevenueNet $ 505,009us-gaap_SalesRevenueNet $ 638,831us-gaap_SalesRevenueNet
COST OF REVENUES 764,220us-gaap_CostOfRevenue 476,900us-gaap_CostOfRevenue 560,046us-gaap_CostOfRevenue
GROSS PROFIT 63,788us-gaap_GrossProfit 28,109us-gaap_GrossProfit 78,785us-gaap_GrossProfit
OPERATING COSTS AND EXPENSES      
Research and development 51,841us-gaap_ResearchAndDevelopmentExpense 33,064us-gaap_ResearchAndDevelopmentExpense 31,093us-gaap_ResearchAndDevelopmentExpense
Marketing, general and administrative 58,783us-gaap_SellingGeneralAndAdministrativeExpense 42,916us-gaap_SellingGeneralAndAdministrativeExpense 44,413us-gaap_SellingGeneralAndAdministrativeExpense
Nishiwaki Fab impairment 47,472us-gaap_AssetImpairmentCharges      
Nishiwaki Fab restructuring costs 8,028us-gaap_RestructuringCharges      
Amortization related to a lease agreement early termination    7,464us-gaap_ImpairmentOfLeasehold 5,789us-gaap_ImpairmentOfLeasehold
Acquisitions related and reorganization costs 1,229us-gaap_BusinessCombinationAcquisitionRelatedCosts      
TOTAL OPERATING COSTS AND EXPENSES 167,353us-gaap_OperatingExpenses 83,444us-gaap_OperatingExpenses 81,295us-gaap_OperatingExpenses
OPERATING LOSS (103,565)us-gaap_OperatingIncomeLoss (55,335)us-gaap_OperatingIncomeLoss (2,510)us-gaap_OperatingIncomeLoss
INTEREST EXPENSES, NET (33,409)us-gaap_InterestExpense (32,971)us-gaap_InterestExpense (31,808)us-gaap_InterestExpense
OTHER FINANCING EXPENSE, NET (55,404)us-gaap_NonoperatingIncomeExpense (27,838)us-gaap_NonoperatingIncomeExpense (27,583)us-gaap_NonoperatingIncomeExpense
GAIN FROM ACQUISITION 166,404tsem_GainsLossesOnBusinessAcquisition      
OTHER EXPENSE, NET (140)us-gaap_OtherNonoperatingIncomeExpense (904)us-gaap_OtherNonoperatingIncomeExpense (1,042)us-gaap_OtherNonoperatingIncomeExpense
LOSS BEFORE INCOME TAX (26,114)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (117,048)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (62,943)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAX BENEFIT (EXPENSE) 24,742us-gaap_IncomeTaxExpenseBenefit 9,388us-gaap_IncomeTaxExpenseBenefit (7,326)us-gaap_IncomeTaxExpenseBenefit
PROFIT (LOSS) (1,372)us-gaap_ProfitLoss (107,660)us-gaap_ProfitLoss (70,269)us-gaap_ProfitLoss
Net loss attributable to non controlling interest (5,635)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest      
NET PROFIT (LOSS) ATTRIBUTABLE TO THE COMPANY $ 4,263us-gaap_NetIncomeLoss $ (107,660)us-gaap_NetIncomeLoss $ (70,269)us-gaap_NetIncomeLoss
BASIC EARNING (LOSS) PER ORDINARY SHARE      
Earnings (loss) per share $ 0.08us-gaap_EarningsPerShareBasic $ (2.72)us-gaap_EarningsPerShareBasic $ (3.17)us-gaap_EarningsPerShareBasic
Weighted average number of ordinary shares outstanding - in thousands 51,798us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 39,633us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 22,173us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
DILUTED EARNING PER ORDINARY SHARE      
Earnings per share $ 0.07us-gaap_EarningsPerShareDiluted    
Weighted average number of ordinary shares outstanding - in thousands 63,182us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding