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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS - OPERATING ACTIVITIES      
Net loss $ (29,127) $ (1,372) $ (107,660)
Income and expense items not involving cash flows:      
Depreciation and amortization 168,032 203,868 151,711
Financing expense associated with debentures series F 87,973 39,494 13,113
Effect of indexation, translation and fair value measurement on debt $ 16,078 (3,667) $ 4,091
Financing costs relating to Jazz notes exchange 9,817
Other expense, net $ 190 140 $ 904
Gain from acquisition (166,404)
Changes in assets and liabilities:      
Trade accounts receivable $ (11,115) (24,021) $ (5,194)
Other receivables and other current assets (14,979) 49,934 (3,647)
Inventories (17,908) (1,758) (780)
Trade accounts payable (26,162) 11,107 25
Deferred revenue and customers' advances 32,725 1,915 1,202
Other current liabilities 8,454 25,744 (38)
Deferred tax liability, net (4,173) (23,977) (11,453)
Other long-term liabilities (14,775) 4,517 $ (6)
Nishiwaki's employees termination payments (24,907) (27,572)
Net cash provided by operating activities 170,306 97,765 $ 42,268
CASH FLOWS - INVESTING ACTIVITIES      
Investments in property and equipment, net (a) (165,370) (50,209) (77,044)
Investments in other assets, intangible assets and others $ (119) (76) $ (409)
Acquisition of subsidiary consolidated for the first time (b) 57,582
Decrease (increase) in Interest bearing deposits $ (30,000) 10,000
Net cash provided by (used in) investing activities (195,489) 17,297 $ (77,453)
CASH FLOWS - FINANCING ACTIVITIES      
Proceeds from exercise of warrants and options $ 14,424 10,399 $ 105
Proceeds from issuance of debentures, net $ 9,214
Proceeds on account of shareholders' equity, net $ 38,851
Proceeds from long-term loans $ 70,592 $ 85,884
Short-term loan repayment to Panasonic (85,884)
Bank debt repayment $ (18,200) (41,181)
Debentures repayment (51,489) $ (10,230) $ (6,540)
TPSCo dividend to Panasonic (1,570)
Net cash provided by (used in) financing activities 13,757 $ (31,798) $ 32,416
Effect of foreign exchange rate change (166) (8,968) (7,758)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (11,592) 74,296 (10,527)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 187,167 112,871 123,398
CASH AND CASH EQUIVALENTS - END OF PERIOD 175,575 187,167 112,871
NON-CASH ACTIVITIES      
Investments in property and equipment $ 18,657 27,495 $ 11,161
Equity increase associated with Jazz notes exchange 9,609
Conversion of debentures to share capital and exercise of warrants $ 195,726 34,822
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid during the period for interest 12,371 34,042 $ 33,298
Cash paid (received) during the period for income taxes $ 3,469 (1,563) $ 190
ACQUISITION OF SUBSIDIARY CONSOLIDATED FOR THE FIRST TIME, SEE ALSO NOTE 3:      
Working capital (excluding cash and cash equivalents)   32,406  
Fixed assets   245,278  
Intangible assets   24,520  
Short-term loan   (85,249)  
Long-term liabilities   (93,602)  
Total   123,353  
Less:      
Share capital   14,531  
Paid-in capital 166,404
Bargain purchase   180,935  
Cash from the acquisition of a subsidiary consolidated for the first time $ 57,582