GlobalFoundries Results Presentation Deck
IFRS to Non-IFRS Reconciliations
(Unaudited, in millions USD except per share amounts)
Gross profit for the period
Gross profit margin
Share-based compensation
Adjusted gross profit(¹)
Adjusted gross profit margin(¹)
Net revenue
Selling, general and administrative
Share-based compensation
Adjusted selling.general and administrative
Research and development
Share-based compensation
Adjusted research and development
Operating profit (loss) for the period
Operating profit (loss) margin
Share-based compensation
Restructuring charges(2)
Adjusted operating profit (loss) (1)
Adiusted operating profit (loss) margin(¹)
Net revenue
Net income (loss) for the period (³)
Net income (loss) margin
Share-based compensation
(2)
Restructuring charges
Income tax effect(4)
Adiusted net income (loss)(1)(5)
Adjusted net income (loss) margin(¹)
Diluted earnings (loss) per share
Shares outstanding
Adjusted diluted earnings (loss) per share(1)
Net cash provided by (used in) operating
Less: Purchase of property, plant and equipment
Free cash flow(1)
Q1
$99
7.0%
$99
7.0%
$1,418
Q1
$91
$91
Q1
$103
$103
Q1
$(95)
(6.7)%
$(95)
(6.7)%
$1,418
Q1
$(127)
(9.0)%
$(127)
(9.0)%
$(0.25)
500
$(0.25)
Q1
Q2
$231
14.3%
36
$267
16.5%
$1,620
Q2
$202
$97
$105
Q2
$132
$11
$121
Q2
$(103)
(6.4)%
$144
$41
2.5%
$1,620
Q2
$(174)
(10.7)%
$144
$(30)
(1.9)%
$(0.35)
500
$(0.06)
Q2
2021
2021
2021
2021
2021
2021
Q3
$300
17.6%
6
$306
18.0%
$1,700
(3) Includes the gain on sale of our EFK business in December 2022.
(4) Relates to restructuring charges since Q4 2022.
(5) Reflects change to adjusted net income definition discussed in more detail elsewhere in this investor deck.
Q3
$134
$21
$113
Q3
$114
$2
$112
Q3
$52
3.1%
$29
$81
4.8%
$1,700
Q3
$5
0.3%
$29
$34
2.0%
$0.01
512
$0.07
Q3
|||
Q4
$384
20.8%
13
$397
21.5%
$1,847
Q4
$167
$33
$134
Q4
$130
$9
$121
Q4
$87
4.7%
$55
$142
7.7%
$1,847
Q4
$43
2.3%
$55
$98
5.3%
$0.08
540
$0.18
Q4
Q1
$469
24.2%
21
$490
25.3%
$1,940
Q1
$116
$27
$89
Q1
$128
$6
$122
Q1
$225
11.6%
$54
$279
14.4%
$1,940
Q1
$178
9.2%
$54
I
$232
12.0%
$0.33
549
$0.42
Q1
Q2
$538
27.0%
21
$559
28.0%
$1,993
Q2
$121
$24
$97
Q2
$120
$8
$112
Q2
$297
14.9%
$53
$350
17.6%
$1,993
Q2
$264
13.2%
$53
$317
15.9%
$0.48
550
$0.58
Q2
2022
2022
2022
2022
2022
2022
Q3
$610
29.4%
11
$621
29.9%
$2,074
Q3
$129
$15
$114
Q3
$124
$6
$118
Q3
$357
17.2%
$32
$389
18.8%
$2,074
Q3
$336
16.2%
$32
$368
17.7%
$0.61
553
$0.67
Q3
Q4
$622
29.6%
$11
$633
30.1%
$2,101
Q4
$130
$25
$105
Q4
$110
$7
$103
Q4
$288
13.7%
$43
94
$425
20.2%
$2,101
Q4
$668
31.8%
$43
94
$(5)
$800
38.1%
$1.21
554
$1.44
Q4
Q1
$515
28.0%
10
$525
28.5%
$1,841
Q1
$111
$17
$94
Q1
$109
$4
$105
Q1
$290
15.8%
$31
5
$326
17.7%
$1,841
Q1
$254
13.8%
$31
5
$-
$290
15.8%
$0.46
555
$0.52
Q1
2023
2023
2023
2023
2023
2023
(1) Adjusted gross profit, adjusted selling, general and administrative expense, adjusted research and development expense, adjusted operating profit (loss), adjusted net income (loss), adjusted diluted earnings per share, free cash flow and any related margins are all
Non-IFRS measures. See "Financial Measures (Non-IFRS)" for a discussion of why we believe these Non-IFRS measures are useful.
(2) Includes $3.1 million of share based compensation in Q4 2022.
Q2
$532
28.8%
14
$546
29.6%
$1,845
Q2
$132
$24
$108
Q2
$106
$6
$100
Q2
$275
14.9%
$44
19
$338
18.3%
$1,845
Q2
$237
12.8%
$44
19
$(3)
$297
16.1%
$0.43
556
$0.53
Q2
546
400
$146
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