GlobalFoundries Results Presentation Deck
Statement of Operations (1)
(Unaudited, in millions except per share amounts)
Revenue
Cost of sales
Gross profit (loss)
Operating expenses:
Research and development
Sales, marketing, general and administrative
Total operating expenses
Impairment charge
Total non-operating expenses
Operating profit (loss)
Finance expense, net
Other income (loss)
Income tax benefit (expense)
Net income (loss)
Earnings (loss) per share:
Basic
Diluted
Shares used in earnings (loss) per share calculation
Basic
Diluted
Q1
$1,379
1,557
(178)
126
101
227
(404)
(38)
145
0
($297)
$(0.59)
$(0.59)
500
500
Q2
$1,318
1,501
(183)
117
109
226
2
2
(411)
(42)
252
(36)
($237)
2020
500
500
Q3
$1,091
1,225
(134)
117
99
216
(350)
(34)
35
56
($293)
Q4
500
500
$1,062
1,280
(218)
116
136
252
21
21
(491)
(38)
13
$(0.47) $(0.58) $(1.05)
$(0.47)
$(0.58)
$(1.05)
(8)
($524)
500
500
Q1
$1,418
1,319
99
103
91
194
(95)
(27)
6
(11)
($127)
$(0.25)
$(0.25)
500
500
Q2
$1,620
1,389
231
132
202
334
-
2021
(103)
(28)
(24)
(20)
($174)
$(0.35)
$(0.35)
500
500
Q3
$1,700 $1,847
1,400 1,463
300
384
114
134
248
-
52
(27)
2
(22)
$5
$0.01
$0.01
500
512
Q4
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130
167
297
-
-
87
(26)
8
(26)
$43
$0.08
$0.08
522
540
Twelve Months Ended
December 31, 2020
$4,851
5,563
(713)
476
445
921
23
23
(1,656)
(151)
444
12
($1,351)
$(2.70)
$(2.70)
500
500
December 31, 2021
$6,585
5,572
1,013
478
595
1,073
-
(60)
(108)
(8)
(78)
($254)
$(0.50)
$(0.50)
506
506
Note:
1. In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a
Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the quarter ended September 30, 2020
and December 31, 2020 would have been an estimated $309 million and $501 million higher than reported results, respectively.
GlobalFoundries™
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