GlobalFoundries Results Presentation Deck
Key Q3'21 Results
Wafer Shipments
300mm equivalents
+ 27%
478
Q3'20
609
Q3'21
+56%
1,091
Revenue (2)
Q3'20
$ in millions
1,700
Q3'21
Adjusted EBITDA & Margin (1)
$ in millions
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+84%
275
25.2%
Q3'20
505
29.7%
Q3'21
Notes:
1. Adjusted EBITDA is defined as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization adjusted for share-based compensation expense, one-time transaction gains and associated
expenses, one-time restructuring charges and litigation settlements
2.
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 periods ended September 30, 2020 and December 31, 2020 would have been
an estimated $309 million and $501 million higher than reported results, respectively.
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