GlobalFoundries Results Presentation Deck
2021 Financial Summary
(Unaudited, in millions, except per share data and wafer shipments) 1,2
Revenue
Gross profit (loss)
Gross margin
Adjusted gross profit (loss)
Adjusted gross margin
Operating profit (loss)
Operating margin
Adjusted operating profit (loss)
Adjusted operating margin
Net income (loss)
Net income (loss) margin
Adjusted net income (loss)
Adjusted net income (loss) margin
Diluted earnings per share (EPS)
Adjusted diluted EPS
Adjusted EBITDA
Adjusted EBITDA margin
Cash from operations
Wafer shipments (300MM Equivalent) (in
thousands)
FY 2020
$4,851
$(713)
(14.7)%
$(713)
(14.7)%
$(1,656)
(34.1)%
$(1,655)
(34.1)%
$(1,351)
(27.8)%
$(1,350)
(27.8)%
$(2.70)
$(2.70)
$976
20.1%
$1,006
2,030
FY 2021
$6,585
$1,013
15.4%
$1,068
16.2%
$(60)
(0.9)%
$168
2.6%
$(254)
(3.9)%
$(26)
(0.4)%
$(0.50)
$(0.05)
$1,848
28.1%
$2,839
2,374
Year-over-year
FY20 vs FY21
$1,734
$1,726
GlobalFoundries © 2022 All Rights Reserved
$1,781
$1,596
$1,823
$1,097
$1,324
$2.20
$2.65
$872
$1,833
344
36%
242%
+3008bps
250%
+3092bps
96%
+3323bps
110%
+3667bps
81%
+2399bps
98%
+2744bps
81%
98%
89%
+794bps
182%
17%
Note:
1. Adjusted gross profit, adjusted operating profit, adjusted net income, adjusted EBITDA, and adjusted diluted earnings per share are adjusted non-IFRS metrics; please see the reconciliation of IFRS to adjusted non-IFRS
metrics in the Appendix.
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 year ended December 31, 2020 would have been an estimated
$810 million higher than reported results.
GlobalFoundries™
11View entire presentation