GlobalFoundries Reports Second Quarter 2022 Financial Results

Unaudited Reconciliation of IFRS to Adjusted Non-IFRS

   Three Months Ended
(in millions USD)  June 30, 2022  March 31, 2022  June 30, 2021
       
Gross profit  $ 538   $ 469   $ 231 
Gross profit margin  27.0%  24.2%  14.3%
Share based compensation $21  $21  $36 
Adjusted gross profit   $ 559   $ 490   $ 267 
Adjusted gross profit margin  28.0%  25.3%  16.5%
            
Operating profit (loss)   $ 297     $ 225     $ (103 )
Operating profit (loss) margin     14.9 %     11.6 %   (6.4 )%
Share based compensation   $ 53     $ 54     $ 144  
Adjusted operating profit   $ 350     $ 279     $ 41  
Adjusted operating profit margin     17.6 %     14.4 %     2.5 %
             
Net income (loss)   $ 264     $ 178     $ (174 )
Net income (loss) margin     13.2 %     9.2 %   (10.7 )%
Share based compensation   $ 53     $ 54     $ 144  
Adjusted net income (loss)   $ 317     $ 232     $ (30 )
Adjusted net income (loss) margin     15.9 %     12.0 %   (1.9 )%
             
Diluted earnings (loss) per share   $ 0.48     $ 0.33     $ (0.35 )
Share based compensation   $ 0.10     $ 0.09     $ 0.29  
Adjusted diluted earnings (loss) per share   $ 0.58     $ 0.42     $ (0.06 )



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