GlobalFoundries Reports Fourth Quarter and Fiscal Year 2021 Financial Results

   Three Months Ended  Years Ended
(in $M)  December 31, 2020  September 30, 2021  December 31, 2021  December 31, 2020  December 31, 2021
           
Net income (loss) for the period  $ (524 )   $ 5  $ 43  $ (1,351 )   $ (254 ) 
Adjustments:          
Depreciation and amortization $626  $415 $419 $2,523  $1,619 
Finance expense $38  $28 $28 $154  $114 
Income tax expense (benefit) $8  $22 $26   $(12)     $78  
Share based compensation         $29   $55   $1     $228  
Restructuring and corporate severance programs   $11     $2   $5   $16     $17  
(Gains) on transactions, legal settlements and transaction expenses   $7     $4   $8   $(356)     $46  
Adjusted EBITDA   $ 166     $ 505   $ 584   $ 976     $ 1,848  
                                     

Adjusted Financial Measures (Non-IFRS)

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