GlobalFoundries Reports Second Quarter 2022 Financial Results

Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA

   Three Months Ended
(in millions USD)  June 30, 2022  March 31, 2022  June 30, 2021
       
Net income (loss) for the period  $ 264   $ 178   $ (174 )
Depreciation and amortization $411  $408  $408 
Finance expense $26  $29  $29 
Income tax expense $30  $29  $20 
Share based compensation $53  $54  $144 
Restructuring and corporate severance programs       $5 
(Gains) on transactions, legal settlements and transaction expenses               $ 34  
Adjusted EBITDA   $ 784     $ 698     $ 466  
Adjusted EBITDA margin     39.3 %     36.0 %     28.8 %



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