| Three Months Ended | Year Ended | |||||||||||||||||||
| (in millions USD) | December 31, 2022 | September 30, 2022 | December 31, 2021 | December 31, 2022 | December 31, 2021 | |||||||||||||||
| Gross profit | $ | 622 | $ | 610 | $ | 384 | $ | 2,239 | $ | 1,013 | ||||||||||
| Gross profit margin | 29.6 | % | 29.4 | % | 20.8 | % | 27.6 | % | 15.4 | % | ||||||||||
| Share based compensation | $ | 11 | $ | 11 | $ | 13 | $ | 64 | $ | 55 | ||||||||||
| Adjusted gross profit | $ | 633 | $ | 621 | $ | 397 | $ | 2,303 | $ | 1,068 | ||||||||||
| Adjusted gross margin | 30.1 | % | 29.9 | % | 21.5 | % | 28.4 | % | 16.2 | % | ||||||||||
| Operating profit (loss) | $ | 288 | $ | 357 | $ | 87 | $ | 1,167 | $ | (60 | ) | |||||||||
| Operating profit margin | 13.7 | % | 17.2 | % | 4.7 | % | 14.4 | % | (0.9 | )% | ||||||||||
| Share based compensation | $ | 43 | $ | 32 | $ | 55 | $ | 182 | $ | 228 | ||||||||||
| Restructuring charges (1) | $ | 94 | — | — | $ | 94 | — | |||||||||||||
| Adjusted operating profit | $ | 425 | $ | 389 | $ | 142 | $ | 1,443 | $ | 168 | ||||||||||
| Adjusted operating profit margin | 20.2 | % | 18.8 | % | 7.7 | % | 17.8 | % | 2.6 | % | ||||||||||
| Net income (loss) (2) | $ | 668 | $ | 336 | $ | 43 | $ | 1,446 | $ | (254 | ) | |||||||||
| Net income (loss) margin | 31.8 | % | 16.2 | % | 2.3 | % | 17.8 | % | (3.9 | )% | ||||||||||
| Share based compensation | $ | 43 | $ | 32 | $ | 55 | $ | 182 | $ | 228 | ||||||||||
| Restructuring charges (1) | $ | 94 | — | — | $ | 94 | — | |||||||||||||
| Income tax effect (3) | $ | (5 | ) | $ | — | $ | — | $ | (5 | ) | $ | — | ||||||||
| Adjusted net income (loss) (4) | $ | 800 | $ | 368 | $ | 98 | $ | 1,717 | $ | (26 | ) | |||||||||
| Adjusted net income (loss) margin | 38.1 | % | 17.7 | % | 5.3 | % | 21.2 | % | (0.4 | )% | ||||||||||
| Diluted earnings (loss) per share | $ | 1.21 | $ | 0.61 | $ | 0.08 | $ | 2.62 | $ | (0.49 | ) | |||||||||
| Share based compensation | $ | 0.07 | $ | 0.06 | $ | 0.10 | $ | 0.33 | $ | 0.44 | ||||||||||
| Restructuring charges (1) | $ | 0.17 | — | — | $ | 0.17 | — | |||||||||||||
| Income tax effect | $ | (0.01 | ) | — | — | $ | (0.01 | ) | — | |||||||||||
| Adjusted diluted earnings (loss) per share | $ | 1.44 | $ | 0.67 | $ | 0.18 | $ | 3.11 | $ | (0.05 | ) | |||||||||
GlobalFoundries Reports Fourth Quarter and Fiscal Year 2022 Financial Results
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