GlobalFoundries Reports Second Quarter 2024 Financial Results

(1) Beginning in Q3 2023, selling, general and administrative includes (gain)/loss on tool sales and certain contract cancellation fees. Prior period amounts have not been adjusted, as they are immaterial.

Unaudited Consolidated Statements of Financial Position
 
(in millions USD)  June 30, 2024  December 31, 2023
     
Assets:    
Cash and cash equivalents $2,184  $2,387 
Receivables, prepayments and other  1,127   1,420 
Marketable securities  1,183   1,033 
Inventories  1,786   1,487 
Current assets  $ 6,280   $ 6,327 
Deferred tax assets $211  $241 
Property, plant, and equipment, net  9,234   9,829  
Right of use assets     510       335  
Marketable securities     778       468  
Other assets     914       844  
Non-current assets   $ 11,647     $ 11,717  
Total assets   $ 17,927     $ 18,044  
Liabilities and equity:        
Current portion of long-term debt   $ 534     $ 571  
Other current liabilities     2,300       2,528  
Current liabilities   $ 2,834     $ 3,099  
Non-current portion of long-term debt   $ 1,687     $ 1,801  
Non-current portion of lease obligations     445       350  
Other liabilities     1,662       1,643  
Non-current liabilities   $ 3,794     $ 3,794  
Total liabilities   $ 6,628     $ 6,893  
Shareholders' equity:        
Common stock / additional paid-in capital   $ 23,925     $ 24,038  
Accumulated deficit     (12,713 )     (13,001 )
Accumulated other comprehensive income     40       67  
Non-controlling interest     47       47  
Total liabilities and equity   $ 17,927     $ 18,044  
                 



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