GlobalFoundries Reports Third Quarter 2024 Financial Results

(1) Non-IFRS adjusted free cash flow is a Non-IFRS measure. See “Financial Measures (Non-IFRS)” for a discussion of why we believe these Non-IFRS measures are useful.

(2) Beginning Q1 2024 Non-IFRS adjusted free cash flow includes proceeds from government grants related to capital expenditures. This change in methodology is in anticipation of future expected proceeds from government grants related to capital expenditures from the planned funding awarded under the U.S. CHIPS and Science Act and the New York State Green CHIPS, and better aligns our Non-IFRS adjusted free cash flow metric to how GF assesses capital decisions internally. As such, prior periods have not been adjusted to reflect this new calculation methodology.

 
Reconciliation of IFRS to Non-IFRS

Non-IFRS Adjusted EBITDA
(Unaudited, in millions)
 
   Three Months Ended
   September 30, 2024  June 30, 2024  September 30, 2023
       
Net revenue  $ 1,739   $ 1,632   $ 1,852 
Net income for the period  178   155   249 
Net income margin  10.2%  9.5%  13.4%
Depreciation and amortization  396   402   366 
Finance expense  37   37   37 
Finance income   (52 )     (53 )     (40 )
Income tax expense (benefit)     17       12       (6 )
Share-based compensation     50       52       44  
Restructuring charges     1       5       17  
Non-IFRS adjusted EBITDA (1)(2)   $ 627     $ 610     $ 667  
Non-IFRS adjusted EBITDA margin (1)(2)     36.1 %     37.4 %     36.0 %
                         

<

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise