GlobalFoundries Reports Third Quarter 2021 Financial Results

Reconciliation of Net Income (Loss) to Adjusted EBITDA 1

   Three Months Ended 
(in millions USD)  September 30, 2020  June 30, 2021  September 30, 2021 
        
Net income (loss) for the period  ($ 293 )  ($ 174 )  $ 5 
Adjustments:       
Depreciation and amortization 612  408  415 
Finance expense 34  29  28 
Income tax expense (benefit) (56) 20  22 
Share based compensation -  144  29 
Restructuring and corporate severance programs 2  5  2 
(Gains) Losses on transactions, legal settlements and transaction expenses (24)  34     4  
Adjusted EBITDA   $ 275     $ 466     $ 505  
               

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