GlobalFoundries Reports Fourth Quarter and Fiscal Year 2021 Financial Results

(in $M)  December 31, 2020
  December 31, 2021
     
Assets:    
Cash and cash equivalents  $908   $2,939 
Receivables, prepayments and other  1,159   1,231 
Inventories  920   1,121 
Current assets   2,987    5,291 
Deferred tax assets  444   353 
Property, plant, and equipment, net  8,226   8,713 
Other assets  665   671 
Noncurrent assets    9,335       9,737  
Total assets     $ 12,322       $ 15,028  
Liabilities and equity:        
Current portion of long-term debt     $382       $297  
Other current liabilities     1,514       2,866  
Current liabilities     1,896       3,163  
Noncurrent portion of long-term debt     1,956       1,716  
Other liabilities     1,228       2,116  
Noncurrent liabilities     3,184       3,832  
Stockholders’ equity:        
Common stock/additional paid-in capital     11,718       23,498  
Accumulated deficit     (15,219)       (15,469)  
Loan from shareholder and other 1     10,743       4  
Total liabilities and equity     $ 12,322       $ 15,028  

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