1On October 3, 2021, GF executed the conversion of the entire Shareholder Loans balance of $10.113 billion under our loan facilities with Mubadala Investment Company PJSC into additional paid-in-capital, which did not have an impact on shares outstanding or have any dilutive effects, as no additional shares were issued.

Unaudited Consolidated Statements of Cash Flows  

		Three Months Ended								Years Ended
(in $M)		December 31, 2020				December 31, 2021				December 31, 2020				December 31, 2021
Cash flows from operating activities:
Net income (loss)			$ (524 )				$ 43				$ (1,351 )				$ (254 )
Depreciation and amortization			626				419				2,523				1,619
Finance expense, net			38				26				151				108
Deferred income taxes			14				40				(38)				93
Other non-cash operating activities			(51)				(9)				(338)				43
Net change in working capital			98				629				59				1,230
Net cash provided by operating activities			201				1,148				1,006				2,839
Cash flows from investing activities:
Purchases of property, plant, equipment, and intangible assets			(203)				(649)				(592)				(1,766)
Other investing activities			126				23				226				316
Net cash used in investing activities			(77 )				(626 )				(366 )				(1,450 )
Cash flows from financing activities:
Proceeds from issuance of equity instruments			—				$1,444				—				$1,444
Repayments of shareholder loan			(137)				—				(487)				(568)
Repayment of debt, net			(248)				(72)				(556)				(343)
Other financing activities			38				27				310				117
Net cash provided by (used in) financing activities			(347 )				1,399				(732 )				650
Effect of exchange rate changes			3				(1)				3				(8)
Net change in cash and cash equivalents			(221 )				1,920				(89 )				2,031
Cash and cash equivalents at the beginning of the period			1,129				1,019				997				908
Cash and cash equivalents at the end of the period			$ 908				$ 2,939				$ 908				$ 2,939

Unaudited Reconciliation of IFRS to Adjusted Non-IFRS