| Three Months Ended | ||||||||
| (in millions USD, except for per share amounts) | March 31, 2021 | March 31, 2022 | ||||||
| Net revenue | $ | 1,418 | $ | 1,940 | ||||
| Cost of sales | 1,319 | 1,471 | ||||||
| Gross profit | 99 | 469 | ||||||
| Operating expenses: | ||||||||
| Research and development | 103 | 128 | ||||||
| Sales, marketing, general and administrative | 91 | 116 | ||||||
| Total operating expenses | 194 | 244 | ||||||
| Operating profit (loss) | (95 | ) | 225 | |||||
| Finance expense, net | (28 | ) | (28 | ) | ||||
| Other income | 7 | 10 | ||||||
| Income tax expense | (11 | ) | (29 | ) | ||||
| Net income (loss) | $ | (127 | ) | $ | 178 | |||
| Attributable to: | ||||||||
| Shareholders of GlobalFoundries | (126 | ) | $ | 179 | ||||
| Non-controlling interest | (1 | ) | (1 | ) | ||||
| Earnings (loss) per share: | ||||||||
| Basic | $ | (0.25 | ) | $ | 0.34 | |||
| Diluted | $ | (0.25 | ) | $ | 0.33 | |||
| Shares used in earnings (loss) per share calculation | ||||||||
| Basic | 500 | 532 | ||||||
| Diluted | 500 | 549 | ||||||
Unaudited Consolidated Statements of Financial Position
