| Three Months Ended | Year Ended | ||||||||||||||
| (in millions USD) | December 31, 2022 | December 31, 2021 | December 31, 2022 | December 31, 2021 | |||||||||||
| Cash flows from operating activities: | |||||||||||||||
| Net income (loss) | $ | 668 | $ | 43 | $ | 1,446 | $ | (254 | ) | ||||||
| Depreciation and amortization | 409 | 419 | 1,623 | 1,619 | |||||||||||
| Gain on the sale of a fabrication facility | (403 | ) | — | (403 | ) | — | |||||||||
| Finance expense, net and other(1) | (3 | ) | (6 | ) | 1 | 1 | |||||||||
| Deferred income taxes | 30 | 40 | 82 | 93 | |||||||||||
| Other non-cash operating activities | 16 | 23 | 50 | 150 | |||||||||||
| Net change in working capital | (226 | ) | 629 | (175 | ) | 1,230 | |||||||||
| Net cash provided by operating activities | $ | 491 | $ | 1,148 | $ | 2,624 | $ | 2,839 | |||||||
| Cash flows from investing activities: | |||||||||||||||
| Purchases of property, plant, equipment, and intangible assets | $ | (991 | ) | $ | (649 | ) | $ | (3,059 | ) | $ | (1,766 | ) | |||
| Other investing activities | (60 | ) | 23 | (999 | ) | 316 | |||||||||
| Net cash used in investing activities | $ | (1,051 | ) | $ | (626 | ) | $ | (4,058 | ) | $ | (1,450 | ) | |||
| Cash flows from financing activities: | |||||||||||||||
| Proceeds from issuance of equity instruments | $ | 12 | $ | 1,444 | $ | 168 | $ | 1,444 | |||||||
| Repayments of shareholder loan | — | — | — | (568 | ) | ||||||||||
| Proceeds (repayment) of debt, net | 255 | (72 | ) | 581 | (343 | ) | |||||||||
| Other financing activities | 93 | 27 | 93 | 117 | |||||||||||
| Net cash provided by financing activities | $ | 360 | $ | 1,399 | $ | 842 | $ | 650 | |||||||
| Effect of exchange rate changes | 11 | (1 | ) | 5 | (8 | ) | |||||||||
| Net change in cash and cash equivalents | $ | (189 | ) | $ | 1,920 | $ | (587 | ) | $ | 2,031 | |||||
| Cash and cash equivalents at the beginning of the period | 2,541 | 1,019 | 2,939 | 908 | |||||||||||
| Cash and cash equivalents at the end of the period | $ | 2,352 | $ | 2,939 | $ | 2,352 | $ | 2,939 | |||||||
| (1) Finance expense, net and other has been adjusted to include interest and taxes paid that were previously included in "Other non-cash operating activities." Prior period amounts have been adjusted accordingly. | |||||||||||||||
Unaudited Reconciliation of IFRS to Adjusted Non-IFRS
