GlobalFoundries Reports First Quarter 2024 Financial Results

 
Unaudited Reconciliation of Net Income to Non-IFRS EBITDA
 
   Three Months Ended
(in millions USD)  March 31, 2024  December 31, 2023  March 31, 2023
       
Net income for the period  $ 134   $ 278   $ 254 
Depreciation and amortization  392  $402   343 
Finance expense  37  $35   31 
Finance income  (47) $(43)  (32)
Income tax expense (benefit)  21  $21   23 
Share-based compensation     40     $ 50       31  
Restructuring charges         $ 30       5  
Non-IFRS EBITDA (1) (2)   $ 577     $ 773     $ 655  
Non-IFRS EBITDA margin (1) (2)     37.2 %     41.7 %     35.6 %

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