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6-K Filing

GLOBALFOUNDRIES INC. CIK: 1709048
Filing Information
Form Type 6-K
Accession Number 0001709048-22-000021
Period End Date 20220331
Filing Date 20220613
Fiscal Year N/A
Fiscal Period N/A
XBRL Instance gfs-20220331_htm.xml
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Par value per share (in dollars per share) ParValuePerShare $0.02 USD Point-in-time
Par value per share (in dollars per share) ParValuePerShare $0.02 USD Point-in-time
Number of shares outstanding (in shares) NumberOfSharesOutstanding 531.85M shares Point-in-time
Number of shares outstanding (in shares) NumberOfSharesOutstanding 531.85M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalents $635.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalents $3.26B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalents $908.00M USD Point-in-time
Current prepayments and other current assets CurrentPrepaymentsAndOtherCurrentAssets $1.21B USD Point-in-time
Current prepayments and other current assets CurrentPrepaymentsAndOtherCurrentAssets $1.15B USD Point-in-time
Other current financial assets OtherCurrentFinancialAssets $23.00M USD Point-in-time
Other current financial assets OtherCurrentFinancialAssets $58.00M USD Point-in-time
Current inventories Inventories $1.12B USD Point-in-time
Current inventories Inventories $1.19B USD Point-in-time
Total current assets CurrentAssets $5.29B USD Point-in-time
Total current assets CurrentAssets $5.66B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipment $9.17B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipment $8.71B USD Point-in-time
Intangible assets and goodwill IntangibleAssetsAndGoodwill $365.00M USD Point-in-time
Intangible assets and goodwill IntangibleAssetsAndGoodwill $377.00M USD Point-in-time
Other non-current financial assets OtherNoncurrentFinancialAssets $78.00M USD Point-in-time
Other non-current financial assets OtherNoncurrentFinancialAssets $40.00M USD Point-in-time
Deferred tax assets DeferredTaxAssets $353.00M USD Point-in-time
Deferred tax assets DeferredTaxAssets $337.00M USD Point-in-time
Non-Current Prepayments And Other Current Assets NonCurrentPrepaymentsAndOtherCurrentAssets $254.00M USD Point-in-time
Non-Current Prepayments And Other Current Assets NonCurrentPrepaymentsAndOtherCurrentAssets $290.00M USD Point-in-time
Total non-current assets NoncurrentAssets $9.74B USD Point-in-time
Total non-current assets NoncurrentAssets $10.24B USD Point-in-time
Total assets Assets $15.03B USD Point-in-time
Total assets Assets $15.90B USD Point-in-time
Trade and other current payables TradeAndOtherCurrentPayables $2.59B USD Point-in-time
Trade and other current payables TradeAndOtherCurrentPayables $2.78B USD Point-in-time
Current provisions CurrentProvisions $116.00M USD Point-in-time
Current provisions CurrentProvisions $115.00M USD Point-in-time
Current government grants CurrentGovernmentGrants $29.00M USD Point-in-time
Current government grants CurrentGovernmentGrants $28.00M USD Point-in-time
Current lease liabilities CurrentLeaseLiabilities $116.00M USD Point-in-time
Current lease liabilities CurrentLeaseLiabilities $135.00M USD Point-in-time
Current portion of non-current borrowings CurrentPortionOfLongtermBorrowings $297.00M USD Point-in-time
Current portion of non-current borrowings CurrentPortionOfLongtermBorrowings - USD Point-in-time
Current portion of non-current borrowings CurrentPortionOfLongtermBorrowings $281.00M USD Point-in-time
Total current liabilities CurrentLiabilities $3.32B USD Point-in-time
Total current liabilities CurrentLiabilities $3.16B USD Point-in-time
Non-current government grants NoncurrentGovernmentGrants $147.00M USD Point-in-time
Non-current government grants NoncurrentGovernmentGrants $185.00M USD Point-in-time
Non-current provisions NoncurrentProvisions $233.00M USD Point-in-time
Non-current provisions NoncurrentProvisions $232.00M USD Point-in-time
Non-current lease liabilities NoncurrentLeaseLiabilities $333.00M USD Point-in-time
Non-current lease liabilities NoncurrentLeaseLiabilities $291.00M USD Point-in-time
Non-current portion of non-current borrowings LongtermBorrowings $1.72B USD Point-in-time
Non-current portion of non-current borrowings LongtermBorrowings - USD Point-in-time
Non-current portion of non-current borrowings LongtermBorrowings $1.83B USD Point-in-time
Other non-current liabilities OtherNoncurrentLiabilities $1.45B USD Point-in-time
Other non-current liabilities OtherNoncurrentLiabilities $1.66B USD Point-in-time
Total non-current liabilities NoncurrentLiabilities $4.24B USD Point-in-time
Total non-current liabilities NoncurrentLiabilities $3.83B USD Point-in-time
Total liabilities Liabilities $7.00B USD Point-in-time
Total liabilities Liabilities $7.56B USD Point-in-time
Issued capital IssuedCapital $11.00M USD Point-in-time
Issued capital IssuedCapital $11.00M USD Point-in-time
Additional paid-in capital AdditionalPaidinCapital $23.49B USD Point-in-time
Additional paid-in capital AdditionalPaidinCapital $23.54B USD Point-in-time
Retained earnings RetainedEarnings $-15.29B USD Point-in-time
Retained earnings RetainedEarnings $-15.47B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncome $21.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncome $-54.00M USD Point-in-time
Total equity attributable to owners of parent EquityAttributableToOwnersOfParent $8.28B USD Point-in-time
Total equity attributable to owners of parent EquityAttributableToOwnersOfParent $7.97B USD Point-in-time
Non-controlling interests NoncontrollingInterests $57.00M USD Point-in-time
Non-controlling interests NoncontrollingInterests $58.00M USD Point-in-time
Total equity Equity $6.96B USD Point-in-time
Total equity Equity $7.24B USD Point-in-time
Total equity Equity $8.03B USD Point-in-time
Total equity Equity $8.34B USD Point-in-time
Total equity and liabilities EquityAndLiabilities $15.03B USD Point-in-time
Total equity and liabilities EquityAndLiabilities $15.90B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Net revenue Revenue $1.94B USD 1 Quarter
Net revenue Revenue $1.42B USD 1 Quarter
Cost of revenue CostOfSales $1.47B USD 1 Quarter
Cost of revenue CostOfSales $1.32B USD 1 Quarter
Gross profit GrossProfit $99.00M USD 1 Quarter
Gross profit GrossProfit $469.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $128.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $103.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $116.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $91.00M USD 1 Quarter
Operating expenses OperatingExpense $194.00M USD 1 Quarter
Operating expenses OperatingExpense $244.00M USD 1 Quarter
Profit (loss) from operations ProfitLossFromOperatingActivities $225.00M USD 1 Quarter
Profit (loss) from operations ProfitLossFromOperatingActivities $-95.00M USD 1 Quarter
Finance expenses, net FinanceCosts $28.00M USD 1 Quarter
Finance expenses, net FinanceCosts $28.00M USD 1 Quarter
Share of profit of joint ventures and associates ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod $1.00M USD 1 Quarter
Share of profit of joint ventures and associates ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod $1.00M USD 1 Quarter
Other income, net OtherOperatingIncomeExpense $9.00M USD 1 Quarter
Other income, net OtherOperatingIncomeExpense $6.00M USD 1 Quarter
Profit (loss) before income taxes ProfitLossBeforeTax $207.00M USD 1 Quarter
Profit (loss) before income taxes ProfitLossBeforeTax $-116.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseContinuingOperations $11.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseContinuingOperations $29.00M USD 1 Quarter
Net income (loss) for the period ProfitLoss $-127.00M USD 1 Quarter
Net income (loss) for the period ProfitLoss $178.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. ProfitLossAttributableToOwnersOfParent $179.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. ProfitLossAttributableToOwnersOfParent $-126.00M USD 1 Quarter
Non-controlling interest ProfitLossAttributableToNoncontrollingInterests $-1.00M USD 1 Quarter
Non-controlling interest ProfitLossAttributableToNoncontrollingInterests $-1.00M USD 1 Quarter
Net income (loss) for the period ProfitLoss $-127.00M USD 1 Quarter
Net income (loss) for the period ProfitLoss $178.00M USD 1 Quarter
Weighted average shares outstanding, basic (in shares) WeightedAverageShares 532.00M shares 1 Quarter
Weighted average shares outstanding, basic (in shares) WeightedAverageShares 500.00M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) AdjustedWeightedAverageShares 500.00M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) AdjustedWeightedAverageShares 549.00M shares 1 Quarter
Basic loss per share (in USD per share) BasicEarningsLossPerShare $-0.25 USD 1 Quarter
Basic loss per share (in USD per share) BasicEarningsLossPerShare $0.34 USD 1 Quarter
Diluted loss per share (in USD per share) DilutedEarningsLossPerShare $-0.25 USD 1 Quarter
Diluted loss per share (in USD per share) DilutedEarningsLossPerShare $0.33 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-127.00M USD 1 Quarter
Net income (loss) ProfitLoss $178.00M USD 1 Quarter
Depreciation AdjustmentsForDepreciationExpense $356.00M USD 1 Quarter
Depreciation AdjustmentsForDepreciationExpense $325.00M USD 1 Quarter
Amortization of intangible assets AdjustmentsForAmortisationExpense $52.00M USD 1 Quarter
Amortization of intangible assets AdjustmentsForAmortisationExpense $52.00M USD 1 Quarter
Share-based compensation AdjustmentsForSharebasedPayments $53.00M USD 1 Quarter
Share-based compensation AdjustmentsForSharebasedPayments - USD 1 Quarter
Interest and income taxes paid InterestAndIncomeTaxesPaid $18.00M USD 1 Quarter
Interest and income taxes paid InterestAndIncomeTaxesPaid $22.00M USD 1 Quarter
Finance expenses, net AdjustmentsForFinanceCosts $28.00M USD 1 Quarter
Finance expenses, net AdjustmentsForFinanceCosts $28.00M USD 1 Quarter
Amortization of deferred income from government grants AdjustmentsForAmortizationOfDeferredIncomeFromGovernmentGrants $9.00M USD 1 Quarter
Amortization of deferred income from government grants AdjustmentsForAmortizationOfDeferredIncomeFromGovernmentGrants $8.00M USD 1 Quarter
Deferred income taxes AdjustmentsForDeferredTaxExpense $19.00M USD 1 Quarter
Deferred income taxes AdjustmentsForDeferredTaxExpense $15.00M USD 1 Quarter
Gain on disposal of property, plant and equipment AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment $5.00M USD 1 Quarter
Gain on disposal of property, plant and equipment AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment $4.00M USD 1 Quarter
Other operating activities OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities $1.00M USD 1 Quarter
Other operating activities OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities $-15.00M USD 1 Quarter
Receivables, prepayments, other assets and other noncurrent assets AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables $-27.00M USD 1 Quarter
Receivables, prepayments, other assets and other noncurrent assets AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables $16.00M USD 1 Quarter
Inventories AdjustmentsForDecreaseIncreaseInInventories $-64.00M USD 1 Quarter
Inventories AdjustmentsForDecreaseIncreaseInInventories $-31.00M USD 1 Quarter
Trade and other payables AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables $-37.00M USD 1 Quarter
Trade and other payables AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables $237.00M USD 1 Quarter
Net cash provided by operating activities CashFlowsFromUsedInOperatingActivities $148.00M USD 1 Quarter
Net cash provided by operating activities CashFlowsFromUsedInOperatingActivities $845.00M USD 1 Quarter
Purchases of property, plant and equipment PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $260.00M USD 1 Quarter
Purchases of property, plant and equipment PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $612.00M USD 1 Quarter
Purchases of intangible assets PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities $42.00M USD 1 Quarter
Purchases of intangible assets PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities $31.00M USD 1 Quarter
Advances and proceeds from sale of property, plant and equipment and intangible assets ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets $9.00M USD 1 Quarter
Advances and proceeds from sale of property, plant and equipment and intangible assets ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets $46.00M USD 1 Quarter
Other investing activities OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities $-1.00M USD 1 Quarter
Other investing activities OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities $-5.00M USD 1 Quarter
Net cash used in investing activities CashFlowsFromUsedInInvestingActivities $-639.00M USD 1 Quarter
Net cash used in investing activities CashFlowsFromUsedInInvestingActivities $-257.00M USD 1 Quarter
Repayments of shareholder loan RepaymentsOfShareholderLoans $126.00M USD 1 Quarter
Repayments of shareholder loan RepaymentsOfShareholderLoans - USD 1 Quarter
Net proceeds from borrowings ProceedsFromBorrowingsClassifiedAsFinancingActivities $117.00M USD 1 Quarter
Net proceeds from borrowings ProceedsFromBorrowingsClassifiedAsFinancingActivities $214.00M USD 1 Quarter
Repayments of debt and finance lease obligations PaymentsOfDebtAndFinanceLeaseObligations $107.00M USD 1 Quarter
Repayments of debt and finance lease obligations PaymentsOfDebtAndFinanceLeaseObligations $192.00M USD 1 Quarter
Other financing activities OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities $11.00M USD 1 Quarter
Other financing activities OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities $39.00M USD 1 Quarter
Net cash (used in) provided by financing activities CashFlowsFromUsedInFinancingActivities $118.00M USD 1 Quarter
Net cash (used in) provided by financing activities CashFlowsFromUsedInFinancingActivities $-162.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateChangesOnCashAndCashEquivalents $-2.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateChangesOnCashAndCashEquivalents $1.00M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents IncreaseDecreaseInCashAndCashEquivalents $-273.00M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents IncreaseDecreaseInCashAndCashEquivalents $325.00M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalents $635.00M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalents $3.26B USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalents $908.00M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalents $635.00M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalents $2.94B USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalents $3.26B USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalents $908.00M USD Point-in-time
Amounts payable for property, plant and equipment AmountsPayableForPropertyPlantAndEquipment $277.00M USD 1 Quarter
Amounts payable for property, plant and equipment AmountsPayableForPropertyPlantAndEquipment $519.00M USD 1 Quarter
Property, plant and equipment acquired through lease PropertyPlantAndEquipmentAcquiredThroughLease $60.00M USD 1 Quarter
Property, plant and equipment acquired through lease PropertyPlantAndEquipmentAcquiredThroughLease $47.00M USD 1 Quarter
Amounts payable for intangible assets AmountsPayableForIntangibleAssets $114.00M USD 1 Quarter
Amounts payable for intangible assets AmountsPayableForIntangibleAssets $136.00M USD 1 Quarter
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Beginning balance (in shares) NumberOfSharesOutstanding 531.85M shares Point-in-time
Beginning balance (in shares) NumberOfSharesOutstanding 531.85M shares Point-in-time
Beginning balance Equity $6.96B USD Point-in-time
Beginning balance Equity $7.24B USD Point-in-time
Beginning balance Equity $8.03B USD Point-in-time
Beginning balance Equity $8.34B USD Point-in-time
Share-based payments IncreaseDecreaseThroughSharebasedPaymentTransactions $53.00M USD 1 Quarter
Repayment of loan from shareholder IncreaseDecreaseThroughTransactionsWithOwnersRepaymentOfLoanToShareholder $-126.00M USD 1 Quarter
Net income (loss) ProfitLoss $-127.00M USD 1 Quarter
Net income (loss) ProfitLoss $178.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncome $-28.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncome $75.00M USD 1 Quarter
Ending balance (in shares) NumberOfSharesOutstanding 531.85M shares Point-in-time
Ending balance (in shares) NumberOfSharesOutstanding 531.85M shares Point-in-time
Ending balance Equity $6.96B USD Point-in-time
Ending balance Equity $7.24B USD Point-in-time
Ending balance Equity $8.03B USD Point-in-time
Ending balance Equity $8.34B USD Point-in-time
Comprehensive Income 26 line items
Line Item Tag Value Unit Period
Net loss for the year ProfitLoss $-127.00M USD 1 Quarter
Net loss for the year ProfitLoss $178.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. ProfitLossAttributableToOwnersOfParent $179.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. ProfitLossAttributableToOwnersOfParent $-126.00M USD 1 Quarter
Non-controlling interest ProfitLossAttributableToNoncontrollingInterests $-1.00M USD 1 Quarter
Non-controlling interest ProfitLossAttributableToNoncontrollingInterests $-1.00M USD 1 Quarter
Net income (loss) for the period ProfitLoss $-127.00M USD 1 Quarter
Net income (loss) for the period ProfitLoss $178.00M USD 1 Quarter
Share of foreign exchange fluctuation reserve of joint ventures ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax $-2.00M USD 1 Quarter
Share of foreign exchange fluctuation reserve of joint ventures ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax $-7.00M USD 1 Quarter
Effective portion of changes in the fair value of cash flow hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges $79.00M USD 1 Quarter
Effective portion of changes in the fair value of cash flow hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges $-22.00M USD 1 Quarter
Income tax effect IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss $2.00M USD 1 Quarter
Income tax effect IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss $-1.00M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax $-28.00M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax $75.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. OtherComprehensiveIncomeAttributableToOwnersOfParent $-28.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. OtherComprehensiveIncomeAttributableToOwnersOfParent $75.00M USD 1 Quarter
Total other comprehensive income (loss) for the period OtherComprehensiveIncome $-28.00M USD 1 Quarter
Total other comprehensive income (loss) for the period OtherComprehensiveIncome $75.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. ComprehensiveIncomeAttributableToOwnersOfParent $254.00M USD 1 Quarter
Shareholders of GLOBALFOUNDRIES INC. ComprehensiveIncomeAttributableToOwnersOfParent $-154.00M USD 1 Quarter
Non-controlling interest ComprehensiveIncomeAttributableToNoncontrollingInterests $-1.00M USD 1 Quarter
Non-controlling interest ComprehensiveIncomeAttributableToNoncontrollingInterests $-1.00M USD 1 Quarter
Total comprehensive income (loss) for the period ComprehensiveIncome $253.00M USD 1 Quarter
Total comprehensive income (loss) for the period ComprehensiveIncome $-155.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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