GlobalFoundries Reports First Quarter 2022 Financial Results

   Three Months Ended
(in millions USD)  March 31, 2021  December 31, 2021  March 31, 2022
       
Net income (loss) for the period  $ (127 )  $ 43  $ 178
Adjustments:      
Depreciation and amortization $377  $419 $408
Finance expense $29  $28 $29
Income tax expense (benefit) $10  $26 $29
Share based compensation    $55 $54
Restructuring and corporate severance programs $5  $5  
(Gains)/Losses on transactions, legal settlements and transaction expenses    $8    
Adjusted EBITDA   $ 294     $ 584   $ 698

Adjusted Financial Measures (Non-IFRS)

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