GlobalFoundries (GFS) Financials

$36.91 +0.17 (+0.46%)

Closing price 04:00 PM Eastern

Extended Trading

$36.80 -0.11 (-0.31%)

As of 06:40 PM Eastern

Annual Income Statements for GlobalFoundries

This table shows GlobalFoundries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Income / (Loss) Attributable to Common Shareholders	-262	1,020	1,448	-250	-1,179	-1,029
Consolidated Net Income / (Loss)	-262	1,018	1,446	-254	-1,353	-1,371
Net Income / (Loss) Continuing Operations	-262	1,018	1,446	-254	-1,179	-1,029
Total Pre-Tax Income	-170	1,084	1,532	-176	-1,365	-1,029
Total Operating Income	-25	1,129	1,167	-60	-1,633	-1,029
Total Gross Profit	1,651	2,101	2,239	1,013	-712	-532
Total Revenue	6,951	7,392	8,108	6,585	4,851	0.00
Operating Revenue	6,951	7,392	8,108	6,585	4,851	-
Total Cost of Revenue	5,099	5,291	5,869	5,572	5,563	0.00
Operating Cost of Revenue	5,099	5,291	5,869	5,572	5,563	-
Total Operating Expenses	1,877	1,029	1,050	1,081	921	1,029
Selling, General & Admin Expense	427	473	496	595	445	446
Research & Development Expense	496	428	482	478	476	583
Other Operating Expenses / (Income)	12	57	-22	8.00	-	-
Impairment Charge	935	-	-	-	-	-
Restructuring Charge	7.00	71	94	-	-	-
Total Other Income / (Expense), net	-145	12	343	-108	442	0.00
Interest Expense	145	137	111	114	-442	-
Other Income / (Expense), net	0.00	-	-	6.00	-	-
Income Tax Expense	92	66	86	78	-12	-
Weighted Average Basic Shares Outstanding	552.91M	552M	539M	506M	500M	-
Diluted Earnings per Share	($0.48)	$1.83	$2.62	($0.49)	-	-
Weighted Average Diluted Shares Outstanding	553M	556M	552M	506M	500M	-
Weighted Average Basic & Diluted Shares Outstanding	553M	553.55M	539M	506M	500M	-

No quarterly income statements for GlobalFoundries are available.

This table details how cash moves in and out of GlobalFoundries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Change in Cash & Equivalents	-195	35	-587	2,031	2,219	986
Net Cash From Operating Activities	1,712	2,513	2,785	3,029	2,219	986
Net Cash From Continuing Operating Activities	1,712	2,513	2,785	3,029	2,219	986
Net Income / (Loss) Continuing Operations	-262	1,018	1,446	-254	-1,353	-1,371
Consolidated Net Income / (Loss)	-262	1,018	1,446	-254	-1,353	-1,371
Depreciation Expense	1,568	1,451	1,623	1,618	2,522	2,436
Amortization Expense	-31	-29	-28	-33	-	242
Non-Cash Adjustments To Reconcile Net Income	776	213	-398	-214	1,088	-535
Changes in Operating Assets and Liabilities, net	-339	-140	142	1,912	-38	214
Net Cash From Investing Activities	-1,065	-2,254	-4,014	-1,443	0.00	0.00
Net Cash From Continuing Investing Activities	-1,065	-2,254	-4,014	-1,443	0.00	0.00
Purchase of Property, Plant & Equipment	-625	-1,804	-3,059	-1,767	-	-
Purchase of Investments	-1,876	-1,419	-1,302	-	0.00	-
Sale of Property, Plant & Equipment	56	24	41	324	-	-
Sale and/or Maturity of Investments	1,380	945	306	0.00	0.00	-
Net Cash From Financing Activities	-783	-217	749	533	0.00	0.00
Net Cash From Continuing Financing Activities	-783	-217	749	533	0.00	0.00
Repayment of Debt	-637	-305	-390	-1,528	-	-
Repurchase of Common Equity	-200	0.00	0.00	-	-	-
Issuance of Debt	31	46	971	617	-	-
Issuance of Common Equity	23	42	168	1,444	-	-
Effect of Exchange Rate Changes	-7.00	4.00	5.00	-8.00	-	-
Cash Interest Paid	118	121	96	107	170	-
Cash Interest Received	167	123	32	-	-	15
Cash Income Taxes Paid	31	11	4.00	-	-	-

No quarterly cash flow statements for GlobalFoundries are available.

This table presents GlobalFoundries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	16,799	18,044	17,841	15,028	12,322
Total Current Assets	6,416	6,327	5,800	5,291	1,879
Cash & Equivalents	2,192	2,387	2,352	2,939	908
Short-Term Investments	1,194	1,033	-	0.00	-
Inventories, net	1,624	1,487	1,339	1,121	920
Prepaid Expenses	1,406	1,420	1,487	1,231	-
Plant, Property, & Equipment, net	7,762	9,829	0.00	8,713	7,873
Plant, Property & Equipment, gross	7,762	9,829	-	8,713	7,873
Total Noncurrent Assets	2,270	1,545	1,164	770	2,216
Intangible Assets	660	391	363	377	-
Noncurrent Deferred & Refundable Income Taxes	188	241	292	353	444
Other Noncurrent Operating Assets	1,422	913	137	40	1,188
Total Liabilities & Shareholders' Equity	16,799	18,044	17,841	15,028	12,322
Total Liabilities	5,975	6,893	7,881	6,995	5,080
Total Current Liabilities	3,044	3,099	3,359	3,163	1,342
Short-Term Debt	753	571	223	297	-
Accounts Payable	2,092	2,349	2,849	2,586	1,342
Other Current Liabilities	199	179	287	280	-
Total Noncurrent Liabilities	2,931	3,794	4,522	3,832	3,384
Long-Term Debt	1,053	1,801	2,288	1,716	2,338
Capital Lease Obligations	424	350	270	291	465
Other Noncurrent Operating Liabilities	1,219	1,376	1,670	1,678	541
Total Equity & Noncontrolling Interests	10,824	11,151	9,960	8,033	7,242
Total Preferred & Common Equity	10,776	11,104	9,913	7,975	7,176
Total Common Equity	10,776	11,104	9,913	7,975	7,176
Common Stock	24,025	24,038	23,842	23,498	11,718
Retained Earnings	-13,266	-13,001	-14,021	-15,469	-15,219
Accumulated Other Comprehensive Income / (Loss)	17	67	92	-54	-3.32
Noncontrolling Interest	48	47	47	58	65

No quarterly balance sheets for GlobalFoundries are available.

This table displays calculated financial ratios and metrics derived from GlobalFoundries' official financial filings.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Growth Metrics	-	-	-	-	-	-
Revenue Growth	-5.97%	-8.83%	23.13%	35.75%	0.00%	0.00%
EBITDA Growth	-40.73%	-7.64%	80.41%	72.22%	-46.11%	0.00%
EBIT Growth	-102.21%	-3.26%	2,261.11%	96.69%	-58.76%	0.00%
NOPAT Growth	-101.65%	-3.74%	2,722.59%	96.33%	-58.76%	0.00%
Net Income Growth	-125.74%	-29.60%	669.29%	81.23%	1.33%	0.00%
EPS Growth	-126.23%	-30.15%	634.69%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-31.87%	-9.77%	-8.06%	36.50%	125.03%	0.00%
Free Cash Flow Firm Growth	108.17%	-210.32%	407.22%	117.24%	0.00%	0.00%
Invested Capital Growth	-7.95%	1,933.39%	-107.76%	-19.87%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	23.75%	28.42%	27.61%	15.38%	-14.68%	0.00%
EBITDA Margin	21.75%	34.51%	34.07%	23.25%	18.33%	0.00%
Operating Margin	-0.36%	15.27%	14.39%	-0.91%	-33.66%	0.00%
EBIT Margin	-0.36%	15.27%	14.39%	-0.82%	-33.66%	0.00%
Profit (Net Income) Margin	-3.77%	13.77%	17.83%	-3.86%	-27.89%	0.00%
Tax Burden Percent	154.12%	93.91%	94.39%	144.32%	99.12%	133.31%
Interest Burden Percent	680.00%	96.01%	131.28%	325.93%	83.59%	100.00%
Effective Tax Rate	0.00%	6.09%	5.61%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-0.18%	21.61%	32.76%	-0.51%	-25.13%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	23.72%	22.36%	26.64%	-38.52%	-47.72%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-2.21%	-11.97%	-16.69%	-2.81%	-12.24%	0.00%
Return on Equity (ROE)	-2.38%	9.64%	16.07%	-3.33%	-37.37%	0.00%
Cash Return on Invested Capital (CROIC)	8.10%	-95.24%	0.00%	21.55%	-225.13%	0.00%
Operating Return on Assets (OROA)	-0.14%	6.29%	7.10%	-0.39%	-13.25%	0.00%
Return on Assets (ROA)	-1.50%	5.67%	8.80%	-1.86%	-10.98%	0.00%
Return on Common Equity (ROCE)	-2.37%	9.60%	15.98%	-3.30%	-37.03%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-2.43%	9.17%	14.59%	-3.19%	-18.85%	0.00%
Net Operating Profit after Tax (NOPAT)	-18	1,060	1,101	-42	-1,143	-720
NOPAT Margin	-0.25%	14.34%	13.59%	-0.64%	-23.56%	0.00%
Net Nonoperating Expense Percent (NNEP)	-23.90%	-0.75%	6.11%	38.00%	22.60%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-0.13%	7.64%	8.65%	-	-	-
Cost of Revenue to Revenue	73.36%	71.58%	72.39%	84.62%	114.68%	0.00%
SG&A Expenses to Revenue	6.14%	6.40%	6.12%	9.04%	9.17%	0.00%
R&D to Revenue	7.14%	5.79%	5.94%	7.26%	9.81%	0.00%
Operating Expenses to Revenue	27.00%	13.92%	12.95%	16.42%	18.99%	0.00%
Earnings before Interest and Taxes (EBIT)	-25	1,129	1,167	-54	-1,633	-1,029
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,512	2,551	2,762	1,531	889	1,650
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	2.20	2.99	2.89	0.45	0.36	0.00
Price to Tangible Book Value (P/TBV)	2.35	3.10	3.00	0.47	0.39	0.00
Price to Revenue (P/Rev)	3.42	4.49	3.53	0.54	0.53	0.00
Price to Earnings (P/E)	0.00	32.54	19.79	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	3.07%	5.05%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.37	3.14	0.00	0.41	0.50	0.00
Enterprise Value to Revenue (EV/Rev)	3.26	4.40	3.59	0.46	0.93	0.00
Enterprise Value to EBITDA (EV/EBITDA)	14.98	12.76	10.55	1.96	5.07	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	28.82	24.97	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	30.69	26.45	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	13.23	12.95	10.46	0.99	2.03	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	28.04	0.00	3.25	1.70	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.21	0.24	0.28	0.29	0.39	0.00
Long-Term Debt to Equity	0.14	0.19	0.26	0.25	0.39	0.00
Financial Leverage	-0.09	-0.54	-0.63	0.07	0.26	0.00
Leverage Ratio	1.59	1.70	1.83	1.79	1.70	0.00
Compound Leverage Factor	10.78	1.63	2.40	5.84	1.42	0.00
Debt to Total Capital	17.08%	19.62%	21.83%	22.29%	27.90%	0.00%
Short-Term Debt to Total Capital	5.77%	4.12%	1.75%	2.87%	0.00%	0.00%
Long-Term Debt to Total Capital	11.31%	15.50%	20.08%	19.42%	27.90%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.37%	0.34%	0.37%	0.56%	0.65%	0.00%
Common Equity to Total Capital	82.55%	80.04%	77.80%	77.15%	71.45%	0.00%
Debt to EBITDA	1.47	1.07	1.01	1.50	3.15	0.00
Net Debt to EBITDA	-0.76	-0.27	0.16	-0.41	2.09	0.00
Long-Term Debt to EBITDA	0.98	0.84	0.93	1.31	3.15	0.00
Debt to NOPAT	-127.43	2.57	2.52	-54.86	-2.45	0.00
Net Debt to NOPAT	66.06	-0.66	0.39	15.12	-1.63	0.00
Long-Term Debt to NOPAT	-84.40	2.03	2.32	-47.79	-2.45	0.00
Altman Z-Score	1.93	2.71	1.92	-0.54	-1.42	0.00
Noncontrolling Interest Sharing Ratio	0.43%	0.45%	0.58%	0.81%	0.90%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	2.11	2.04	1.73	1.67	1.40	0.00
Quick Ratio	1.11	1.10	0.70	0.93	0.71	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	808	-9,883	8,958	1,766	-10,242	0.00
Operating Cash Flow to CapEx	300.88%	141.18%	92.28%	209.91%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	5.57	-72.14	80.71	15.49	0.00	0.00
Operating Cash Flow to Interest Expense	11.81	18.34	25.09	26.57	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	7.88	5.35	-2.10	13.91	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.40	0.41	0.49	0.48	0.39	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	93.90	0.00
Inventory Turnover	3.28	3.74	4.77	5.46	6.05	0.00
Fixed Asset Turnover	0.79	0.00	0.00	0.79	0.62	0.00
Accounts Payable Turnover	2.30	2.04	2.16	2.84	4.14	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	3.89	0.00
Days Inventory Outstanding (DIO)	111.35	97.48	76.50	66.83	60.33	0.00
Days Payable Outstanding (DPO)	158.95	179.29	169.00	128.67	88.08	0.00
Cash Conversion Cycle (CCC)	-47.60	-81.82	-92.51	-61.84	-23.86	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	9,552	10,377	-566	7,291	9,099	0.00
Invested Capital Turnover	0.70	1.51	2.41	0.80	1.07	0.00
Increase / (Decrease) in Invested Capital	-825	10,943	-7,857	-1,808	9,099	0.00
Enterprise Value (EV)	22,645	32,543	29,137	2,996	4,508	0.00
Market Capitalization	23,753	33,194	28,661	3,573	2,585	2,585
Book Value per Share	$19.47	$20.27	$18.64	$15.76	$14.35	$0.00
Tangible Book Value per Share	$18.27	$19.56	$17.96	$15.02	$13.26	$0.00
Total Capital	13,054	13,873	12,741	10,337	10,044	0.00
Total Debt	2,230	2,722	2,781	2,304	2,802	0.00
Total Long-Term Debt	1,477	2,151	2,558	2,007	2,802	0.00
Net Debt	-1,156	-698	429	-635	1,858	0.00
Capital Expenditures (CapEx)	569	1,780	3,018	1,443	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	739	379	312	-514	-371	0.00
Debt-free Net Working Capital (DFNWC)	4,125	3,799	2,664	2,425	537	0.00
Net Working Capital (NWC)	3,372	3,228	2,441	2,128	537	0.00
Net Nonoperating Expense (NNE)	245	42	-345	212	210	651
Net Nonoperating Obligations (NNO)	-1,272	-774	-10,526	-742	1,858	0.00
Total Depreciation and Amortization (D&A)	1,537	1,422	1,595	1,585	2,522	2,678
Debt-free, Cash-free Net Working Capital to Revenue	10.63%	5.13%	3.85%	-7.81%	-7.65%	0.00%
Debt-free Net Working Capital to Revenue	59.34%	51.39%	32.86%	36.83%	11.07%	0.00%
Net Working Capital to Revenue	48.51%	43.67%	30.11%	32.32%	11.07%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	552.91M	553.55M	547.75M	531.85M	0.00	0.00
Adjusted Diluted Earnings per Share	($0.48)	$1.83	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	553M	553.55M	547.75M	531.85M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	553M	553.55M	547.75M	1.01T	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	642	1,127	1,190	-42	-1,143	-720
Normalized NOPAT Margin	9.23%	15.25%	14.68%	-0.64%	-23.56%	0.00%
Pre Tax Income Margin	-2.45%	14.66%	18.89%	-2.67%	-28.14%	0.00%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-0.17	8.24	10.51	-0.47	0.00	0.00
NOPAT to Interest Expense	-0.12	7.74	9.92	-0.37	0.00	0.00
EBIT Less CapEx to Interest Expense	-4.10	-4.75	-16.68	-13.13	0.00	0.00
NOPAT Less CapEx to Interest Expense	-4.04	-5.25	-17.27	-13.03	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-76.34%	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for GlobalFoundries are available.

Frequently Asked Questions About GlobalFoundries' Financials

When does GlobalFoundries's fiscal year end?

According to the most recent income statement we have on file, GlobalFoundries' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has GlobalFoundries' net income changed over the last 5 years?

GlobalFoundries' net income appears to be on a downward trend, with a most recent value of -$262 million in 2024, falling from -$1.37 billion in 2019. The previous period was $1.02 billion in 2023. Check out GlobalFoundries' forecast to explore projected trends and price targets.

What is GlobalFoundries's operating income?

GlobalFoundries's total operating income in 2024 was -$25 million, based on the following breakdown:

Total Gross Profit: $1.65 billion
Total Operating Expenses: $1.88 billion

How has GlobalFoundries revenue changed over the last 5 years?

Over the last 5 years, GlobalFoundries' total revenue changed from $0.00 in 2019 to $6.95 billion in 2024, a change of 695,100,000,000.0%.

How much debt does GlobalFoundries have?

GlobalFoundries' total liabilities were at $5.98 billion at the end of 2024, a 13.3% decrease from 2023, and a 17.6% increase since 2020.

How much cash does GlobalFoundries have?

In the past 4 years, GlobalFoundries' cash and equivalents has ranged from $908.08 million in 2020 to $2.94 billion in 2021, and is currently $2.19 billion as of their latest financial filing in 2024.

How has GlobalFoundries' book value per share changed over the last 5 years?

Over the last 5 years, GlobalFoundries' book value per share changed from 0.00 in 2019 to 19.47 in 2024, a change of 1,946.7%.

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This page (NASDAQ:GFS) was last updated on 5/29/2025 by MarketBeat.com Staff

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GlobalFoundries (GFS) Financials

Frequently Asked Questions About GlobalFoundries' Financials

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GlobalFoundries (GFS) Financials

Annual Income Statements for GlobalFoundries

Quarterly Income Statements for GlobalFoundries

Annual Cash Flow Statements for GlobalFoundries

Quarterly Cash Flow Statements for GlobalFoundries

Annual Balance Sheets for GlobalFoundries

Quarterly Balance Sheets for GlobalFoundries

Annual Metrics And Ratios for GlobalFoundries

Quarterly Metrics And Ratios for GlobalFoundries

Frequently Asked Questions About GlobalFoundries' Financials

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