GlobalFoundries (GFS) Financials

$33.33 -0.48 (-1.42%)

Closing price 04/11/2025 04:00 PM Eastern

Extended Trading

$33.99 +0.66 (+1.98%)

As of 04/11/2025 07:56 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	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-1,029	-1,179	-250	1,448	1,020	-262
Consolidated Net Income / (Loss)	-1,371	-1,353	-254	1,446	1,018	-262
Net Income / (Loss) Continuing Operations	-1,029	-1,179	-254	1,446	1,018	-262
Total Pre-Tax Income	-1,029	-1,365	-176	1,532	1,084	-170
Total Operating Income	-1,029	-1,633	-60	1,167	1,129	-25
Total Gross Profit	-532	-712	1,013	2,239	2,101	1,651
Total Revenue	0.00	4,851	6,585	8,108	7,392	6,951
Operating Revenue	-	4,851	6,585	8,108	7,392	6,951
Total Cost of Revenue	0.00	5,563	5,572	5,869	5,291	5,099
Operating Cost of Revenue	-	5,563	5,572	5,869	5,291	5,099
Total Operating Expenses	1,029	921	1,081	1,050	1,029	1,877
Selling, General & Admin Expense	446	445	595	496	473	427
Research & Development Expense	583	476	478	482	428	496
Other Operating Expenses / (Income)	-	-	8.00	-22	57	12
Impairment Charge	-	-	-	-	-	935
Restructuring Charge	-	-	-	94	71	7.00
Total Other Income / (Expense), net	0.00	442	-108	343	12	-145
Interest Expense	-	-442	114	111	137	145
Other Income / (Expense), net	-	-	6.00	-	-	0.00
Income Tax Expense	-	-12	78	86	66	92
Weighted Average Basic Shares Outstanding	-	500M	506M	539M	552M	552.91M
Diluted Earnings per Share	-	-	($0.49)	$2.62	$1.83	($0.48)
Weighted Average Diluted Shares Outstanding	-	500M	506M	552M	556M	553M
Weighted Average Basic & Diluted Shares Outstanding	-	500M	506M	539M	553.55M	553M

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

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

No quarterly balance sheets for GlobalFoundries are available.

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

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

No quarterly metrics and ratios for GlobalFoundries are available.

Frequently Asked Questions About GlobalFoundries' Financials

When does GlobalFoundries's financial year end?

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

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 4/13/2025 by MarketBeat.com Staff

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GlobalFoundries (GFS) 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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