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  "documentTitle": "GlobalFoundries | Results Presentation Deck | 21 slides",
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      "text": "(1) Adjusted gross profit, adjusted selling, general and administrative expense, adjusted research and development expense, adjusted operating profit (loss), adjusted net income (loss), adjusted diluted earnings per share, free cash flow and any related margins are all Non-IFRS measures. See \" Financial Measures (Non-IFRS)\" for a discussion of why we believe these Non-IFRS measures are useful.\n(2) Includes $3.1 million of share based compensation in Q4 2022.\n(3) Includes the gain on sale of our EFK business in December 2022.\n(4) Relates to restructuring charges since Q4 2022.\n(5) Reflects change to adjusted net income definition discussed in more detail elsewhere in this investor deck.",
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      "text": "GlobalFoundries © 2023 All Rights Reserved",
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      "text": "(Unaudited, in millions USD except per share amounts)",
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      "text": "Gross profit for the period $99 $231 $300 $384 $469 $538 $610 $622 $515 $532 Gross profit margin 7.0% 14.3% 17.6% 20.8% 24.2% 27.0% 29.4% 29.6% 28.0% 28.8% Share-based compensation 36 6 13 21 21 11 $11 10 14 Adjusted gross profit(1) $99 $267 $306 $397 $490 $559 $621 $633 $525 $546 Adjusted gross profit margin (1) 7.0% 16.5% 18.0% 21.5% 25.3% 28.0% 29.9% 30.1% 28.5% 29.6% Net revenue $1,418 $1,620 $1,700 $1,847 $1,940 $1,993 $2,074 $2,101 $1,841 $1,845 Selling, general and administrative $91 $202 $134 $167 $116 $121 $129 $130 $111 $132 Share-based compensation $97 $21 $33 $27 $24 $15 $25 $17 $24 Adjusted selling.general and administrative $91 $105 $113 $134 $89 $97 $114 $105 $94 $108 Research and development $103 $132 $114 $130 $128 $120 $124 $110 $109 $106 Share-based compensation $11 $2 $9 $6 $8 $6 $7 $4 $6 Adjusted research and development $103 $121 $112 $121 $122 $112 $118 $103 $105 $100 Operating profit (loss) for the period $(95) $(103) $52 $87 $225 $297 $357 $288 $290 $275 Operating profit (loss) margin (6.7)% (6.4)% 3.1% 4.7% 11.6% 14.9% 17.2% 13.7% 15.8% 14.9% Share-based compensation $144 $29 $55 $54 $53 $32 $43 $31 $44 Restructuring charges (2) 94 5 19 Adjusted operating profit (loss) (1) $(95) $41 $81 $142 $279 $350 $389 $425 $326 $338 Adjusted operating profit (loss) margin (1) (6.7)% 2.5% 4.8% 7.7% 14.4% 17.6% 18.8% 20.2% 17.7% 18.3% Net revenue $1,418 $1,620 $1,700 $1,847 $1,940 $1,993 $2,074 $2,101 $1,841 $1,845 Net income (loss) for the period (3) $(127) $(174) $5 $43 $178 $264 $336 $668 $254 $237 Net income (loss) margin (9.0)% (10.7)% 0.3% 2.3% 9.2% 13.2% 16.2% 31.8% 13.8% 12.8% Share-based compensation $144 $29 $55 $54 $53 $32 $43 $31 $44 Restructuring charges (2) 94 5 19 Income tax effect (4) $(5) $- $(3) Adiusted net income (loss) (1) (5) $(127) $(30) $34 $98 $232 $317 $368 $800 $290 $297 Adjusted net income (loss) margin (1) (9.0)% (1.9)% 2.0% 5.3% 12.0% 15.9% 17.7% 38.1% 15.8% 16.1% Diluted earnings (loss) per share $(0.25) $(0.35) $0.01 $0.08 $0.33 $0.48 $0.61 $1.21 $0.46 $0.43 Shares outstanding 500 500 512 540 549 550 553 554 555 556 Adjusted diluted earnings (loss) per share (1) $(0.25) $(0.06) $0.07 $0.18 $0.42 $0.58 $0.67 $1.44 $0.52 $0.53 Net cash provided by (used in) operating Less: Purchase of property, plant and equipment Free cash flow (1) 546 400 $146",
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