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  "documentTitle": "GlobalFoundries | Results Presentation Deck | 21 slides",
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  "authorName": "GlobalFoundries",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "(1) Adjusted gross profit, adjusted selling, general and administrative, 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\nmeasures. 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) Reflects change to adjusted net income definition discussed in more detail elsewhere in this earnings presentation.",
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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": "Net revenue $1,700 $1,847 $1,940 $1,993 $2,074 $2,101 $1,841 $1,845 $1,852 Gross profit $300 $384 $469 $538 $610 $622 $515 $532 $529 Gross profit margin 17.6% 20.8% 24.2% 27.0% 29.4% 29.6% 28.0% 28.8% 28.6% Share-based compensation 6 13 21 21 11 11 10 14 12 Adjusted gross profit(1) $306 $397 $490 $559 $621 $633 $525 $546 $541 Adjusted gross profit margin (1) 18.0% 21.5% 25.3% 28.0% 29.9% 30.1% 28.5% 29.6% 29.2% Selling, general and administrative $134 $167 $116 $121 $129 $130 $111 $132 $143 Share-based compensation $21 $33 $27 $24 $15 $25 $17 $24 $25 Adjusted selling, general and administrative (1) $113 $134 $89 $97 $114 $105 $94 $108 $118 Research and development $114 $130 $128 $120 $124 $110 $109 $106 $108 Share-based compensation $2 $9 $6 $8 $6 $7 $4 $6 $7 Adjusted research and development (1) $112 $121 $122 $112 $118 $103 $105 $100 $101 Operating profit (loss) $52 $87 $225 $297 $357 $288 $290 $275 $261 Operating profit margin 3.1% 4.7% 11.6% 14.9% 17.2% 13.7% 15.8% 14.9% 14.1% Share-based compensation $29 $55 $54 $53 $32 $43 $31 $44 $44 Restructuring charges (2) 94 5 19 17 Adjusted operating profit (1) $81 $142 $279 $350 $389 $425 $326 $338 $322 Adjusted operating profit margin(1) 4.8% 7.7% 14.4% 17.6% 18.8% 20.2% 17.7% 18.3% 17.4% Net income (3) $5 $43 $178 $264 $336 $668 $254 $237 $249 Net income margin 0.3% 2.3% 9.2% 13.2% 16.2% 31.8% 13.8% 12.8% 13.4% Share-based compensation $29 $55 $54 $53 $32 $43 $31 $44 $44 Restructuring charges (2) 94 5 19 17 Income tax effect(4) $(5) $- $(3) $(2) Adjusted net income (loss) (1) (4) $34 $98 $232 $317 $368 $800 $290 $297 $308 Adjusted net income margin(1) 2.0% 5.3% 12.0% 15.9% 17.7% 38.1% 15.8% 16.1% 16.6% Diluted earnings per share $0.01 $0.08 $0.33 $0.48 $0.61 $1.21 $0.46 $0.43 $0.45 Share-based compensation 0.06 0.10 0.09 0.10 0.06 0.07 0.05 0.08 0.08 Restructuring charges 0.17 0.01 0.03 0.03 Income tax effect (0.01) (0.01) (0.01) Diluted shares outstanding 512 540 549 550 553 554 555 556 556 Adjusted diluted earnings per share(1) $0.07 $0.18 $0.42 $0.58 $0.67 $1.44 $0.52 $0.53 $0.55 Net cash provided by operating activities $546 $416 Less: Purchase of property, plant and equipment and $400 $323 Free cash flow (1) $146 $93",
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      "text": "IFRS to Non-IFRS Reconciliations",
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