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  "documentTitle": "GlobalFoundries | Results Presentation Deck | 22 slides",
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  "authorName": "GlobalFoundries",
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  "presentationDate": "2024-05-01 00:00:00",
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      "text": "(1) Non-IFRS gross profit, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS operating profit, Non-IFRS operating expense (calculated by subtracting Non-IFRS operating profit from Non-IFRS gross profit), Non-IFRS net income, Non-IFRS diluted EPS, and any related margins are all Non-IFRS measures. See the Appendix for a discussion of why we believe these Non-IFRS measures are useful.\n(2) Beginning in Q3 2023, selling, general and administrative includes (gain)/loss on tool sales and certain contract cancellation fees. Prior period amounts have not been adjusted, as they are immaterial.\n(3) Relates to restructuring charges.",
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      "kind": "source-note",
      "text": "GlobalFoundries © 2024 All Rights Reserved",
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      "kind": "subtitle",
      "text": "(Unaudited, in millions USD except per share amounts)",
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      "text": "Net revenue $1,940 $1,993 $2,074 $2,101 $1,841 $1,845 $1,852 $1,854 $1,549 Gross profit $469 $538 $610 $622 $515 $532 $529 $525 $393 Gross profit margin 24.2% 27.0% 29.4% 29.6% 28.0% 28.8% 28.6% 28.3% 25.4% Share-based compensation 21 21 11 11 10 14 12 12 12 Non-IFRS gross profit (1) $490 $559 $621 $633 $525 $546 $541 $537 $405 Non-IFRS gross profit margin (1) 25.3% 28.0% 29.9% 30.1% 28.5% 29.6% 29.2% 29.0% 26.1% Selling, general and administrative (2) $116 $121 $129 $130 $111 $132 $143 $87 $122 Share-based compensation $27 $24 $15 $25 $17 $24 $25 $30 $21 Non-IFRS selling, general and administrative (1) $89 $97 $114 $105 $94 $108 $118 $57 $101 Research and development $128 $120 $124 $110 $109 $106 $108 $105 $124 Share-based compensation $6 $8 $6 $7 $4 $6 $7 $8 $7 Non-IFRS research and development (1) $122 $112 $118 $103 $105 $100 $101 $97 $117 Operating profit (loss) $225 $297 $357 $288 $290 $275 $261 $303 $147 Operating profit margin 11.6% 14.9% 17.2% 13.7% 15.8% 14.9% 14.1% 16.3% 9.5% Share-based compensation $54 $53 $32 $43 $31 $44 $44 $50 $40 Restructuring charges — — — 94 5 19 17 30 — Non-IFRS operating profit (1) $279 $350 $389 $425 $326 $338 $322 $383 $187 Non-IFRS operating profit margin (1) 14.4% 17.6% 18.8% 20.2% 17.7% 18.3% 17.4% 20.7% 12.1% Net income $178 $264 $336 $668 $254 $237 $249 $278 $134 Net income margin 9.2% 13.2% 16.2% 31.8% 13.8% 12.8% 13.4% 15.0% 8.7% Share-based compensation $54 $53 $32 $43 $31 $44 $44 $50 $40 Restructuring charges — — — 94 5 19 17 30 — Income tax effect (3) — — — $(5) — $(3) $(2) $(2) — Non-IFRS net income (1) $232 $317 $368 $800 $290 $297 $308 $356 $174 Non-IFRS net income margin (1) 12.0% 15.9% 17.7% 38.1% 15.8% 16.1% 16.6% 19.2% 11.2% Diluted earnings per share $0.33 $0.48 $0.61 $1.21 $0.46 $0.43 $0.45 $0.50 $0.24 Share-based compensation 0.09 0.10 0.06 0.07 0.05 0.08 0.08 0.09 0.07 Restructuring charges — — — 0.17 0.01 0.03 0.03 0.05 — Income tax effect (4) — — — (0.01) — (0.01) (0.01) — — Diluted shares outstanding 549 550 553 554 555 556 556 557 558 Non-IFRS diluted EPS (1) $0.42 $0.58 $0.67 $1.44 $0.52 $0.53 $0.55 $0.64 $0.31",
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      "kind": "title",
      "text": "IFRS to Non-IFRS Reconciliations",
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