GLOBALFOUNDRIES (GLOBALFOUNDRIES) Deferred Tax

: $50 Mil (TTM As of Dec. 2023)

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Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

GLOBALFOUNDRIES's change in deferred tax for the three months ended in Dec. 2023 was $8 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Dec. 2023 was $50 Mil.

GLOBALFOUNDRIES Deferred Tax Historical Data

The historical data trend for GLOBALFOUNDRIES's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Deferred Tax

214.27

-38.00

93.00

82.00

50.00

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Deferred Tax													30.00	22.00	24.00	-4.00	8.00

GLOBALFOUNDRIES Deferred Tax Calculation

Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $50 Mil.

GLOBALFOUNDRIES Deferred Tax Related Terms

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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GLOBALFOUNDRIES Inc (NAS:GFS) » Definitions » Deferred Tax

Comparable Companies

Traded in Other Exchanges

GFS:Mexico 76J:Germany

Address

400 Stonebreak Road Extension, Malta, NY, USA, 12020

Website

https://www.gf.com

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 14,000 people.