Globalfoundries Historical Income Statement
| GFS Stock | USD 49.09 1.16 2.42% |
Historical analysis of Globalfoundries income statement accounts such as Interest Income of 156.4 M or Depreciation And Amortization of 1.7 B can show how well Globalfoundries performed in making a profits. Evaluating Globalfoundries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Globalfoundries's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Globalfoundries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Globalfoundries is a good buy for the upcoming year.
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About Globalfoundries Income Statement Analysis
Globalfoundries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Globalfoundries shareholders. The income statement also shows Globalfoundries investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Globalfoundries Income Statement Chart
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Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Total Revenue
Total revenue comprises all receipts Globalfoundries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Globalfoundries. It is also known as Globalfoundries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Globalfoundries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Globalfoundries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalfoundries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Globalfoundries Stock please use our How to Invest in Globalfoundries guide.At this time, Globalfoundries' Research Development is comparatively stable compared to the past year. Reconciled Depreciation is likely to gain to about 1.7 B in 2024, whereas Selling General Administrative is likely to drop slightly above 442.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 108M | 60M | 101M | 98.9M | Depreciation And Amortization | 1.6B | 1.7B | 1.5B | 1.7B |
Globalfoundries income statement Correlations
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Globalfoundries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Globalfoundries income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 224.1M | (12.3M) | 78M | 86M | 53M | 59.4M | |
| Net Interest Income | (218.8M) | (151.3M) | (108M) | (60M) | 2M | 2.1M | |
| Interest Income | 11.4M | 3.1M | 5.7M | 51M | 149M | 156.5M | |
| Depreciation And Amortization | 2.7B | 2.5B | 1.6B | 1.7B | 1.5B | 1.7B | |
| Interest Expense | 202.8M | 132.7M | 108M | 60M | 101M | 98.9M | |
| Selling General Administrative | 358.9M | 287.6M | 545.0M | 451M | 448M | 442.9M | |
| Total Revenue | 5.8B | 4.9B | 6.6B | 8.1B | 7.4B | 7.1B | |
| Gross Profit | (532.2M) | (712.7M) | 1.0B | 2.2B | 2.1B | 2.2B | |
| Other Operating Expenses | 7.4B | 6.5B | 6.6B | 6.8B | 6.2B | 5.5B | |
| Operating Income | (1.5B) | (1.5B) | (68M) | 1.2B | 1.2B | 1.3B | |
| Net Income From Continuing Ops | (1.4B) | (1.4B) | (254M) | 1.4B | 1.4B | 1.5B | |
| Ebit | (1.5B) | (1.5B) | (68M) | 1.2B | 1.2B | 1.3B | |
| Research Development | 583.0M | 475.8M | 478M | 482M | 428M | 449.7M | |
| Ebitda | 1.2B | 1.0B | 1.6B | 2.9B | 2.7B | 1.9B | |
| Cost Of Revenue | 6.3B | 5.6B | 5.6B | 5.9B | 5.3B | 4.7B | |
| Total Operating Expenses | 1.0B | 920.6M | 1.1B | 978M | 901M | 837.4M | |
| Reconciled Depreciation | 2.7B | 2.5B | 1.6B | 1.6B | 1.5B | 1.7B | |
| Income Before Tax | (1.1B) | (1.4B) | (176M) | 1.5B | 1.1B | 1.1B | |
| Total Other Income Expense Net | 347.8M | 138.9M | (108M) | 365M | (116M) | (110.2M) | |
| Net Income Applicable To Common Shares | (1.4B) | (1.3B) | (250.3M) | 1.4B | 1.7B | 1.7B | |
| Net Income | (1.4B) | (1.4B) | (254M) | 1.4B | 1.0B | 1.1B | |
| Income Tax Expense | 224.1M | (12.3M) | 78M | 86M | 66M | 61.1M | |
| Minority Interest | 0.0 | 3.3M | 3.6M | 2M | 3M | 2.9M |
Pair Trading with Globalfoundries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Globalfoundries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Globalfoundries will appreciate offsetting losses from the drop in the long position's value.Moving together with Globalfoundries Stock
The ability to find closely correlated positions to Globalfoundries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globalfoundries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Globalfoundries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Globalfoundries to buy it.
The correlation of Globalfoundries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Globalfoundries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globalfoundries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Globalfoundries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Globalfoundries Stock Analysis
When running Globalfoundries' price analysis, check to measure Globalfoundries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globalfoundries is operating at the current time. Most of Globalfoundries' value examination focuses on studying past and present price action to predict the probability of Globalfoundries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalfoundries' price. Additionally, you may evaluate how the addition of Globalfoundries to your portfolios can decrease your overall portfolio volatility.