GLOBALFOUNDRIES (GLOBALFOUNDRIES) Accounts Payable & Accrued Expense : $2,153 Mil (As of Mar. 2024)

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What is GLOBALFOUNDRIES Accounts Payable & Accrued Expense?

GLOBALFOUNDRIES's quarterly accounts payable & accrued expense declined from Sep. 2023 ($2,321 Mil) to Dec. 2023 ($1,357 Mil) but then increased from Dec. 2023 ($1,357 Mil) to Mar. 2024 ($2,153 Mil).

GLOBALFOUNDRIES's annual accounts payable & accrued expense increased from Dec. 2021 ($1,935 Mil) to Dec. 2022 ($2,159 Mil) but then declined from Dec. 2022 ($2,159 Mil) to Dec. 2023 ($1,357 Mil).

GLOBALFOUNDRIES Accounts Payable & Accrued Expense Historical Data

The historical data trend for GLOBALFOUNDRIES's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,366.28

1,189.16

1,935.00

2,159.00

1,357.00

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													2,400.00	2,320.00	2,321.00	1,357.00	2,153.00

GLOBALFOUNDRIES Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GLOBALFOUNDRIES Inc (NAS:GFS) » Definitions » Accounts Payable & Accrued Expense

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.