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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Tax Rate % : 13.55% (As of Mar. 2024)


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What is GLOBALFOUNDRIES Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. GLOBALFOUNDRIES's Tax Expense for the three months ended in Mar. 2024 was $21 Mil. GLOBALFOUNDRIES's Pre-Tax Income for the three months ended in Mar. 2024 was $155 Mil. Therefore, GLOBALFOUNDRIES's Tax Rate % for the quarter that ended in Mar. 2024 was 13.55%.

GLOBALFOUNDRIES Tax Rate % Historical Data

The historical data trend for GLOBALFOUNDRIES's Tax Rate % 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 Tax Rate % Chart

GLOBALFOUNDRIES Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial -19.53 0.88 -44.32 5.61 6.09

GLOBALFOUNDRIES Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.30 10.57 -2.47 7.02 13.55

GLOBALFOUNDRIES Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

GLOBALFOUNDRIES's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=66/1084
=6.09 %

GLOBALFOUNDRIES's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=21/155
=13.55 %

* 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.

GLOBALFOUNDRIES Tax Rate % Related Terms

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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

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