Revenue
Cost
Profit
| Item | Category | Value | YoY |
|---|---|---|---|
| Net sales | revenue | 4.14B | 20.05% |
| Gross margin | profit | 1.53B | 25.86% |
| Cost of sales | cost | 2.62B | 16.89% |
| Interest income | revenue | 9.00M | -25.00% |
| Operating income | profit | 639.00M | 43.60% |
| Selling, general and administrative expenses | cost | 588.00M | 24.84% |
| Research, development and engineering expenses | cost | 278.00M | 2.96% |
| Amortization of purchased intangibles | cost | 23.00M | -17.86% |
| Aggregate | revenue | 648.00M | 41.79% |
| Income before income taxes | profit | 529.00M | 120.42% |
| Interest expense, nonoperating | cost | 92.00M | 12.20% |
| Translated earnings contract loss, net | revenue | 16.00M | -84.16% |
| Other expense, net | revenue | 11.00M | -67.65% |
| Net income | profit | 408.00M | 120.54% |
| Income tax expense (benefit) | cost | 121.00M | 120.00% |
| Net income attributable to corning incorporated | profit | 371.00M | 136.31% |
| Net income (loss) attributable to noncontrolling interest | cost | 37.00M | 32.14% |
| Segment | Value | YoY |
|---|---|---|
| Optical Communications Products | 1.85B | 36.24% |
| Electronics Glass And Advanced Optics Products | 1.22B | 1.33% |
| Automotive Products | 441.00M | 3.52% |
| Polycrystalline Silicon And Solar Products | 370.00M | 79.61% |
| Life Science Products | 228.00M | 0.00% |
| Product and Service, Other | 44.00M | 15.79% |
| Item | Category | Value | YoY |
|---|---|---|---|
| Inventories (note 3) | assets | 3.28B | |
| Trade accounts receivable, net of doubtful accounts - $27 and $27 | assets | 2.68B | |
| Other current assets (note 5) | assets | 1.82B | |
| Cash and cash equivalents | assets | 1.75B | |
| Total current assets | assets | 9.53B | |
| Property, plant and equipment, net of accumulated depreciation - $15,162 and $15,229 | assets | 14.79B | |
| Goodwill | assets | 2.48B | |
| Other assets (note 5) | assets | 2.26B | |
| Deferred income taxes (note 11) | assets | 1.57B | |
| Other intangible assets, net | assets | 632.00M | |
| Total assets | assets | 31.25B | |
| Total liabilities | liabilities | 18.90B | |
| Total equity | liabilities | 12.35B | |
| Long-term debt | liabilities | 7.72B | |
| Total current liabilities | liabilities | 5.92B | |
| Other liabilities (notes 5 and 8) | liabilities | 4.96B | |
| Postretirement benefits other than pensions (note 7) | liabilities | 311.00M | |
| Non-controlling interest | liabilities | 537.00M | |
| Total corning incorporated shareholders’ equity | equity | 11.81B | |
| Treasury stock, common, value | equity | 21.21B | |
| Accumulated other comprehensive loss | equity | 2.29B | |
| Other accrued liabilities (notes 5 and 8) | liabilities | 2.41B | |
| Accounts payable | liabilities | 2.25B | |
| Current portion of long-term debt and short-term borrowings (note 6) | liabilities | 1.25B | |
| Aggregate | equity | 35.31B | |
| Additional paid-in capital – common stock | equity | 17.70B | |
| Retained earnings | equity | 16.68B | |
| Common stock – par value $0.50 per share; shares authorized 3.8 billion; shares issued: 1.9 billion and 1.8 billion | equity | 925.00M |
| Item | Value |
|---|---|
| Net income | 408.00M |
| Depreciation | 334.00M |
| Share-based compensation expense | 115.00M |
| Increase (decrease) in other operating assets and liabilities, net | 99.00M |
| Amortization of purchased intangibles | 23.00M |
| Translated earnings contract loss, net | 16.00M |
| Increase (decrease) in accounts receivable | 12.00M |
| Translation (gain) loss on foreign denominated debt | -6.00M |
| Deferred income | -38.00M |
| Increase (decrease) in other current assets | -56.00M |
| Deferred tax benefit | -62.00M |
| Accounts payable and other current liabilities | -80.00M |
| Customer deposits and government incentives | -171.00M |
| Increase (decrease) in inventories | -232.00M |
| Item | Value |
|---|---|
| Realized gains on translated earnings contracts and other | 150.00M |
| Proceeds from chips act incentives | 8.00M |
| Payment for (proceeds from) other investing activity | -29.00M |
| Payments for capital improvements | -332.00M |
| Item | Value |
|---|---|
| Proceeds from issuance of debt and short-term borrowings | 427.00M |
| Proceeds from exercise of stock options | 14.00M |
| Repayments of debt | -13.00M |
| Other, net | -62.00M |
| Payment, tax withholding, share-based payment arrangement | -63.00M |
| Payments of ordinary dividends | -244.00M |
| Item | Value |
|---|---|
| Cash and cash equivalents, beginning of period | 1.57B |
| Cash and cash equivalents, end of period | 1.78B |
Instantly decode complex 10-K and 10-Q data. Explore interactive Sankey diagrams for income and balance sheets, and intuitive waterfall charts for cash flows.
Search for a company and select a report on the left panel.
Request Stock Support