Corning Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Corning Incorporated
GLW Stock  USD 48.52  0.68  1.42%   
Corning Incorporated financial statements provide useful quarterly and yearly information to potential Corning Incorporated investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Corning Incorporated financial statements helps investors assess Corning Incorporated's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Corning Incorporated's valuation are summarized below:
Gross Profit
4.8 B
Profit Margin
0.0124
Market Capitalization
41.5 B
Enterprise Value Revenue
3.8277
Revenue
12.6 B
There are over one hundred nineteen available fundamental signals for Corning Incorporated, which can be analyzed over time and compared to other ratios. All traders should should validate Corning Incorporated's prevailing fundamental trends against the trends from 2010 to 2024 to make sure the company is sustainable. Market Cap is likely to climb to about 29.1 B in 2024. Enterprise Value is likely to climb to about 27.8 B in 2024

Corning Incorporated Total Revenue

6.88 Billion

Check Corning Incorporated financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Corning Incorporated's main balance sheet or income statement drivers, such as Depreciation And Amortization of 768.6 M, Interest Expense of 345.4 M or Total Revenue of 6.9 B, as well as many indicators such as Price To Sales Ratio of 2.61, Dividend Yield of 0.0364 or PTB Ratio of 4.2. Corning financial statements analysis is a perfect complement when working with Corning Incorporated Valuation or Volatility modules.
  
Check out the analysis of Corning Incorporated Correlation against competitors.
For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.

Corning Incorporated Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets17.1 B28.5 B26.3 B
Pretty Stable
Short and Long Term Debt Total8.9 B8.5 B5.4 B
Slightly volatile
Other Current Liabilities2.5 B2.4 B1.4 B
Slightly volatile
Total Current Liabilities4.5 B4.3 B3.1 B
Slightly volatile
Total Stockholder Equity9.6 B11.6 B15 B
Slightly volatile
Property Plant And Equipment Net16.3 B15.5 B12.9 B
Slightly volatile
Retained Earnings17.2 B16.4 B13.8 B
Slightly volatile
Cash1.9 B1.8 B3.3 B
Slightly volatile
Non Current Assets Total12 B21.3 B18.7 B
Slightly volatile
Non Currrent Assets Other1 B923 M1 B
Slightly volatile
Cash And Short Term Investments2.3 B1.8 B3.5 B
Slightly volatile
Net Receivables1.1 B1.6 B1.5 B
Slightly volatile
Common Stock Shares Outstanding1.2 B859 M1.1 B
Slightly volatile
Liabilities And Stockholders Equity17.1 B28.5 B26.3 B
Pretty Stable
Non Current Liabilities Total12.9 B12.3 B8.8 B
Slightly volatile
Inventory2.8 B2.7 B1.8 B
Slightly volatile
Other Current Assets1.3 B1.2 B847.9 M
Slightly volatile
Total Liabilities17.5 B16.6 B11.9 B
Slightly volatile
Total Current Assets5.1 B7.2 B7.6 B
Very volatile
Short Term Debt453.6 M432 M202.8 M
Slightly volatile
Intangible Assets1 B905 M939.7 M
Slightly volatile
Accounts Payable806 M1.5 B1.1 B
Slightly volatile
Good Will1.7 B2.4 B1.7 B
Slightly volatile
Common Stock Total Equity1.2 B819 M889.1 M
Slightly volatile
Property Plant And Equipment Gross31.6 B30.1 B16 B
Slightly volatile
Common Stock982.3 M916 M878.4 M
Slightly volatile
Other Liabilities2.9 B5.3 B3.5 B
Slightly volatile
Other Assets2.3 B3.7 B2.7 B
Slightly volatile
Long Term Debt4.4 B7.2 B5 B
Slightly volatile
Property Plant Equipment10.6 B17.7 B12.9 B
Slightly volatile
Current Deferred Revenue433.7 M329 M548.2 M
Slightly volatile
Net Tangible Assets11.7 B7.7 B13.7 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity322.4 M307.1 M131.3 M
Slightly volatile
Retained Earnings Total Equity14.4 B19.3 B14 B
Slightly volatile
Long Term Debt Total5 B7.7 B5 B
Slightly volatile
Capital Surpluse15.4 B19.2 B14.5 B
Slightly volatile
Long Term Investments393.3 M414 M1.8 B
Slightly volatile
Non Current Liabilities Other1.1 B1.1 B3.3 B
Pretty Stable
Deferred Long Term Asset Charges1.9 B1.9 B2.2 B
Slightly volatile
Short and Long Term Debt168.7 M320 M123.1 M
Slightly volatile
Cash And Equivalents2.4 B1.5 B3.8 B
Slightly volatile
Net Invested Capital20.5 B19.1 B18.7 B
Slightly volatile
Net Working Capital2.9 B2.9 B4.5 B
Slightly volatile
Capital Stock1.6 B916 M2.6 B
Slightly volatile
Capital Lease Obligations934.1 M958 M652.5 M
Slightly volatile

Corning Incorporated Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization768.6 M1.4 B1.1 B
Slightly volatile
Total Revenue6.9 B12.6 B9.7 B
Slightly volatile
Gross Profit2.7 B3.9 B3.6 B
Slightly volatile
Other Operating Expenses6 B11.6 B8.4 B
Slightly volatile
Operating Income608.9 M890 M1.3 B
Very volatile
EBIT1.5 B890 M1.9 B
Slightly volatile
EBITDA845.5 M890 M2.8 B
Pretty Stable
Cost Of Revenue9.1 B8.7 B6.4 B
Slightly volatile
Total Operating Expenses1.8 B2.9 B2.3 B
Slightly volatile
Income Before Tax895.7 M816 M1.8 B
Slightly volatile
Selling General Administrative1.2 B1.8 B1.5 B
Slightly volatile
Research Development703.7 M1.1 B832.6 M
Slightly volatile
Non Recurring62.3 M88.5 M93 M
Slightly volatile
Interest Income42.7 M38 M123.2 M
Slightly volatile
Reconciled Depreciation1.5 B1.4 B1.3 B
Slightly volatile
Preferred Stock And Other Adjustments661.6 M744.3 M810.5 M
Slightly volatile

Corning Incorporated Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow643.7 M615 M1.1 B
Pretty Stable
Begin Period Cash Flow2.1 B1.7 B3.5 B
Slightly volatile
Depreciation842.6 M1.4 B1.2 B
Slightly volatile
Dividends Paid939.5 M989 M666.4 M
Slightly volatile
Capital Expenditures1.2 B1.4 B1.5 B
Pretty Stable
Total Cash From Operating Activities1.9 B2 B2.6 B
Very volatile
End Period Cash Flow2.2 B1.8 B3.3 B
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.612.05132.4135
Pretty Stable
Dividend Yield0.03640.03830.0274
Slightly volatile
PTB Ratio4.22.23541.8851
Slightly volatile
Days Sales Outstanding65.4345.581558.1022
Pretty Stable
Book Value Per Share14.713.995314.8016
Slightly volatile
Free Cash Flow Yield0.01420.02380.0417
Slightly volatile
Operating Cash Flow Per Share1.272.36442.4523
Slightly volatile
Stock Based Compensation To Revenue0.0120.01730.01
Pretty Stable
Capex To Depreciation1.751.01531.3256
Pretty Stable
PB Ratio4.22.23541.8851
Slightly volatile
EV To Sales2.772.58392.5511
Slightly volatile
Free Cash Flow Per Share0.390.72520.9738
Very volatile
Inventory Turnover5.073.24723.9707
Slightly volatile
Days Of Inventory On Hand66.3511295.0316
Slightly volatile
Payables Turnover7.075.90525.8438
Pretty Stable
Research And Ddevelopement To Revenue0.09890.08550.0841
Slightly volatile
Capex To Revenue0.140.11040.1508
Slightly volatile
Cash Per Share1.52.09793.1734
Slightly volatile
POCF Ratio19.0612.878610.6941
Slightly volatile
Interest Coverage2.572.70528.9729
Slightly volatile
Capex To Operating Cash Flow0.860.69330.6462
Pretty Stable
PFCF Ratio44.0941.986391.3983
Pretty Stable
Days Payables Outstanding50.1961.810165.3273
Very volatile
EV To Operating Cash Flow20.4616.222711.7478
Slightly volatile
EV To Free Cash Flow55.5352.8888108
Pretty Stable
Intangibles To Total Assets0.10.11530.0984
Pretty Stable
Current Ratio1.821.66982.8046
Slightly volatile
Tangible Book Value Per Share5.4310.121511.6712
Pretty Stable
Receivables Turnover5.118.00766.3698
Pretty Stable
Graham Number10.514.490820.0425
Very volatile
Shareholders Equity Per Share14.313.621514.6307
Slightly volatile
Debt To Equity0.520.65150.3892
Slightly volatile
Capex Per Share0.881.63921.4786
Slightly volatile
Revenue Per Share15.5914.844310.9794
Slightly volatile
Interest Debt Per Share9.739.2635.8931
Slightly volatile
Debt To Assets0.220.26410.1891
Slightly volatile
Enterprise Value Over EBITDA8.2512.07829.043
Slightly volatile
Short Term Coverage Ratios5.956.2656153
Very volatile
Operating Cycle114158152
Pretty Stable
Price Book Value Ratio4.22.23541.8851
Slightly volatile
Days Of Payables Outstanding50.1961.810165.3273
Very volatile
Price To Operating Cash Flows Ratio19.0612.878610.6941
Slightly volatile
Price To Free Cash Flows Ratio44.0941.986391.3983
Pretty Stable
Pretax Profit Margin0.07790.06480.1936
Slightly volatile
Ebt Per Ebit1.040.91691.3386
Slightly volatile
Operating Profit Margin0.05050.07070.1345
Slightly volatile
Company Equity Multiplier2.312.46731.9171
Slightly volatile
Long Term Debt To Capitalization0.310.38420.2579
Slightly volatile
Total Debt To Capitalization0.320.39450.2642
Slightly volatile
Return On Capital Employed0.05290.03680.0607
Slightly volatile
Debt Equity Ratio0.520.65150.3892
Slightly volatile
Ebit Per Revenue0.05050.07070.1345
Slightly volatile
Quick Ratio1.461.05262.2565
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.830.84281.2264
Slightly volatile
Cash Ratio0.630.41191.2462
Slightly volatile
Cash Conversion Cycle94.7396.176488.6825
Slightly volatile
Operating Cash Flow Sales Ratio0.180.15930.2598
Slightly volatile
Days Of Inventory Outstanding66.3511295.0316
Slightly volatile
Days Of Sales Outstanding65.4345.581558.1022
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.180.30670.3564
Pretty Stable
Cash Flow Coverage Ratios0.50.26640.6101
Slightly volatile
Price To Book Ratio4.22.23541.8851
Slightly volatile
Fixed Asset Turnover1.470.81140.9359
Pretty Stable
Capital Expenditure Coverage Ratio1.161.44241.8053
Pretty Stable
Price Cash Flow Ratio19.0612.878610.6941
Slightly volatile
Enterprise Value Multiple8.2512.07829.043
Slightly volatile
Debt Ratio0.220.26410.1891
Slightly volatile
Cash Flow To Debt Ratio0.50.26640.6101
Slightly volatile
Price Sales Ratio2.612.05132.4135
Pretty Stable
Asset Turnover0.580.44170.4077
Pretty Stable
Gross Profit Margin0.440.31230.3889
Slightly volatile
Price Fair Value4.22.23541.8851
Slightly volatile

Corning Incorporated Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap29.1 B27.7 B28.9 B
Slightly volatile
Enterprise Value27.8 B26.5 B27.6 B
Slightly volatile

Corning Fundamental Market Drivers

Forward Price Earnings21.0526
Cash And Short Term Investments1.8 B

Corning Upcoming Events

30th of January 2024
Upcoming Quarterly Report
View
23rd of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
30th of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Corning Incorporated Financial Statements

Corning Incorporated investors use historical fundamental indicators, such as Corning Incorporated's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Corning Incorporated. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue329 M433.7 M
Total Revenue12.6 B6.9 B
Cost Of Revenue8.7 B9.1 B
Stock Based Compensation To Revenue 0.02  0.01 
Research And Ddevelopement To Revenue 0.09  0.10 
Capex To Revenue 0.11  0.14 
Revenue Per Share 14.84  15.59 
Ebit Per Revenue 0.07  0.05 

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Additional Tools for Corning Stock Analysis

When running Corning Incorporated's price analysis, check to measure Corning Incorporated's 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 Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.
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