Corning Historical Income Statement

GLW Stock

USD 48.52 0.68 1.42%

Historical analysis of Corning Incorporated income statement accounts such as Total Revenue of 6.9 B or Gross Profit of 2.7 B can show how well Corning Incorporated performed in making a profits. Evaluating Corning Incorporated income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Corning Incorporated's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Corning Incorporated 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 Corning Incorporated is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.

About Corning Income Statement Analysis

Corning Incorporated 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 Corning Incorporated shareholders. The income statement also shows Corning 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).

Corning Incorporated Income Statement Chart

At this time, Corning Incorporated's Interest Expense is fairly stable compared to the past year. EBIT is likely to climb to about 1.5 B in 2024, whereas Total Revenue is likely to drop slightly above 6.9 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts Corning Incorporated 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Corning Incorporated minus its cost of goods sold. It is profit before Corning Incorporated operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Corning Incorporated. It is also known as Corning Incorporated 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.

Operating Income

Operating Income is the amount of profit realized from Corning Incorporated operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Corning Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Corning Incorporated's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Corning Incorporated 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 Corning Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.At this time, Corning Incorporated's Interest Expense is fairly stable compared to the past year. EBIT is likely to climb to about 1.5 B in 2024, whereas Total Revenue is likely to drop slightly above 6.9 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.1B	4.5B	3.9B	2.7B
Total Revenue	14.1B	14.2B	12.6B	6.9B

Gross Profit Total Revenue

Corning Incorporated income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.62	0.95	0.91	0.94	0.52	0.25	0.49	0.74	0.96	0.22	-0.01	0.14	0.14	0.84	0.96	0.11	-0.35	-0.77	-0.56	0.11	-0.58	-0.39	0.44	0.02
Interest Expense	0.62		0.7	0.51	0.75	-0.02	-0.17	-0.18	0.96	0.73	-0.25	-0.41	-0.18	-0.25	0.75	0.74	-0.45	-0.41	-0.64	-0.64	0.01	-0.79	-0.92	0.86	0.56
Total Revenue	0.95	0.7		0.92	0.99	0.53	0.19	0.4	0.82	0.96	0.16	-0.12	0.07	0.14	0.9	0.93	-0.14	-0.33	-0.7	-0.58	0.18	-0.66	-0.52	0.52	0.11
Gross Profit	0.91	0.51	0.92		0.86	0.79	0.47	0.63	0.68	0.86	0.44	0.1	0.27	0.32	0.73	0.83	-0.03	-0.19	-0.76	-0.48	0.24	-0.47	-0.25	0.28	-0.06
Other Operating Expenses	0.94	0.75	0.99	0.86		0.4	0.06	0.28	0.85	0.98	0.03	-0.21	-0.03	0.06	0.94	0.95	-0.15	-0.4	-0.66	-0.62	0.15	-0.71	-0.59	0.59	0.16
Operating Income	0.52	-0.02	0.53	0.79	0.4		0.77	0.84	0.2	0.38	0.76	0.43	0.5	0.55	0.22	0.34	0.02	0.22	-0.46	-0.04	0.28	0.01	0.22	-0.21	-0.35
Ebit	0.25	-0.17	0.19	0.47	0.06	0.77		0.89	-0.01	0.05	0.83	0.63	0.61	0.46	-0.21	0.12	0.18	0.51	-0.35	0.42	0.02	0.36	0.3	-0.31	-0.34
Ebitda	0.49	-0.18	0.4	0.63	0.28	0.84	0.89		0.03	0.28	0.78	0.57	0.56	0.51	0.05	0.31	0.39	0.34	-0.39	0.22	0.1	0.2	0.33	-0.25	-0.6
Cost Of Revenue	0.74	0.96	0.82	0.68	0.85	0.2	-0.01	0.03		0.83	-0.1	-0.33	-0.1	-0.09	0.81	0.83	-0.41	-0.39	-0.73	-0.66	0.09	-0.79	-0.83	0.81	0.4
Total Operating Expenses	0.96	0.73	0.96	0.86	0.98	0.38	0.05	0.28	0.83		0.01	-0.21	-0.04	0.07	0.95	0.97	-0.01	-0.48	-0.73	-0.69	0.17	-0.72	-0.52	0.56	0.13
Income Before Tax	0.22	-0.25	0.16	0.44	0.03	0.76	0.83	0.78	-0.1	0.01		0.9	0.87	0.3	-0.17	0.0	0.12	0.44	-0.29	0.21	-0.08	0.25	0.41	-0.45	-0.36
Total Other Income Expense Net	-0.01	-0.41	-0.12	0.1	-0.21	0.43	0.63	0.57	-0.33	-0.21	0.9		0.88	0.09	-0.35	-0.22	0.22	0.45	-0.08	0.31	-0.27	0.36	0.5	-0.57	-0.33
Net Income	0.14	-0.18	0.07	0.27	-0.03	0.5	0.61	0.56	-0.1	-0.04	0.87	0.88		-0.2	-0.17	-0.06	0.07	0.6	-0.18	0.16	-0.52	0.25	0.24	-0.3	-0.25
Income Tax Expense	0.14	-0.25	0.14	0.32	0.06	0.55	0.46	0.51	-0.09	0.07	0.3	0.09	-0.2		-0.05	0.09	0.22	-0.25	-0.19	0.12	0.85	0.05	0.42	-0.35	-0.38
Selling General Administrative	0.84	0.75	0.9	0.73	0.94	0.22	-0.21	0.05	0.81	0.95	-0.17	-0.35	-0.17	-0.05		0.87	-0.16	-0.53	-0.58	-0.75	0.16	-0.79	-0.6	0.6	0.21
Research Development	0.96	0.74	0.93	0.83	0.95	0.34	0.12	0.31	0.83	0.97	0.0	-0.22	-0.06	0.09	0.87		0.06	-0.45	-0.74	-0.59	0.14	-0.67	-0.53	0.6	0.18
Minority Interest	0.11	-0.45	-0.14	-0.03	-0.15	0.02	0.18	0.39	-0.41	-0.01	0.12	0.22	0.07	0.22	-0.16	0.06		-0.09	-0.01	0.12	0.01	0.22	0.56	-0.29	-0.59
Net Income From Continuing Ops	-0.35	-0.41	-0.33	-0.19	-0.4	0.22	0.51	0.34	-0.39	-0.48	0.44	0.45	0.6	-0.25	-0.53	-0.45	-0.09		0.35	0.74	-0.6	0.67	0.2	-0.28	-0.24
Non Recurring	-0.77	-0.64	-0.7	-0.76	-0.66	-0.46	-0.35	-0.39	-0.73	-0.73	-0.29	-0.08	-0.18	-0.19	-0.58	-0.74	-0.01	0.35		0.55	-0.15	0.48	0.32	-0.37	-0.13
Non Operating Income Net Other	-0.56	-0.64	-0.58	-0.48	-0.62	-0.04	0.42	0.22	-0.66	-0.69	0.21	0.31	0.16	0.12	-0.75	-0.59	0.12	0.74	0.55		-0.23	0.82	0.42	-0.51	-0.19
Tax Provision	0.11	0.01	0.18	0.24	0.15	0.28	0.02	0.1	0.09	0.17	-0.08	-0.27	-0.52	0.85	0.16	0.14	0.01	-0.6	-0.15	-0.23		-0.28	0.16	-0.11	-0.13
Interest Income	-0.58	-0.79	-0.66	-0.47	-0.71	0.01	0.36	0.2	-0.79	-0.72	0.25	0.36	0.25	0.05	-0.79	-0.67	0.22	0.67	0.48	0.82	-0.28		0.67	-0.74	-0.27
Net Interest Income	-0.39	-0.92	-0.52	-0.25	-0.59	0.22	0.3	0.33	-0.83	-0.52	0.41	0.5	0.24	0.42	-0.6	-0.53	0.56	0.2	0.32	0.42	0.16	0.67		-0.91	-0.57
Reconciled Depreciation	0.44	0.86	0.52	0.28	0.59	-0.21	-0.31	-0.25	0.81	0.56	-0.45	-0.57	-0.3	-0.35	0.6	0.6	-0.29	-0.28	-0.37	-0.51	-0.11	-0.74	-0.91		0.32
Extraordinary Items	0.02	0.56	0.11	-0.06	0.16	-0.35	-0.34	-0.6	0.4	0.13	-0.36	-0.33	-0.25	-0.38	0.21	0.18	-0.59	-0.24	-0.13	-0.19	-0.13	-0.27	-0.57	0.32

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Corning Incorporated Account Relationship Matchups

Corning Incorporated income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.4B	1.5B	1.5B	1.5B	1.4B	768.6M
Interest Expense	221M	276M	300M	292M	329M	345.5M
Total Revenue	11.5B	11.3B	14.1B	14.2B	12.6B	6.9B
Gross Profit	4.0B	3.5B	5.1B	4.5B	3.9B	2.7B
Other Operating Expenses	10.2B	10.8B	12.0B	12.8B	11.6B	6.0B
Operating Income	1.3B	509M	2.1B	1.4B	890M	608.9M
Ebit	1.3B	1.3B	2.3B	1.9B	890M	1.5B
Ebitda	2.7B	2.9B	3.8B	3.4B	890M	845.5M
Cost Of Revenue	7.5B	7.8B	9.0B	9.7B	8.7B	9.1B
Total Operating Expenses	2.7B	3.0B	3.0B	3.1B	2.9B	1.8B
Income Before Tax	1.2B	623M	2.4B	1.8B	816M	895.7M
Total Other Income Expense Net	(90M)	114M	314M	359M	(74M)	(70.3M)
Net Income	960M	512M	1.9B	1.3B	581M	839.9M
Income Tax Expense	256M	111M	491M	411M	(168M)	(159.6M)
Selling General Administrative	1.6B	1.7B	1.8B	1.9B	1.8B	1.2B
Research Development	1.0B	1.2B	995M	1.0B	1.1B	703.7M
Net Income Applicable To Common Shares	960M	512M	1.1B	1.3B	1.2B	1.4B
Minority Interest	90M	191M	(29M)	(70M)	(67M)	(63.7M)
Net Income From Continuing Ops	960M	512M	1.9B	1.4B	648M	1.2B
Non Operating Income Net Other	(117M)	428M	231M	300M	270M	256.5M
Tax Provision	256M	111M	491M	411M	168M	159.6M
Interest Income	45M	38M	21M	15M	11M	42.7M
Net Interest Income	(200M)	(261M)	(289M)	(277M)	(291M)	(305.6M)
Reconciled Depreciation	1.5B	1.5B	1.5B	1.5B	1.4B	1.5B

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Corning Historical Income Statement

About Corning Income Statement Analysis

Corning Incorporated Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Corning Incorporated income statement Correlations

Corning Incorporated Account Relationship Matchups

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Corning Incorporated income statement Accounts

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Other Operating Expenses	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.98	Other Operating Expenses
Research Development	+ 0.97	Total Operating Expenses
Total Operating Expenses	+ 0.96	Depreciation And Amortization
Research Development	+ 0.96	Depreciation And Amortization
Cost Of Revenue	+ 0.96	Interest Expense

Net Interest Income	- 0.92	Interest Expense
Reconciled Depreciation	- 0.91	Net Interest Income
Net Interest Income	- 0.83	Cost Of Revenue
Interest Income	- 0.79	Selling General Administrative
Interest Income	- 0.79	Cost Of Revenue
Interest Income	- 0.79	Interest Expense