Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Sales | 13,118.00 | 12,588.00 | 14,189.00 | 14,082.00 | 11,303.00 | 11,503.00 | 11,290.00 | 10,116.00 | 9,390.00 | 9,111.00 |
Total Revenues | 13,118.00 | 12,588.00 | 14,189.00 | 14,082.00 | 11,303.00 | 11,503.00 | 11,290.00 | 10,116.00 | 9,390.00 | 9,111.00 |
Cost of sales | 8,842.00 | 8,657.00 | 9,683.00 | 9,019.00 | 7,772.00 | 7,468.00 | 6,829.00 | 6,084.00 | 5,644.00 | 5,458.00 |
Gross Profit | 4,276.00 | 3,931.00 | 4,506.00 | 5,063.00 | 3,531.00 | 4,035.00 | 4,461.00 | 4,032.00 | 3,746.00 | 3,653.00 |
Amortization of purchased intangibles | 121.00 | 122.00 | 123.00 | 129.00 | 121.00 | 113.00 | 94.00 | 75.00 | 64.00 | 54.00 |
Research, development and engineering expenses | 1,089.00 | 1,076.00 | 1,047.00 | 995.00 | 1,154.00 | 1,031.00 | 993.00 | 860.00 | 742.00 | 769.00 |
Selling, general and administrative expense | 1,931.00 | 1,843.00 | 1,898.00 | 1,827.00 | 1,747.00 | 1,585.00 | 1,799.00 | 1,467.00 | 1,472.00 | 1,523.00 |
Restructuring, impairment and other charges | -- | -- | -- | -- | -- | -- | -- | -- | 77.00 | -- |
Asbestos settlement | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15.00 |
Operating Income (Loss) | 1,135.00 | 890.00 | 1,438.00 | 2,112.00 | 509.00 | 1,306.00 | 1,575.00 | 1,630.00 | 1,391.00 | 1,322.00 |
Interest expense | 329.00 | 329.00 | 292.00 | 300.00 | 276.00 | 221.00 | 191.00 | 155.00 | 159.00 | 140.00 |
Other-than-temporary impairment (OTTI) losses :Total OTTI losses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Other-than-temporary impairment (OTTI) losses :Portion of OTTI losses recognized in other comprehensive income (before t | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gain on realignment of equity investment | -- | -- | -- | -- | -- | -- | -- | -- | 2,676.00 | -- |
Equity in earnings of affiliated companies | -- | -- | -- | 35.00 | (25.00) | 17.00 | 390.00 | 361.00 | 284.00 | 299.00 |
Interest income | 47.00 | 38.00 | 15.00 | 11.00 | 15.00 | 21.00 | 38.00 | 45.00 | 32.00 | 21.00 |
Other income (expense), net | (123.00) | 56.00 | 285.00 | 185.00 | (60.00) | (155.00) | (216.00) | (103.00) | (84.00) | (101.00) |
Loss on repurchases and retirement of debt, net | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Transaction-related gain, net | 83.00 | 161.00 | 351.00 | 354.00 | 498.00 | 248.00 | (93.00) | (121.00) | (448.00) | -- |
Foreign currency hedge gain (loss), net | -- | -- | -- | -- | (38.00) | -- | -- | -- | -- | 85.00 |
Income (loss) from continuing operations before income taxes | 813.00 | 816.00 | 1,797.00 | 2,397.00 | 623.00 | 1,216.00 | 1,503.00 | 1,657.00 | 3,692.00 | 1,486.00 |
Current- Foreign | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Deferred- Foreign | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Provision for income taxes | 221.00 | 168.00 | 411.00 | 491.00 | 111.00 | 256.00 | 437.00 | 2,154.00 | (3.00) | 147.00 |
Current- Federal | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Deferred- Federal | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Deferred: State and municipal | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Current: State and municipal | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Minority interests | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Equity in earnings of associated companies, net of impairments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Impairment of equity investment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income (loss) from Continuing Operations | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Income from Discontinued Operation | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Consolidated Net Income (Loss) | 592.00 | 648.00 | -- | 1,906.00 | 512.00 | 960.00 | 1,066.00 | (497.00) | 3,695.00 | 1,339.00 |
Net income attributable to Corning Incorporated | -- | -- | 1,386.00 | -- | -- | -- | -- | -- | -- | -- |
Net income attributable to non-controlling interests | 86.00 | 67.00 | 70.00 | -- | -- | -- | -- | -- | -- | -- |
Dividend requirements of preferred stock | -- | -- | -- | -- | -- | 98.00 | -- | -- | -- | -- |
Less:Series A convertible preferred stock dividend | -- | -- | -- | 24.00 | 98.00 | -- | 98.00 | 98.00 | 98.00 | 98.00 |
Less - Excess consideration paid for redemption of preferred shares | -- | -- | -- | 803.00 | -- | -- | -- | -- | -- | -- |
Net income (loss) attributable to common stockholders | 506.00 | 581.00 | 1,316.00 | 1,079.00 | 414.00 | 862.00 | 968.00 | (595.00) | 3,597.00 | 1,241.00 |
Net income available to common stockholders - diluted | -- | -- | -- | -- | -- | -- | -- | (595.00) | 3,695.00 | 1,339.00 |
Continuing operations (Basic) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Discontinued operation (basic) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Basic) | 0.59 | 0.69 | 1.56 | 1.30 | 0.54 | 1.11 | 1.19 | (0.66) | 3.53 | 1.02 |
Continuing operations (Diluted) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Discontinued operation (Diluted) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings Per Share (Diluted) | 0.58 | 0.68 | 1.54 | 1.28 | 0.54 | 1.07 | 1.13 | (0.66) | 3.23 | 1.00 |
Weighted Average Shares Outstanding (Basic) | 853.00 | 848.00 | 843.00 | 828.00 | 761.00 | 776.00 | 816.00 | 895.00 | 1,020.00 | 1,219.00 |
Weighted Average Shares Outstanding (Diluted) | 869.00 | 859.00 | 857.00 | 844.00 | 772.00 | 899.00 | 941.00 | 895.00 | 1,144.00 | 1,343.00 |