Ticker
Reporting Basis
Period
From
To
Form Type
Report Format
Update Type

CORNING INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Sales13,118.0012,588.0014,189.0014,082.0011,303.0011,503.0011,290.0010,116.009,390.009,111.00
Total Revenues13,118.0012,588.0014,189.0014,082.0011,303.0011,503.0011,290.0010,116.009,390.009,111.00
Cost of sales8,842.008,657.009,683.009,019.007,772.007,468.006,829.006,084.005,644.005,458.00
Gross Profit4,276.003,931.004,506.005,063.003,531.004,035.004,461.004,032.003,746.003,653.00
Amortization of purchased intangibles121.00122.00123.00129.00121.00113.0094.0075.0064.0054.00
Research, development and engineering expenses1,089.001,076.001,047.00995.001,154.001,031.00993.00860.00742.00769.00
Selling, general and administrative expense1,931.001,843.001,898.001,827.001,747.001,585.001,799.001,467.001,472.001,523.00
Restructuring, impairment and other charges----------------77.00--
Asbestos settlement------------------15.00
Operating Income (Loss)1,135.00890.001,438.002,112.00509.001,306.001,575.001,630.001,391.001,322.00
Interest expense329.00329.00292.00300.00276.00221.00191.00155.00159.00140.00
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)17.00390.00361.00284.00299.00
Interest income47.0038.0015.0011.0015.0021.0038.0045.0032.0021.00
Other income (expense), net(123.00)56.00285.00185.00(60.00)(155.00)(216.00)(103.00)(84.00)(101.00)
Loss on repurchases and retirement of debt, net--------------------
Transaction-related gain, net83.00161.00351.00354.00498.00248.00(93.00)(121.00)(448.00)--
Foreign currency hedge gain (loss), net--------(38.00)--------85.00
Income (loss) from continuing operations before income taxes813.00816.001,797.002,397.00623.001,216.001,503.001,657.003,692.001,486.00
Current- Foreign--------------------
Deferred- Foreign--------------------
Provision for income taxes221.00168.00411.00491.00111.00256.00437.002,154.00(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)592.00648.00--1,906.00512.00960.001,066.00(497.00)3,695.001,339.00
Net income attributable to Corning Incorporated----1,386.00--------------
Net income attributable to non-controlling interests86.0067.0070.00--------------
Dividend requirements of preferred stock----------98.00--------
Less:Series A convertible preferred stock dividend------24.0098.00--98.0098.0098.0098.00
Less - Excess consideration paid for redemption of preferred shares------803.00------------
Net income (loss) attributable to common stockholders506.00581.001,316.001,079.00414.00862.00968.00(595.00)3,597.001,241.00
Net income available to common stockholders - diluted--------------(595.00)3,695.001,339.00
Continuing operations (Basic)--------------------
Discontinued operation (basic)--------------------
Net Earnings Per Share (Basic)0.590.691.561.300.541.111.19(0.66)3.531.02
Continuing operations (Diluted)--------------------
Discontinued operation (Diluted)--------------------
Net Earnings Per Share (Diluted)0.580.681.541.280.541.071.13(0.66)3.231.00
Weighted Average Shares Outstanding (Basic)853.00848.00843.00828.00761.00776.00816.00895.001,020.001,219.00
Weighted Average Shares Outstanding (Diluted)869.00859.00857.00844.00772.00899.00941.00895.001,144.001,343.00