- GLW Ticker
- πΊπΈ NYSE, π©πͺ F Exchange
- 51,500 Employees
- π Information Technology Sector
- π» Electronic Equipment, Instruments & Components Industry
- Wendell P. Weeks CEO
Financial statements β Corning
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| 20 β 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Revenue |
|
11B | 12B | 11B | 10B | 9.4B |
| Cost Of Revenue |
|
7.8B | 7.5B | 6.8B | 6.1B | 5.6B |
| Gross Profit |
|
3.5B | 4B | 4.5B | 4B | 3.7B |
| Research and Development |
|
1.2B | 1B | 990M | 860M | 740M |
| Selling General and Admin |
|
1.7B | 1.6B | 1.8B | 1.5B | 1.5B |
| Operating Expense |
|
11B | 10B | 9.7B | 8.5B | 7.9B |
| Operating Income |
|
510M | 1.3B | 1.6B | 1.6B | 1.5B |
| Other Income Expense Net |
|
0 | 0 | 0 | 0 | 0 |
| EBIT |
|
480M | 1.3B | 2B | 2B | 1.8B |
| Interest Income |
|
260M | 200M | 150M | 110M | 130M |
| Pretax Income |
|
620M | 1.2B | 1.5B | 1.7B | 3.7B |
| Income Tax |
|
110M | 260M | 440M | 2.2B | -3M |
| Minority Interest |
|
0 | 0 | 0 | 0 | 0 |
| Net Income |
|
410M | 860M | 970M | -600M | 3.6B |
| Net Income Basic |
|
410M | 860M | 970M | -600M | 3.6B |
| 20 β 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Current cash |
|
2.7B | 2.4B | 2.4B | 4.3B | 5.3B |
| Short term investments |
|
760M | 870M | 700M | 990M | 810M |
| Receivables |
|
2.1B | 1.8B | 1.9B | 1.8B | 1.5B |
| Inventory |
|
2.4B | 2.3B | 2B | 1.7B | 1.5B |
| Other current assets |
|
760M | 870M | 700M | 990M | 810M |
| Current assets |
|
8B | 7.5B | 7B | 8.8B | 9B |
| Long term investments |
|
23B | 21B | 20B | 19B | 19B |
| Property plant equipment |
|
16B | 15B | 15B | 14B | 13B |
| Goodwill |
|
2.5B | 1.9B | 1.9B | 1.7B | 1.6B |
| Intangible assets |
|
1.3B | 1.2B | 1.3B | 870M | 800M |
| Other assets |
|
1B | 980M | 1B | 930M | 1.3B |
| Total assets |
|
31B | 29B | 28B | 27B | 28B |
| Accounts payable |
|
1.2B | 1.6B | 1.5B | 1.4B | 1.1B |
| Current long term debt |
|
160M | 11M | 4M | 380M | 260M |
| Other current liabilities |
|
2.4B | 1.9B | 1.9B | 1.4B | 1.4B |
| Total current liabilities |
|
3.8B | 3.5B | 3.3B | 3.2B | 2.8B |
| Long term debt |
|
7.8B | 7.7B | 6B | 4.7B | 3.6B |
| Other liabilities |
|
4.8B | 3.9B | 4B | 3.8B | 3.5B |
| Minority Interest |
|
190M | 90M | 94M | 72M | 67M |
| Total Liabilities |
|
18B | 16B | 14B | 12B | 10B |
| Common stock |
|
760M | 780M | 820M | 900M | 1B |
| Retained earning |
|
16B | 16B | 16B | 16B | 17B |
| Treasury stock |
|
-20B | -20B | -19B | -17B | -14B |
| Capital surplus |
|
β’ | β’ | β’ | β’ | β’ |
| Shareholder equity |
|
13B | 13B | 14B | 16B | 18B |
| Net tangible assets |
|
7.2B | 7.5B | 8.3B | 11B | 13B |
| 20 β 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Net Income |
|
410M | 860M | 970M | -600M | 3.6B |
| Depreciation |
|
1.5B | 1.5B | 1.3B | 1.2B | 1.2B |
| Changes in receivables |
|
300M | -100M | 130M | 330M | 110M |
| Changes in inventories |
|
120M | 280M | 330M | 240M | 86M |
| Cash change |
|
240M | 79M | -2B | -970M | 690M |
| Cash flow |
|
2.2B | 2B | 2.9B | 2B | 2.5B |
| Capital expenditures |
|
-1.4B | -2B | -2.2B | -1.8B | -1.1B |
| Investments |
|
β’ | β’ | β’ | β’ | β’ |
| Investing activity other |
|
β’ | β’ | β’ | β’ | β’ |
| Total investing cash flows |
|
-1.3B | -1.9B | -2.9B | -1.7B | 3.7B |
| Dividends paid |
|
β’ | β’ | β’ | β’ | β’ |
| Net borrowings |
|
4.5B | 4.4B | 2.9B | -180M | -2.2B |
| Other financing cash flows |
|
β’ | β’ | β’ | β’ | β’ |
| Cash flow financing |
|
-730M | -47M | -2B | -1.6B | -5.3B |
| Exchange rate effect |
|
β’ | β’ | β’ | β’ | β’ |
Analyst Recommendations
This chart is a recommendation for investors. To provide forecasts, analysts and brokers use companies' public financial reports and speak with their employees and clients. The end result is a solution that's marked on the chart, which shows analysts' opinions at different periods of time. Move your cursor to track on what the dates the recommendations changed.
Investors shouldn't only follow analyst recommendations. Forecasts should be used to supplement existing strategies and plans. Trading based on a recommendation chart is is considered bad practice. Analyst reports should only be used in conjunction with your own analytics.
Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell", "weak hold" and "underweight."
A company with a hold recommendation is expected to perform on par with comparable companies or in line with the market.
Also known as "moderate buy", "accumulate", and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell", "weak hold" and "underweight."
A company with a hold recommendation is expected to perform on par with comparable companies or in line with the market.
Also known as "moderate buy", "accumulate", and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following five business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.