Corning Inc /Ny financial data

Symbol
GLW on NYSE
Industry
Drawing & Insulating of Nonferrous Wire
Location
One Riverfront Plaza, Corning, New York
State of incorporation
New York
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 167 % +15.1%
Quick Ratio 62.8 % +12.2%
Debt-to-equity 145 % -0.98%
Return On Equity 5.24 % -31%
Return On Assets 2.17 % -30.4%
Operating Margin 6.84 % -19.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 857M shares +0.76%
Entity Public Float 30B USD +15.4%
Common Stock, Value, Issued 917M USD +0.66%
Weighted Average Number of Shares Outstanding, Basic 852M shares +0.95%
Weighted Average Number of Shares Outstanding, Diluted 862M shares +0.35%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 12.4B USD -9.51%
Cost of Revenue 8.46B USD -10.5%
Research and Development Expense 900M USD 0%
Operating Income (Loss) 847M USD -27.3%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 884M USD -28.8%
Income Tax Expense (Benefit) 202M USD -24.6%
Net Income (Loss) Attributable to Parent 614M USD -32.6%
Earnings Per Share, Basic 0.73 USD/shares -32.4%
Earnings Per Share, Diluted 0.72 USD/shares -32.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 1.62B USD -3.97%
Inventory, Net 2.71B USD -5.24%
Other Assets, Current 1.27B USD +7.8%
Assets, Current 6.97B USD +1.37%
Deferred Income Tax Assets, Net 1.13B USD +2.35%
Property, Plant and Equipment, Net 14.2B USD -6.2%
Operating Lease, Right-of-Use Asset 883M USD +4.87%
Intangible Assets, Net (Excluding Goodwill) 871M USD -13.1%
Goodwill 2.37B USD -1%
Other Assets, Noncurrent 2.08B USD -10%
Assets 27.6B USD -4.18%
Accounts Payable, Current 1.48B USD -11.2%
Employee-related Liabilities, Current 430M USD -3.8%
Accrued Liabilities, Current 2.38B USD -18.3%
Contract with Customer, Liability, Current 164M USD -0.61%
Liabilities, Current 4.18B USD -12.5%
Long-term Debt and Lease Obligation 7.05B USD +5.95%
Contract with Customer, Liability, Noncurrent 977M USD -5.88%
Deferred Income Tax Liabilities, Net 193M USD -11.9%
Operating Lease, Liability, Noncurrent 820M USD -3.07%
Other Liabilities, Noncurrent 4.44B USD -7.28%
Liabilities 16.1B USD -3.35%
Accumulated Other Comprehensive Income (Loss), Net of Tax -2.38B USD -25.2%
Retained Earnings (Accumulated Deficit) 16.4B USD -2.12%
Stockholders' Equity Attributable to Parent 11.2B USD -5.86%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 11.6B USD -5.31%
Liabilities and Equity 27.6B USD -4.18%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 96M USD
Net Cash Provided by (Used in) Financing Activities -308M USD -24.2%
Net Cash Provided by (Used in) Investing Activities -184M USD +19.3%
Common Stock, Shares Authorized 3.8B shares 0%
Common Stock, Shares, Issued 1.8B shares 0%
Common Stock, Par or Stated Value Per Share 0.5 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -414M USD +21.1%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.37B USD +19.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 274M USD -0.36%
Deferred Tax Assets, Valuation Allowance 207M USD +24.7%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 1.69B USD +6.15%
Operating Lease, Liability 958M USD +5.74%
Depreciation 307M USD -0.97%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 136M USD -63.8%
Lessee, Operating Lease, Liability, to be Paid 1.31B USD +5.39%
Property, Plant and Equipment, Gross 29.2B USD -1.14%
Operating Lease, Liability, Current 103M USD +3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 116M USD +9.43%
Lessee, Operating Lease, Liability, to be Paid, Year One 140M USD +2.94%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Deferred Income Tax Expense (Benefit) 10M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 353M USD +4.44%
Lessee, Operating Lease, Liability, to be Paid, Year Three 104M USD +13%
Deferred Tax Assets, Operating Loss Carryforwards 274M USD -1.44%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -76M USD -46.2%
Unrecognized Tax Benefits 373M USD +81.1%
Lessee, Operating Lease, Liability, to be Paid, Year Four 89M USD +7.23%
Operating Lease, Payments 153M USD +31.9%
Current State and Local Tax Expense (Benefit) 13M USD -18.8%
Current Federal Tax Expense (Benefit) 82M USD -57.1%
Amortization of Intangible Assets 121M USD -1.63%
Deferred Tax Assets, Net of Valuation Allowance 1.48B USD +3.99%
Share-based Payment Arrangement, Expense 226M USD +22.2%
Deferred State and Local Income Tax Expense (Benefit) -7M USD +12.5%
Preferred Stock, Par or Stated Value Per Share 100 USD/shares 0%