Corning Inc /Ny financial data

Symbol
GLW on NYSE
Industry
Drawing & Insulating of Nonferrous Wire
Location
One Riverfront Plaza, Corning, NY
State of incorporation
NY
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 165 % +9.67%
Quick Ratio 61.9 % +5.38%
Debt-to-equity 146 % +0.3%
Return On Equity 3.79 % -28.1%
Return On Assets 1.57 % -28.1%
Operating Margin 6.08 % -15.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 856M shares +0.32%
Entity Public Float 30B USD +15.4%
Common Stock, Value, Issued 919M USD +0.44%
Weighted Average Number of Shares Outstanding, Basic 853M shares +0.59%
Weighted Average Number of Shares Outstanding, Diluted 864M shares +0.58%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 12.4B USD -6.93%
Cost of Revenue 8.54B USD -8.43%
Operating Income (Loss) 754M USD -21%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 647M USD -28.2%
Income Tax Expense (Benefit) 146M USD -29.8%
Net Income (Loss) Attributable to Parent 437M USD -30.5%
Earnings Per Share, Basic 0.52 USD/shares -29.7%
Earnings Per Share, Diluted 0.51 USD/shares -30.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 1.72B USD +2.81%
Inventory, Net 2.68B USD -2.72%
Other Assets, Current 1.3B USD -1.89%
Assets, Current 7.12B USD -2.36%
Deferred Income Tax Assets, Net 1.13B USD +4.71%
Property, Plant and Equipment, Net 13.7B USD -6.4%
Operating Lease, Right-of-Use Asset 883M USD +4.87%
Intangible Assets, Net (Excluding Goodwill) 836M USD -14%
Goodwill 2.37B USD -0.71%
Other Assets, Noncurrent 1.98B USD -11.3%
Assets 27.2B USD -5.12%
Accounts Payable, Current 1.47B USD -3.49%
Employee-related Liabilities, Current 569M USD +23.7%
Accrued Liabilities, Current 2.68B USD -0.78%
Contract with Customer, Liability, Current 178M USD +17.9%
Liabilities, Current 4.53B USD +2.61%
Long-term Debt and Lease Obligation 6.91B USD -7.11%
Contract with Customer, Liability, Noncurrent 986M USD -5.19%
Deferred Income Tax Liabilities, Net 167M USD -23%
Operating Lease, Liability, Noncurrent 821M USD -0.73%
Other Liabilities, Noncurrent 4.46B USD -4.74%
Liabilities 16.3B USD -4.03%
Accumulated Other Comprehensive Income (Loss), Net of Tax -2.59B USD -17.9%
Retained Earnings (Accumulated Deficit) 16B USD -3.23%
Stockholders' Equity Attributable to Parent 10.6B USD -7.25%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 10.9B USD -6.69%
Liabilities and Equity 27.2B USD -5.12%

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 1.42B USD -7.74%
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 44M USD -91.6%
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 92M USD -10.7%
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
Unrecognized Tax Benefits 373M USD +81.1%
Lessee, Operating Lease, Liability, to be Paid, Year Four 89M USD +7.23%
Amortization of Intangible Assets 120M USD -3.23%
Deferred Tax Assets, Net of Valuation Allowance 1.48B USD +3.99%
Share-based Payment Arrangement, Expense 233M USD +75.2%
Preferred Stock, Par or Stated Value Per Share 100 USD/shares 0%