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 - Q3 2024 - Nov 1, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 164 % +5.81%
Quick Ratio 61.5 % +2.52%
Debt-to-equity 148 % +2.84%
Return On Equity 1.36 % -72.1%
Return On Assets 0.56 % -72.4%
Operating Margin 6.5 % -5.94%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 856M shares +0.36%
Entity Public Float 30B USD +15.4%
Common Stock, Value, Issued 920M USD +0.55%
Weighted Average Number of Shares Outstanding, Basic 854M shares +0.47%
Weighted Average Number of Shares Outstanding, Diluted 854M shares -0.58%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 12.6B USD -2.99%
Cost of Revenue 8.62B USD -4.9%
Operating Income (Loss) 820M USD -8.69%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 338M USD -60.6%
Income Tax Expense (Benefit) 114M USD -45.5%
Net Income (Loss) Attributable to Parent 156M USD -73.3%
Earnings Per Share, Basic 0.19 USD/shares -72.1%
Earnings Per Share, Diluted 0.18 USD/shares -73.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 1.99B USD +15.1%
Inventory, Net 2.79B USD +5.2%
Other Assets, Current 1.28B USD +0.39%
Assets, Current 7.68B USD +5.18%
Deferred Income Tax Assets, Net 1.21B USD +16.8%
Property, Plant and Equipment, Net 14.1B USD -2.42%
Operating Lease, Right-of-Use Asset 883M USD +4.87%
Intangible Assets, Net (Excluding Goodwill) 814M USD -13.2%
Goodwill 2.39B USD +0.76%
Other Assets, Noncurrent 2.17B USD -2.43%
Assets 28.3B USD +0.16%
Accounts Payable, Current 1.57B USD +7.27%
Employee-related Liabilities, Current 712M USD +41%
Accrued Liabilities, Current 2.74B USD +8.23%
Contract with Customer, Liability, Current 179M USD +10.5%
Liabilities, Current 4.64B USD +8.22%
Long-term Debt and Lease Obligation 7.07B USD -1.9%
Contract with Customer, Liability, Noncurrent 1.01B USD -3.35%
Deferred Income Tax Liabilities, Net 204M USD +1.49%
Operating Lease, Liability, Noncurrent 840M USD -0.24%
Other Liabilities, Noncurrent 4.79B USD +3.35%
Liabilities 16.9B USD +1.94%
Accumulated Other Comprehensive Income (Loss), Net of Tax -2.01B USD +16.4%
Retained Earnings (Accumulated Deficit) 15.9B USD -4.88%
Stockholders' Equity Attributable to Parent 11.1B USD -2.86%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 11.5B USD -2.36%
Liabilities and Equity 28.3B USD +0.16%

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 1.61B USD -1.59%
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 550M USD -43.5%
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 93M USD -13.9%
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 121M USD -1.63%
Deferred Tax Assets, Net of Valuation Allowance 1.48B USD +3.99%
Share-based Payment Arrangement, Expense 252M USD +82.6%
Preferred Stock, Par or Stated Value Per Share 100 USD/shares 0%