Corning (GLW) Financials

$41.77 +0.16 (+0.39%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$41.40 -0.37 (-0.88%)

As of 07:03 AM Eastern

Annual Income Statements for Corning

This table shows Corning's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	1,339	3,695	-497	1,066	862	414	1,079	1,316	581	506
Consolidated Net Income / (Loss)	1,339	3,695	-497	1,066	960	523	1,935	1,386	648	592
Net Income / (Loss) Continuing Operations	1,339	3,695	-497	1,066	960	523	1,935	1,386	648	592
Total Pre-Tax Income	1,486	3,692	1,657	1,503	1,216	634	2,426	1,797	816	813
Total Operating Income	1,322	1,424	1,608	1,575	1,306	509	2,112	1,438	890	1,135
Total Gross Profit	3,653	3,763	4,020	4,461	4,035	3,531	5,063	4,506	3,931	4,276
Total Revenue	9,111	9,390	10,116	11,290	11,503	11,303	14,082	14,189	12,588	13,118
Operating Revenue	9,111	9,390	10,116	11,290	11,503	11,303	14,082	14,189	12,588	13,118
Total Cost of Revenue	5,458	5,627	6,096	6,829	7,468	7,772	9,019	9,683	8,657	8,842
Operating Cost of Revenue	5,458	5,627	6,096	6,829	7,468	7,772	9,019	9,683	8,657	8,842
Total Operating Expenses	2,331	2,339	2,412	2,886	2,729	3,022	2,951	3,068	3,041	3,141
Selling, General & Admin Expense	1,508	1,462	1,473	1,799	1,585	1,747	1,827	1,898	1,843	1,931
Research & Development Expense	769	736	864	993	1,031	1,154	995	1,047	1,076	1,089
Amortization Expense	54	64	75	94	113	121	129	123	122	121
Total Other Income / (Expense), net	164	2,268	49	-72	-90	125	314	359	-74	-322
Interest Expense	140	159	155	191	221	276	300	292	329	329
Interest & Investment Income	320	2,992	406	428	38	15	11	15	38	47
Other Income / (Expense), net	-16	-565	-202	-309	93	386	603	636	217	-40
Income Tax Expense	147	-3.00	2,154	437	256	111	491	411	168	221
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	11	29	70	67	86
Basic Earnings per Share	$1.02	$3.53	($0.66)	$1.19	$1.11	$0.54	$1.30	$1.56	$0.69	$0.59
Weighted Average Basic Shares Outstanding	1.31B	1.02B	753M	895.80M	763.63M	768.37M	845.85M	846.56M	853.47M	856.56M
Diluted Earnings per Share	$1.00	$3.23	($0.66)	$1.13	$1.07	$0.54	$1.28	$1.54	$0.68	$0.58
Weighted Average Diluted Shares Outstanding	1.31B	1.02B	753M	895.80M	763.63M	768.37M	845.85M	846.56M	853.47M	856.56M
Weighted Average Basic & Diluted Shares Outstanding	1.31B	1.02B	753M	895.80M	763.63M	768.37M	845.85M	846.56M	853.47M	856.56M
Cash Dividends to Common per Share	$0.36	$0.54	$0.62	$0.72	$0.80	$0.88	$0.96	$1.08	$1.12	$1.12

This table shows Corning's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	208	-36	176	281	164	-40	209	104	-117	310
Consolidated Net Income / (Loss)	226	-27	191	303	182	-28	225	122	-95	340
Net Income / (Loss) Continuing Operations	226	-27	191	303	182	-28	225	122	-95	340
Total Pre-Tax Income	260	4.00	228	409	217	-38	296	172	-92	437
Total Operating Income	292	86	297	279	236	78	254	186	302	393
Total Gross Profit	1,062	915	1,003	1,013	1,004	911	993	949	1,137	1,197
Total Revenue	3,488	3,406	3,178	3,243	3,173	2,994	2,975	3,251	3,391	3,501
Operating Revenue	3,488	3,406	3,178	3,243	3,173	2,994	2,975	3,251	3,391	3,501
Total Cost of Revenue	2,426	2,491	2,175	2,230	2,169	2,083	1,982	2,302	2,254	2,304
Operating Cost of Revenue	2,426	2,491	2,175	2,230	2,169	2,083	1,982	2,302	2,254	2,304
Total Operating Expenses	770	829	706	734	768	833	739	763	835	804
Selling, General & Admin Expense	461	517	421	440	468	514	451	471	510	499
Research & Development Expense	278	281	254	263	270	289	258	262	294	275
Amortization Expense	31	31	31	31	30	30	30	30	31	30
Total Other Income / (Expense), net	-32	-82	-69	130	-19	-116	42	-14	-394	44
Interest Expense	73	76	76	81	82	90	83	84	83	79
Interest & Investment Income	3.00	6.00	7.00	8.00	10	13	12	10	12	13
Other Income / (Expense), net	38	-12	0.00	203	53	-39	113	60	-323	110
Income Tax Expense	34	31	37	106	35	-10	71	50	3.00	97
Net Income / (Loss) Attributable to Noncontrolling Interest	18	9.00	15	22	18	12	16	18	22	30
Basic Earnings per Share	$0.25	($0.05)	$0.21	$0.33	$0.19	($0.04)	$0.25	$0.12	($0.14)	$0.36
Weighted Average Basic Shares Outstanding	845.81M	846.56M	850.13M	852.98M	853.17M	853.47M	856.62M	855.70M	856.21M	856.56M
Diluted Earnings per Share	$0.24	($0.04)	$0.20	$0.33	$0.19	($0.04)	$0.24	$0.12	($0.14)	$0.36
Weighted Average Diluted Shares Outstanding	845.81M	846.56M	850.13M	852.98M	853.17M	853.47M	856.62M	855.70M	856.21M	856.56M
Weighted Average Basic & Diluted Shares Outstanding	845.81M	846.56M	850.13M	852.98M	853.17M	853.47M	856.62M	855.70M	856.21M	856.56M

This table details how cash moves in and out of Corning's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-809	791	-974	-1,963	79	238	-524	-477	108	-11
Net Cash From Operating Activities	2,829	2,537	2,004	2,919	2,031	2,180	3,412	2,615	2,005	1,939
Net Cash From Continuing Operating Activities	2,829	2,537	2,004	2,919	1,944	2,180	3,412	2,615	2,005	1,939
Net Income / (Loss) Continuing Operations	1,339	3,695	-497	1,066	960	523	1,935	1,386	648	592
Consolidated Net Income / (Loss)	1,339	3,695	-497	1,066	960	523	1,935	1,386	648	592
Depreciation Expense	1,130	1,131	1,083	1,199	1,390	1,399	1,352	1,329	1,247	1,229
Amortization Expense	54	64	75	94	113	121	129	123	122	121
Non-Cash Adjustments To Reconcile Net Income	229	-2,164	-128	654	41	24	-221	-68	169	368
Changes in Operating Assets and Liabilities, net	77	-189	1,471	-94	-560	113	217	-155	-181	-371
Net Cash From Investing Activities	-685	3,662	-1,710	-2,887	-1,891	-1,310	-1,419	-1,355	-1,000	-744
Net Cash From Continuing Investing Activities	-685	3,662	-1,710	-2,887	-1,969	-1,310	-1,419	-1,355	-1,000	-744
Purchase of Property, Plant & Equipment	-1,250	-1,130	-1,804	-2,310	-1,978	-1,377	-1,637	-1,604	-1,390	-965
Purchase of Investments	-969	-20	-	-	-	-9.00	-48	-75	-9.00	-98
Sale of Property, Plant & Equipment	-	-	-	-	0.00	37	0.00	0.00	67	0.00
Divestitures	12	0.00	-	0.00	0.00	0.00	103	76	0.00	0.00
Sale and/or Maturity of Investments	2,282	322	270	108	55	12	67	300	326	279
Other Investing Activities, net	-28	4,823	-5.00	157	-46	27	96	-52	6.00	40
Net Cash From Financing Activities	-2,623	-5,322	-1,624	-1,995	-47	-729	-2,452	-1,649	-883	-1,164
Net Cash From Continuing Financing Activities	-2,623	-5,322	-1,624	-1,995	-47	-729	-2,452	-1,649	-883	-1,164
Repayment of Debt	-18	-572	-275	-649	-300	-193	-858	-109	-323	-295
Repurchase of Preferred Equity	-	-	-	-	0.00	0.00	-507	-507	-507	0.00
Repurchase of Common Equity	-3,228	-4,227	-2,452	-2,227	-940	-105	-274	-221	0.00	-165
Payment of Dividends	-679	-645	-651	-685	-742	-787	-871	-932	-989	-986
Issuance of Debt	1,230	0.00	1,445	1,485	1,894	243	22	127	1,000	153
Other Financing Activities, net	72	122	309	81	41	113	36	-7.00	-64	129
Effect of Exchange Rate Changes	-330	-86	-	-	-	97	-65	-88	-14	-42

This table details how cash moves in and out of Corning's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	1.00	41	-525	392	101	140	-414	54	194	155
Net Cash From Operating Activities	706	617	-49	619	722	713	96	521	699	623
Net Cash From Continuing Operating Activities	706	617	-49	619	722	713	96	521	699	623
Net Income / (Loss) Continuing Operations	226	-27	191	303	182	-28	225	122	-95	340
Consolidated Net Income / (Loss)	226	-27	191	303	182	-28	225	122	-95	340
Depreciation Expense	327	315	310	312	310	315	307	307	310	305
Amortization Expense	31	31	31	31	30	30	30	30	31	30
Non-Cash Adjustments To Reconcile Net Income	347	21	5.00	-13	40	137	-126	159	477	-142
Changes in Operating Assets and Liabilities, net	-225	277	-586	-14	160	259	-340	-97	-24	90
Net Cash From Investing Activities	-402	-386	-228	-287	-255	-230	-184	-154	-199	-207
Net Cash From Continuing Investing Activities	-402	-386	-228	-287	-255	-230	-184	-154	-199	-207
Purchase of Property, Plant & Equipment	-465	-403	-382	-388	-341	-279	-252	-242	-217	-254
Sale and/or Maturity of Investments	77	91	81	96	93	56	94	74	71	40
Other Investing Activities, net	-17	2.00	6.00	5.00	-7.00	2.00	-26	14	-53	105
Net Cash From Financing Activities	-252	-219	-248	84	-356	-363	-308	-304	-332	-220
Net Cash From Continuing Financing Activities	-252	-219	-248	84	-356	-363	-308	-304	-332	-220
Repayment of Debt	-82	-5.00	-63	-27	-170	-63	-44	-12	-218	-21
Repurchase of Common Equity	-20	-	-	-	-	-	-	-	-30	-30
Payment of Dividends	-234	-236	-239	-256	-246	-248	-243	-252	-242	-249
Other Financing Activities, net	5.00	2.00	0.00	-64	-	-	-21	65	5.00	80
Effect of Exchange Rate Changes	-	29	0.00	-24	-10	20	-18	-9.00	26	-41

This table presents Corning's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	28,527	27,899	27,494	27,505	28,898	30,775	30,154	29,499	28,500	27,735
Total Current Assets	8,269	9,048	8,827	7,034	7,463	8,004	7,659	7,453	7,212	7,992
Cash & Equivalents	4,500	5,291	4,317	2,355	2,434	2,672	2,148	1,671	1,779	1,768
Accounts Receivable	1,372	1,481	1,807	1,940	1,836	2,133	2,004	1,721	1,572	2,053
Inventories, net	1,385	1,471	1,712	2,037	2,320	2,438	2,481	2,904	2,666	2,724
Other Current Assets	912	805	991	702	873	761	1,026	1,157	1,195	1,447
Plant, Property, & Equipment, net	12,648	12,546	14,017	14,895	15,337	15,742	15,804	15,371	14,630	13,359
Total Noncurrent Assets	7,610	6,305	4,650	5,576	6,098	7,029	6,691	6,675	6,658	6,384
Goodwill	1,380	1,577	1,694	1,936	1,935	2,460	2,421	2,394	2,380	2,363
Intangible Assets	706	796	869	1,292	1,185	1,308	1,148	1,029	905	752
Noncurrent Deferred & Refundable Income Taxes	2,056	2,325	813	951	1,157	1,121	1,066	1,073	1,153	1,130
Other Noncurrent Operating Assets	1,493	1,271	934	1,021	1,821	2,140	2,056	2,179	2,220	2,139
Total Liabilities & Shareholders' Equity	28,527	27,899	27,494	27,505	28,898	30,775	30,154	29,499	28,500	27,735
Total Liabilities	9,664	9,939	11,724	13,619	15,901	17,327	17,609	17,224	16,632	16,665
Total Current Liabilities	2,814	2,751	3,209	3,311	3,521	3,767	4,806	5,175	4,319	4,919
Short-Term Debt	572	256	379	4.00	11	156	55	224	320	326
Accounts Payable	934	1,079	1,439	1,456	1,587	1,174	1,612	1,804	1,466	1,472
Accrued Expenses	1,308	1,416	1,391	1,851	1,923	2,437	3,139	3,147	2,533	3,121
Total Noncurrent Liabilities	6,850	7,188	8,515	10,308	12,380	13,560	12,803	12,049	12,313	11,746
Long-Term Debt	3,890	3,646	4,749	5,994	7,729	7,816	6,989	6,687	7,206	6,885
Noncurrent Employee Benefit Liabilities	718	737	749	662	671	727	622	407	398	336
Other Noncurrent Operating Liabilities	2,242	2,805	3,017	3,652	3,980	5,017	5,192	4,955	4,709	4,525
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	18,863	17,960	15,770	13,886	12,997	13,448	12,545	12,275	11,868	11,070
Total Preferred & Common Equity	18,788	17,893	15,698	13,792	12,907	13,257	12,333	12,008	11,551	10,686
Total Common Equity	16,488	15,593	13,398	11,492	10,607	10,957	12,333	12,008	11,551	10,686
Common Stock	14,192	14,541	14,943	15,069	15,182	15,505	17,382	17,592	17,845	18,185
Retained Earnings	13,832	16,880	15,930	16,303	16,408	16,120	16,389	16,778	16,391	15,926
Treasury Stock	-9,725	-14,152	-16,633	-18,870	-19,812	-19,928	-20,263	-20,532	-20,637	-20,882
Accumulated Other Comprehensive Income / (Loss)	-1,811	-1,676	-842	-1,010	-1,171	-740	-1,175	-1,830	-2,048	-2,543
Noncontrolling Interest	75	67	72	94	90	191	212	267	317	384

This table presents Corning's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	28,735	29,499	28,822	28,645	28,278	28,500	27,618	27,179	28,322	27,735
Total Current Assets	7,804	7,453	6,877	7,293	7,298	7,212	6,971	7,121	7,676	7,992
Cash & Equivalents	1,630	1,671	1,146	1,538	1,639	1,779	1,365	1,419	1,613	1,768
Accounts Receivable	1,620	1,721	1,688	1,674	1,725	1,572	1,621	1,721	1,986	2,053
Inventories, net	2,951	2,904	2,863	2,757	2,655	2,666	2,713	2,682	2,793	2,724
Other Current Assets	1,603	1,157	1,180	1,324	1,279	1,195	1,272	1,299	1,284	1,447
Plant, Property, & Equipment, net	14,645	15,371	15,137	14,681	14,407	14,630	14,199	13,742	14,059	13,359
Total Noncurrent Assets	6,286	6,675	6,808	6,671	6,573	6,658	6,448	6,316	6,587	6,384
Goodwill	2,368	2,394	2,394	2,382	2,372	2,380	2,370	2,365	2,390	2,363
Intangible Assets	1,049	1,029	1,002	972	938	905	871	836	814	752
Noncurrent Deferred & Refundable Income Taxes	998	1,073	1,106	1,083	1,037	1,153	1,132	1,134	1,211	1,130
Other Noncurrent Operating Assets	1,871	2,179	2,306	2,234	2,226	2,220	2,075	1,981	2,172	2,139
Total Liabilities & Shareholders' Equity	28,735	29,499	28,822	28,645	28,278	28,500	27,618	27,179	28,322	27,735
Total Liabilities	17,187	17,224	16,615	16,935	16,534	16,632	16,059	16,252	16,855	16,665
Total Current Liabilities	5,167	5,175	4,773	4,411	4,285	4,319	4,175	4,526	4,637	4,919
Short-Term Debt	208	224	197	187	297	320	318	376	335	326
Accounts Payable	1,808	1,804	1,662	1,519	1,459	1,466	1,476	1,466	1,565	1,472
Accrued Expenses	3,151	3,147	2,914	2,705	2,529	2,533	2,381	2,684	2,737	3,121
Total Noncurrent Liabilities	12,020	12,049	11,842	12,524	12,249	12,313	11,884	11,726	12,218	11,746
Long-Term Debt	6,525	6,687	6,654	7,437	7,210	7,206	7,050	6,908	7,073	6,885
Noncurrent Employee Benefit Liabilities	585	407	405	407	406	398	399	360	357	336
Other Noncurrent Operating Liabilities	4,910	4,955	4,783	4,680	4,633	4,709	4,435	4,458	4,788	4,525
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	11,548	12,275	12,207	11,710	11,744	11,868	11,559	10,927	11,467	11,070
Total Preferred & Common Equity	11,284	12,008	11,925	11,412	11,430	11,551	11,226	10,585	11,103	10,686
Total Common Equity	11,284	12,008	11,925	11,412	11,430	11,551	11,226	10,585	11,103	10,686
Common Stock	17,559	17,592	17,657	17,732	17,792	17,845	17,915	18,000	18,097	18,185
Retained Earnings	17,044	16,778	16,713	16,509	16,673	16,391	16,358	15,976	15,859	15,926
Treasury Stock	-20,528	-20,532	-	-	-20,633	-20,637	-20,672	-20,799	-20,845	-20,882
Accumulated Other Comprehensive Income / (Loss)	-2,791	-1,830	-1,897	-2,199	-2,402	-2,048	-2,375	-2,592	-2,008	-2,543
Noncontrolling Interest	264	267	282	298	314	317	333	342	364	384

This table displays calculated financial ratios and metrics derived from Corning's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.22%	3.06%	7.73%	11.61%	1.89%	-1.74%	24.59%	0.76%	-11.28%	4.21%
EBITDA Growth	-45.86%	-17.51%	24.83%	-0.20%	13.40%	-16.78%	73.75%	-15.97%	-29.78%	-1.25%
EBIT Growth	-61.58%	-34.23%	63.68%	-9.96%	10.51%	-36.03%	203.35%	-23.61%	-46.62%	-1.08%
NOPAT Growth	-10.96%	19.64%	-133.84%	331.61%	-7.70%	-59.28%	301.19%	-34.16%	-36.28%	16.94%
Net Income Growth	-45.83%	175.95%	-113.45%	314.49%	-9.94%	-45.52%	269.98%	-28.37%	-53.25%	-8.64%
EPS Growth	-42.20%	223.00%	-120.43%	271.21%	-5.31%	-49.53%	137.04%	20.31%	-55.84%	-14.71%
Operating Cash Flow Growth	-39.92%	-10.32%	-21.01%	45.66%	-30.42%	7.34%	56.51%	-23.36%	-23.33%	-3.29%
Free Cash Flow Firm Growth	175.26%	30.46%	-125.17%	142.00%	-158.00%	78.89%	12,011.34%	-65.40%	-41.38%	217.83%
Invested Capital Growth	-1.74%	-3.07%	0.04%	5.62%	6.70%	2.43%	-6.97%	0.42%	0.57%	-6.26%
Revenue Q/Q Growth	-1.86%	2.68%	1.62%	3.65%	-1.86%	4.95%	2.37%	-1.87%	-3.17%	4.02%
EBITDA Q/Q Growth	-33.21%	-19.80%	45.02%	-9.22%	3.50%	13.86%	5.03%	-14.60%	-1.43%	22.80%
EBIT Q/Q Growth	-48.74%	-37.25%	130.11%	-18.32%	2.64%	48.92%	8.56%	-21.56%	-3.06%	73.53%
NOPAT Q/Q Growth	-15.11%	-15.42%	-139.75%	303.97%	-19.55%	147.65%	2.62%	-24.72%	4.05%	52.08%
Net Income Q/Q Growth	-36.33%	57.44%	-119.98%	267.08%	-21.31%	79.11%	13.82%	-27.47%	-0.15%	164.29%
EPS Q/Q Growth	-33.33%	63.96%	-128.21%	239.51%	-24.65%	125.00%	24.27%	-29.36%	0.00%	222.22%
Operating Cash Flow Q/Q Growth	-4.33%	21.21%	-21.23%	1.85%	3.94%	-10.07%	7.87%	-13.44%	5.03%	-4.44%
Free Cash Flow Firm Q/Q Growth	-6.07%	-18.99%	-1,098.51%	12.46%	-942.69%	-105.50%	19.83%	-49.12%	315.36%	115.85%
Invested Capital Q/Q Growth	-2.88%	-1.83%	-8.71%	0.54%	-0.28%	3.77%	1.33%	5.19%	0.02%	-4.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.09%	40.07%	39.74%	39.51%	35.08%	31.24%	35.95%	31.76%	31.23%	32.60%
EBITDA Margin	27.33%	21.87%	25.35%	22.67%	25.23%	21.37%	29.80%	24.85%	19.67%	18.64%
Operating Margin	14.51%	15.17%	15.90%	13.95%	11.35%	4.50%	15.00%	10.13%	7.07%	8.65%
EBIT Margin	14.33%	9.15%	13.90%	11.21%	12.16%	7.92%	19.28%	14.62%	8.79%	8.35%
Profit (Net Income) Margin	14.70%	39.35%	-4.91%	9.44%	8.35%	4.63%	13.74%	9.77%	5.15%	4.51%
Tax Burden Percent	90.11%	100.08%	-29.99%	70.92%	78.95%	82.49%	79.76%	77.13%	79.41%	72.82%
Interest Burden Percent	113.78%	429.80%	117.85%	118.72%	86.92%	70.84%	89.36%	86.64%	73.71%	74.25%
Effective Tax Rate	9.89%	-0.08%	129.99%	29.08%	21.05%	17.51%	20.24%	22.87%	20.59%	27.18%
Return on Invested Capital (ROIC)	7.05%	8.64%	-2.97%	6.69%	5.82%	2.27%	9.31%	6.35%	4.02%	4.84%
ROIC Less NNEP Spread (ROIC-NNEP)	2.65%	-109.64%	-0.63%	3.96%	4.16%	4.21%	14.22%	11.81%	2.95%	0.65%
Return on Net Nonoperating Assets (RNNOA)	-0.44%	11.43%	0.02%	0.50%	1.33%	1.69%	5.58%	4.82%	1.34%	0.32%
Return on Equity (ROE)	6.61%	20.07%	-2.95%	7.19%	7.14%	3.96%	14.89%	11.17%	5.37%	5.16%
Cash Return on Invested Capital (CROIC)	8.80%	11.76%	-3.01%	1.23%	-0.67%	-0.14%	16.53%	5.92%	3.45%	11.30%
Operating Return on Assets (OROA)	4.46%	3.04%	5.08%	4.60%	4.96%	3.00%	8.91%	6.95%	3.82%	3.89%
Return on Assets (ROA)	4.57%	13.10%	-1.79%	3.88%	3.40%	1.75%	6.35%	4.65%	2.23%	2.11%
Return on Common Equity (ROCE)	5.84%	17.48%	-2.53%	6.03%	5.87%	3.23%	13.34%	10.95%	5.24%	5.00%
Return on Equity Simple (ROE_SIMPLE)	7.13%	20.65%	-3.17%	7.73%	7.44%	3.95%	15.69%	11.54%	5.61%	5.54%
Net Operating Profit after Tax (NOPAT)	1,191	1,425	-482	1,117	1,031	420	1,685	1,109	707	826
NOPAT Margin	13.07%	15.18%	-4.77%	9.89%	8.96%	3.71%	11.96%	7.82%	5.61%	6.30%
Net Nonoperating Expense Percent (NNEP)	4.40%	118.28%	-2.34%	2.73%	1.66%	-1.94%	-4.91%	-5.46%	1.07%	4.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.78%	3.64%	4.52%
Cost of Revenue to Revenue	59.91%	59.93%	60.26%	60.49%	64.92%	68.76%	64.05%	68.24%	68.77%	67.40%
SG&A Expenses to Revenue	16.55%	15.57%	14.56%	15.93%	13.78%	15.46%	12.97%	13.38%	14.64%	14.72%
R&D to Revenue	8.44%	7.84%	8.54%	8.80%	8.96%	10.21%	7.07%	7.38%	8.55%	8.30%
Operating Expenses to Revenue	25.58%	24.91%	23.84%	25.56%	23.72%	26.74%	20.96%	21.62%	24.16%	23.94%
Earnings before Interest and Taxes (EBIT)	1,306	859	1,406	1,266	1,399	895	2,715	2,074	1,107	1,095
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,490	2,054	2,564	2,559	2,902	2,415	4,196	3,526	2,476	2,445
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.04	1.20	1.72	1.79	1.84	2.26	2.37	2.11	2.18	3.81
Price to Tangible Book Value (P/TBV)	1.19	1.42	2.13	2.48	2.61	3.44	3.34	2.95	3.05	5.37
Price to Revenue (P/Rev)	1.88	2.00	2.28	1.82	1.70	2.19	2.08	1.79	2.00	3.10
Price to Earnings (P/E)	12.77	5.07	0.00	19.25	22.65	59.76	27.13	19.25	43.44	80.41
Dividend Yield	3.32%	2.74%	2.34%	2.81%	3.15%	2.72%	2.80%	3.61%	3.79%	2.36%
Earnings Yield	7.83%	19.72%	0.00%	5.19%	4.42%	1.67%	3.69%	5.20%	2.30%	1.24%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.19	1.59	1.53	1.49	1.74	1.97	1.76	1.78	2.82
Enterprise Value to Revenue (EV/Rev)	1.91	2.06	2.56	2.32	2.37	2.88	2.44	2.17	2.49	3.55
Enterprise Value to EBITDA (EV/EBITDA)	6.97	9.43	10.10	10.23	9.38	13.47	8.19	8.75	12.64	19.02
Enterprise Value to EBIT (EV/EBIT)	13.30	22.56	18.41	20.68	19.45	36.35	12.66	14.87	28.28	42.48
Enterprise Value to NOPAT (EV/NOPAT)	14.58	13.60	0.00	23.44	26.40	77.47	20.41	27.81	44.29	56.28
Enterprise Value to Operating Cash Flow (EV/OCF)	6.14	7.64	12.92	8.97	13.40	14.92	10.08	11.79	15.61	23.99
Enterprise Value to Free Cash Flow (EV/FCFF)	11.68	9.99	0.00	127.70	0.00	0.00	11.49	29.79	51.59	24.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.22	0.33	0.43	0.60	0.59	0.56	0.56	0.63	0.65
Long-Term Debt to Equity	0.21	0.20	0.30	0.43	0.59	0.58	0.56	0.54	0.61	0.62
Financial Leverage	-0.17	-0.10	-0.04	0.13	0.32	0.40	0.39	0.41	0.46	0.49
Leverage Ratio	1.45	1.53	1.64	1.85	2.10	2.26	2.34	2.40	2.40	2.45
Compound Leverage Factor	1.65	6.59	1.94	2.20	1.82	1.60	2.09	2.08	1.77	1.82
Debt to Total Capital	19.13%	17.85%	24.54%	30.17%	37.32%	37.22%	35.96%	36.02%	38.81%	39.45%
Short-Term Debt to Total Capital	2.45%	1.17%	1.81%	0.02%	0.05%	0.73%	0.28%	1.17%	1.65%	1.78%
Long-Term Debt to Total Capital	16.68%	16.68%	22.72%	30.14%	37.27%	36.49%	35.68%	34.85%	37.16%	37.66%
Preferred Equity to Total Capital	9.86%	10.52%	11.01%	11.57%	11.09%	10.74%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.32%	0.31%	0.34%	0.47%	0.43%	0.89%	1.08%	1.39%	1.63%	2.10%
Common Equity to Total Capital	70.69%	71.32%	64.11%	57.80%	51.15%	51.15%	62.96%	62.59%	59.56%	58.45%
Debt to EBITDA	1.79	1.90	2.00	2.34	2.67	3.30	1.68	1.96	3.04	2.95
Net Debt to EBITDA	-0.85	-0.84	0.18	1.28	1.83	2.19	1.17	1.49	2.32	2.23
Long-Term Debt to EBITDA	1.56	1.78	1.85	2.34	2.66	3.24	1.67	1.90	2.91	2.82
Debt to NOPAT	3.75	2.74	-10.63	5.37	7.51	18.99	4.18	6.23	10.65	8.73
Net Debt to NOPAT	-1.77	-1.21	-0.98	2.92	5.15	12.62	2.91	4.72	8.13	6.59
Long-Term Debt to NOPAT	3.27	2.56	-9.85	5.37	7.50	18.61	4.15	6.03	10.20	8.33
Altman Z-Score	2.44	2.69	2.77	2.46	2.25	2.22	2.64	2.48	2.41	3.01
Noncontrolling Interest Sharing Ratio	11.72%	12.88%	14.05%	16.07%	17.80%	18.46%	10.40%	1.93%	2.42%	3.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.94	3.29	2.75	2.12	2.12	2.12	1.59	1.44	1.67	1.62
Quick Ratio	2.12	2.46	1.91	1.30	1.21	1.28	0.86	0.66	0.78	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,487	1,940	-488	205	-119	-25	2,992	1,035	607	1,928
Operating Cash Flow to CapEx	226.32%	224.51%	111.09%	126.36%	102.68%	162.69%	208.43%	163.03%	151.55%	200.93%
Free Cash Flow to Firm to Interest Expense	10.62	12.20	-3.15	1.07	-0.54	-0.09	9.97	3.54	1.84	5.86
Operating Cash Flow to Interest Expense	20.21	15.96	12.93	15.28	9.19	7.90	11.37	8.96	6.09	5.89
Operating Cash Flow Less CapEx to Interest Expense	11.28	8.85	1.29	3.19	0.24	3.04	5.92	3.46	2.07	2.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.33	0.37	0.41	0.41	0.38	0.46	0.48	0.43	0.47
Accounts Receivable Turnover	6.34	6.58	6.15	6.03	6.09	5.70	6.81	7.62	7.65	7.24
Inventory Turnover	4.03	3.94	3.83	3.64	3.43	3.27	3.67	3.60	3.11	3.28
Fixed Asset Turnover	0.72	0.75	0.76	0.78	0.76	0.73	0.89	0.91	0.84	0.94
Accounts Payable Turnover	5.65	5.59	4.84	4.72	4.91	5.63	6.47	5.67	5.29	6.02
Days Sales Outstanding (DSO)	57.55	55.45	59.32	60.57	59.91	64.08	53.61	47.91	47.74	50.43
Days Inventory Outstanding (DIO)	90.51	92.63	95.29	100.19	106.47	111.73	99.54	101.49	117.42	111.25
Days Payable Outstanding (DPO)	64.57	65.29	75.38	77.37	74.36	64.83	56.37	64.38	68.94	60.64
Cash Conversion Cycle (CCC)	83.50	82.79	79.23	83.39	92.02	110.98	96.78	85.02	96.23	101.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,750	16,235	16,241	17,153	18,303	18,748	17,441	17,515	17,615	16,513
Invested Capital Turnover	0.54	0.57	0.62	0.68	0.65	0.61	0.78	0.81	0.72	0.77
Increase / (Decrease) in Invested Capital	-296	-515	6.00	912	1,150	445	-1,307	74	100	-1,102
Enterprise Value (EV)	17,364	19,376	25,886	26,187	27,217	32,530	34,378	30,839	31,302	46,514
Market Capitalization	17,102	18,734	23,043	20,526	19,521	24,739	29,270	25,332	25,238	40,687
Book Value per Share	$13.94	$16.39	$15.42	$14.36	$13.79	$14.34	$14.45	$14.20	$13.54	$12.48
Tangible Book Value per Share	$12.17	$13.90	$12.47	$10.32	$9.73	$9.41	$10.27	$10.15	$9.69	$8.84
Total Capital	23,325	21,862	20,898	19,884	20,737	21,420	19,589	19,186	19,394	18,281
Total Debt	4,462	3,902	5,128	5,998	7,740	7,972	7,044	6,911	7,526	7,211
Total Long-Term Debt	3,890	3,646	4,749	5,994	7,729	7,816	6,989	6,687	7,206	6,885
Net Debt	-2,113	-1,725	471	3,267	5,306	5,300	4,896	5,240	5,747	5,443
Capital Expenditures (CapEx)	1,250	1,130	1,804	2,310	1,978	1,340	1,637	1,604	1,323	965
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,427	1,262	1,680	1,372	1,519	1,721	760	831	1,434	1,631
Debt-free Net Working Capital (DFNWC)	6,027	6,553	5,997	3,727	3,953	4,393	2,908	2,502	3,213	3,399
Net Working Capital (NWC)	5,455	6,297	5,618	3,723	3,942	4,237	2,853	2,278	2,893	3,073
Net Nonoperating Expense (NNE)	-148	-2,270	15	51	71	-103	-250	-277	59	234
Net Nonoperating Obligations (NNO)	-2,113	-1,725	471	3,267	5,306	5,300	4,896	5,240	5,747	5,443
Total Depreciation and Amortization (D&A)	1,184	1,195	1,158	1,293	1,503	1,520	1,481	1,452	1,369	1,350
Debt-free, Cash-free Net Working Capital to Revenue	15.66%	13.44%	16.61%	12.15%	13.21%	15.23%	5.40%	5.86%	11.39%	12.43%
Debt-free Net Working Capital to Revenue	66.15%	69.79%	59.28%	33.01%	34.36%	38.87%	20.65%	17.63%	25.52%	25.91%
Net Working Capital to Revenue	59.87%	67.06%	55.54%	32.98%	34.27%	37.49%	20.26%	16.05%	22.98%	23.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$3.53	($0.66)	$1.19	$1.11	$0.54	$1.30	$1.56	$0.69	$0.59
Adjusted Weighted Average Basic Shares Outstanding	1.11B	928.09M	857.45M	786.76M	763.63M	768.37M	845.85M	846.56M	853.47M	856.56M
Adjusted Diluted Earnings per Share	$1.00	$3.23	($0.66)	$1.13	$1.07	$0.54	$1.28	$1.54	$0.68	$0.58
Adjusted Weighted Average Diluted Shares Outstanding	1.11B	928.09M	857.45M	786.76M	763.63M	768.37M	845.85M	846.56M	853.47M	856.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.11B	928.09M	857.45M	786.76M	763.63M	768.37M	845.85M	846.56M	853.47M	856.56M
Normalized Net Operating Profit after Tax (NOPAT)	1,191	1,051	1,126	1,117	1,031	420	1,685	1,109	707	826
Normalized NOPAT Margin	13.07%	11.19%	11.13%	9.89%	8.96%	3.71%	11.96%	7.82%	5.61%	6.30%
Pre Tax Income Margin	16.31%	39.32%	16.38%	13.31%	10.57%	5.61%	17.23%	12.66%	6.48%	6.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.33	5.40	9.07	6.63	6.33	3.24	9.05	7.10	3.36	3.33
NOPAT to Interest Expense	8.51	8.96	-3.11	5.85	4.67	1.52	5.62	3.80	2.15	2.51
EBIT Less CapEx to Interest Expense	0.40	-1.70	-2.57	-5.47	-2.62	-1.61	3.59	1.61	-0.66	0.40
NOPAT Less CapEx to Interest Expense	-0.42	1.86	-14.75	-6.25	-4.28	-3.33	0.16	-1.69	-1.87	-0.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	50.71%	17.46%	-130.99%	64.26%	77.29%	150.48%	45.01%	67.24%	152.62%	166.55%
Augmented Payout Ratio	291.78%	131.85%	-624.35%	273.17%	175.21%	170.55%	59.17%	83.19%	152.62%	194.43%

This table displays calculated financial ratios and metrics derived from Corning's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.51%	-7.34%	-13.64%	-10.29%	-9.03%	-12.10%	-6.39%	0.25%	6.87%	16.93%
EBITDA Growth	-27.27%	-58.94%	-47.88%	-30.90%	-8.58%	-8.57%	10.34%	-29.33%	-49.13%	118.23%
EBIT Growth	-42.61%	-88.51%	-65.10%	-41.15%	-12.42%	-47.30%	23.57%	-48.96%	-107.27%	1,189.74%
NOPAT Growth	-40.97%	-241.67%	-43.32%	-45.83%	-22.02%	109.41%	-22.40%	-36.17%	6.80%	460.01%
Net Income Growth	-41.15%	-105.42%	-68.33%	-48.12%	-19.47%	-3.70%	17.80%	-59.74%	-152.20%	1,314.29%
EPS Growth	-44.19%	-106.67%	-70.59%	-50.00%	-20.83%	0.00%	20.00%	-63.64%	-173.68%	1,000.00%
Operating Cash Flow Growth	-21.12%	-39.69%	-109.18%	-18.34%	2.27%	15.56%	295.92%	-15.83%	-3.19%	-12.62%
Free Cash Flow Firm Growth	-36.59%	-138.12%	-106.70%	-201.80%	-193.65%	93.06%	695.49%	359.16%	173.57%	3,200.81%
Invested Capital Growth	-3.26%	0.42%	1.93%	3.76%	5.77%	0.57%	-1.95%	-5.64%	-1.99%	-6.26%
Revenue Q/Q Growth	-3.51%	-2.35%	-6.69%	2.05%	-2.16%	-5.64%	-0.63%	9.28%	4.31%	3.24%
EBITDA Q/Q Growth	-42.38%	-38.95%	51.90%	29.31%	-23.76%	-38.95%	83.33%	-17.19%	-45.11%	161.88%
EBIT Q/Q Growth	-59.71%	-77.58%	301.35%	62.29%	-40.04%	-86.51%	841.03%	-32.97%	-108.54%	2,495.24%
NOPAT Q/Q Growth	-33.48%	-328.71%	142.86%	-16.93%	-4.24%	-72.42%	253.62%	-31.67%	60.24%	44.64%
Net Income Q/Q Growth	-61.30%	-111.95%	807.41%	58.64%	-39.93%	-115.38%	903.57%	-45.78%	-177.87%	457.89%
EPS Q/Q Growth	-63.64%	-116.67%	600.00%	65.00%	-42.42%	-121.05%	700.00%	-50.00%	-216.67%	357.14%
Operating Cash Flow Q/Q Growth	-6.86%	-12.61%	-107.94%	1,363.27%	16.64%	-1.25%	-86.54%	442.71%	34.17%	-10.87%
Free Cash Flow Firm Q/Q Growth	89.25%	-180.32%	86.07%	-380.61%	-74.09%	94.05%	1,296.20%	109.17%	-50.58%	150.76%
Invested Capital Q/Q Growth	-2.92%	5.19%	2.27%	-0.65%	-1.03%	0.02%	-0.30%	-4.38%	2.80%	-4.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.45%	26.86%	31.56%	31.24%	31.64%	30.43%	33.38%	29.19%	33.53%	34.19%
EBITDA Margin	19.72%	12.33%	20.08%	25.44%	19.82%	12.83%	23.66%	17.93%	9.44%	23.94%
Operating Margin	8.37%	2.53%	9.35%	8.60%	7.44%	2.61%	8.54%	5.72%	8.91%	11.23%
EBIT Margin	9.46%	2.17%	9.35%	14.86%	9.11%	1.30%	12.34%	7.57%	-0.62%	14.37%
Profit (Net Income) Margin	6.48%	-0.79%	6.01%	9.34%	5.74%	-0.94%	7.56%	3.75%	-2.80%	9.71%
Tax Burden Percent	86.92%	-675.00%	83.77%	74.08%	83.87%	73.68%	76.01%	70.93%	103.26%	77.80%
Interest Burden Percent	78.79%	5.41%	76.77%	84.85%	75.09%	-97.44%	80.65%	69.92%	438.10%	86.88%
Effective Tax Rate	13.08%	775.00%	16.23%	25.92%	16.13%	0.00%	23.99%	29.07%	0.00%	22.20%
Return on Invested Capital (ROIC)	6.21%	-13.84%	6.04%	4.86%	4.73%	1.31%	4.53%	2.91%	4.51%	6.71%
ROIC Less NNEP Spread (ROIC-NNEP)	5.66%	-2.91%	4.95%	6.57%	4.44%	-0.20%	5.08%	2.74%	-0.75%	7.33%
Return on Net Nonoperating Assets (RNNOA)	2.36%	-1.19%	2.12%	3.12%	2.09%	-0.09%	2.50%	1.45%	-0.37%	3.57%
Return on Equity (ROE)	8.57%	-15.03%	8.16%	7.98%	6.83%	1.22%	7.03%	4.36%	4.13%	10.29%
Cash Return on Invested Capital (CROIC)	12.02%	5.92%	3.23%	0.51%	-1.64%	3.45%	5.66%	9.18%	5.12%	11.30%
Operating Return on Assets (OROA)	4.68%	1.03%	4.33%	6.78%	4.15%	0.57%	5.41%	3.36%	-0.28%	6.70%
Return on Assets (ROA)	3.21%	-0.38%	2.78%	4.26%	2.62%	-0.41%	3.32%	1.67%	-1.25%	4.53%
Return on Common Equity (ROCE)	8.40%	-14.74%	7.99%	7.79%	6.66%	1.19%	6.85%	4.23%	4.01%	9.97%
Return on Equity Simple (ROE_SIMPLE)	16.94%	0.00%	8.17%	6.07%	5.68%	0.00%	6.08%	4.73%	2.02%	0.00%
Net Operating Profit after Tax (NOPAT)	254	-581	249	207	198	55	193	132	211	306
NOPAT Margin	7.28%	-17.04%	7.83%	6.37%	6.24%	1.82%	6.49%	4.06%	6.23%	8.73%
Net Nonoperating Expense Percent (NNEP)	0.56%	-10.92%	1.09%	-1.71%	0.29%	1.50%	-0.55%	0.17%	5.25%	-0.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.03%	-	-	-	0.28%	-	-	-	1.67%
Cost of Revenue to Revenue	69.55%	73.14%	68.44%	68.76%	68.36%	69.57%	66.62%	70.81%	66.47%	65.81%
SG&A Expenses to Revenue	13.22%	15.18%	13.25%	13.57%	14.75%	17.17%	15.16%	14.49%	15.04%	14.25%
R&D to Revenue	7.97%	8.25%	7.99%	8.11%	8.51%	9.65%	8.67%	8.06%	8.67%	7.85%
Operating Expenses to Revenue	22.08%	24.34%	22.22%	22.63%	24.20%	27.82%	24.84%	23.47%	24.62%	22.96%
Earnings before Interest and Taxes (EBIT)	330	74	297	482	289	39	367	246	-21	503
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	688	420	638	825	629	384	704	583	320	838
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.05	2.11	2.40	2.52	2.20	2.18	2.49	3.14	3.48	3.81
Price to Tangible Book Value (P/TBV)	2.94	2.95	3.35	3.57	3.10	3.05	3.50	4.51	4.89	5.37
Price to Revenue (P/Rev)	1.60	1.79	2.09	2.16	1.93	2.00	2.25	2.69	3.06	3.10
Price to Earnings (P/E)	12.73	19.25	31.39	45.75	43.00	43.44	45.45	76.15	247.66	80.41
Dividend Yield	3.84%	3.61%	3.23%	3.25%	3.76%	3.79%	3.42%	2.88%	2.48%	2.36%
Earnings Yield	7.85%	5.20%	3.19%	2.19%	2.33%	2.30%	2.20%	1.31%	0.40%	1.24%
Enterprise Value to Invested Capital (EV/IC)	1.71	1.76	1.93	1.98	1.78	1.78	1.95	2.35	2.59	2.82
Enterprise Value to Revenue (EV/Rev)	1.97	2.17	2.53	2.64	2.41	2.49	2.76	3.19	3.55	3.55
Enterprise Value to EBITDA (EV/EBITDA)	6.90	8.75	11.76	13.68	12.47	12.64	13.47	17.17	22.50	19.02
Enterprise Value to EBIT (EV/EBIT)	10.77	14.87	22.75	29.72	27.44	28.28	29.09	41.96	70.99	42.48
Enterprise Value to NOPAT (EV/NOPAT)	19.33	27.81	37.85	47.92	46.13	44.29	52.40	67.63	82.43	56.28
Enterprise Value to Operating Cash Flow (EV/OCF)	9.43	11.79	17.02	18.57	16.41	15.61	15.93	19.24	22.08	23.99
Enterprise Value to Free Cash Flow (EV/FCFF)	14.00	29.79	60.29	396.12	0.00	51.59	34.13	24.87	50.14	24.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.56	0.56	0.65	0.64	0.63	0.64	0.67	0.65	0.65
Long-Term Debt to Equity	0.57	0.54	0.55	0.64	0.61	0.61	0.61	0.63	0.62	0.62
Financial Leverage	0.42	0.41	0.43	0.48	0.47	0.46	0.49	0.53	0.50	0.49
Leverage Ratio	2.44	2.40	2.38	2.46	2.45	2.40	2.37	2.47	2.44	2.45
Compound Leverage Factor	1.93	0.13	1.83	2.09	1.84	-2.34	1.92	1.72	10.68	2.13
Debt to Total Capital	36.83%	36.02%	35.95%	39.43%	39.00%	38.81%	38.93%	40.00%	39.25%	39.45%
Short-Term Debt to Total Capital	1.14%	1.17%	1.03%	0.97%	1.54%	1.65%	1.68%	2.06%	1.77%	1.78%
Long-Term Debt to Total Capital	35.69%	34.85%	34.91%	38.47%	37.45%	37.16%	37.25%	37.93%	37.47%	37.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.44%	1.39%	1.48%	1.54%	1.63%	1.63%	1.76%	1.88%	1.93%	2.10%
Common Equity to Total Capital	61.73%	62.59%	62.57%	59.03%	59.37%	59.56%	59.31%	58.12%	58.82%	58.45%
Debt to EBITDA	1.63	1.96	2.33	2.97	2.99	3.04	2.90	3.17	3.72	2.95
Net Debt to EBITDA	1.24	1.49	1.94	2.37	2.34	2.32	2.36	2.55	2.91	2.23
Long-Term Debt to EBITDA	1.58	1.90	2.26	2.89	2.87	2.91	2.77	3.00	3.55	2.82
Debt to NOPAT	4.57	6.23	7.50	10.39	11.05	10.65	11.28	12.48	13.63	8.73
Net Debt to NOPAT	3.46	4.72	6.24	8.29	8.64	8.13	9.19	10.05	10.66	6.59
Long-Term Debt to NOPAT	4.43	6.03	7.28	10.14	10.61	10.20	10.79	11.83	13.02	8.33
Altman Z-Score	2.29	2.26	2.44	2.47	2.36	2.28	2.49	2.65	2.73	2.93
Noncontrolling Interest Sharing Ratio	1.98%	1.93%	2.08%	2.30%	2.48%	2.42%	2.59%	2.83%	2.92%	3.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.51	1.44	1.44	1.65	1.70	1.67	1.67	1.57	1.66	1.62
Quick Ratio	0.63	0.66	0.59	0.73	0.79	0.78	0.72	0.69	0.78	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	815	-655	-91	-438	-763	-45	543	1,136	561	1,408
Operating Cash Flow to CapEx	151.83%	153.10%	-15.56%	159.54%	211.73%	255.56%	38.10%	215.29%	322.12%	245.28%
Free Cash Flow to Firm to Interest Expense	11.16	-8.61	-1.20	-5.41	-9.31	-0.50	6.54	13.52	6.76	17.82
Operating Cash Flow to Interest Expense	9.67	8.12	-0.64	7.64	8.80	7.92	1.16	6.20	8.42	7.89
Operating Cash Flow Less CapEx to Interest Expense	3.30	2.82	-4.79	2.85	4.65	4.82	-1.88	3.32	5.81	4.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.48	0.46	0.46	0.46	0.43	0.44	0.44	0.45	0.47
Accounts Receivable Turnover	7.74	7.62	7.61	7.70	7.77	7.65	7.49	7.30	6.80	7.24
Inventory Turnover	3.55	3.60	3.45	3.33	3.23	3.11	3.04	3.14	3.16	3.28
Fixed Asset Turnover	0.96	0.91	0.89	0.89	0.89	0.84	0.84	0.87	0.89	0.94
Accounts Payable Turnover	5.99	5.67	5.39	5.40	5.55	5.29	5.39	5.72	5.70	6.02
Days Sales Outstanding (DSO)	47.13	47.91	47.98	47.42	46.96	47.74	48.76	50.00	53.70	50.43
Days Inventory Outstanding (DIO)	102.95	101.49	105.73	109.48	112.86	117.42	120.23	116.29	115.33	111.25
Days Payable Outstanding (DPO)	60.93	64.38	67.73	67.60	65.77	68.94	67.66	63.82	64.02	60.64
Cash Conversion Cycle (CCC)	89.16	85.02	85.98	89.30	94.05	96.23	101.33	102.46	105.02	101.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,651	17,515	17,912	17,796	17,612	17,615	17,562	16,792	17,262	16,513
Invested Capital Turnover	0.85	0.81	0.77	0.76	0.76	0.72	0.70	0.72	0.72	0.77
Increase / (Decrease) in Invested Capital	-561	74	340	645	961	100	-350	-1,004	-350	-1,102
Enterprise Value (EV)	28,475	30,839	34,583	35,161	31,336	31,302	34,244	39,487	44,794	46,514
Market Capitalization	23,108	25,332	28,596	28,777	25,154	25,238	27,908	33,280	38,635	40,687
Book Value per Share	$13.35	$14.20	$14.09	$13.42	$13.40	$13.54	$13.11	$12.36	$12.98	$12.48
Tangible Book Value per Share	$9.31	$10.15	$10.07	$9.48	$9.52	$9.69	$9.32	$8.62	$9.23	$8.84
Total Capital	18,281	19,186	19,058	19,334	19,251	19,394	18,927	18,211	18,875	18,281
Total Debt	6,733	6,911	6,851	7,624	7,507	7,526	7,368	7,284	7,408	7,211
Total Long-Term Debt	6,525	6,687	6,654	7,437	7,210	7,206	7,050	6,908	7,073	6,885
Net Debt	5,103	5,240	5,705	6,086	5,868	5,747	6,003	5,865	5,795	5,443
Capital Expenditures (CapEx)	465	403	315	388	341	279	252	242	217	254
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,215	831	1,155	1,531	1,671	1,434	1,749	1,552	1,761	1,631
Debt-free Net Working Capital (DFNWC)	2,845	2,502	2,301	3,069	3,310	3,213	3,114	2,971	3,374	3,399
Net Working Capital (NWC)	2,637	2,278	2,104	2,882	3,013	2,893	2,796	2,595	3,039	3,073
Net Nonoperating Expense (NNE)	28	-554	58	-96	16	83	-32	9.93	306	-34
Net Nonoperating Obligations (NNO)	5,103	5,240	5,705	6,086	5,868	5,747	6,003	5,865	5,795	5,443
Total Depreciation and Amortization (D&A)	358	346	341	343	340	345	337	337	341	335
Debt-free, Cash-free Net Working Capital to Revenue	8.40%	5.86%	8.44%	11.50%	12.85%	11.39%	14.12%	12.52%	13.96%	12.43%
Debt-free Net Working Capital to Revenue	19.68%	17.63%	16.81%	23.05%	25.46%	25.52%	25.14%	23.97%	26.75%	25.91%
Net Working Capital to Revenue	18.24%	16.05%	15.37%	21.64%	23.18%	22.98%	22.58%	20.94%	24.10%	23.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	($0.05)	$0.21	$0.33	$0.19	($0.04)	$0.25	$0.12	($0.14)	$0.36
Adjusted Weighted Average Basic Shares Outstanding	845.81M	846.56M	850.13M	852.98M	853.17M	853.47M	856.62M	855.70M	856.21M	856.56M
Adjusted Diluted Earnings per Share	$0.24	($0.04)	$0.20	$0.33	$0.19	($0.04)	$0.24	$0.12	($0.14)	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	845.81M	846.56M	850.13M	852.98M	853.17M	853.47M	856.62M	855.70M	856.21M	856.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	845.81M	846.56M	850.13M	852.98M	853.17M	853.47M	856.62M	855.70M	856.21M	856.56M
Normalized Net Operating Profit after Tax (NOPAT)	254	60	249	207	198	55	193	132	211	306
Normalized NOPAT Margin	7.28%	1.77%	7.83%	6.37%	6.24%	1.82%	6.49%	4.06%	6.23%	8.73%
Pre Tax Income Margin	7.45%	0.12%	7.17%	12.61%	6.84%	-1.27%	9.95%	5.29%	-2.71%	12.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.52	0.97	3.91	5.95	3.52	0.43	4.42	2.93	-0.25	6.37
NOPAT to Interest Expense	3.48	-7.64	3.27	2.55	2.41	0.61	2.33	1.57	2.55	3.87
EBIT Less CapEx to Interest Expense	-1.85	-4.33	-0.24	1.16	-0.63	-2.67	1.39	0.05	-2.87	3.15
NOPAT Less CapEx to Interest Expense	-2.89	-12.94	-0.87	-2.24	-1.74	-2.49	-0.71	-1.31	-0.07	0.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.51%	67.24%	96.82%	139.25%	150.54%	152.62%	145.60%	197.41%	439.73%	166.55%
Augmented Payout Ratio	72.27%	83.19%	96.82%	142.14%	150.54%	152.62%	145.60%	218.36%	500.00%	194.43%

Frequently Asked Questions About Corning's Financials

When does Corning's financial year end?

According to the most recent income statement we have on file, Corning's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Corning's net income changed over the last 9 years?

Corning's net income appears to be on a downward trend, with a most recent value of $592 million in 2024, falling from $1.34 billion in 2015. The previous period was $648 million in 2023.

What is Corning's operating income?

Corning's total operating income in 2024 was $1.14 billion, based on the following breakdown:

Total Gross Profit: $4.28 billion
Total Operating Expenses: $3.14 billion

How has Corning revenue changed over the last 9 years?

Over the last 9 years, Corning's total revenue changed from $9.11 billion in 2015 to $13.12 billion in 2024, a change of 44.0%.

How much debt does Corning have?

Corning's total liabilities were at $16.67 billion at the end of 2024, a 0.2% increase from 2023, and a 72.4% increase since 2015.

How much cash does Corning have?

In the past 9 years, Corning's cash and equivalents has ranged from $1.67 billion in 2022 to $5.29 billion in 2016, and is currently $1.77 billion as of their latest financial filing in 2024.

How has Corning's book value per share changed over the last 9 years?

Over the last 9 years, Corning's book value per share changed from 13.94 in 2015 to 12.48 in 2024, a change of -10.5%.

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This page (NYSE:GLW) was last updated on 4/16/2025 by MarketBeat.com Staff

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Corning (GLW) Financials

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Corning (GLW) Financials

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