Corning inc /ny (GLW)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash Flows from Operating Activities:
Net (loss) income

960

1,066

-497

3,695

1,339

2,472

1,961

1,636

2,817

3,558

2,008

5,257

2,150

Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation

1,390

1,199

1,083

1,131

1,130

1,167

971

978

942

846

782

684

597

Amortization of purchased intangibles

113

94

75

64

54

33

31

19

15

8

10

11

10

Loss on disposal of assets

-118

-35

-80

-

-

-

-

-

-

-

-

-

-

Restructuring, impairment and other charges

-

-

-

77

0

71

67

133

129

-329

228

19

-4

Asbestos litigation charges (credits)

-

-

-

-

-

-

-

-

-

-

20

-340

185

Loss on retirement of debt

-

-

-

-

-

-

-

-26

-

-30

-

-

-15

Stock compensation charges

56

51

46

-

-

58

54

70

86

92

127

118

138

Equity in earnings of affiliated companies

17

390

361

284

299

266

547

810

-

-

-

-

-

Dividends received from affiliated companies

106

241

201

85

143

1,704

630

1,090

-

-

-

-

-

Loss on sale of business

-

-

-

-

-

-

-

-

-

-

-

-14

19

Undistributed earnings of affiliated companies less than (in excess of) dividends received

-

-

-

-

-

-

-

-

651

246

680

812

493

Deferred tax benefit

-191

-38

1,796

-308

54

612

189

18

121

68

-218

-2,585

-95

Restructuring payments

-

-

-

-

-

39

35

15

16

66

89

17

39

Customer deposits and incentives

142

700

100

185

197

0

-

-

-

-

-

-

-

Cash received from settlement of insurance claims

-

-

-

-

-

-

-

-

66

259

-

-

-

Credits issued against customer deposits

-

-

-

-

-

-

-

-

-

-

-253

-266

-126

Employee benefit payments less than (in excess of) expense

78

-88

24

-

-

-52

52

178

114

-265

-10

-47

-111

Translated earnings contract gain

248

-93

-121

-448

80

1,369

435

-

-

-

-

-

-

Unrealized translation losses on transactions

-33

-55

339

-1

-268

-431

-96

-241

-

-

-

-

-

Contingent consideration fair value adjustment

-

-

-

-

-

249

-

-

-

-

-

-

-

Gain on realignment of equity investment

-

-

-

2,676

-

0

-

-

-

-

-

-

-

Trade accounts receivable

-48

154

225

106

-162

16

29

272

84

162

201

410

-128

Inventories

298

346

170

68

77

-2

247

23

201

160

-238

-136

5

Other current assets

300

20

172

-18

57

16

-34

81

20

-42

-16

-76

-27

Accounts payable and other current liabilities

36

358

169

259

-126

-3

-23

189

-27

192

56

-210

48

Other, net

-5

-63

-73

-16

-121

-169

-18

171

102

-32

43

104

-29

Net cash provided by (used in) operating activities

2,031

2,919

2,004

2,537

2,829

4,709

2,787

3,206

3,189

3,835

2,077

2,128

2,077

Cash Flows from Investing Activities:
Capital expenditures

1,978

2,242

1,804

1,130

1,250

1,076

1,019

1,801

2,432

1,007

890

1,921

1,262

Acquisition of businesses, net of cash received

-

842

171

333

732

-66

68

723

215

63

410

15

4

Proceeds from settlement of initial contingent consideration asset

-

196

-

-

-

-

-

-

-

-

-

-

-

Purchase of equipment for related party

9

68

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of a business

-

-

-

-

12

0

-

-

-

-

-

-

-

Net proceeds from sale or disposal of assets

-

-

-

-

-

-

-

-

2

1

21

19

-5

Investment in unconsolidated entities

-

-

-

-

-

109

526

111

-

-

-

-

-

Cash received on realignment of equity investment

-

-

-

4,818

-

0

-

-

-

-

-

-

-

Sale of equipment to related party

78

19

-

-

-

0

-

-

-

-

-

-

-

Payments of loans to unconsolidated entities

-

-

-

-

-

23

-

-

-

-

-

-

-

Proceeds from loan repayments from unconsolidated entities

-

-

-

-

-

-

8

-

-

-

-

-

-

Short-term investments – acquisitions

-

-

-

20

969

1,398

1,406

2,270

2,582

2,768

1,372

1,865

2,152

Short-term investments – liquidations

-

-

-

121

1,629

1,167

2,026

2,269

3,171

2,061

1,281

2,083

2,862

Premium on purchased collars

-

-

-

-

-

-

107

-

-

-

-

-

-

Realized gains on translated earnings contracts

66

108

270

201

653

361

87

-

-

-

-

-

-

Other, net

48

58

5

-5

28

-4

-1

-8

-

-7

-

-

-

Net cash used in investing activities

-1,891

-2,887

-1,710

3,662

-685

-962

-1,004

-2,628

-2,056

-1,769

-1,370

-1,699

-561

Cash Flows from Financing Activities:
Retirement of long-term debt, net

-

-

-

-

-

-

498

280

-

364

-

-

238

Net repayments of short-term borrowings and current portion of long-term debt

-300

-629

-252

-85

-12

-52

-71

-26

-24

-75

-86

-24

-20

Payments from issuance of commercial paper

-

-

-

481

-

-

-

-

-

-

-

-

-

Proceeds from unwind of interest rate swap agreements

-

-

-

-

-

-

-

-

-

-

-

65

0

Proceeds from issuance of short-term debt, net

-

-

-

-

3

29

-

-

-

-

-

-

-

(Payments) proceeds from issuance of commercial paper

-

-

-

-

481

0

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt, net

1,831

1,485

1,445

-

745

0

248

1,362

120

689

346

-

0

Payments from the settlement of interest rate swap agreements

-

-

-

-

10

0

-33

18

-

-

-

-

-

Principal payments under capital lease obligations

-

-

-

-

6

6

7

1

32

9

10

-

0

Proceeds from issuance of preferred stock (1)

-

-

-

-

-

400

-

-

-

-

-

-

-

Proceeds received for asset financing and related incentives, net

-

-

-

-

1

1

276

-

-

-

-

-

-

Payments of employee withholding tax on stock award

-

-

-

16

20

-

-

-

-

-

-

-

-

Payments to acquire noncontrolling interest

-

-

-

-

-

-

47

-

-

-

-

-

-

Proceeds from issuance of common stock, net

-

-

-

-

-

-

-

-

-

15

20

23

21

Proceeds from the exercise of stock options

58

81

309

138

102

116

85

38

90

55

24

80

109

Repurchases of common stock for treasury

940

2,227

2,452

4,227

3,228

2,483

1,516

720

780

-

-

625

250

Dividends paid

742

685

651

645

679

591

566

472

354

313

312

313

158

Other, net

46

-20

-23

-6

-

-

-

2

-

-

3

-4

-3

Net cash used in financing activities

-47

-1,995

-1,624

-5,322

-2,623

-2,586

-2,063

-115

-980

-2

-15

-798

-539

Effect of exchange rates on cash

-14

1

356

-86

-330

-556

-4

-136

-90

-7

-24

26

82

Net decrease in cash and cash equivalents

79

-1,962

-974

791

-809

605

-284

327

63

2,057

668

-343

1,059