CORNING INC /NY GLW Cash Flow

Corning inc /ny (GLW)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash Flows from Operating Activities:
Net (loss) income
-96,000	32,000	337,000	92,000	499,000	292,000	625,000	738,000	-589,000	-1,412,000	390,000	439,000	86,000	1,572,000	284,000	2,207,000	-368,000	224,000	212,000	496,000	407,000	988,000	1,014,000	169,000	301,000	421,000	408,000	638,000	494,000	155,000	533,000	474,000	474,000	503,000	811,000	755,000	748,000	1,044,000	785,000	913,000	816,000	740,000	643,000	611,000	14,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation
356,000	364,000	368,000	352,000	306,000	304,000	291,000	300,000	304,000	284,000	276,000	263,000	260,000	287,000	283,000	280,000	281,000	288,000	280,000	283,000	279,000	290,000	294,000	294,000	289,000	241,000	240,000	242,000	248,000	261,000	244,000	238,000	235,000	243,000	241,000	232,000	226,000	222,000	212,000	206,000	206,000	196,000	227,000	184,000	175,000
Amortization of purchased intangibles
26,000	28,000	28,000	28,000	29,000	26,000	27,000	22,000	19,000	22,000	18,000	18,000	17,000	18,000	17,000	15,000	14,000	14,000	12,000	16,000	12,000	8,000	9,000	8,000	8,000	8,000	8,000	8,000	7,000	6,000	4,000	4,000	5,000	4,000	4,000	4,000	3,000	2,000	2,000	2,000	2,000	2,000	3,000	2,000	3,000
Loss on disposal of assets
-60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance charges
77,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring, impairment and other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	0	-2,000	80,000	-	-	-	-	20,000	0	34,000	17,000	-	-	-	-	-	-	-	-	-	-	-	-	-332,000	1,000	0	2,000	53,000	10,000	0	165,000
Asbestos litigation charges (credits)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	5,000	-52,000	5,000	6,000	5,000	4,000
Stock compensation charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	-	11,000	15,000	10,000	11,000	19,000	13,000	15,000	14,000	15,000	14,000	11,000	14,000	16,000	16,000	24,000	20,000	21,000	22,000	23,000	15,000	22,000	26,000	29,000	30,000	30,000	32,000	35,000
Equity in earnings of affiliated companies
14,000	-64,000	23,000	33,000	25,000	288,000	32,000	31,000	39,000	213,000	31,000	37,000	80,000	165,000	19,000	41,000	59,000	104,000	39,000	62,000	94,000	23,000	95,000	62,000	86,000	70,000	138,000	166,000	173,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends received from affiliated companies
-	-	-	-	-	-	-	-	-	100,000	34,000	33,000	34,000	-	-	-	-	0	48,000	47,000	48,000	31,000	32,000	31,000	1,610,000	409,000	39,000	21,000	161,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Undistributed earnings of affiliated companies less than (in excess of) dividends received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184,000	256,000	-300,000	-35,000	249,000	359,000	78,000	-850,000	438,000	417,000	241,000	145,000	398,000	345,000	-208,000
Deferred tax benefit
-40,000	-106,000	-51,000	6,000	-40,000	-91,000	7,000	30,000	16,000	1,858,000	14,000	45,000	-121,000	739,000	-149,000	-553,000	-345,000	-133,000	156,000	36,000	-5,000	198,000	311,000	81,000	22,000	48,000	22,000	149,000	-30,000	-47,000	30,000	-12,000	47,000	3,000	22,000	81,000	15,000	83,000	-25,000	-40,000	50,000	-49,000	-30,000	-20,000	-119,000
Restructuring payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	10,000	13,000	9,000	13,000	6,000	11,000	5,000	6,000	8,000	16,000	12,000	2,000	0	1,000	-	-	-	-	8,000	8,000	19,000	31,000	18,000	17,000	42,000	12,000
Customer deposits and incentives
125,000	140,000	0	0	2,000	9,000	115,000	300,000	276,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from settlement of insurance claims
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	66,000	-	-	-	-	-	-	-	-
Credits issued against customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,000	-38,000	-30,000	-46,000	-42,000	-62,000	-103,000
Employee benefit payments less than (in excess of) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	-	13,000	-2,000	-6,000	-47,000	23,000	-11,000	-17,000	18,000	8,000	11,000	15,000	235,000	14,000	7,000	-78,000	9,000	37,000	34,000	34,000	-184,000	-53,000	-54,000	26,000	-22,000	-22,000	17,000	17,000
Translated earnings contract gain
68,000	85,000	86,000	-107,000	184,000	-159,000	230,000	458,000	-622,000	72,000	26,000	219,000	-438,000	1,847,000	-237,000	-1,201,000	-857,000	38,000	-149,000	162,000	29,000	769,000	739,000	-141,000	2,000	230,000	-46,000	227,000	24,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized translation losses on transactions
-33,000	54,000	-53,000	-26,000	-8,000	-3,000	-14,000	-101,000	63,000	75,000	70,000	127,000	67,000	-178,000	53,000	1,000	123,000	35,000	-67,000	62,000	-298,000	-192,000	-299,000	44,000	16,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax assessment refunds
-101,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severence payments
-75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade accounts receivable
-43,000	-217,000	-32,000	165,000	36,000	-43,000	156,000	135,000	-94,000	35,000	92,000	44,000	54,000	-78,000	81,000	124,000	-21,000	-110,000	-77,000	60,000	-35,000	-47,000	52,000	32,000	-21,000	-110,000	83,000	73,000	-17,000	123,000	81,000	19,000	49,000	-98,000	-61,000	122,000	121,000	100,000	-131,000	73,000	120,000	466,000	16,000	-170,000	-111,000
Inventories
67,000	-40,000	81,000	98,000	159,000	111,000	42,000	95,000	98,000	4,000	56,000	61,000	49,000	-1,000	3,000	24,000	42,000	17,000	6,000	53,000	1,000	25,000	-14,000	-16,000	3,000	9,000	27,000	73,000	138,000	-8,000	-4,000	47,000	-12,000	31,000	27,000	64,000	79,000	13,000	85,000	31,000	31,000	-442,000	66,000	99,000	39,000
Other current assets
10,000	80,000	56,000	67,000	97,000	-16,000	6,000	-62,000	92,000	63,000	9,000	40,000	60,000	-60,000	-29,000	-5,000	76,000	-147,000	104,000	87,000	13,000	33,000	11,000	0	-28,000	-20,000	-17,000	1,000	2,000	16,000	11,000	7,000	47,000	-29,000	7,000	16,000	26,000	-17,000	15,000	-8,000	-32,000	-29,000	55,000	-19,000	-23,000
Accounts payable and other current liabilities
-207,000	107,000	294,000	-66,000	-299,000	264,000	240,000	16,000	-162,000	292,000	194,000	-87,000	-230,000	231,000	131,000	190,000	-293,000	168,000	-103,000	123,000	-314,000	336,000	45,000	29,000	-413,000	255,000	-37,000	-129,000	-112,000	231,000	3,000	6,000	-51,000	80,000	-64,000	40,000	-83,000	184,000	7,000	75,000	-74,000	32,000	45,000	68,000	-89,000
Other, net
-4,000	7,000	-74,000	29,000	33,000	-182,000	16,000	135,000	-32,000	44,000	-3,000	-97,000	-17,000	-27,000	22,000	-54,000	43,000	-166,000	61,000	-29,000	13,000	-69,000	-44,000	-82,000	26,000	109,000	21,000	17,000	-165,000	292,000	-64,000	-166,000	109,000	-51,000	-63,000	61,000	155,000	-70,000	-134,000	109,000	63,000	34,000	-60,000	8,000	61,000
Net cash provided by (used in) operating activities
248,000	1,018,000	889,000	153,000	-29,000	941,000	943,000	715,000	320,000	888,000	645,000	280,000	191,000	1,428,000	654,000	535,000	-80,000	984,000	697,000	547,000	601,000	1,112,000	1,117,000	743,000	1,737,000	1,284,000	491,000	389,000	623,000	1,240,000	634,000	570,000	762,000	1,157,000	913,000	546,000	573,000	2,092,000	428,000	672,000	643,000	913,000	532,000	368,000	264,000
Cash Flows from Investing Activities:
Capital expenditures
545,000	376,000	508,000	570,000	524,000	613,000	452,000	522,000	655,000	557,000	486,000	397,000	364,000	315,000	282,000	263,000	270,000	311,000	298,000	308,000	333,000	336,000	262,000	232,000	246,000	337,000	244,000	244,000	194,000	526,000	422,000	441,000	412,000	766,000	640,000	494,000	532,000	473,000	225,000	136,000	173,000	163,000	236,000	215,000	276,000
Acquisition of businesses, net of cash received
-	-	-	-	-	-	-	-	-	0	133,000	3,000	35,000	-	-	-	-	201,000	0	0	531,000	0	0	0	-66,000	-	-	-	-	-	-	-	-	67,000	0	0	148,000	-	-	-	-	-	-	-	-
Net proceeds from sale or disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	0	3,000	12,000
Investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	109,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loan repayments from unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-	4,000	6,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments – acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	20,000	110,000	289,000	286,000	284,000	228,000	367,000	358,000	445,000	223,000	446,000	446,000	291,000	411,000	691,000	640,000	528,000	389,000	348,000	962,000	883,000	768,000	1,106,000	670,000	224,000	496,000	471,000	301,000	104,000
Short-term investments – liquidations
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	121,000	583,000	221,000	543,000	282,000	213,000	380,000	236,000	338,000	577,000	429,000	551,000	469,000	651,000	629,000	648,000	341,000	745,000	574,000	949,000	903,000	743,000	424,000	422,000	472,000	422,000	343,000	274,000	242,000
Premium on purchased collars
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	107,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gains on translated earnings contracts
11,000	16,000	1,000	29,000	20,000	46,000	26,000	23,000	13,000	71,000	50,000	69,000	80,000	55,000	1,000	52,000	93,000	164,000	168,000	172,000	149,000	135,000	74,000	63,000	89,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
5,000	13,000	46,000	10,000	-21,000	30,000	12,000	14,000	2,000	6,000	-14,000	6,000	7,000	-	-	-	-	-	-	-	-	1,000	-1,000	-3,000	-1,000	-	-	2,000	-1,000	-2,000	-2,000	-9,000	5,000	-	4,000	-2,000	-3,000	-1,000	-4,000	0	-2,000	-	-	-	-
Net cash used in investing activities
-539,000	-357,000	-500,000	-551,000	-483,000	-621,000	-511,000	-1,111,000	-644,000	-492,000	-584,000	-308,000	-326,000	-294,000	-282,000	4,314,000	-76,000	137,000	-199,000	90,000	-713,000	-209,000	-170,000	-282,000	-301,000	-429,000	-240,000	-213,000	-122,000	-1,007,000	-482,000	-535,000	-604,000	-476,000	-418,000	-505,000	-657,000	-560,000	-902,000	-384,000	77,000	-231,000	-774,000	-239,000	-126,000
Cash Flows from Financing Activities:
Retirement of long-term debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	498,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net repayments of short-term borrowings and current portion of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-21,000	0	-64,000	-	-	-	-	-2,000	-8,000	-34,000	-8,000	-2,000	-58,000	-2,000	-9,000	-2,000	-11,000	-3,000	-10,000	-2,000	-10,000	-2,000	-10,000	-5,000	-9,000	-3,000	-58,000	-2,000	-18,000	-3,000	-63,000
(Payments) proceeds from issuance of commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-251,000	-249,000	19,000	-	-	-	-	-424,000	8,000	-2,000	418,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt, net
200,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	332,000	144,000	95,000	791,000	-	-	-	-	-	-	-	-	-	-	-	-
Payments from the settlement of interest rate swap agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	9,000	-	-	-	-	-	-	-	-	0	0	0	18,000	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	-	-	-	-	-	-	-	-	5,000	0	1,000	1,000	0	0	0	1,000	0	0	0	32,000	-	-	-	0	0	1,000	0	9,000
Proceeds from issuance of preferred stock (1)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of employee withholding tax on stock award
-	-	-	-	-	-	-	-	-	-	3,000	9,000	2,000	2,000	2,000	9,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,000	4,000	2,000	6,000	7,000	5,000
Proceeds from the exercise of stock options
-	-	-	-	-	7,000	31,000	22,000	21,000	34,000	23,000	70,000	182,000	52,000	59,000	18,000	9,000	3,000	1,000	9,000	89,000	18,000	14,000	34,000	50,000	31,000	15,000	27,000	12,000	12,000	7,000	3,000	16,000	8,000	9,000	9,000	64,000	16,000	10,000	8,000	21,000	16,000	4,000	3,000	1,000
Repurchases of common stock for treasury
105,000	232,000	301,000	150,000	257,000	347,000	397,000	683,000	800,000	388,000	1,019,000	645,000	400,000	343,000	2,369,000	812,000	703,000	1,323,000	812,000	616,000	477,000	183,000	224,000	175,000	1,901,000	-	-	-	-	140,000	194,000	314,000	72,000	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
192,000	188,000	192,000	181,000	181,000	168,000	169,000	171,000	177,000	158,000	160,000	165,000	168,000	152,000	153,000	167,000	173,000	160,000	169,000	173,000	177,000	152,000	152,000	151,000	136,000	140,000	146,000	147,000	133,000	133,000	112,000	113,000	114,000	117,000	79,000	79,000	79,000	78,000	79,000	78,000	78,000	78,000	78,000	78,000	78,000
Other, net
3,000	9,000	12,000	-20,000	45,000	-6,000	-3,000	-8,000	-3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,000	1,000
Net cash used in financing activities
-94,000	786,000	-571,000	131,000	-393,000	121,000	-538,000	-619,000	-959,000	-29,000	-457,000	-750,000	-388,000	-450,000	-2,737,000	-1,219,000	-916,000	-1,034,000	-980,000	-35,000	-574,000	-740,000	-357,000	-312,000	-1,177,000	-716,000	-354,000	-364,000	-629,000	-209,000	-166,000	-332,000	592,000	-805,000	-46,000	-72,000	-57,000	-175,000	346,000	-62,000	-111,000	-62,000	-87,000	277,000	-143,000
Effect of exchange rates on cash
-24,000	16,000	-25,000	-11,000	6,000	11,000	-14,000	-58,000	62,000	85,000	72,000	123,000	76,000	-214,000	42,000	-26,000	112,000	-27,000	-46,000	62,000	-319,000	-207,000	-355,000	1,000	5,000	5,000	62,000	-8,000	-63,000	12,000	-42,000	-185,000	79,000	-116,000	-157,000	70,000	113,000	-61,000	216,000	-87,000	-75,000	-41,000	57,000	48,000	-88,000
Net decrease in cash and cash equivalents
-409,000	1,463,000	-207,000	-278,000	-899,000	452,000	-120,000	-1,073,000	-1,221,000	452,000	-324,000	-655,000	-447,000	470,000	-2,323,000	3,604,000	-960,000	60,000	-528,000	664,000	-1,005,000	-44,000	235,000	150,000	264,000	144,000	-41,000	-196,000	-191,000	36,000	-56,000	-482,000	829,000	-240,000	292,000	39,000	-28,000	1,296,000	88,000	139,000	534,000	579,000	-272,000	454,000	-93,000