Corning inc /ny (GLW)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Net sales

2,391

2,817

2,934

2,940

2,812

3,035

3,008

2,747

2,500

2,637

2,607

2,497

2,375

2,476

2,507

2,360

2,047

2,231

2,272

2,343

2,265

2,404

2,540

2,482

2,289

1,956

2,067

1,982

1,814

2,146

2,038

1,908

1,920

1,887

2,075

2,005

1,923

1,765

1,602

1,712

1,553

1,532

1,479

1,395

989

1,555

1,692

Cost of sales

1,830

1,963

1,917

1,875

1,713

1,833

1,776

1,675

1,545

1,605

1,557

1,510

1,424

1,469

1,466

1,409

1,283

1,374

1,380

1,368

1,336

1,408

1,451

1,450

1,354

1,186

1,166

1,099

1,044

1,348

1,149

1,100

1,096

1,052

1,097

1,116

1,049

998

878

885

822

883

880

820

719

820

840

Gross margin

561

854

1,017

1,065

1,099

1,202

1,232

1,072

955

1,032

1,050

987

951

1,007

1,041

951

764

857

892

975

929

996

1,089

1,032

935

770

901

883

770

798

889

808

824

835

978

889

874

767

724

827

731

649

599

575

270

735

852

Operating expenses:
Selling, general and administrative expenses

395

401

369

414

401

447

439

412

501

401

375

378

319

358

302

499

303

548

307

337

316

222

261

322

397

336

265

266

259

357

289

286

273

278

216

284

250

284

250

246

235

244

219

211

207

220

260

Research, development and engineering expenses

261

278

255

249

249

265

244

243

241

241

215

206

202

167

187

192

190

208

181

191

189

210

199

208

198

169

184

179

178

218

182

185

184

174

166

172

156

462

-148

144

145

145

131

136

151

160

163

Amortization of purchased intangibles

26

28

28

28

29

26

27

22

19

22

18

18

17

18

17

15

14

14

12

16

12

8

9

8

8

8

8

8

7

6

4

4

5

4

4

4

3

2

2

2

2

2

3

2

3

2

3

Restructuring, impairment and other charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

-2

80

-

0

0

-

20

0

34

17

-

-

-

-

-

-

-

-

-

-

-

-

-328

1

0

-2

53

10

0

165

-2

0

Asbestos litigation (credit) charges (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

5

6

2

5

3

5

1

9

5

5

5

-8

6

5

-52

5

6

5

4

6

9

Operating (loss) income

-121

147

365

374

420

464

522

395

194

368

442

385

413

465

535

247

177

87

392

431

412

536

620

460

315

184

439

424

324

79

411

328

361

241

587

424

460

649

319

430

403

200

230

221

-260

349

417

Equity in earnings of affiliated companies

14

-64

23

33

25

288

32

31

39

213

31

37

80

165

19

41

59

104

39

62

94

23

95

62

86

70

138

166

173

93

240

259

218

321

324

428

398

511

504

474

469

461

418

361

195

391

367

Interest income

6

5

4

5

7

9

7

9

13

12

10

11

12

11

9

6

6

5

6

5

5

5

5

4

12

3

1

2

2

4

3

3

4

4

6

5

4

3

3

2

3

3

4

5

7

22

22

Interest expense

64

60

55

54

52

51

45

43

52

43

37

38

37

37

41

40

41

39

38

33

30

32

31

30

30

28

28

28

36

35

32

24

20

17

23

22

27

28

29

26

26

24

24

20

14

15

15

Translated earnings contract gain, net

68

85

86

-107

184

-159

230

458

-622

72

26

219

-438

1,847

-237

-1,201

-857

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction-related gain, net (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-149

162

-

0

0

0

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on realignment of equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,676

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency hedge (loss) gain, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

-

765

-137

-6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment (OTTI) losses:
Change in total OTTI losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

14

-

0

0

Changes in OTTI recognized in other comprehensive income (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10

-13

-

0

0

Net OTTI losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

-

0

0

Other expense, net

-11

-96

-15

-35

-9

-205

12

14

-37

-56

7

-22

-10

-47

-28

-26

-16

-13

-32

-21

-30

58

-45

-18

30

-284

-1

265

65

41

5

8

29

21

27

43

27

54

2

64

64

62

48

41

20

-30

39

(Loss) income before income taxes

-108

17

408

216

575

346

758

864

-465

566

479

592

20

2,404

257

1,703

-672

169

218

606

493

1,337

1,409

341

481

567

549

829

528

182

627

574

592

570

921

878

862

1,189

799

944

913

704

675

607

-52

717

830

Benefit (provision) for income taxes (Note 5)

-12

-15

71

124

76

54

133

126

124

1,978

89

153

-66

832

-27

-504

-304

-55

6

110

86

349

395

172

180

146

141

191

34

27

94

100

118

67

110

123

114

145

14

31

97

-36

32

-4

-66

-51

-2,381

Net (loss) income attributable to Corning Incorporated

-96

32

337

92

499

292

625

738

-589

-1,412

390

439

86

1,572

284

2,207

-368

224

212

496

407

988

1,014

169

301

421

408

638

494

155

533

474

474

503

811

755

748

1,044

785

913

816

740

643

611

14

768

3,211

(Loss) earnings per common share attributable to Corning Incorporated:
Basic (Note 6)

-0.16

0.01

0.40

0.09

0.61

0.29

0.75

0.87

-0.72

-1.60

0.41

0.46

0.07

1.56

0.27

2.06

-0.36

0.18

0.16

0.38

0.30

0.73

0.77

0.11

0.21

0.31

0.28

0.43

0.33

0.12

0.36

0.31

0.31

0.32

0.52

0.48

0.48

0.67

0.50

0.59

0.52

0.49

0.41

0.39

0.01

0.49

2.05

Diluted (Note 6)

-0.16

0.05

0.38

0.09

0.55

0.40

0.67

0.78

-0.72

-1.54

0.39

0.42

0.07

1.46

0.26

1.87

-0.36

0.20

0.15

0.36

0.29

0.70

0.72

0.11

0.20

0.30

0.28

0.43

0.33

0.11

0.36

0.31

0.31

0.33

0.51

0.47

0.47

0.65

0.50

0.58

0.52

0.47

0.41

0.39

0.01

0.49

2.01

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.15

0.15

0.15

0.13

0.13

0.13

0.13

0.12

0.12

0.12

0.00

0.22

0.10

0.10

0.10

0.10

0.10

0.10

0.09

0.09

0.07

0.07

0.07

0.08

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

-