Corning inc /ny (GLW)
Income statement / TTM
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

11,082

11,503

11,721

11,795

11,602

11,290

10,892

10,491

10,241

10,116

9,955

9,855

9,718

9,390

9,145

8,910

8,893

9,111

9,284

9,552

9,691

9,715

9,267

8,794

8,294

7,819

8,009

7,980

7,906

8,012

7,753

7,790

7,887

7,890

7,768

7,295

7,002

6,632

6,399

6,276

5,959

5,395

5,418

5,631

0

0

0

Cost of sales

7,585

7,468

7,338

7,197

6,997

6,829

6,601

6,382

6,217

6,096

5,960

5,869

5,768

5,627

5,532

5,446

5,405

5,458

5,492

5,563

5,645

5,663

5,441

5,156

4,805

4,495

4,657

4,640

4,641

4,693

4,397

4,345

4,361

4,314

4,260

4,041

3,810

3,583

3,468

3,470

3,405

3,302

3,239

3,199

0

0

0

Gross margin

3,497

4,035

4,383

4,598

4,605

4,461

4,291

4,109

4,024

4,020

3,995

3,986

3,950

3,763

3,613

3,464

3,488

3,653

3,792

3,989

4,046

4,052

3,826

3,638

3,489

3,324

3,352

3,340

3,265

3,319

3,356

3,445

3,526

3,576

3,508

3,254

3,192

3,049

2,931

2,806

2,554

2,093

2,179

2,432

0

0

0

Operating expenses:
Selling, general and administrative expenses

1,579

1,585

1,631

1,701

1,699

1,799

1,753

1,689

1,655

1,473

1,430

1,357

1,478

1,462

1,652

1,657

1,495

1,508

1,182

1,136

1,121

1,202

1,316

1,320

1,264

1,126

1,147

1,171

1,191

1,205

1,126

1,053

1,051

1,028

1,034

1,068

1,030

1,015

975

944

909

881

857

898

0

0

0

Research, development and engineering expenses

1,043

1,031

1,018

1,007

1,001

993

969

940

903

864

790

762

748

736

777

771

770

769

771

789

806

815

774

759

730

710

759

757

763

769

725

709

696

668

956

642

614

603

286

565

557

563

578

610

0

0

0

Amortization of purchased intangibles

110

113

111

110

104

94

90

81

77

75

71

70

67

64

60

55

56

54

48

45

37

33

33

32

32

31

29

25

21

19

17

17

17

15

13

11

9

8

8

9

9

10

10

10

0

0

0

Restructuring, impairment and other charges

-

-

-

-

-

-

-

-

-

-

-

-

-

77

78

78

0

-

0

0

-

71

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-329

52

61

61

228

173

163

0

0

0

Asbestos litigation (credit) charges (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

18

16

15

14

18

20

20

24

7

8

8

-49

-36

-36

-36

20

21

24

0

0

0

Operating (loss) income

765

1,306

1,623

1,780

1,801

1,575

1,479

1,399

1,389

1,608

1,705

1,798

1,660

1,424

1,046

903

1,087

1,322

1,771

1,999

2,028

1,931

1,579

1,398

1,362

1,371

1,266

1,238

1,142

1,179

1,341

1,517

1,613

1,712

2,120

1,852

1,858

1,801

1,352

1,263

1,054

391

540

727

0

0

0

Equity in earnings of affiliated companies

6

17

369

378

376

390

315

314

320

361

313

301

305

284

223

243

264

299

218

274

274

266

313

356

460

547

570

672

765

810

1,038

1,122

1,291

1,471

1,661

1,841

1,887

1,958

1,908

1,822

1,709

1,435

1,365

1,314

0

0

0

Interest income

20

21

25

28

32

38

41

44

46

45

44

43

38

32

26

23

22

21

21

20

19

26

24

20

18

8

9

11

12

14

14

17

19

19

18

15

12

11

11

12

15

19

38

56

0

0

0

Interest expense

233

221

212

202

191

191

183

175

170

155

149

153

155

159

161

158

151

140

133

126

123

123

119

116

114

120

127

131

127

111

93

84

82

89

100

106

110

109

105

100

94

82

73

64

0

0

0

Translated earnings contract gain, net

132

248

4

148

713

-93

138

-66

-305

-121

1,654

1,391

-29

-448

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction-related gain, net (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

74

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on realignment of equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency hedge (loss) gain, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Net OTTI losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Other expense, net

-157

-155

-264

-237

-188

-216

-67

-72

-108

-81

-72

-107

-111

-117

-83

-87

-82

-96

-25

-38

-35

25

-317

-273

10

45

370

376

119

83

63

85

120

118

151

126

147

184

192

238

215

171

79

70

0

0

0

(Loss) income before income taxes

533

1,216

1,545

1,895

2,543

1,503

1,723

1,444

1,172

1,657

3,495

3,273

4,384

3,692

1,457

1,418

321

1,486

2,654

3,845

3,580

3,568

2,798

1,938

2,426

2,473

2,088

2,166

1,911

1,975

2,363

2,657

2,961

3,231

3,850

3,728

3,794

3,845

3,360

3,236

2,899

1,934

1,947

2,102

0

0

0

Benefit (provision) for income taxes (Note 5)

168

256

325

387

389

437

2,361

2,317

2,344

2,154

1,008

892

235

-3

-890

-857

-243

147

551

940

1,002

1,096

893

639

658

512

393

346

255

339

379

395

418

414

492

396

304

287

106

124

89

-74

-89

-2,502

0

0

0

Net (loss) income attributable to Corning Incorporated

365

960

1,220

1,508

2,154

1,066

-638

-873

-1,172

-497

2,487

2,381

4,149

3,695

2,347

2,275

564

1,339

2,103

2,905

2,578

2,472

1,905

1,299

1,768

1,961

1,695

1,820

1,656

1,636

1,984

2,262

2,543

2,817

3,358

3,332

3,490

3,558

3,254

3,112

2,810

2,008

2,036

4,604

0

0

0

(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

-