GLW - Corning Incorporated
NYSE
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Electronic Components
Corning,
United States
Type: Equity
GLW price evolution
GLW
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1779 | $1639 | $1538 | $1146 |
| Short term investments | ||||
| Net receivables | $1572 | $1725 | $1674 | $1688 |
| Inventory | $2666 | $2655 | $2757 | $2863 |
| Total current assets | $7212 | $7298 | $7293 | $6877 |
| Long term investments | ||||
| Property, plant & equipment | $14630 | $14407 | $14681 | $15137 |
| Goodwill & intangible assets | $3285 | $3310 | $3354 | $3396 |
| Total noncurrent assets | $21288 | $20980 | $21352 | $21945 |
| Total investments | ||||
| Total assets | $28500 | $28278 | $28645 | $28822 |
| Current liabilities | ||||
| Accounts payable | $1466 | $1459 | $1519 | $1662 |
| Deferred revenue | ||||
| Short long term debt | $320 | $297 | $187 | $197 |
| Total current liabilities | $4319 | $4285 | $4411 | $4773 |
| Long term debt | $7206 | $7210 | $7437 | $6654 |
| Total noncurrent liabilities | $12313 | $12249 | $12524 | $11842 |
| Total debt | $7526 | $7507 | $7624 | $6851 |
| Total liabilities | $16949 | $16534 | $16935 | $16615 |
| Shareholders' equity | ||||
| Retained earnings | $16391 | $16673 | $16509 | $16713 |
| Other shareholder equity | -$2048 | -$2402 | -$2199 | -$1897 |
| Total shareholder equity | $11551 | $11430 | $11412 | $11925 |
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1779 | $1671 | $2148 | $2672 |
| Short term investments | ||||
| Net receivables | $1572 | $1664 | $2004 | $2133 |
| Inventory | $2666 | $2904 | $2481 | $2438 |
| Total current assets | $7212 | $7396 | $7659 | $8004 |
| Long term investments | $435 | |||
| Property, plant & equipment | $14630 | $15371 | $15804 | $15742 |
| Goodwill & intangible assets | $3285 | $3423 | $3569 | $3768 |
| Total noncurrent assets | $21288 | $22046 | $22495 | $22771 |
| Total investments | ||||
| Total assets | $28500 | $29442 | $30154 | $30775 |
| Current liabilities | ||||
| Accounts payable | $1466 | $1804 | $1612 | $1174 |
| Deferred revenue | ||||
| Short long term debt | $320 | $224 | $55 | $156 |
| Total current liabilities | $4319 | $5118 | $4806 | $3767 |
| Long term debt | $7206 | $6687 | $6989 | $7816 |
| Total noncurrent liabilities | $12313 | $12049 | $12803 | $13560 |
| Total debt | $7526 | $6911 | $7044 | $7972 |
| Total liabilities | $16949 | $17434 | $17609 | $17327 |
| Shareholders' equity | ||||
| Retained earnings | $16391 | $16778 | $16389 | $16120 |
| Other shareholder equity | -$2048 | -$1830 | -$1175 | -$740 |
| Total shareholder equity | $11551 | $12008 | $12333 | $13257 |
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $2994 | $3173 | $3243 | $3178 |
| Cost of revenue | $2169 | $2230 | $2175 | |
| Gross Profit | $911 | $1004 | $1013 | $1003 |
| Operating activities | ||||
| Research & development | $270 | $263 | $254 | |
| Selling, general & administrative | $468 | $440 | $421 | |
| Total operating expenses | $833 | $768 | $734 | $706 |
| Operating income | $236 | $279 | $297 | |
| Income from continuing operations | ||||
| EBIT | $281 | $468 | $289 | |
| Income tax expense | -$10 | $35 | $106 | $37 |
| Interest expense | -$44 | $82 | $81 | $76 |
| Net income | ||||
| Net income | -$40 | $164 | $281 | $176 |
| Income (for common shares) | $164 | $281 | $176 | |
| (in millions $) | 31 Jan 2024 | 31 Dec 2022 | 31 Jan 2022 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $12588 | $14189 | $11303 | |
| Cost of revenue | $9683 | $7772 | ||
| Gross Profit | $3931 | $4506 | $3531 | |
| Operating activities | ||||
| Research & development | $1047 | $1154 | ||
| Selling, general & administrative | $1898 | $1747 | ||
| Total operating expenses | $3041 | $2783 | $3082 | |
| Operating income | $1723 | $449 | ||
| Income from continuing operations | ||||
| EBIT | $2019 | $899 | ||
| Income tax expense | $168 | $411 | $111 | |
| Interest expense | -$130 | $292 | $276 | |
| Net income | ||||
| Net income | $581 | $1316 | $512 | |
| Income (for common shares) | $1316 | $512 | ||
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $164 | $281 | $176 | |
| Operating activities | ||||
| Depreciation | $340 | $343 | $341 | |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $57 | $59 | $52 | |
| Total cash flows from operations | $722 | $619 | -$49 | |
| Investing activities | ||||
| Capital expenditures | -$341 | -$388 | -$315 | |
| Investments | ||||
| Total cash flows from investing | -$1000 | -$255 | -$287 | -$228 |
| Financing activities | ||||
| Dividends paid | -$989 | -$246 | -$256 | -$239 |
| Sale and purchase of stock | $4 | $19 | $16 | |
| Net borrowings | -$101 | $934 | -$15 | |
| Total cash flows from financing | -$883 | -$356 | $84 | -$248 |
| Effect of exchange rate | -$14 | -$10 | -$24 | |
| Change in cash and equivalents | $108 | $101 | $392 | -$525 |
| (in millions $) | 31 Jan 2024 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $1316 | $1906 | $512 | |
| Operating activities | ||||
| Depreciation | $1452 | $1481 | $1520 | |
| Business acquisitions & disposals | $38 | $187 | $4 | |
| Stock-based compensation | $175 | $190 | $207 | |
| Total cash flows from operations | $2615 | $3412 | $2180 | |
| Investing activities | ||||
| Capital expenditures | -$1604 | -$1620 | -$1340 | |
| Investments | ||||
| Total cash flows from investing | -$1000 | -$1355 | -$1419 | -$1310 |
| Financing activities | ||||
| Dividends paid | -$989 | -$932 | -$871 | -$787 |
| Sale and purchase of stock | -$181 | -$177 | $19 | |
| Net borrowings | $40 | -$838 | $22 | |
| Total cash flows from financing | -$883 | -$1649 | -$2452 | -$729 |
| Effect of exchange rate | -$14 | -$88 | -$65 | $97 |
| Change in cash and equivalents | $108 | -$477 | -$524 | $238 |
News
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Roseburg High School hosts career day featuring Douglas Fast Net and affiliates
KPIC CBS 4
23 Apr 2024
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Where in Upstate New York were named best places to live nationally?
Gannett via AOL
17 Apr 2024
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Why Corning (GLW) is a Top Value Stock for the Long-Term
Zacks via Yahoo Finance
17 Apr 2024
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Weak Financial Prospects Seem To Be Dragging Down Corning Incorporated (NYSE:GLW) Stock
Simply Wall St. via Yahoo Finance
14 Apr 2024
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Obituaries in Corning, NY | The Leader
The Corning Leader
13 Apr 2024
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PionEar earns 3rd place in the 4th annual AHA! competition
Olean Times Herald
9 Apr 2024
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Beyond TSMC, Apple's supply chain will be disrupted by the Taiwan earthquake - iPhone Discussions on...
AppleInsider
3 Apr 2024
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Are Investors Undervaluing Corning Incorporated (NYSE:GLW) By 21%?
Simply Wall St. via Yahoo Finance
31 Mar 2024
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Obituaries in Corning, NY | The Leader
The Corning Leader
28 Mar 2024
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Working with robots isn’t a sci-fi career—here’s how to break into the field
Fortune
21 Mar 2024
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Fundamentals
| Market cap | $25.71B |
|---|---|
| Enterprise value | $31.45B |
| Shares outstanding | 820.00M |
| Revenue | $12.59B |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | $581.00M |
| Revenue Q/Q | -12.10% |
| Revenue Y/Y | N/A |
| P/E ratio | 44.25 |
|---|---|
| EV/Sales | 2.50 |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 2.04 |
| P/B ratio | 1.89 |
| Book/Share | 16.58 |
| Cash/Share | 2.17 |
| EPS | $0.71 |
|---|---|
| ROA | 2.03% |
| ROE | 5.02% |
| Debt/Equity | 1.47 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 1.67 |
| Quick ratio | 1.05 |