Corning Historical Balance Sheet

GLW Stock  USD 37.05  0.31  0.83%   
Trend analysis of Corning Incorporated balance sheet accounts such as Other Current Liabilities of 1.1 B or Total Current Liabilities of 4.5 B provides information on Corning Incorporated's total assets, liabilities, and equity, which is the actual value of Corning Incorporated to its prevalent stockholders. By breaking down trends over time using Corning Incorporated balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Covid
Financial Statement Analysis is much more than just reviewing and examining Corning Incorporated latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Corning Incorporated is a good buy for the upcoming year.

Corning Incorporated Inventory

2.8 Billion

  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.

About Corning Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Corning Incorporated at a specified time, usually calculated after every quarter, six months, or one year. Corning Incorporated Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Corning Incorporated and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Corning currently owns. An asset can also be divided into two categories, current and non-current.

Corning Incorporated Balance Sheet Chart

At this time, Corning Incorporated's Non Current Liabilities Total is fairly stable compared to the past year. Inventory is likely to climb to about 2.8 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 1.1 B in 2024.

Total Assets

Total assets refers to the total amount of Corning Incorporated assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Corning Incorporated books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Corning Incorporated balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Corning Incorporated are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.
Most accounts from Corning Incorporated's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Corning Incorporated current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.At this time, Corning Incorporated's Non Current Liabilities Total is fairly stable compared to the past year. Inventory is likely to climb to about 2.8 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 1.1 B in 2024.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total7.0B7.8B8.5B8.9B
Total Assets30.1B29.5B28.5B17.1B

Corning Incorporated balance sheet Correlations

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0.73-0.24-0.33-0.160.19-0.610.180.940.61-0.10.950.240.87-0.17-0.210.490.68-0.170.92-0.10.260.07-0.54-0.63-0.2
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0.010.90.790.82-0.610.620.56-0.740.160.38-0.760.43-0.620.860.880.01-0.840.86-0.330.310.340.560.860.420.78
0.670.830.550.850.180.960.560.10.720.540.00.82-0.040.870.850.64-0.550.870.480.40.560.790.59-0.060.69
0.56-0.38-0.54-0.310.940.05-0.740.10.42-0.080.980.110.82-0.32-0.360.460.67-0.320.84-0.040.1-0.1-0.62-0.55-0.34
0.990.490.480.550.610.770.160.720.420.360.360.850.280.570.520.71-0.050.570.830.040.580.760.3-0.640.32
0.30.470.410.48-0.10.510.380.54-0.080.36-0.190.59-0.320.540.470.66-0.550.530.150.150.090.420.570.00.19
0.51-0.43-0.56-0.360.95-0.01-0.760.00.980.36-0.190.020.89-0.37-0.410.350.77-0.370.8-0.10.08-0.17-0.71-0.5-0.34
0.80.660.630.680.240.830.430.820.110.850.590.02-0.160.770.680.73-0.480.760.570.030.60.850.63-0.410.35
0.4-0.34-0.49-0.290.870.0-0.62-0.040.820.28-0.320.89-0.16-0.33-0.320.150.84-0.320.65-0.060.09-0.25-0.77-0.27-0.16
0.470.980.790.93-0.170.910.860.87-0.320.570.54-0.370.77-0.330.970.39-0.721.00.160.290.570.760.810.140.78
0.410.980.80.97-0.210.890.880.85-0.360.520.47-0.410.68-0.320.970.34-0.710.980.110.380.50.770.80.210.88
0.730.310.170.380.490.580.010.640.460.710.660.350.730.150.390.34-0.130.390.70.110.420.560.25-0.440.11
0.08-0.73-0.65-0.660.68-0.49-0.84-0.550.67-0.05-0.550.77-0.480.84-0.72-0.71-0.13-0.720.38-0.28-0.17-0.55-0.9-0.33-0.51
0.470.980.810.96-0.170.920.860.87-0.320.570.53-0.370.76-0.321.00.980.39-0.720.160.330.530.780.810.150.81
0.910.07-0.030.160.920.49-0.330.480.840.830.150.80.570.650.160.110.70.380.16-0.010.40.4-0.19-0.680.03
0.030.40.010.43-0.10.350.310.4-0.040.040.15-0.10.03-0.060.290.380.11-0.280.33-0.01-0.060.130.260.250.57
0.550.530.280.410.260.540.340.560.10.580.090.080.60.090.570.50.42-0.170.530.4-0.060.40.31-0.140.29
0.680.70.780.810.070.820.560.79-0.10.760.42-0.170.85-0.250.760.770.56-0.550.780.40.130.40.67-0.320.56
0.160.790.840.78-0.540.590.860.59-0.620.30.57-0.710.63-0.770.810.80.25-0.90.81-0.190.260.310.670.120.59
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0.240.860.60.86-0.20.750.780.69-0.340.320.19-0.340.35-0.160.780.880.11-0.510.810.030.570.290.560.590.34
Click cells to compare fundamentals

Corning Incorporated Account Relationship Matchups

Corning Incorporated balance sheet Accounts

201920202021202220232024 (projected)
Total Assets28.9B30.8B30.1B29.5B28.5B17.1B
Short Long Term Debt Total7.7B8.0B7.0B7.8B8.5B8.9B
Other Current Liab1.8B2.1B2.8B2.8B2.1B1.1B
Total Current Liabilities3.5B3.8B4.8B5.2B4.3B4.5B
Total Stockholder Equity12.9B13.3B12.3B12.0B11.6B9.6B
Property Plant And Equipment Net15.3B15.8B15.8B16.2B15.5B16.3B
Net Debt5.3B5.3B4.9B6.1B6.7B7.0B
Retained Earnings16.4B16.1B16.4B16.8B16.4B17.2B
Cash2.4B2.7B2.1B1.7B1.8B1.9B
Non Current Assets Total21.4B22.8B22.5B22.0B21.3B12.0B
Non Currrent Assets Other1.5B1.7B1.7B977M923M1.0B
Cash And Short Term Investments2.4B2.7B2.1B1.7B1.8B2.3B
Net Receivables1.8B2.1B2.0B1.7B1.6B1.1B
Common Stock Shares Outstanding899M772M844M857M859M1.2B
Liabilities And Stockholders Equity28.9B30.8B30.1B29.5B28.5B17.1B
Non Current Liabilities Total12.4B13.6B12.8B12.0B12.3B12.9B
Inventory2.3B2.4B2.5B2.9B2.7B2.8B
Other Current Assets873M761M1.0B703M694M493.1M
Other Stockholder Equity(5.5B)(5.3B)(3.8B)(3.9B)(3.7B)(3.5B)
Total Liab15.9B17.3B17.6B17.2B16.6B17.5B
Total Current Assets7.5B8.0B7.7B7.5B7.2B5.1B
Short Term Debt11M158M55M335M432M453.6M
Intangible Assets1.2B1.3B1.1B1.0B905M1.0B
Accounts Payable1.6B1.2B1.6B1.8B1.5B806.0M
Good Will1.9B2.5B2.4B2.4B2.4B1.7B
Common Stock Total Equity859M863M907M910M819M1.2B
Property Plant And Equipment Gross15.8B16.4B15.8B30.4B30.1B31.6B
Accumulated Other Comprehensive Income(1.2B)(740M)(1.2B)(1.8B)(2.0B)(1.9B)
Common Stock859M863M907M910M916M982.3M
Other Liab4.2B5.7B5.8B4.6B5.3B2.9B
Other Assets2.1B3.3B3.1B3.3B3.7B2.3B
Long Term Debt7.7B7.8B7.0B6.7B7.2B4.4B
Treasury Stock(19.8B)(19.9B)(20.3B)(20.5B)(18.5B)(17.6B)
Property Plant Equipment15.3B15.7B15.8B15.4B17.7B10.6B
Current Deferred Revenue104M363M371M276M329M433.7M
Net Tangible Assets10.6B11.0B8.8B8.6B7.7B11.7B
Noncontrolling Interest In Consolidated Entity90M191M212M267M307.1M322.4M
Retained Earnings Total Equity16.4B16.1B16.4B16.8B19.3B14.4B

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Additional Tools for Corning Stock Analysis

When running Corning Incorporated's price analysis, check to measure Corning Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.