Corning Historical Income Statement
| GLW Stock | USD 31.52 0.01 0.03% |
Historical analysis of Corning Incorporated income statement accounts such as Total Revenue of 6.9 B or Gross Profit of 2.7 B can show how well Corning Incorporated performed in making a profits. Evaluating Corning Incorporated income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Corning Incorporated's future profits or losses.
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.
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About Corning Income Statement Analysis
Corning Incorporated Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Corning Incorporated shareholders. The income statement also shows Corning investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Corning Incorporated Income Statement Chart
Corning Incorporated Income Statement is one of the three primary financial statements used for reporting Corning's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Corning Incorporated revenue and expense. Corning Incorporated Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Corning Incorporated's Interest Expense is fairly stable compared to the past year. EBIT is likely to climb to about 1.5 B in 2024, whereas Total Revenue is likely to drop slightly above 6.9 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Corning Incorporated generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Corning Incorporated minus its cost of goods sold. It is profit before Corning Incorporated operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Corning Incorporated. It is also known as Corning Incorporated overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Corning Incorporated operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Corning Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Corning Incorporated's income statement are interrelated and interconnected. However, analyzing income statement 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 income statement 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 Interest Expense is fairly stable compared to the past year. EBIT is likely to climb to about 1.5 B in 2024, whereas Total Revenue is likely to drop slightly above 6.9 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.1B | 4.5B | 3.9B | 2.7B | Total Revenue | 14.1B | 14.2B | 12.6B | 6.9B |
Corning Incorporated income statement Correlations
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Corning Incorporated Account Relationship Matchups
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Corning Incorporated income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.4B | 1.5B | 1.7B | 1.8B | 1.4B | 781.6M | |
| Interest Expense | 221M | 276M | 300M | 292M | 329M | 345.5M | |
| Total Revenue | 11.5B | 11.3B | 14.1B | 14.2B | 12.6B | 6.9B | |
| Gross Profit | 4.0B | 3.5B | 5.1B | 4.5B | 3.9B | 2.7B | |
| Other Operating Expenses | 10.2B | 10.8B | 12.0B | 12.8B | 11.6B | 6.0B | |
| Operating Income | 1.3B | 509M | 2.1B | 1.4B | 890M | 608.9M | |
| Ebit | 1.3B | 509M | 2.1B | 1.4B | 890M | 1.5B | |
| Ebitda | 2.7B | 2.0B | 3.8B | 3.2B | 890M | 845.5M | |
| Cost Of Revenue | 7.5B | 7.8B | 9.0B | 9.7B | 8.7B | 9.1B | |
| Total Operating Expenses | 2.7B | 3.0B | 3.0B | 3.1B | 2.9B | 1.8B | |
| Income Before Tax | 1.2B | 623M | 2.4B | 1.8B | 816M | 895.7M | |
| Total Other Income Expense Net | (90M) | 114M | 285M | 359M | (74M) | (70.3M) | |
| Net Income | 960M | 512M | 1.9B | 1.3B | 581M | 840.4M | |
| Income Tax Expense | 256M | 111M | 491M | 411M | (168M) | (159.6M) | |
| Selling General Administrative | 1.6B | 1.7B | 1.8B | 1.9B | 1.8B | 1.2B | |
| Research Development | 1.0B | 1.2B | 995M | 1.0B | 1.1B | 721.4M | |
| Net Income Applicable To Common Shares | 960M | 512M | 1.1B | 1.3B | 1.2B | 1.4B | |
| Minority Interest | 90M | 191M | (29M) | (70M) | (67M) | (63.7M) | |
| Net Income From Continuing Ops | 960M | 512M | 1.9B | 1.4B | 648M | 1.2B | |
| Non Operating Income Net Other | (117M) | 428M | 231M | 300M | 270M | 256.5M | |
| Tax Provision | 256M | 111M | 491M | 411M | 168M | 159.6M | |
| Interest Income | 45M | 38M | 21M | 15M | 11M | 42.7M | |
| Net Interest Income | (200M) | (261M) | (289M) | (277M) | (291M) | (305.6M) | |
| Reconciled Depreciation | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | 1.5B |
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Try AI Portfolio ArchitectCheck 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.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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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.
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Is Corning Incorporated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corning Incorporated. If investors know Corning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corning Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 1.12 | Earnings Share 0.68 | Revenue Per Share 14.844 | Quarterly Revenue Growth (0.12) |
The market value of Corning Incorporated is measured differently than its book value, which is the value of Corning that is recorded on the company's balance sheet. Investors also form their own opinion of Corning Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Corning Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corning Incorporated's market value can be influenced by many factors that don't directly affect Corning Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corning Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corning Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.