Corning Historical Income Statement

GLW Stock  USD 32.96  0.06  0.18%   
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.
 
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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.
  
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 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.

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 Profit5.1B4.5B3.9B2.7B
Total Revenue14.1B14.2B12.6B6.9B

Corning Incorporated income statement Correlations

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0.13-0.270.080.4-0.070.780.87-0.11-0.070.840.640.620.46-0.31-0.010.110.53-0.290.430.040.440.41-0.43-0.28
0.43-0.230.360.630.220.90.87-0.010.220.830.590.60.53-0.010.230.30.39-0.370.230.120.250.39-0.32-0.57
0.790.960.820.680.850.2-0.11-0.010.83-0.1-0.33-0.1-0.090.810.83-0.41-0.39-0.73-0.660.09-0.79-0.830.810.4
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0.15-0.180.060.26-0.030.50.620.6-0.1-0.040.870.88-0.2-0.17-0.070.070.6-0.180.17-0.520.250.24-0.3-0.26
0.14-0.250.140.320.060.550.460.53-0.090.070.30.09-0.2-0.050.080.22-0.25-0.190.120.850.050.42-0.35-0.38
0.860.750.90.730.940.22-0.31-0.010.810.95-0.17-0.36-0.17-0.050.87-0.16-0.53-0.58-0.750.16-0.79-0.60.60.21
0.920.750.930.830.950.34-0.010.230.830.970.0-0.23-0.070.080.870.05-0.46-0.75-0.60.14-0.68-0.540.610.19
-0.06-0.45-0.14-0.03-0.150.020.110.3-0.41-0.010.120.230.070.22-0.160.05-0.09-0.010.120.010.220.56-0.29-0.59
-0.27-0.41-0.33-0.19-0.40.220.530.39-0.39-0.480.440.450.6-0.25-0.53-0.46-0.090.350.74-0.60.670.2-0.28-0.24
-0.72-0.64-0.7-0.76-0.66-0.46-0.29-0.37-0.73-0.73-0.29-0.08-0.18-0.19-0.58-0.75-0.010.350.55-0.150.480.32-0.37-0.13
-0.55-0.64-0.58-0.48-0.62-0.040.430.23-0.66-0.690.210.310.170.12-0.75-0.60.120.740.55-0.230.820.42-0.51-0.19
0.130.010.180.240.150.280.040.120.090.17-0.08-0.27-0.520.850.160.140.01-0.6-0.15-0.23-0.280.16-0.11-0.13
-0.6-0.79-0.66-0.47-0.710.010.440.25-0.79-0.720.250.360.250.05-0.79-0.680.220.670.480.82-0.280.67-0.74-0.27
-0.46-0.92-0.52-0.25-0.590.220.410.39-0.83-0.520.410.50.240.42-0.6-0.540.560.20.320.420.160.67-0.91-0.57
0.490.860.520.280.59-0.21-0.43-0.320.810.56-0.45-0.57-0.3-0.350.60.61-0.29-0.28-0.37-0.51-0.11-0.74-0.910.32
-0.010.560.11-0.060.16-0.35-0.28-0.570.40.13-0.36-0.33-0.26-0.380.210.19-0.59-0.24-0.13-0.19-0.13-0.27-0.570.32
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Corning Incorporated Account Relationship Matchups

Corning Incorporated income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization1.4B1.5B1.7B1.8B1.4B781.6M
Interest Expense221M276M300M292M329M345.5M
Total Revenue11.5B11.3B14.1B14.2B12.6B6.9B
Gross Profit4.0B3.5B5.1B4.5B3.9B2.7B
Other Operating Expenses10.2B10.8B12.0B12.8B11.6B6.0B
Operating Income1.3B509M2.1B1.4B890M608.9M
Ebit1.3B509M2.1B1.4B890M1.5B
Ebitda2.7B2.0B3.8B3.2B890M845.5M
Cost Of Revenue7.5B7.8B9.0B9.7B8.7B9.1B
Total Operating Expenses2.7B3.0B3.0B3.1B2.9B1.8B
Income Before Tax1.2B623M2.4B1.8B816M895.7M
Total Other Income Expense Net(90M)114M285M359M(74M)(70.3M)
Net Income960M512M1.9B1.3B581M840.4M
Income Tax Expense256M111M491M411M(168M)(159.6M)
Selling General Administrative1.6B1.7B1.8B1.9B1.8B1.2B
Research Development1.0B1.2B995M1.0B1.1B721.4M
Net Income Applicable To Common Shares960M512M1.1B1.3B1.2B1.4B
Minority Interest90M191M(29M)(70M)(67M)(63.7M)
Net Income From Continuing Ops960M512M1.9B1.4B648M1.2B
Non Operating Income Net Other(117M)428M231M300M270M256.5M
Tax Provision256M111M491M411M168M159.6M
Interest Income45M38M21M15M11M42.7M
Net Interest Income(200M)(261M)(289M)(277M)(291M)(305.6M)
Reconciled Depreciation1.5B1.5B1.5B1.5B1.4B1.5B

Corning Incorporated Investors Sentiment

The influence of Corning Incorporated's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Corning. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Corning Incorporated's public news can be used to forecast risks associated with an investment in Corning. The trend in average sentiment can be used to explain how an investor holding Corning can time the market purely based on public headlines and social activities around Corning Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Corning Incorporated's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Corning Incorporated's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Corning Incorporated's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Corning Incorporated.

Corning Incorporated Implied Volatility

    
  14.52  
Corning Incorporated's implied volatility exposes the market's sentiment of Corning Incorporated stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Corning Incorporated's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Corning Incorporated stock will not fluctuate a lot when Corning Incorporated's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Corning Incorporated in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Corning Incorporated's short interest history, or implied volatility extrapolated from Corning Incorporated options trading.

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When determining whether Corning Incorporated is a strong investment it is important to analyze Corning Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Corning Incorporated's future performance. For an informed investment choice regarding Corning Stock, refer to the following important reports:
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.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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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.