Corning is headquartered in Corning, US

Chairman and Chief Executive Officer

President

Executive Vice President & Corning Innovation Officer

Senior Vice President & Chief Administrative Officer

Executive Vice President, Corning Optical Communications

Executive Vice President, Corning Technologies & International

Executive Vice President & Chief Technology Officer

Senior Vice President & Chief Strategy Officer

Vice Chairman & Corporate Development Officer

Corning has offices in Corning, Horseheads, Painted Post, Canton and in 4 other locations

Corning, US (HQ)

1 Riverfront Plaza

Painted Post, US

Science Center Rd

Painted Post, US

905 Addison Rd

Fairport, US

60 O'connor Rd

Big Flats, US

County Rd 64

Corning, US

Houghton Cir

Corning's revenue was reported to be $2.4 b in Q1, 2017

USD

## Revenue (Q1, 2017) | 2.4 b |

## Gross profit (Q1, 2017) | 957 m |

## Gross profit margin (Q1, 2017), % | 40% |

## Net income (Q1, 2017) | 86 m |

## EBIT (Q1, 2017) | 424 m |

## Market capitalization (25-Jul-2017) | 39.5 b |

## Cash (31-Mar-2017) | 4.8 b |

Corning's current market capitalization is $39.5 b.

- Source: SEC FIlings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 7.8 b | 9.7 b | 9.1 b | 9.4 b |

## Revenue growth, % | 24% | (6%) | 3% | |

## Cost of goods sold | 4.5 b | 5.7 b | 5.5 b | 5.6 b |

## Gross profit | 3.3 b | 4.1 b | 3.7 b | 3.7 b |

## Gross profit Margin, % | 43% | 42% | 40% | 40% |

## General and administrative expense | 1.5 b | |||

## Operating expense total | 1.5 b | |||

## EBIT | 1.4 b | 1.9 b | 1.3 b | 1.4 b |

## EBIT margin, % | 18% | 20% | 15% | 15% |

## Interest expense | 120 m | 123 m | 140 m | 159 m |

## Interest income | 8 m | 26 m | 21 m | 32 m |

## Pre tax profit | 2.5 b | 3.6 b | 1.5 b | 3.7 b |

## Income tax expense | 512 m | 1.1 b | 147 m | |

## Net Income | 2 b | 2.5 b | 1.3 b | 3.7 b |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 2.3 b | 2.3 b | 2 b | 2.4 b | 2.5 b | 2.4 b | |||

## Cost of goods sold | 1.4 b | 1.4 b | 1.3 b | 1.4 b | 1.5 b | 1.4 b | |||

## Gross profit | 975 m | 892 m | 764 m | 951 m | 1 b | 957 m | |||

## Gross profit Margin, % | 42% | 39% | 37% | 40% | 42% | 40% | |||

## General and administrative expense | 337 m | 307 m | 303 m | 499 m | 302 m | 316 m | |||

## Operating expense total | 337 m | 307 m | 303 m | 499 m | 302 m | 316 m | |||

## EBIT | 431 m | 392 m | 177 m | 247 m | 535 m | 424 m | |||

## EBIT margin, % | 18% | 17% | 9% | 10% | 21% | 18% | |||

## Interest expense | (33 m) | (38 m) | (41 m) | (40 m) | (41 m) | (37 m) | |||

## Interest income | 5 m | 6 m | 6 m | 6 m | 9 m | 12 m | |||

## Pre tax profit | 606 m | 218 m | (672 m) | 1.7 b | 257 m | 20 m | |||

## Income tax expense | (110 m) | (6 m) | 27 m | 66 m | |||||

## Net Income | 470 m | 1.5 b | 407 m | 903 m | 1.1 b | (368 m) | 1.8 b | 2.1 b | 86 m |

- Source: SEC FIlings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 4.7 b | 5.3 b | 4.5 b | 5.3 b |

## Inventories | 1.3 b | 1.3 b | 1.4 b | 1.5 b |

## Current Assets | 8.9 b | 10.2 b | 8.3 b | 9 b |

## Total Assets | 28.5 b | 30.1 b | 28.5 b | 27.9 b |

## Accounts Payable | 771 m | 997 m | 934 m | 1.1 b |

## Total Debt | 3.3 b | 3.3 b | 4.5 b | 3.9 b |

## Current Liabilities | 1.7 b | 2.3 b | 2.8 b | 2.8 b |

## Total Liabilities | 9.9 b | |||

## Additional Paid-in Capital | 13.1 b | 13.5 b | 13.4 b | 13.7 b |

## Retained Earnings | 11.3 b | 13 b | 13.8 b | 16.9 b |

## Total Equity | 21.2 b | 21.7 b | 18.9 b | 18 b |

## Debt to Equity Ratio | 0.2 x | 0.2 x | 0.2 x | 0.2 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.2 x | 0.1 x |

## Financial Leverage | 1.3 x | 1.4 x | 1.5 x | 1.6 x |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Cash | 5 b | 4.4 b | 3.5 b | 7.1 b | 4.8 b | 4.8 b |

## Current Assets | 9.9 b | 9.3 b | 7.2 b | 10.7 b | 8.5 b | 8.7 b |

## Total Assets | 29.9 b | 28.9 b | 27.9 b | 30.7 b | 28.8 b | 28.3 b |

## Accounts Payable | 930 m | 909 m | 836 m | 938 m | 933 m | 1 b |

## Current Liabilities | 2 b | 2 b | 2.6 b | 2.4 b | 2.3 b | 2.4 b |

## Retained Earnings | 13.7 b | 13.8 b | 13.3 b | 15.3 b | 15.5 b | 17 b |

## Total Equity | 21.1 b | 20.1 b | 18 b | 19.7 b | 17.8 b | 18.4 b |

## Financial Leverage | 1.4 x | 1.4 x | 1.6 x | 1.6 x | 1.6 x | 1.5 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 2 b | 2.5 b | 1.3 b | 3.7 b |

## Depreciation and Amortization | 64 m | |||

## Accounts Receivable | (29 m) | (16 m) | 162 m | (106 m) |

## Inventories | (247 m) | 2 m | (77 m) | (68 m) |

## Accounts Payable | (23 m) | (3 m) | (146 m) | 243 m |

## Cash From Operating Activities | 2.8 b | 4.7 b | 2.8 b | 2.5 b |

## Capital Expenditures | (1 b) | (1.1 b) | (1.3 b) | (1.1 b) |

## Cash From Investing Activities | (1 b) | (962 m) | (685 m) | 3.7 b |

## Dividends Paid | (566 m) | (591 m) | (679 m) | (645 m) |

## Cash From Financing Activities | (2.1 b) | (2.6 b) | (2.6 b) | (5.3 b) |

## Free Cash Flow | 3.8 b | 5.8 b | 4.1 b | 1.4 b |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 470 m | 1.5 b | 407 m | 903 m | 1.1 b | (368 m) | 1.8 b | 2.1 b | 86 m |

## Depreciation and Amortization | 583 m | 877 m | 279 m | 562 m | 842 m | 281 m | 561 m | 844 m | 260 m |

## Accounts Receivable | (11 m) | (63 m) | 35 m | (25 m) | 52 m | 21 m | (103 m) | (184 m) | (54 m) |

## Inventories | 13 m | 27 m | (1 m) | (54 m) | (60 m) | (42 m) | (66 m) | (69 m) | (49 m) |

## Accounts Payable | (384 m) | (339 m) | (314 m) | (191 m) | (294 m) | (293 m) | (115 m) | 14 m | (230 m) |

## Cash From Operating Activities | 2.5 b | 3.6 b | 601 m | 1.1 b | 1.8 b | (83 m) | 443 m | 1.1 b | 191 m |

## Capital Expenditures | (478 m) | (740 m) | (333 m) | (641 m) | (939 m) | (270 m) | (533 m) | (815 m) | (364 m) |

## Cash From Investing Activities | (583 m) | (753 m) | (713 m) | (623 m) | (822 m) | (76 m) | 4.2 b | 4 b | (326 m) |

## Dividends Paid | (287 m) | (439 m) | (177 m) | (350 m) | (519 m) | (173 m) | (340 m) | (493 m) | (168 m) |

## Cash From Financing Activities | (574 m) | (609 m) | (1.6 b) | (913 m) | (2.1 b) | (4.9 b) | (388 m) | ||

## Free Cash Flow | 2 b | 2.9 b | 268 m | 507 m | 906 m | (353 m) | (90 m) | 280 m | (173 m) |

Y, 2017 | |
---|---|

## Financial Leverage | 1.5 x |

Corning's Patent Applications was reported to be 10.5 k in FY, 2016, which is a 15% increase from the previous period

Source: 24 public H-1B filings from Corning