Corning (GLW) stock price, revenue, and financials

Corning market cap is $20.3 b, and annual revenue was $11.50 b in FY 2019

$20.3 B

GLW Mkt cap, 13-Jul-2020

$2.4 B

Corning Revenue Q1, 2020
Corning Gross profit (Q1, 2020)561 M
Corning Gross profit margin (Q1, 2020), %23.5%
Corning Net income (Q1, 2020)-96 M
Corning EBIT (Q1, 2020)-121 M
Corning Cash, 31-Mar-20202 B
Corning EV26.1 B

Corning Revenue

Corning revenue was $11.50 b in FY, 2019

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Corning Revenue Breakdown

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Corning revenue breakdown by business segment: 28.7% from Display Technologies, 36.8% from Optical Communications, 11.3% from Environmental Technologies, 13.0% from Specialty Materials, 8.3% from Life Sciences and 1.9% from Other

Corning revenue breakdown by geographic segment: 50.4% from Asia Pacific, 34.4% from North America, 11.9% from Europe and 3.3% from Other

Corning Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.4b10.1b11.3b11.5b

Revenue growth, %

3%8%12%

Cost of goods sold

5.6b6.1b6.8b7.5b

Gross profit

3.7b4.0b4.5b4.0b

Gross profit Margin, %

40%40%40%35%

R&D expense

742.0m860.0m993.0m1.0b

General and administrative expense

1.5b1.5b1.8b1.6b

Operating expense total

2.4b2.4b2.9b2.7b

Depreciation and amortization

64.0m75.0m94.0m113.0m

EBIT

1.4b1.6b1.6b1.3b

EBIT margin, %

15%16%14%11%

Interest expense

159.0m155.0m191.0m248.0m

Interest income

32.0m45.0m38.0m21.0m

Investment income

284.0m361.0m390.0m17.0m

Pre tax profit

3.7b1.7b1.5b1.2b

Income tax expense

(3.0m)2.2b437.0m256.0m

Net Income

3.7b(497.0m)1.1b960.0m

Corning Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

5.3b4.3b2.4b2.4b

Accounts Receivable

1.5b1.8b1.9b1.8b

Prepaid Expenses

873.0m

Inventories

1.5b1.7b2.0b2.3b

Current Assets

9.0b8.8b7.0b7.5b

PP&E

12.5b14.0b14.9b15.3b

Goodwill

1.6b1.7b1.9b1.9b

Total Assets

27.9b27.5b27.5b28.9b

Accounts Payable

1.1b1.4b1.5b1.6b

Short-term debt

256.0m379.0m4.0m11.0m

Current Liabilities

2.8b3.2b3.3b3.5b

Long-term debt

3.6b4.7b6.0b7.7b

Total Debt

3.9b5.1b6.0b7.7b

Total Liabilities

9.9b11.7b13.6b15.9b

Common Stock

846.0m854.0m857.0m859.0m

Preferred Stock

2.3b2.3b2.3b2.3b

Additional Paid-in Capital

13.7b14.1b14.2b14.3b

Retained Earnings

16.9b15.9b16.3b16.4b

Total Equity

18.0b15.8b13.9b13.0b

Debt to Equity Ratio

0.2 x0.3 x0.4 x

Debt to Assets Ratio

0.1 x0.2 x0.2 x

Financial Leverage

1.6 x1.7 x2 x2.2 x

Corning Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

3.7b(497.0m)1.1b960.0m

Depreciation and Amortization

1.2b1.2b1.3b1.5b

Accounts Receivable

(106.0m)(225.0m)(154.0m)48.0m

Inventories

(68.0m)(170.0m)(346.0m)(298.0m)

Accounts Payable

243.0m169.0m358.0m36.0m

Cash From Operating Activities

2.5b2.0b2.9b2.0b

Capital Expenditures

(1.1b)(1.8b)(2.2b)(2.0b)

Cash From Investing Activities

3.7b(1.7b)(2.9b)(1.9b)

Short-term Borrowings

(85.0m)(252.0m)(629.0m)

Long-term Borrowings

(488.0m)(7.0m)

Dividends Paid

(645.0m)(651.0m)(685.0m)(625.0m)

Cash From Financing Activities

(5.3b)(1.6b)(2.0b)(47.0m)

Net Change in Cash

791.0m(974.0m)(2.0b)79.0m

Free Cash Flow

1.4b200.0m677.0m53.0m

Corning Ratios

USDFY, 2016

Revenue/Employee

230.7k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x

Corning Operating Metrics

FY, 2016FY, 2017FY, 2018

Manufacturing Facilities

98 105 108

Manufacturing Space, sq. ft.

31.60 m32.60 m35.50 m

Patents Issued

9.66 k10.90 k11.60 k

Patents (US)

3.84 k4.56 k4.40 k

Patent Applications

10.50 k10.30 k10.30 k

Patent Applications (US)

2.50 k2.28 k2.50 k

Patents (Display Technologies)

1.70 k1.90 k1.70 k

Patents (Display Technologies, US)

370 40 340

Patents (Optical Communications)

3.50 k4.20 k5.06 k

Patents (Optical Communications, US)

1.60 k1.90 k2.34 k

Patents (Environmental Technologies)

800 900 1.10 k

Patents (Environmental Technologies, US)

320 350 380

Patents (Specialty Materials)

920 1.20 k1.60 k

Patents (Specialty Materials, US)

430 590 680

Patents (Life Sciences)

600 570 560

Patents (Life Sciences, US)

240 240 240

Countries

17 15 15

Corning Employee Rating

3.71014 votes
Culture & Values
3.6
Work/Life Balance
3.6
Senior Management
3.2
Salary & Benefits
3.7
Career Opportunities
3.3
Source