$25.4 B

GLW Mkt cap, 11-Oct-2018

$5.2 B

Corning Revenue Q2, 2018
Corning Gross profit (Q2, 2018)2 B
Corning Gross profit margin (Q2, 2018), %38.6%
Corning EBIT (Q2, 2018)589 M
Corning Cash, 30-Jun-20182 B
Corning EV28.5 B

Corning Revenue

Corning revenue was $10.12 b in FY, 2017 which is a 7.7% year over year increase from the previous period.

Embed Graph

Corning Revenue Breakdown

Embed Graph

Corning revenue breakdown by business segment: 8.7% from Life Sciences, 13.9% from Specialty Materials, 10.9% from Environmental Technologies, 35.0% from Optical Communications, 29.6% from Display Technologies and 1.8% from Other

Corning revenue breakdown by geographic segment: 11.1% from Europe, 34.2% from North America, 51.4% from Asia Pacific and 3.3% from Other

Corning Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

7.8b9.7b9.1b9.4b10.1b

Revenue growth, %

24%(6%)3%8%

Cost of goods sold

4.5b5.7b5.5b5.6b6.1b

Gross profit

3.3b4.1b3.7b3.7b4.0b

Gross profit Margin, %

43%42%40%40%40%

R&D expense

769.0m742.0m860.0m

General and administrative expense

1.5b1.5b1.5b

Operating expense total

2.3b2.4b2.4b

EBIT

1.4b1.9b1.3b1.4b1.6b

EBIT margin, %

18%20%15%15%16%

Interest expense

120.0m123.0m140.0m159.0m155.0m

Interest income

8.0m26.0m21.0m32.0m45.0m

Pre tax profit

2.5b3.6b1.5b3.7b1.7b

Income tax expense

512.0m1.1b147.0m(3.0m)2.2b

Net Income

2.0b2.5b1.3b3.7b(497.0m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Revenue

2.3b2.3b2.0b2.4b2.5b2.4b2.5b2.6b5.2b

Cost of goods sold

1.4b1.4b1.3b1.4b1.5b1.4b1.5b1.6b3.2b

Gross profit

975.0m892.0m764.0m951.0m1.0b957.0m985.0m1.1b2.0b

Gross profit Margin, %

42%39%37%40%42%40%39%41%39%

General and administrative expense

337.0m307.0m303.0m499.0m302.0m316.0m379.0m372.0m913.0m

Operating expense total

337.0m307.0m303.0m499.0m302.0m316.0m379.0m372.0m913.0m

Depreciation and amortization

41.0m

EBIT

431.0m392.0m177.0m247.0m535.0m424.0m381.0m453.0m589.0m

EBIT margin, %

18%17%9%10%21%18%15%17%11%

Interest expense

33.0m38.0m41.0m40.0m41.0m37.0m38.0m37.0m95.0m

Interest income

5.0m6.0m6.0m6.0m9.0m12.0m11.0m10.0m22.0m

Pre tax profit

606.0m218.0m(672.0m)1.7b257.0m20.0m592.0m479.0m399.0m

Income tax expense

(110.0m)(6.0m)27.0m66.0m(153.0m)(89.0m)(250.0m)

Net Income

470.0m1.5b407.0m903.0m1.1b(368.0m)1.8b2.1b86.0m

Corning Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

4.7b5.3b4.5b5.3b4.3b

Accounts Receivable

1.5b1.8b

Inventories

1.3b1.3b1.4b1.5b1.7b

Current Assets

8.9b10.2b8.3b9.0b8.8b

PP&E

12.5b14.0b

Goodwill

1.6b1.7b

Total Assets

28.5b30.1b28.5b27.9b27.5b

Accounts Payable

771.0m997.0m934.0m1.1b1.4b

Short-term debt

21.0m36.0m572.0m256.0m379.0m

Current Liabilities

1.7b2.3b2.8b2.8b3.2b

Long-term debt

3.3b3.2b3.9b3.6b4.7b

Total Debt

3.3b3.3b4.5b3.9b5.1b

Total Liabilities

9.9b11.7b

Common Stock

846.0m854.0m

Preferred Stock

2.3b2.3b

Additional Paid-in Capital

13.1b13.5b13.4b13.7b14.1b

Retained Earnings

11.3b13.0b13.8b16.9b15.9b

Total Equity

21.2b21.7b18.9b18.0b15.8b

Debt to Equity Ratio

0.2 x0.2 x0.2 x0.2 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x0.1 x0.2 x

Financial Leverage

1.3 x1.4 x1.5 x1.6 x1.7 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

5.0b4.4b3.5b7.1b4.8b4.8b4.2b3.9b3.1b2.0b

Current Assets

9.9b9.3b7.2b10.7b8.5b8.7b8.4b8.3b7.7b6.5b

Total Assets

29.9b28.9b27.9b30.7b28.8b28.3b27.8b28.1b26.8b26.1b

Accounts Payable

930.0m909.0m836.0m938.0m933.0m1.0b1.1b1.2b1.2b1.1b

Short-term debt

102.0m101.0m

Current Liabilities

2.0b2.0b2.6b2.4b2.3b2.4b2.8b3.1b3.0b2.9b

Long-term debt

3.9b3.9b3.9b3.9b3.9b3.7b3.3b4.0b4.8b5.1b

Total Debt

4.0b4.0b3.9b3.9b3.9b3.7b3.3b4.0b4.8b5.1b

Total Liabilities

8.8b8.8b10.0b11.0b11.0b9.9b9.8b10.7b12.3b12.2b

Retained Earnings

13.7b13.8b13.3b15.3b15.5b17.0b17.3b17.5b15.2b15.7b

Total Equity

21.1b20.1b18.0b19.7b17.8b18.4b18.1b17.4b14.5b14.0b

Debt to Equity Ratio

0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.3 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.2 x0.2 x

Financial Leverage

1.4 x1.4 x1.6 x1.6 x1.6 x1.5 x1.5 x1.6 x1.9 x1.9 x

Corning Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.0b2.5b1.3b3.7b(497.0m)

Depreciation and Amortization

1.2b1.2b1.2b

Accounts Receivable

(29.0m)(16.0m)162.0m(106.0m)(225.0m)

Inventories

(247.0m)2.0m(77.0m)(68.0m)(170.0m)

Accounts Payable

(23.0m)(3.0m)(126.0m)259.0m169.0m

Cash From Operating Activities

2.8b4.7b2.8b2.5b2.0b

Cash From Investing Activities

(1.0b)(962.0m)(685.0m)3.7b(1.7b)

Short-term Borrowings

469.0m(566.0m)(252.0m)

Long-term Borrowings

(6.0m)(7.0m)(7.0m)

Dividends Paid

(566.0m)(591.0m)(679.0m)(645.0m)(651.0m)

Cash From Financing Activities

(2.1b)(2.6b)(2.6b)(5.3b)(1.6b)

Net Change in Cash

(809.0m)791.0m(974.0m)

Free Cash Flow

1.8b3.6b1.6b1.4b200.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

1.5b301.0m470.0m1.5b407.0m903.0m1.1b(368.0m)1.8b2.1b86.0m525.0m915.0m(589.0m)149.0m

Depreciation and Amortization

730.0m289.0m583.0m877.0m279.0m562.0m842.0m281.0m561.0m844.0m260.0m523.0m799.0m304.0m604.0m

Accounts Receivable

(139.0m)21.0m(11.0m)(63.0m)35.0m(25.0m)52.0m21.0m(103.0m)(184.0m)(54.0m)(98.0m)(190.0m)94.0m(41.0m)

Inventories

(238.0m)(3.0m)13.0m27.0m(1.0m)(54.0m)(60.0m)(42.0m)(66.0m)(69.0m)(49.0m)(110.0m)(166.0m)(98.0m)(193.0m)

Accounts Payable

(278.0m)(413.0m)(384.0m)(339.0m)(314.0m)(191.0m)(294.0m)(293.0m)(115.0m)14.0m(230.0m)(317.0m)(123.0m)(162.0m)(146.0m)

Cash From Operating Activities

1.5b1.7b2.5b3.6b601.0m1.1b1.8b(83.0m)443.0m1.1b191.0m471.0m1.1b320.0m1.0b

Cash From Investing Activities

(575.0m)(301.0m)(583.0m)(753.0m)(713.0m)(623.0m)(822.0m)(76.0m)4.2b4.0b(326.0m)(634.0m)(1.2b)(644.0m)(1.8b)

Dividends Paid

(426.0m)(136.0m)(287.0m)(439.0m)(177.0m)(350.0m)(519.0m)(173.0m)(340.0m)(493.0m)(168.0m)(333.0m)(493.0m)(177.0m)(348.0m)

Cash From Financing Activities

(1.3b)(574.0m)(609.0m)(1.6b)(913.0m)(2.1b)(4.9b)(388.0m)(1.1b)(1.6b)(959.0m)(1.6b)

Free Cash Flow

821.0m1.5b2.0b2.9b268.0m507.0m906.0m(353.0m)(90.0m)280.0m(173.0m)(290.0m)(131.0m)(335.0m)(142.0m)

Corning Ratios

USDY, 2018

EV/EBIT

48.3 x

EV/CFO

27.5 x

EV/FCF

-200.4 x

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x
Report incorrect company information

Corning Operating Metrics

FY, 2014FY, 2015FY, 2016

Patent Applications

7 k9.17 k10.50 k

Patents (US)

3.30 k3.25 k5.82 k

Patents (foreign)

4.70 k4.50 k5.82 k
Report incorrect company information