Annual Financials for Corning Inc.
Fiscal year is January-December. All values USD millions. |
2016 | 2017 | 2018 | 2019 | 2020 |
5-year trend |
Sales/Revenue
|
9.39B | 10.12B | 11.29B | 11.5B | 11.31B | |
Sales Growth |
- | 7.77% | 11.62% | 1.89% | -1.68% | |
Cost of Goods Sold (COGS) incl. D&A |
5.78B | 6.32B | 7.12B | 7.79B | 7.46B | |
COGS excluding D&A |
4.58B | 5.16B | 5.83B | 6.29B | 5.94B | |
Depreciation & Amortization Expense |
1.2B | 1.16B | 1.29B | 1.5B | 1.52B | |
Depreciation |
1.13B | 1.08B | 1.2B | 1.39B | 1.4B | |
Amortization of Intangibles |
64M | 75M | 94M | 113M | 121M | |
COGS Growth |
- | 9.36% | 12.73% | 9.38% | -4.20% | |
Gross Income |
3.61B | 3.8B | 4.17B | 3.71B | 3.85B | |
Gross Income Growth |
- | 5.21% | 9.77% | -10.92% | 3.61% | |
Gross Profit Margin |
- | - | - | - | 34.01% | NA |
|
2016 | 2017 | 2018 | 2019 | 2020 |
5-year trend |
SG&A Expense |
2.11B | 2.16B | 2.59B | 2.42B | 2.56B | |
Research & Development |
637M | 689M | 807M | 833M | 907M | |
Other SG&A |
1.47B | 1.47B | 1.78B | 1.59B | 1.65B | |
SGA Growth |
- | 2.23% | 20.04% | -6.57% | 5.87% | |
Other Operating Expense |
- | - | - | - | - | |
Unusual Expense |
726M | 407M | 186M | (251M) | 438M | |
EBIT after Unusual Expense |
774M | (407M) | 1.39B | 1.55B | 849M | |
Non Operating Income/Expense |
2.76B | 172M | (128M) | (147M) | 61M | |
Non-Operating Interest Income |
32M | 45M | 38M | 21M | 15M | |
Equity in Affiliates (Pretax) |
284M | 361M | 390M | 17M | (25M) | |
Interest Expense |
159M | 155M | 191M | 221M | 276M | |
Interest Expense Growth |
- | -2.52% | 23.23% | 15.71% | 24.89% | |
Gross Interest Expense |
182M | 191M | 240M | 275M | 334M | |
Interest Capitalized |
23M | 36M | 49M | 54M | 58M | |
Pretax Income |
3.69B | 1.66B | 1.5B | 1.22B | 623M | |
Pretax Income Growth |
- | -55.12% | -9.29% | -19.10% | -48.77% | |
Pretax Margin |
- | - | - | - | 5.51% | NA |
Income Tax |
(3M) | 2.15B | 437M | 256M | 111M | |
Income Tax - Current Domestic |
18M | 41M | 278M | 94M | (72M) | |
Income Tax - Current Foreign |
287M | 317M | 196M | 354M | 203M | |
Income Tax - Deferred Domestic |
(358M) | 1.73B | 30M | (77M) | (10M) | |
Income Tax - Deferred Foreign |
50M | 70M | (67M) | (115M) | (10M) | |
Income Tax Credits |
- | - | - | - | - | |
Equity in Affiliates |
- | - | - | - | - | |
Other After Tax Income (Expense) |
- | - | - | - | - | |
Consolidated Net Income |
3.7B | (497M) | 1.07B | 960M | 512M | |
Minority Interest Expense |
- | - | - | - | - | |
Net Income |
3.7B | (497M) | 1.07B | 960M | 512M | |
Net Income Growth |
- | -113.45% | 314.49% | -9.94% | -46.67% | |
Net Margin Growth |
- | - | - | - | 4.53% | NA |
Extraordinaries & Discontinued Operations |
- | - | - | - | - | |
Extra Items & Gain/Loss Sale Of Assets |
- | - | - | - | - | |
Cumulative Effect - Accounting Chg |
- | - | - | - | - | |
Discontinued Operations |
- | - | - | - | - | |
Net Income After Extraordinaries |
3.7B | (497M) | 1.07B | 960M | 512M | |
Preferred Dividends |
98M | 98M | 98M | 98M | 98M | |
Net Income Available to Common |
3.6B | (595M) | 968M | 862M | 414M | |
EPS (Basic) |
3.53 | (0.66) | 1.19 | 1.11 | 0.54 | |
EPS (Basic) Growth |
- | -118.85% | 278.44% | -6.36% | -51.03% | |
Basic Shares Outstanding |
1.02B | 895M | 816M | 776M | 761M | |
EPS (Diluted) |
3.23 | (0.66) | 1.13 | 1.07 | 0.54 | |
EPS (Diluted) Growth |
- | -120.58% | 270.40% | -5.74% | -49.78% | |
Diluted Shares Outstanding |
1.14B | 895M | 941M | 899M | 772M | |
EBITDA |
2.7B | 2.8B | 2.87B | 2.8B | 2.81B | |
EBITDA Growth |
- | 3.86% | 2.64% | -2.61% | 0.32% | |
EBITDA Margin |
- | - | - | - | 24.82% | NA |