Stock Analysis on Net
Stock Analysis on Net

Corning Inc. (NYSE:GLW)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 2, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Corning Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current portion of long-term debt and short-term borrowings
Accounts payable
Other accrued liabilities
Current liabilities
Long-term debt, excluding current portion
Postretirement benefits other than pensions
Other liabilities
Non-current liabilities
Total liabilities
Convertible preferred stock, Series A, par value $100 per share
Common stock, par value $0.50 per share
Additional paid-in capital, common stock
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Total Corning Incorporated shareholders’ equity
Non-controlling interest
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Current Portion of Long-Term Debt and Short-Term Borrowings
This component exhibits fluctuations between 0.03% and 1.15% of total liabilities and equity over the observed periods. Notably, the percentage peaks intermittently, such as at 1.65% in mid-2019 and again increases toward the end of 2023 and into early 2024, indicating variability in short-term debt exposure.
Accounts Payable
Accounts payable as a percentage of total liabilities and equity shows an initial moderate increase from approximately 4.68% in early 2019 to a peak over 6.5% in mid-2022. Following this peak, a gradual decline occurs, settling near 5.34% by early 2024. This suggests some volatility with an overall upward trend until 2022, followed by a moderate reduction.
Other Accrued Liabilities
This liability category displays growth from roughly 6.5% in early 2019 to a peak around 11.69% by mid-2022. Thereafter, it gradually decreases to approximately 8.62% by the first quarter of 2024. This points to an accumulation in accrued obligations with a subsequent easing during recent quarters.
Current Liabilities
Current liabilities fluctuate over time, beginning at around 11.2% of total liabilities and equity in early 2019, reaching a high near 18.6% by mid-2022. The figure decreases to about 15.12% by early 2024, indicating periods of increased short-term obligations followed by slight contraction.
Long-Term Debt, Excluding Current Portion
Long-term debt maintains a relatively stable proportion, ranging mostly between 22% and 28%. It peaks in early 2020 at approximately 28%, then trends downward slightly to hover near 25.5% by early 2024. This stability suggests consistent reliance on long-term financing.
Postretirement Benefits Other than Pensions
These liabilities remain fairly stable around 2.4% initially, but gradually decline over the timeframe, reaching approximately 1.44% by early 2024. This decline suggests a reduction in postretirement benefit obligations relative to total liabilities and equity.
Other Liabilities
Other liabilities display a generally steady trend, fluctuating between approximately 13.6% and 17.75%, with minor periodic increases, peaking near mid-2021 and maintaining levels above 16% thereafter. This indicates consistent non-current liability levels in this category.
Non-Current Liabilities
Non-current liabilities increase from around 38.6% in early 2019 to approximately 44.99% in mid-2020, then stabilize, staying generally between 40.8% and 43.7% through early 2024. This reflects a consistent significant portion of total capital structure represented by non-current liabilities.
Total Liabilities
The total liabilities proportion rises from about 49.8% in early 2019 to a maximum close to 59.68% in mid-2022, followed by a slight decline and stabilization near 58% toward early 2024. This indicates an overall modest increase and subsequent stabilization in the liabilities' share of the capital structure.
Convertible Preferred Stock, Series A
Data coverage is limited, with values around 7.4% to 8.4% from early 2019 to early 2021 and absent thereafter, implying possible changes or redemption activity in preferred stock after that period.
Common Stock
The common stock proportion remains relatively stable, fluctuating between 2.8% and 3.32%, with a slight upward trend toward early 2024, indicating modest equity issuance or changes.
Additional Paid-In Capital, Common Stock
This equity component exhibits an increase from about 52.1% in early 2019 to a peak near 61.55% by the first quarter of 2024. This rising trend reflects increased capital contributions or revaluations enhancing shareholders' equity.
Retained Earnings
Retained earnings fluctuate between roughly 52.3% and 60.3% over the periods. The lowest levels appear around late 2020, with a gradual recovery and increase toward 59.2% by early 2024, suggesting accumulation of profits over time with interim reductions.
Treasury Stock, at Cost
Treasury stock shows a consistently negative proportion ranging from about -64.75% to -74.85%, with a general increasing negative trend toward early 2024. This indicates ongoing repurchases or holdings of treasury shares, increasing the offset against equity.
Accumulated Other Comprehensive Loss
The accumulated other comprehensive loss fluctuates from near -2.4% to -9.7%, peaking negatively around mid-2022, followed by persistently high negative levels near -8.6% by early 2024, indicating material unrealized losses or adjustments impacting equity.
Total Shareholders’ Equity
Total shareholders’ equity decreases from approximately 49.8% in early 2019 to lows near 39.3% by mid-2022. After this point, it shows slight recovery, reaching about 41.4% by early 2024. This overall decline suggests equity dilution or asset revaluations affecting net equity.
Non-Controlling Interest
Non-controlling interest rises steadily from approx. 0.3% in early 2019 to around 1.21% by early 2024, reflecting increasing minority interests in consolidated entities.
Total Equity
Total equity follows a similar pattern to shareholders’ equity, descending from roughly 50.2% in early 2019 to 40.3% mid-2022, then rising gradually to approximately 41.9% by early 2024. This indicates an overall reduction in equity proportion with modest recovery.
Total Liabilities and Equity
This item consistently sums to 100%, verifying the relative proportional analysis of assets financed by liabilities and equity.