Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Corning Inc. pages available for free this week:
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Corning Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Corning Inc., consolidated cash flow statement (quarterly data)
US$ in millions
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).
- Net income (loss)
- The net income demonstrates considerable volatility over the reported quarters, with notable negative values in early 2020 and at the end of 2022 and 2023. After a trough in the first quarter of 2020, net income recovers strongly in mid-2020 and continues an overall upward trend through early 2022 before declining again toward the end of 2022 and into early 2024, suggesting performance challenges and fluctuating profitability.
- Depreciation and Amortization
- Depreciation expense is relatively stable across periods, maintaining a range slightly above 300 million US dollars. Amortization of purchased intangibles is steady as well, fluctuating mildly around 30 million US dollars per quarter, indicating consistent asset usage and amortization schedules.
- Loss on Disposal of Assets and Severance Charges
- Loss on disposal shows sporadic large spikes, particularly in late 2019 and late 2022, indicating occasional asset write-downs or sales at a loss. Severance charges also display volatility, with significant charges in early 2020 and late 2022, offset partially by severance payments which reduce liabilities. This pattern suggests restructuring activities in response to market or operational pressures.
- Share-based Compensation Expense
- Share-based compensation exhibits a gradual increase over time, with higher expense starting mid-2020 and continuing steadily, which could reflect increasing equity incentives or adjustments in compensation strategy.
- Translation Gains and Losses
- Translation gains and losses on Japanese yen-denominated debt and other earnings contracts show significant volatility with alternating gains and losses. Large negative translation effects occurred in 2021 and 2022, impacting reported results, reflecting exposure to currency fluctuations that affect earnings.
- Income Tax Related Items
- The deferred tax provision fluctuates widely, showing both benefits and provisions with no clear trend, reflecting variable tax liabilities or credits. Tax deposit refunds and tax assessment refunds appear occasionally, indicating adjustments or settlements impacting cash flows.
- Working Capital Components
- Trade accounts receivable and inventories display irregular movements, with periods of increases and decreases suggesting fluctuating sales volumes and inventory management strategies. Accounts payable and other current liabilities also vary widely, indicating changes in payment policies or supplier terms. Customer deposits and deferred income remain relatively minor and inconsistent.
- Operations and Cash Flow Adjustments
- Adjustments to reconcile net income to net cash provided by operations are generally positive and substantial, suggesting significant non-cash items and working capital adjustments. Net cash from operating activities shows a generally healthy positive trend with occasional dips, indicating stable operational cash generation despite earnings volatility.
- Investing Activities
- Capital expenditures decrease notably from early 2019 to 2024, indicating a potential reduction in investment in property, plant, or equipment. Proceeds from sales of equipment and businesses occur occasionally, partially offsetting capital spending. Net cash used in investing activities remains consistently negative but declines in magnitude, reflecting continued though moderated outflows for investments.
- Financing Activities
- Financing cash flows are quite volatile, with significant repayments and issuances of debt seen periodically. There is evidence of bond issues and redemptions, including preferred stock redemption in multiple quarters. Dividends are consistently paid with minor increases over time. Treasury stock purchases fluctuate, with notable buybacks early in the period but declining activity later. Overall net cash used in financing activities tends to be negative, reflecting outflows for debt service, dividends, and share repurchases.
- Effect of Exchange Rates on Cash
- Currency effects on cash amount to relatively small but variable positive and negative adjustments, reflecting ongoing foreign exchange exposure impacting cash balances.
- Net Increase (Decrease) in Cash and Cash Equivalents
- Cash flows show significant swings, with large negative decreases in early 2019, early 2020, and early 2024, contrasted by significant increases around late 2019. The fluctuations align with the variability in operating cash flow, investing, and financing activities, as well as currency effects, pointing to the company’s sensitivity to operational and external economic conditions impacting liquidity.