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.

Selected Financial Data
since 2005

Microsoft Excel

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Income Statement

Corning Inc., selected items from income statement, long-term trends

US$ in millions

Microsoft Excel
12 months ended: Net sales Operating income Net income (loss) attributable to Corning Incorporated
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Net Sales:
The net sales of the company have generally shown an increasing trend from 2005 to 2023, with some fluctuations in between. There was a notable peak in 2020 and 2021 followed by a slight decrease in 2022 and 2023.
Operating Income:
The operating income initially showed a fluctuating pattern but significantly increased from 2008 to 2014. However, there was a notable decline in 2015 and 2016 before a slight recovery in the subsequent years.
Net Income (Loss) Attributable to Corning Incorporated:
The net income attributable to the company had a substantial increase from 2005 to 2008. It experienced significant fluctuations in the following years, with both positive and negative values. There was a notable drop in 2017 and 2018, followed by a slight recovery in 2019 and beyond.

Balance Sheet: Assets

Corning Inc., selected items from assets, long-term trends

US$ in millions

Microsoft Excel
Current assets Total assets
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Current assets
The trend in current assets has shown fluctuations over the years, with a steady increase from 2005 to 2014, reaching a peak, followed by a general decline up to 2023.
Total assets
Total assets displayed a consistent growth pattern from 2005 to 2014, experienced a slight dip in 2015, and then showed a mix of ups and downs, plateauing towards the later years.

Balance Sheet: Liabilities and Stockholders’ Equity

Corning Inc., selected items from liabilities and stockholders’ equity, long-term trends

US$ in millions

Microsoft Excel
Current liabilities Total liabilities Long-term debt and short-term borrowings Total Corning Incorporated shareholders’ equity
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Current Liabilities:
The trend of current liabilities has seen fluctuations over time, with a general increase from 2005 to 2017, followed by a significant spike in 2018 and continuing to rise steadily until 2023.
Total Liabilities:
Total liabilities have shown a consistent upward trend, with minor fluctuations, reaching its peak in 2021 and slightly decreasing in 2022 and 2023.
Long-term Debt and Short-term Borrowings:
The amount of long-term debt and short-term borrowings has witnessed an overall increasing trend, with some fluctuations, peaking in 2020 and then slightly declining in 2023.
Total Corning Incorporated Shareholders’ Equity:
The shareholders' equity has displayed a fluctuating pattern with a sharp increase from 2005 to 2008, followed by fluctuations and a general declining trend from 2014 to 2023.

Cash Flow Statement

Corning Inc., selected items from cash flow statement, long-term trends

US$ in millions

Microsoft Excel
12 months ended: Net cash provided by operating activities Net cash (used in) provided by investing activities Net cash provided by (used in) financing activities
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Net cash provided by operating activities (US$ in millions)
The trend shows a fluctuating pattern over the years, with a notable increase from 2009 to 2014, followed by a decrease till 2020, and then a moderate increase up to 2023.
Net cash (used in) provided by investing activities (US$ in millions)
This item indicates a mix of negative and positive values with a significant positive spike in 2016. There is an overall varied trend but with more negative values in recent years.
Net cash provided by (used in) financing activities (US$ in millions)
There is a mix of positive and negative values, with a substantial negative trend starting from 2014 till 2023, reflecting a decreasing need for external financing activities over the years.

Per Share Data

Corning Inc., selected data per share, long-term trends

US$

Microsoft Excel
12 months ended: Basic earnings per share 1 Diluted earnings per share 2 Dividend per share 3
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1, 2, 3 Data adjusted for splits and stock dividends.

Basic Earnings Per Share:
The basic earnings per share of Corning Inc. fluctuated over the years, showing an increasing trend from 2005 to 2008, a dip in 2009, a recovery in 2010, followed by fluctuations with no clear direction from 2011 to 2023.
Diluted Earnings Per Share:
Similar to basic earnings per share, diluted earnings per share of Corning Inc. followed a similar pattern, with variations across the years but with no consistent trend.
Dividend Per Share:
Corning Inc.'s dividend per share showed a steady increase from 2007 to 2015, with a notable jump in 2010 and a continuous growth trajectory. From 2016 to 2023, the dividend per share continued to increase, though at a slower rate compared to the earlier years.