GLW
Income statement / Annual
Last year (2023), Corning Incorporated's total revenue was $12.59 B,
a decrease of 11.28% from the previous year.
In 2023, Corning Incorporated's net income was $581.00 M.
See Corning Incorporated,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$12.59 B
|
$14.19 B
|
$14.08 B
|
$11.30 B
|
$11.50 B
|
$11.29 B
|
$10.12 B
|
$9.39 B
|
$9.11 B
|
$9.72 B
|
| Cost of Revenue |
$8.66 B |
$9.68 B |
$9.02 B |
$7.77 B |
$7.47 B |
$6.83 B |
$6.08 B |
$5.64 B |
$5.46 B |
$5.66 B |
| Gross Profit |
$3.93 B |
$4.51 B |
$5.06 B |
$3.53 B |
$4.04 B |
$4.46 B |
$4.03 B |
$3.75 B |
$3.65 B |
$4.05 B |
| Gross Profit Ratio |
0.31 |
0.32 |
0.36 |
0.31 |
0.35 |
0.4 |
0.4 |
0.4 |
0.4 |
0.42 |
| Research and Development
Expenses |
$1.08 B
|
$1.05 B
|
$995.00 M
|
$1.15 B
|
$1.03 B
|
$993.00 M
|
$860.00 M
|
$742.00 M
|
$769.00 M
|
$815.00 M
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$1.84 B
|
$1.90 B
|
$1.83 B
|
$1.75 B
|
$1.59 B
|
$1.80 B
|
$1.47 B
|
$1.47 B
|
$1.52 B
|
$1.21 B
|
| Other Expenses |
$0.00 |
$123.00 M |
$129.00 M |
$121.00 M |
$113.00 M |
-$216.00 M |
-$103.00 M |
-$84.00 M |
-$101.00 M |
$1.39 B |
| Operating Expenses |
$3.04 B |
$3.07 B |
$2.95 B |
$3.02 B |
$2.73 B |
$2.89 B |
$2.40 B |
$2.28 B |
$2.35 B |
$2.06 B |
| Cost And Expenses |
$11.70 B |
$12.75 B |
$11.97 B |
$10.79 B |
$10.20 B |
$9.72 B |
$8.49 B |
$7.92 B |
$7.80 B |
$7.72 B |
| Interest Income |
$38.00 M |
$15.00 M |
$11.00 M |
$15.00 M |
$21.00 M |
$38.00 M |
$45.00 M |
$32.00 M |
$21.00 M |
$26.00 M |
| Interest Expense |
$329.00 M |
$292.00 M |
$300.00 M |
$276.00 M |
$221.00 M |
$191.00 M |
$155.00 M |
$159.00 M |
$140.00 M |
$123.00 M |
| Depreciation &
Amortization |
$1.37 B
|
$1.45 B
|
$1.48 B
|
$1.52 B
|
$1.50 B
|
$1.29 B
|
$1.16 B
|
$1.20 B
|
$1.18 B
|
$1.20 B
|
| EBITDA |
$2.51 B
|
$3.36 B
|
$3.77 B
|
$2.87 B
|
$3.16 B
|
$2.90 B
|
$2.77 B
|
$2.64 B
|
$2.52 B
|
$3.05 B
|
| EBITDA Ratio |
0.2 |
0.22 |
0.27 |
0.17 |
0.23 |
0.27 |
0.31 |
0.31 |
0.3 |
0.5 |
| Operating Income Ratio
|
0.07
|
0.1
|
0.15
|
0.05
|
0.11
|
0.14
|
0.16
|
0.15
|
0.15
|
0.2
|
| Total Other
Income/Expenses Net |
-$74.00 M
|
$359.00 M
|
$314.00 M
|
$114.00 M
|
-$90.00 M
|
-$72.00 M
|
$27.00 M
|
$2.27 B
|
$164.00 M
|
$1.64 B
|
| Income Before Tax |
$816.00 M |
$1.80 B |
$2.40 B |
$623.00 M |
$1.22 B |
$1.50 B |
$1.66 B |
$3.69 B |
$1.49 B |
$3.57 B |
| Income Before Tax Ratio
|
0.06
|
0.13
|
0.17
|
0.06
|
0.11
|
0.13
|
0.16
|
0.39
|
0.16
|
0.37
|
| Income Tax Expense |
$168.00 M |
$411.00 M |
$491.00 M |
$111.00 M |
$256.00 M |
$437.00 M |
$2.15 B |
-$3.00 M |
$147.00 M |
$1.10 B |
| Net Income |
$581.00 M |
$1.32 B |
$1.91 B |
$512.00 M |
$960.00 M |
$1.07 B |
-$497.00 M |
$3.70 B |
$1.34 B |
$2.47 B |
| Net Income Ratio |
0.05 |
0.09 |
0.14 |
0.05 |
0.08 |
0.09 |
-0.05 |
0.39 |
0.15 |
0.25 |
| EPS |
0.69 |
1.56 |
1.3 |
0.54 |
1.11 |
1.13 |
-0.56 |
3.53 |
1.02 |
1.82 |
| EPS Diluted |
0.68 |
1.54 |
1.28 |
0.54 |
1.07 |
1.13 |
-0.56 |
3.23 |
1 |
1.73 |
| Weighted Average Shares
Out |
$848.00 M
|
$843.00 M
|
$828.00 M
|
$761.00 M
|
$776.00 M
|
$941.00 M
|
$895.00 M
|
$1.02 B
|
$1.22 B
|
$1.31 B
|
| Weighted Average Shares
Out Diluted |
$859.00 M
|
$857.00 M
|
$844.00 M
|
$772.00 M
|
$899.00 M
|
$941.00 M
|
$895.00 M
|
$1.14 B
|
$1.34 B
|
$1.43 B
|
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