GLW
Income statement / Annual
Last year (2024), Corning Incorporated's total revenue was $13.12 B,
an increase of 4.21% from the previous year.
In 2024, Corning Incorporated's net income was $506.00 M.
See Corning Incorporated,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$13.12 B |
$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 |
| Cost of Revenue |
$8.84 B
|
$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
|
| Gross Profit |
$4.28 B
|
$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
|
| Gross Profit Ratio |
0.33
|
0.31
|
0.32
|
0.36
|
0.31
|
0.35
|
0.4
|
0.4
|
0.4
|
0.4
|
| Research and Development Expenses |
$1.09 B
|
$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
|
| 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 |
$1.93 B
|
$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
|
| Other Expenses |
$121.00 M
|
$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
|
| Operating Expenses |
$3.14 B
|
$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
|
| Cost And Expenses |
$11.98 B
|
$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
|
| Interest Income |
$47.00 M
|
$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
|
| Interest Expense |
$329.00 M
|
$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
|
| Depreciation & Amortization |
$1.35 B
|
$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
|
| EBITDA |
$2.49 B |
$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 |
| EBITDA Ratio |
0.19
|
0.2
|
0.22
|
0.27
|
0.17
|
0.23
|
0.27
|
0.31
|
0.31
|
0.3
|
| Operating Income Ratio |
0.09
|
0.07
|
0.1
|
0.15
|
0.05
|
0.11
|
0.14
|
0.16
|
0.15
|
0.15
|
| Total Other Income/Expenses Net |
-$322.00 M
|
-$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
|
| Income Before Tax |
$813.00 M
|
$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
|
| Income Before Tax Ratio |
0.06
|
0.06
|
0.13
|
0.17
|
0.06
|
0.11
|
0.13
|
0.16
|
0.39
|
0.16
|
| Income Tax Expense |
$221.00 M
|
$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
|
| Net Income |
$506.00 M
|
$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
|
| Net Income Ratio |
0.04
|
0.05
|
0.09
|
0.14
|
0.05
|
0.08
|
0.09
|
-0.05
|
0.39
|
0.15
|
| EPS |
0.58 |
0.69 |
1.56 |
1.3 |
0.54 |
1.11 |
1.13 |
-0.56 |
3.53 |
1.02 |
| EPS Diluted |
0.58 |
0.68 |
1.54 |
1.28 |
0.54 |
1.07 |
1.13 |
-0.56 |
3.23 |
1 |
| Weighted Average Shares Out |
$872.41 M
|
$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
|
| Weighted Average Shares Out Diluted |
$869.00 M
|
$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
|
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