2012 Q3 Form 10-Q Financial Statement
#000002474112000059 Filed on October 25, 2012
Income Statement
| Concept | 2012 Q3 | 2011 Q3 |
|---|---|---|
| Revenue | $2.038B | $2.075B |
| YoY Change | -1.78% | 29.53% |
| Cost Of Revenue | $1.149B | $1.097B |
| YoY Change | 4.74% | 24.94% |
| Gross Profit | $889.0M | $978.0M |
| YoY Change | -9.1% | 35.08% |
| Gross Profit Margin | 43.62% | 47.13% |
| Selling, General & Admin | $289.0M | $216.0M |
| YoY Change | 33.8% | -13.6% |
| % of Gross Profit | 32.51% | 22.09% |
| Research & Development | $182.0M | $166.0M |
| YoY Change | 9.64% | 12.16% |
| % of Gross Profit | 20.47% | 16.97% |
| Depreciation & Amortization | $248.0M | $245.0M |
| YoY Change | 1.22% | 14.49% |
| % of Gross Profit | 27.9% | 25.05% |
| Operating Expenses | $475.0M | $386.0M |
| YoY Change | 23.06% | -3.5% |
| Operating Profit | $414.0M | $592.0M |
| YoY Change | -30.07% | 82.72% |
| Interest Expense | $210.0M | $343.0M |
| YoY Change | -38.78% | -33.91% |
| % of Operating Profit | 50.72% | 57.94% |
| Other Income/Expense, Net | $6.000M | -$9.000M |
| YoY Change | -166.67% | 0.0% |
| Pretax Income | $627.0M | $921.0M |
| YoY Change | -31.92% | 15.27% |
| Income Tax | $94.00M | $110.0M |
| % Of Pretax Income | 14.99% | 11.94% |
| Net Earnings | $533.0M | $749.0M |
| YoY Change | -28.84% | -4.59% |
| Net Earnings / Revenue | 26.15% | 36.1% |
| Basic Earnings Per Share | $0.36 | |
| Diluted Earnings Per Share | $0.36 | $510.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.483B | 1.569B |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2012 Q3 | 2011 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $6.351B | $6.421B |
| YoY Change | -1.09% | 27.68% |
| Cash & Equivalents | $4.952B | $4.901B |
| Short-Term Investments | $1.399B | $1.520B |
| Other Short-Term Assets | $914.0M | $715.0M |
| YoY Change | 27.83% | -6.9% |
| Inventory | $1.003B | $939.0M |
| Prepaid Expenses | ||
| Receivables | $1.248B | $1.189B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $9.516B | $9.264B |
| YoY Change | 2.72% | 25.82% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $11.04B | $10.27B |
| YoY Change | 7.5% | 20.41% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $5.172B | $4.890B |
| YoY Change | 5.77% | -5.85% |
| Other Assets | $2.774B | $2.872B |
| YoY Change | -3.41% | -1.61% |
| Total Long-Term Assets | $19.89B | $18.91B |
| YoY Change | 5.21% | 9.26% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.516B | $9.264B |
| Total Long-Term Assets | $19.89B | $18.91B |
| Total Assets | $29.41B | $28.17B |
| YoY Change | 4.39% | 14.2% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $901.0M | $938.0M |
| YoY Change | -3.94% | 30.28% |
| Accrued Expenses | $956.0M | $1.044B |
| YoY Change | -8.43% | 10.01% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $130.0M | $27.00M |
| YoY Change | 381.48% | 8.0% |
| Total Short-Term Liabilities | $1.987B | $2.009B |
| YoY Change | -1.1% | 18.6% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.272B | $2.282B |
| YoY Change | 43.38% | -4.52% |
| Other Long-Term Liabilities | $2.265B | $2.191B |
| YoY Change | 3.38% | 3.4% |
| Total Long-Term Liabilities | $5.537B | $4.473B |
| YoY Change | 23.79% | -0.8% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.987B | $2.009B |
| Total Long-Term Liabilities | $5.537B | $4.473B |
| Total Liabilities | $7.571B | $6.533B |
| YoY Change | 15.89% | 4.46% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $21.84B | $21.64B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $29.41B | $28.17B |
| YoY Change | 4.39% | 14.2% |
Cashflow Statement
| Concept | 2012 Q3 | 2011 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $533.0M | $749.0M |
| YoY Change | -28.84% | -4.59% |
| Depreciation, Depletion And Amortization | $248.0M | $245.0M |
| YoY Change | 1.22% | 14.49% |
| Cash From Operating Activities | $634.0M | $913.0M |
| YoY Change | -30.56% | 113.32% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$422.0M | -$640.0M |
| YoY Change | -34.06% | 184.44% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$60.00M | $222.0M |
| YoY Change | -127.03% | -132.79% |
| Cash From Investing Activities | -$482.0M | -$418.0M |
| YoY Change | 15.31% | -53.66% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -166.0M | -46.00M |
| YoY Change | 260.87% | -113.29% |
| NET CHANGE | ||
| Cash From Operating Activities | 634.0M | 913.0M |
| Cash From Investing Activities | -482.0M | -418.0M |
| Cash From Financing Activities | -166.0M | -46.00M |
| Net Change In Cash | -14.00M | 449.0M |
| YoY Change | -103.12% | -450.78% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $634.0M | $913.0M |
| Capital Expenditures | -$422.0M | -$640.0M |
| Free Cash Flow | $1.056B | $1.553B |
| YoY Change | -32.0% | 137.83% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1483000000 | |
| glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
15000000 | ||
| CY2012Q3 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
3000000 | |
| glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-167000000 | ||
| CY2011Q3 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-71000000 | |
| glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-105000000 | ||
| CY2012Q3 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-45000000 | |
| glw |
Segment Reporting Information Depreciation
SegmentReportingInformationDepreciation
|
701000000 | ||
| CY2011Q3 | glw |
Segment Reporting Information Depreciation
SegmentReportingInformationDepreciation
|
241000000 | |
| glw |
Segment Reporting Information Depreciation
SegmentReportingInformationDepreciation
|
714000000 | ||
| CY2012Q3 | glw |
Segment Reporting Information Depreciation
SegmentReportingInformationDepreciation
|
243000000 | |
| glw |
Segment Reporting Information Research Development And Engineering Expenses
SegmentReportingInformationResearchDevelopmentAndEngineeringExpenses
|
416000000 | ||
| CY2011Q3 | glw |
Segment Reporting Information Research Development And Engineering Expenses
SegmentReportingInformationResearchDevelopmentAndEngineeringExpenses
|
137000000 | |
| glw |
Segment Reporting Information Research Development And Engineering Expenses
SegmentReportingInformationResearchDevelopmentAndEngineeringExpenses
|
467000000 | ||
| CY2012Q3 | glw |
Segment Reporting Information Research Development And Engineering Expenses
SegmentReportingInformationResearchDevelopmentAndEngineeringExpenses
|
151000000 | |
| CY2012Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
40000000 | |
| us-gaap |
Profit Loss
ProfitLoss
|
2187000000 | ||
| CY2011Q3 | us-gaap |
Profit Loss
ProfitLoss
|
749000000 | |
| us-gaap |
Profit Loss
ProfitLoss
|
1504000000 | ||
| CY2012Q3 | us-gaap |
Profit Loss
ProfitLoss
|
539000000 | |
| glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
139000000 | ||
| CY2011Q3 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
5000000 | |
| glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
9000000 | ||
| glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-284000000 | ||
| CY2011Q3 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-93000000 | |
| glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-150000000 | ||
| CY2012Q3 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-51000000 | |
| glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
146000000 | ||
| CY2011Q3 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
47000000 | |
| CY2012Q3 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
55000000 |
