$GLW
CORNING INC /NY

2013 Q3 Form 10-Q Financial Statement

#000002474113000061 Filed on October 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q3
Revenue $2.067B
YoY Change 1.42%
Cost Of Revenue $1.166B
YoY Change 1.48%
Gross Profit $901.0M
YoY Change 1.35%
Gross Profit Margin 43.59%
Selling, General & Admin $265.0M
YoY Change -8.3%
% of Gross Profit 29.41%
Research & Development $184.0M
YoY Change 1.1%
% of Gross Profit 20.42%
Depreciation & Amortization $248.0M
YoY Change 0.0%
% of Gross Profit 27.52%
Operating Expenses $457.0M
YoY Change -3.79%
Operating Profit $444.0M
YoY Change 7.25%
Interest Expense $78.00M
YoY Change -62.86%
% of Operating Profit 17.57%
Other Income/Expense, Net $32.00M
YoY Change 433.33%
Pretax Income $549.0M
YoY Change -12.44%
Income Tax $141.0M
% Of Pretax Income 25.68%
Net Earnings $408.0M
YoY Change -23.45%
Net Earnings / Revenue 19.74%
Basic Earnings Per Share
Diluted Earnings Per Share $0.28
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.446B
YoY Change -14.25%
Cash & Equivalents $4.560B
Short-Term Investments $886.0M
Other Short-Term Assets $1.015B
YoY Change 11.05%
Inventory $1.275B
Prepaid Expenses
Receivables $1.392B
Other Receivables $0.00
Total Short-Term Assets $9.128B
YoY Change -4.08%
LONG-TERM ASSETS
Property, Plant & Equipment $9.977B
YoY Change -9.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.255B
YoY Change 1.6%
Other Assets $2.803B
YoY Change 1.05%
Total Long-Term Assets $19.59B
YoY Change -1.55%
TOTAL ASSETS
Total Short-Term Assets $9.128B
Total Long-Term Assets $19.59B
Total Assets $28.71B
YoY Change -2.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $640.0M
YoY Change -28.97%
Accrued Expenses $892.0M
YoY Change -6.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $23.00M
YoY Change -82.31%
Total Short-Term Liabilities $1.578B
YoY Change -20.58%
LONG-TERM LIABILITIES
Long-Term Debt $2.816B
YoY Change -13.94%
Other Long-Term Liabilities $2.522B
YoY Change 11.35%
Total Long-Term Liabilities $5.338B
YoY Change -3.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.578B
Total Long-Term Liabilities $5.338B
Total Liabilities $6.965B
YoY Change -8.0%
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 $21.75B
YoY Change
Total Liabilities & Shareholders Equity $28.71B
YoY Change -2.37%

Cashflow Statement

Concept 2013 Q3
OPERATING ACTIVITIES
Net Income $408.0M
YoY Change -23.45%
Depreciation, Depletion And Amortization $248.0M
YoY Change 0.0%
Cash From Operating Activities $491.0M
YoY Change -22.56%
INVESTING ACTIVITIES
Capital Expenditures -$244.0M
YoY Change -42.18%
Acquisitions
YoY Change
Other Investing Activities $4.000M
YoY Change -106.67%
Cash From Investing Activities -$240.0M
YoY Change -50.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -354.0M
YoY Change 113.25%
NET CHANGE
Cash From Operating Activities 491.0M
Cash From Investing Activities -240.0M
Cash From Financing Activities -354.0M
Net Change In Cash -103.0M
YoY Change 635.71%
FREE CASH FLOW
Cash From Operating Activities $491.0M
Capital Expenditures -$244.0M
Free Cash Flow $735.0M
YoY Change -30.4%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q3 glw Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
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CY2012Q3 glw Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
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glw Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
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glw Asbestos Settlement Credit Charge
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CY2013Q3 us-gaap Income Tax Expense Benefit
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CY2012Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2013Q3 us-gaap Net Income Loss
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CY2012Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2013Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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us-gaap Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2013Q3 glw Purchased Collar Options
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glw Purchased Collar Options
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CY2013Q3 glw Segment Reporting Information Depreciation
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CY2013Q3 glw Segment Reporting Information Research Development And Engineering Expenses
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CY2013Q3 us-gaap Profit Loss
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CY2012Q3 glw Segment Reporting Information Depreciation
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CY2012Q3 glw Segments Reporting Information Income Tax Expense Benefit
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CY2012Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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CY2013Q3 glw Reconciliation Of Net Financing Costs
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glw Reconciliation Of Net Financing Costs
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glw Reconciliation Of Net Financing Costs
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CY2013Q3 glw Equity In Earnings Of Affiliated Companies Net Of Impairments
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CY2012Q3 glw Equity In Earnings Of Affiliated Companies Net Of Impairments
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glw Equity In Earnings Of Affiliated Companies Net Of Impairments
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CY2013Q3 glw Reconciliation Of Other Corporate Items
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CY2012Q3 glw Reconciliation Of Other Corporate Items
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glw Reconciliation Of Other Corporate Items
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glw Reconciliation Of Other Corporate Items
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Files In Submission

Name View Source Status
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