$GLW
CORNING INC /NY Stock $glw

$glw Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000002474116000105 Filed on July 27, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$2.360B	$2.343B
YoY Change	0.73%	-5.6%
Cost Of Revenue	$1.409B	$1.368B
YoY Change	3.0%	-5.66%
Gross Profit	$951.0M	$975.0M
YoY Change	-2.46%	-5.52%
Gross Profit Margin	40.3%	41.61%
Selling, General & Admin	$499.0M	$337.0M
YoY Change	48.07%	5.97%
% of Gross Profit	52.47%	34.56%
Research & Development	$43.00M	$63.00M
YoY Change	-31.75%	-69.71%
% of Gross Profit	4.52%	6.46%
Depreciation & Amortization	$295.0M	$299.0M
YoY Change	-1.34%	-0.99%
% of Gross Profit	31.02%	30.67%
Operating Expenses	$542.0M	$400.0M
YoY Change	35.5%	-25.09%
Operating Profit	$247.0M	$431.0M
YoY Change	-42.69%	-13.45%
Interest Expense	-$1.194B	$198.0M
YoY Change	-703.03%	-286.79%
% of Operating Profit	-483.4%	45.94%
Other Income/Expense, Net	-$26.00M	-$21.00M
YoY Change	23.81%	61.54%
Pretax Income	$1.703B	$606.0M
YoY Change	181.02%	77.71%
Income Tax	-$504.0M	$110.0M
% Of Pretax Income	-29.59%	18.15%
Net Earnings	$2.207B	$496.0M
YoY Change	344.96%	193.49%
Net Earnings / Revenue	93.52%	21.17%
Basic Earnings Per Share	$2.06	$0.38
Diluted Earnings Per Share	$1.87	$0.36
COMMON SHARES
Basic Shares Outstanding	1.059B	1.246B
Diluted Shares Outstanding	1.182B	1.371B

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.144B	$5.473B
YoY Change	30.53%	-7.02%
Cash & Equivalents	$7.144B	$4.968B
Short-Term Investments		$505.0M
Other Short-Term Assets	$558.0M	$1.465B
YoY Change	-61.91%	53.73%
Inventory	$1.501B	$1.385B
Prepaid Expenses
Receivables	$1.544B	$1.545B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$10.75B	$9.868B
YoY Change	8.91%	0.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$13.05B	$12.67B
YoY Change	2.99%	-6.32%
Goodwill	$1.569B
YoY Change
Intangibles	$804.0M
YoY Change
Long-Term Investments	$4.800B	$1.844B
YoY Change	160.3%	-8.4%
Other Assets	$1.187B	$3.464B
YoY Change	-65.73%	25.96%
Total Long-Term Assets	$19.91B	$20.02B
YoY Change	-0.57%	0.26%
TOTAL ASSETS
Total Short-Term Assets	$10.75B	$9.868B
Total Long-Term Assets	$19.91B	$20.02B
Total Assets	$30.65B	$29.89B
YoY Change	2.56%	0.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$938.0M	$930.0M
YoY Change	0.86%	19.69%
Accrued Expenses	$1.231B	$952.0M
YoY Change	29.31%	1.82%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$279.0M	$102.0M
YoY Change	173.53%	-77.33%
Total Short-Term Liabilities	$2.448B	$2.022B
YoY Change	21.07%	-7.12%
LONG-TERM LIABILITIES
Long-Term Debt	$3.918B	$3.910B
YoY Change	0.2%	20.75%
Other Long-Term Liabilities	$3.905B	$2.901B
YoY Change	34.61%	12.22%
Total Long-Term Liabilities	$3.905B	$6.811B
YoY Change	-42.67%	16.97%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.448B	$2.022B
Total Long-Term Liabilities	$3.905B	$6.811B
Total Liabilities	$10.98B	$8.905B
YoY Change	23.31%	10.36%
SHAREHOLDERS EQUITY
Retained Earnings	$15.33B
YoY Change
Common Stock	$14.51B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$11.57B
YoY Change
Treasury Stock Shares
Shareholders Equity	$19.61B	$20.98B
YoY Change
Total Liabilities & Shareholders Equity	$30.65B	$29.89B
YoY Change	2.56%	0.19%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$2.207B	$496.0M
YoY Change	344.96%	193.49%
Depreciation, Depletion And Amortization	$295.0M	$299.0M
YoY Change	-1.34%	-0.99%
Cash From Operating Activities	$538.0M	$547.0M
YoY Change	-1.65%	-26.38%
INVESTING ACTIVITIES
Capital Expenditures	-$263.0M	-$308.0M
YoY Change	-14.61%	32.76%
Acquisitions
YoY Change
Other Investing Activities	$4.577B	$398.0M
YoY Change	1050.0%	-896.0%
Cash From Investing Activities	$4.314B	$90.00M
YoY Change	4693.33%	-131.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.222B	-35.00M
YoY Change	3391.43%	-88.78%
NET CHANGE
Cash From Operating Activities	538.0M	547.0M
Cash From Investing Activities	4.314B	90.00M
Cash From Financing Activities	-1.222B	-35.00M
Net Change In Cash	3.630B	602.0M
YoY Change	502.99%	304.03%
FREE CASH FLOW
Cash From Operating Activities	$538.0M	$547.0M
Capital Expenditures	-$263.0M	-$308.0M
Free Cash Flow	$801.0M	$855.0M
YoY Change	-6.32%	-12.31%

Facts In Submission

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CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	67000000
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	67000000
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	72000000
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	72000000
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CY2015Q2	us-gaap	Gross Profit GrossProfit	975000000
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CY2015Q4	us-gaap	Goodwill Goodwill	1380000000
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CY2016Q2	us-gaap	Goodwill Gross GoodwillGross	8100000000
CY2015Q4	us-gaap	Goodwill Gross GoodwillGross	7900000000
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CY2015Q2	us-gaap	Interest And Debt Expense InterestAndDebtExpense	33000000
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CY2016Q2	us-gaap	Liabilities Fair Value Disclosure Nonrecurring LiabilitiesFairValueDisclosureNonrecurring	0
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3890000000
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3918000000
CY2015Q2	us-gaap	Nonoperating Gains Losses NonoperatingGainsLosses	162000000
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CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	247000000
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CY2016Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	274000000
CY2015Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	200000000
CY2016Q2	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	301000000
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CY2016Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	157000000
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CY2016Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	293000000
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CY2016Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000
CY2015Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	5000000
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CY2016Q2	us-gaap	Liabilities Liabilities	10981000000
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CY2016Q2	us-gaap	Minority Interest MinorityInterest	63000000
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	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	13.13
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	19.93
CY2016Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P7Y146D
CY2015Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P7Y73D
CY2016Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	108177000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P3Y131D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4Y21D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P4Y18D
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	2087000
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	19609000000
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	18788000000
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	19672000000
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	18863000000
CY2016Q2	us-gaap	Treasury Stock Value TreasuryStockValue	11566000000
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	9725000000
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1182000000
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1371000000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1204000000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1383000000
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1059000000
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1246000000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1081000000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1257000000

Files In Submission

Name	View Source	Status
0000024741-16-000105-index-headers.html	Edgar Link	pending
0000024741-16-000105-index.html	Edgar Link	pending
0000024741-16-000105.txt	Edgar Link	pending
0000024741-16-000105-xbrl.zip	Edgar Link	pending
exhibit311.htm	Edgar Link	pending
exhibit312.htm	Edgar Link	pending
exhibit32.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
glw-20160630.xml	Edgar Link	completed
glw-20160630.xsd	Edgar Link	pending
glw-20160630_cal.xml	Edgar Link	unprocessable
glw-20160630_def.xml	Edgar Link	unprocessable
glw-20160630_lab.xml	Edgar Link	unprocessable
glw-20160630_pre.xml	Edgar Link	unprocessable
q2201610q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$GLW
CORNING INC /NY Stock $glw

2016 Q2 Form 10-Q Financial Statement

#000002474116000105 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GLW CORNING INC /NY Stock $glw

2016 Q2 Form 10-Q Financial Statement

#000002474116000105 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GLW
CORNING INC /NY Stock $glw