$GLW
CORNING INC /NY Stock $glw

$glw Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000002474116000118 Filed on October 27, 2016

Income Statement

Concept	2016 Q3	2015 Q3
Revenue	$2.507B	$2.272B
YoY Change	10.34%	-10.55%
Cost Of Revenue	$1.466B	$1.380B
YoY Change	6.23%	-4.89%
Gross Profit	$1.041B	$892.0M
YoY Change	16.7%	-18.09%
Gross Profit Margin	41.52%	39.26%
Selling, General & Admin	$302.0M	$307.0M
YoY Change	-1.63%	19.92%
% of Gross Profit	29.01%	34.42%
Research & Development	$187.0M	$181.0M
YoY Change	3.31%	-9.05%
% of Gross Profit	17.96%	20.29%
Depreciation & Amortization	$300.0M	$292.0M
YoY Change	2.74%	-3.63%
% of Gross Profit	28.82%	32.74%
Operating Expenses	$302.0M	$307.0M
YoY Change	-1.63%	-33.84%
Operating Profit	$535.0M	$392.0M
YoY Change	36.48%	-37.28%
Interest Expense	-$250.0M	-$147.0M
YoY Change	70.07%	-109.32%
% of Operating Profit	-46.73%	-37.5%
Other Income/Expense, Net	-$28.00M	-$32.00M
YoY Change	-12.5%	-95.94%
Pretax Income	$257.0M	$218.0M
YoY Change	17.89%	-84.53%
Income Tax	-$27.00M	$6.000M
% Of Pretax Income	-10.51%	2.75%
Net Earnings	$284.0M	$212.0M
YoY Change	33.96%	-79.09%
Net Earnings / Revenue	11.33%	9.33%
Basic Earnings Per Share	$0.27	$0.16
Diluted Earnings Per Share	$0.26	$0.15
COMMON SHARES
Basic Shares Outstanding	978.0M	1.210B
Diluted Shares Outstanding	1.102B	1.218B

Balance Sheet

Concept	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.821B	$5.013B
YoY Change	-3.83%	-17.87%
Cash & Equivalents	$4.821B	$4.440B
Short-Term Investments		$573.0M
Other Short-Term Assets	$497.0M	$1.387B
YoY Change	-64.17%	41.39%
Inventory	$1.516B	$1.374B
Prepaid Expenses
Receivables	$1.645B	$1.479B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$8.479B	$9.253B
YoY Change	-8.36%	-7.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$13.29B	$12.55B
YoY Change	5.93%	-3.71%
Goodwill	$1.569B
YoY Change
Intangibles	$797.0M
YoY Change
Long-Term Investments	$285.0M	$1.826B
YoY Change	-84.39%	-8.79%
Other Assets	$1.209B	$3.262B
YoY Change	-62.94%	4.75%
Total Long-Term Assets	$20.33B	$19.65B
YoY Change	3.49%	-0.79%
TOTAL ASSETS
Total Short-Term Assets	$8.479B	$9.253B
Total Long-Term Assets	$20.33B	$19.65B
Total Assets	$28.81B	$28.90B
YoY Change	-0.31%	-3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$933.0M	$909.0M
YoY Change	2.64%	26.96%
Accrued Expenses	$1.354B	$882.0M
YoY Change	53.51%	-5.97%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$7.000M	$101.0M
YoY Change	-93.07%	-77.8%
Total Short-Term Liabilities	$2.294B	$1.966B
YoY Change	16.68%	-8.04%
LONG-TERM LIABILITIES
Long-Term Debt	$3.916B	$3.915B
YoY Change	0.03%	21.28%
Other Long-Term Liabilities	$4.104B	$2.947B
YoY Change	39.26%	13.39%
Total Long-Term Liabilities	$4.104B	$6.862B
YoY Change	-40.19%	17.76%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.294B	$1.966B
Total Long-Term Liabilities	$4.104B	$6.862B
Total Liabilities	$11.02B	$8.901B
YoY Change	23.83%	10.76%
SHAREHOLDERS EQUITY
Retained Earnings	$15.46B
YoY Change
Common Stock	$14.18B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$13.51B
YoY Change
Treasury Stock Shares	$738.0M
Shareholders Equity	$17.72B	$20.00B
YoY Change
Total Liabilities & Shareholders Equity	$28.81B	$28.90B
YoY Change	-0.31%	-3.08%

Cashflow Statement

Concept	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	$284.0M	$212.0M
YoY Change	33.96%	-79.09%
Depreciation, Depletion And Amortization	$300.0M	$292.0M
YoY Change	2.74%	-3.63%
Cash From Operating Activities	$654.0M	$697.0M
YoY Change	-6.17%	-37.6%
INVESTING ACTIVITIES
Capital Expenditures	-$282.0M	-$298.0M
YoY Change	-5.37%	13.74%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$99.00M
YoY Change	-100.0%	7.61%
Cash From Investing Activities	-$282.0M	-$199.0M
YoY Change	41.71%	17.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-2.737B	-980.0M
YoY Change	179.29%	174.51%
NET CHANGE
Cash From Operating Activities	654.0M	697.0M
Cash From Investing Activities	-282.0M	-199.0M
Cash From Financing Activities	-2.737B	-980.0M
Net Change In Cash	-2.365B	-482.0M
YoY Change	390.66%	-181.69%
FREE CASH FLOW
Cash From Operating Activities	$654.0M	$697.0M
Capital Expenditures	-$282.0M	-$298.0M
Free Cash Flow	$936.0M	$995.0M
YoY Change	-5.93%	-27.85%

Facts In Submission

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	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.153
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	472000000
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	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	20000000
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	143000000
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	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	127000000
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CY2016Q3	us-gaap	Goodwill Goodwill	1569000000
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CY2015Q4	us-gaap	Goodwill Gross GoodwillGross	7900000000
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CY2016Q3	us-gaap	Gross Profit GrossProfit	1041000000
CY2015Q3	us-gaap	Gross Profit GrossProfit	892000000
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	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	195000000
CY2016Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	19000000
CY2015Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	39000000
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-27000000
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6000000
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	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	204000000
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	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	45000000
CY2016Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	797000000
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CY2015Q3	us-gaap	Interest And Debt Expense InterestAndDebtExpense	38000000
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	122000000
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	101000000
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CY2015Q4	us-gaap	Inventory Net InventoryNet	1385000000
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CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	18863000000
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	302000000
CY2015Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	307000000
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1104000000
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	960000000
	us-gaap	Share Based Compensation ShareBasedCompensation	33000000
	us-gaap	Share Based Compensation ShareBasedCompensation	36000000
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0234
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0267
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.386
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.442
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.014
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.02
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate	0.386
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate	0.442
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	29475000
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	18.99
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	36000000
CY2016Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	150477000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P3Y76D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P3Y350D
CY2016Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	738000000
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	551000000
CY2016Q3	us-gaap	Treasury Stock Value TreasuryStockValue	13508000000
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	9725000000
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1102000000
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1218000000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1170000000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1366000000
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	978000000
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1210000000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1046000000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1241000000

Files In Submission

Name	View Source	Status
0000024741-16-000118-index-headers.html	Edgar Link	pending
0000024741-16-000118-index.html	Edgar Link	pending
0000024741-16-000118.txt	Edgar Link	pending
0000024741-16-000118-xbrl.zip	Edgar Link	pending
exhibit10_1.htm	Edgar Link	pending
exhibit31_1.htm	Edgar Link	pending
exhibit31_2.htm	Edgar Link	pending
exhibit32.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
glw-20160930.xml	Edgar Link	completed
glw-20160930.xsd	Edgar Link	pending
glw-20160930_cal.xml	Edgar Link	unprocessable
glw-20160930_def.xml	Edgar Link	unprocessable
glw-20160930_lab.xml	Edgar Link	unprocessable
glw-20160930_pre.xml	Edgar Link	unprocessable
q3201610q.htm	Edgar Link	pending
R1.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 Q3 Form 10-Q Financial Statement

#000002474116000118 Filed on October 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GLW CORNING INC /NY Stock $glw

2016 Q3 Form 10-Q Financial Statement

#000002474116000118 Filed on October 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GLW
CORNING INC /NY Stock $glw