2015 Form 10-K Financial Statement
#000002474118000010 Filed on February 15, 2018
Income Statement
| Concept | 2015 |
|---|---|
| Revenue | $9.111B |
| YoY Change | -6.22% |
| Cost Of Revenue | $5.458B |
| YoY Change | -3.62% |
| Gross Profit | $3.653B |
| YoY Change | -9.85% |
| Gross Profit Margin | 40.09% |
| Selling, General & Admin | $1.508B |
| YoY Change | 25.46% |
| % of Gross Profit | 41.28% |
| Research & Development | $638.0M |
| YoY Change | -8.99% |
| % of Gross Profit | 17.47% |
| Depreciation & Amortization | $1.130B |
| YoY Change | -3.17% |
| % of Gross Profit | 30.93% |
| Operating Expenses | $2.146B |
| YoY Change | 12.77% |
| Operating Profit | $1.322B |
| YoY Change | -31.54% |
| Interest Expense | $265.0M |
| YoY Change | -90.96% |
| % of Operating Profit | 20.05% |
| Other Income/Expense, Net | -$96.00M |
| YoY Change | -484.0% |
| Pretax Income | $426.0M |
| YoY Change | -82.13% |
| Income Tax | $147.0M |
| % Of Pretax Income | 34.51% |
| Net Earnings | $1.339B |
| YoY Change | -45.83% |
| Net Earnings / Revenue | 14.7% |
| Basic Earnings Per Share | $1.02 |
| Diluted Earnings Per Share | $1.00 |
| COMMON SHARES | |
| Basic Shares Outstanding | 1.219B |
| Diluted Shares Outstanding | 1.343B |
Balance Sheet
| Concept | 2015 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $4.600B |
| YoY Change | -24.19% |
| Cash & Equivalents | $4.500B |
| Short-Term Investments | $100.0M |
| Other Short-Term Assets | $912.0M |
| YoY Change | -32.29% |
| Inventory | $1.385B |
| Prepaid Expenses | |
| Receivables | $1.372B |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $8.269B |
| YoY Change | -19.23% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $12.65B |
| YoY Change | -0.92% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $1.975B |
| YoY Change | 9.66% |
| Other Assets | $3.549B |
| YoY Change | -1.72% |
| Total Long-Term Assets | $20.26B |
| YoY Change | 2.18% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $8.269B |
| Total Long-Term Assets | $20.26B |
| Total Assets | $28.53B |
| YoY Change | -5.11% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $934.0M |
| YoY Change | -6.32% |
| Accrued Expenses | $1.145B |
| YoY Change | -0.17% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $572.0M |
| YoY Change | 1488.89% |
| Total Short-Term Liabilities | $2.814B |
| YoY Change | 21.08% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $3.890B |
| YoY Change | 20.55% |
| Other Long-Term Liabilities | $2.960B |
| YoY Change | 3.5% |
| Total Long-Term Liabilities | $6.850B |
| YoY Change | 12.53% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $2.814B |
| Total Long-Term Liabilities | $6.850B |
| Total Liabilities | $9.739B |
| YoY Change | 14.79% |
| 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 | $18.79B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $28.53B |
| YoY Change | -5.11% |
Cashflow Statement
| Concept | 2015 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $1.339B |
| YoY Change | -45.83% |
| Depreciation, Depletion And Amortization | $1.130B |
| YoY Change | -3.17% |
| Cash From Operating Activities | $2.829B |
| YoY Change | -39.92% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$1.250B |
| YoY Change | 16.17% |
| Acquisitions | $732.0M |
| YoY Change | -1209.09% |
| Other Investing Activities | $1.000M |
| YoY Change | -125.0% |
| Cash From Investing Activities | -$685.0M |
| YoY Change | -28.79% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | $3.228B |
| YoY Change | 30.0% |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -2.603B |
| YoY Change | 0.66% |
| NET CHANGE | |
| Cash From Operating Activities | 2.829B |
| Cash From Investing Activities | -685.0M |
| Cash From Financing Activities | -2.603B |
| Net Change In Cash | -3.288B |
| YoY Change | -7.33% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $2.829B |
| Capital Expenditures | -$1.250B |
| Free Cash Flow | $4.079B |
| YoY Change | -29.49% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
895000000 | |
| CY2017Q4 | glw |
Guarantor And Contractual Obligations
GuarantorAndContractualObligations
|
10793000000 | |
| CY2016Q4 | glw |
Investment Liabilities Noncurrent
InvestmentLiabilitiesNoncurrent
|
241000000 | |
| CY2017Q4 | glw |
Investment Liabilities Noncurrent
InvestmentLiabilitiesNoncurrent
|
105000000 | |
| CY2015 | glw |
Other Comprehensive Income Loss Equity Method Investments Net Of Tax
OtherComprehensiveIncomeLossEquityMethodInvestmentsNetOfTax
|
-26000000 | |
| CY2016 | glw |
Other Comprehensive Income Loss Equity Method Investments Net Of Tax
OtherComprehensiveIncomeLossEquityMethodInvestmentsNetOfTax
|
248000000 | |
| CY2017 | glw |
Other Comprehensive Income Loss Equity Method Investments Net Of Tax
OtherComprehensiveIncomeLossEquityMethodInvestmentsNetOfTax
|
35000000 | |
| CY2016Q4 | glw |
Other Current Assets Fair Value Disclosure
OtherCurrentAssetsFairValueDisclosure
|
435000000 | |
| CY2017Q4 | glw |
Other Current Assets Fair Value Disclosure
OtherCurrentAssetsFairValueDisclosure
|
497000000 | |
| CY2016 | glw |
Removal Deferred Tax And Aoci On Equity Method Investments
RemovalDeferredTaxAndAOCIOnEquityMethodInvestments
|
199000000 | |
| CY2016Q4 | us-gaap |
Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
|
88000000 | |
| CY2017Q4 | us-gaap |
Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
|
44000000 | |
| CY2015 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.36 | |
| CY2016 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.54 | |
| CY2017 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
| CY2017Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
10510000000 | |
| CY2016 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
205000000 | |
| CY2017 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
99000000 | |
| CY2017 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
-28000000 | |
| CY2015 | us-gaap |
Interest Paid Net
InterestPaidNet
|
178000000 | |
| CY2016 | us-gaap |
Interest Paid Net
InterestPaidNet
|
184000000 | |
| CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
178000000 | |
| CY2015Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
18189000000 | |
| CY2016Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
16376000000 | |
| CY2017Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
17854000000 | |
| CY2016Q4 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
464000000 | |
| CY2017Q4 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
68000000 | |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-564000000 | |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-175000000 | |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
757000000 | |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-504000000 | |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
135000000 | |
| CY2017 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
834000000 | |
| CY2016Q4 | us-gaap |
Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
|
282000000 | |
| CY2017Q4 | us-gaap |
Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
|
353000000 | |
| CY2015 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-86000000 | |
| CY2016 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-62000000 | |
| CY2017 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-42000000 | |
| CY2015 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
9111000000 | |
| CY2016 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
9390000000 | |
| CY2017 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
10116000000 | |
| CY2017 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-196000000 |
