2010 Form 10-K Financial Statement
#000119312511030621 Filed on February 10, 2011
Income Statement
| Concept | 2010 |
|---|---|
| Revenue | $6.632B |
| YoY Change | 22.93% |
| Cost Of Revenue | $3.583B |
| YoY Change | 8.51% |
| Gross Profit | $3.049B |
| YoY Change | 45.68% |
| Gross Profit Margin | 45.97% |
| Selling, General & Admin | $1.015B |
| YoY Change | 15.21% |
| % of Gross Profit | 33.29% |
| Research & Development | $603.0M |
| YoY Change | 7.1% |
| % of Gross Profit | 19.78% |
| Depreciation & Amortization | $854.0M |
| YoY Change | 7.83% |
| % of Gross Profit | 28.01% |
| Operating Expenses | $1.626B |
| YoY Change | 11.83% |
| Operating Profit | $1.423B |
| YoY Change | 122.69% |
| Interest Expense | $1.838B |
| YoY Change | 40.31% |
| % of Operating Profit | 129.16% |
| Other Income/Expense, Net | $236.0M |
| YoY Change | 0.43% |
| Pretax Income | $3.845B |
| YoY Change | 98.61% |
| Income Tax | $287.0M |
| % Of Pretax Income | 7.46% |
| Net Earnings | $3.558B |
| YoY Change | 77.01% |
| Net Earnings / Revenue | 53.65% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | $2.250M |
| COMMON SHARES | |
| Basic Shares Outstanding | 1.558B |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $6.350B |
| YoY Change | 77.23% |
| Cash & Equivalents | $4.598B |
| Short-Term Investments | $1.752B |
| Other Short-Term Assets | $798.0M |
| YoY Change | 31.68% |
| Inventory | $738.0M |
| Prepaid Expenses | |
| Receivables | $973.0M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $8.859B |
| YoY Change | 60.46% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $8.943B |
| YoY Change | 11.86% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $4.372B |
| YoY Change | 9.52% |
| Other Assets | $2.943B |
| YoY Change | -5.4% |
| Total Long-Term Assets | $16.97B |
| YoY Change | 7.61% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $8.859B |
| Total Long-Term Assets | $16.97B |
| Total Assets | $25.83B |
| YoY Change | 21.31% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $798.0M |
| YoY Change | 45.09% |
| Accrued Expenses | $458.0M |
| YoY Change | 16.54% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $57.00M |
| YoY Change | -22.97% |
| Total Short-Term Liabilities | $1.986B |
| YoY Change | 29.04% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $2.262B |
| YoY Change | 17.2% |
| Other Long-Term Liabilities | $2.159B |
| YoY Change | -3.23% |
| Total Long-Term Liabilities | $4.421B |
| YoY Change | 6.25% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $1.986B |
| Total Long-Term Liabilities | $4.421B |
| Total Liabilities | $6.458B |
| YoY Change | 12.27% |
| 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 | $19.38B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $25.83B |
| YoY Change | 21.31% |
Cashflow Statement
| Concept | 2010 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $3.558B |
| YoY Change | 77.01% |
| Depreciation, Depletion And Amortization | $854.0M |
| YoY Change | 7.83% |
| Cash From Operating Activities | $3.835B |
| YoY Change | 84.64% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$1.007B |
| YoY Change | 13.15% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$762.0M |
| YoY Change | 58.75% |
| Cash From Investing Activities | -$1.769B |
| YoY Change | 29.12% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -2.000M |
| YoY Change | -86.67% |
| NET CHANGE | |
| Cash From Operating Activities | 3.835B |
| Cash From Investing Activities | -1.769B |
| Cash From Financing Activities | -2.000M |
| Net Change In Cash | 2.064B |
| YoY Change | 198.27% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $3.835B |
| Capital Expenditures | -$1.007B |
| Free Cash Flow | $4.842B |
| YoY Change | 63.2% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1558000000 | |
| CY2008 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
-340000000 | |
| CY2009 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
20000000 | |
| CY2010 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
-49000000 | |
| CY2008Q4 | glw |
Available For Sale Securities Credit Losses
AvailableForSaleSecuritiesCreditLosses
|
0 | |
| CY2009Q4 | glw |
Available For Sale Securities Credit Losses
AvailableForSaleSecuritiesCreditLosses
|
2000000 | |
| CY2008 | glw |
Current Assets
CurrentAssets
|
3327000000 | |
| CY2009 | glw |
Current Assets
CurrentAssets
|
4203000000 | |
| CY2010 | glw |
Current Assets
CurrentAssets
|
7152000000 | |
| CY2009 | glw |
Deferred Tax Adjustment
DeferredTaxAdjustment
|
-0.021 | |
| CY2010 | glw |
Deferred Tax Adjustment
DeferredTaxAdjustment
|
0.015 | |
| CY2008 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-382000000 | |
| CY2009 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-297000000 | |
| CY2010 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-453000000 | |
| CY2008 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
980000000 | |
| CY2009 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1116000000 | |
| CY2010 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1315000000 | |
| CY2008 | glw |
Issued Credit Memoranda For Settlement Of Customer Receivables
IssuedCreditMemorandaForSettlementOfCustomerReceivables
|
266000000 | |
| CY2009 | glw |
Issued Credit Memoranda For Settlement Of Customer Receivables
IssuedCreditMemorandaForSettlementOfCustomerReceivables
|
253000000 | |
| CY2010 | glw |
Issued Credit Memoranda For Settlement Of Customer Receivables
IssuedCreditMemorandaForSettlementOfCustomerReceivables
|
83000000 | |
| CY2008 | glw |
Other Non Current Assets
OtherNonCurrentAssets
|
3382000000 | |
| CY2009 | glw |
Other Non Current Assets
OtherNonCurrentAssets
|
3787000000 | |
| CY2010 | glw |
Other Non Current Assets
OtherNonCurrentAssets
|
3659000000 | |
| CY2008 | glw |
Property Net
PropertyNet
|
1027000000 | |
| CY2009 | glw |
Property Net
PropertyNet
|
895000000 | |
| CY2010 | glw |
Property Net
PropertyNet
|
1255000000 | |
| CY2008 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
-15000000 | |
| CY2009 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
122000000 | |
| CY2010 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
183000000 | |
| CY2008 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-2565000000 | |
| CY2009 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-194000000 | |
| CY2010 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-336000000 | |
| CY2008 | glw |
Release Of Prior Period Valuation Allowances
ReleaseOfPriorPeriodValuationAllowances
|
-0.891 | |
| CY2008 | glw |
Tax Expenses Benefits Not Recorded On Income Losses
TaxExpensesBenefitsNotRecordedOnIncomeLosses
|
-0.087 | |
| CY2009 | glw |
Tax Expenses Benefits Not Recorded On Income Losses
TaxExpensesBenefitsNotRecordedOnIncomeLosses
|
0.004 | |
| CY2010 | glw |
Tax Expenses Benefits Not Recorded On Income Losses
TaxExpensesBenefitsNotRecordedOnIncomeLosses
|
0.001 | |
| CY2008 | us-gaap |
Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
|
-59000000 | |
| CY2010Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
|
-232000000 | |
| CY2008 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.154 | |
| CY2009 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.242 | |
| CY2010 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.166 | |
| CY2008 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.006 | |
| CY2009 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.037 | |
| CY2010 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.009 | |
| CY2008 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
-0.053 | |
| CY2009 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
-0.073 | |
| CY2010 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
-0.031 | |
| CY2008 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
|
-0.014 | |
| CY2009 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
|
-0.001 | |
| CY2009Q4 | us-gaap |
Fair Value Assets Measured On Recurring Basis Derivative Financial Instruments Assets
FairValueAssetsMeasuredOnRecurringBasisDerivativeFinancialInstrumentsAssets
|
53000000 | |
| CY2010Q4 | us-gaap |
Fair Value Assets Measured On Recurring Basis Derivative Financial Instruments Assets
FairValueAssetsMeasuredOnRecurringBasisDerivativeFinancialInstrumentsAssets
|
5000000 | |
| CY2009Q4 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Derivative Financial Instruments Liabilities
FairValueLiabilitiesMeasuredOnRecurringBasisDerivativeFinancialInstrumentsLiabilities
|
14000000 | |
| CY2010Q4 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Derivative Financial Instruments Liabilities
FairValueLiabilitiesMeasuredOnRecurringBasisDerivativeFinancialInstrumentsLiabilities
|
200000000 | |
| CY2010 | us-gaap |
Income Tax Reconciliation Repatriation Of Foreign Earnings Jobs Creation Act Of2004
IncomeTaxReconciliationRepatriationOfForeignEarningsJobsCreationActOf2004
|
-6.6 | |
| CY2008 | us-gaap |
Interest Paid
InterestPaid
|
100000000 | |
| CY2009 | us-gaap |
Interest Paid
InterestPaid
|
116000000 | |
| CY2010 | us-gaap |
Interest Paid
InterestPaid
|
125000000 | |
| CY2009 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
2000000 |
