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2011 Form 10-K Financial Statement
#000119312512056163 Filed on February 13, 2012
Income Statement
| Concept | 2011 |
|---|---|
| Revenue | $7.890B |
| YoY Change | 18.97% |
| Cost Of Revenue | $4.314B |
| YoY Change | 20.4% |
| Gross Profit | $3.576B |
| YoY Change | 17.28% |
| Gross Profit Margin | 45.32% |
| Selling, General & Admin | $1.028B |
| YoY Change | 1.28% |
| % of Gross Profit | 28.75% |
| Research & Development | $668.0M |
| YoY Change | 10.78% |
| % of Gross Profit | 18.68% |
| Depreciation & Amortization | $957.0M |
| YoY Change | 12.06% |
| % of Gross Profit | 26.76% |
| Operating Expenses | $1.711B |
| YoY Change | 5.23% |
| Operating Profit | $1.865B |
| YoY Change | 31.06% |
| Interest Expense | $1.243B |
| YoY Change | -32.37% |
| % of Operating Profit | 66.65% |
| Other Income/Expense, Net | $276.0M |
| YoY Change | 16.95% |
| Pretax Income | $3.231B |
| YoY Change | -15.97% |
| Income Tax | $414.0M |
| % Of Pretax Income | 12.81% |
| Net Earnings | $2.817B |
| YoY Change | -20.83% |
| Net Earnings / Revenue | 35.7% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | $1.780M |
| COMMON SHARES | |
| Basic Shares Outstanding | 1.562B |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $5.825B |
| YoY Change | -8.27% |
| Cash & Equivalents | $4.661B |
| Short-Term Investments | $1.164B |
| Other Short-Term Assets | $795.0M |
| YoY Change | -0.38% |
| Inventory | $975.0M |
| Prepaid Expenses | |
| Receivables | $1.082B |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $8.677B |
| YoY Change | -2.05% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $10.67B |
| YoY Change | 19.32% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $4.726B |
| YoY Change | 8.1% |
| Other Assets | $2.848B |
| YoY Change | -3.23% |
| Total Long-Term Assets | $19.17B |
| YoY Change | 12.94% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $8.677B |
| Total Long-Term Assets | $19.17B |
| Total Assets | $27.85B |
| YoY Change | 7.8% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $977.0M |
| YoY Change | 22.43% |
| Accrued Expenses | $373.0M |
| YoY Change | -18.56% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $27.00M |
| YoY Change | -52.63% |
| Total Short-Term Liabilities | $2.097B |
| YoY Change | 5.59% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $2.364B |
| YoY Change | 4.51% |
| Other Long-Term Liabilities | $2.258B |
| YoY Change | 4.59% |
| Total Long-Term Liabilities | $4.622B |
| YoY Change | 4.55% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $2.097B |
| Total Long-Term Liabilities | $4.622B |
| Total Liabilities | $6.770B |
| YoY Change | 4.83% |
| 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 | $21.08B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $27.85B |
| YoY Change | 7.8% |
Cashflow Statement
| Concept | 2011 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $2.817B |
| YoY Change | -20.83% |
| Depreciation, Depletion And Amortization | $957.0M |
| YoY Change | 12.06% |
| Cash From Operating Activities | $3.189B |
| YoY Change | -16.84% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$2.432B |
| YoY Change | 141.51% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $376.0M |
| YoY Change | -149.34% |
| Cash From Investing Activities | -$2.056B |
| YoY Change | 16.22% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -980.0M |
| YoY Change | 48900.0% |
| NET CHANGE | |
| Cash From Operating Activities | 3.189B |
| Cash From Investing Activities | -2.056B |
| Cash From Financing Activities | -980.0M |
| Net Change In Cash | 153.0M |
| YoY Change | -92.59% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $3.189B |
| Capital Expenditures | -$2.432B |
| Free Cash Flow | $5.621B |
| YoY Change | 16.09% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010Q4 | glw |
Property Net
PropertyNet
|
1255000000 | |
| CY2011Q4 | glw |
Property Net
PropertyNet
|
1283000000 | |
| CY2009 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
122000000 | |
| CY2010 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
183000000 | |
| CY2011 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
190000000 | |
| CY2009 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-194000000 | |
| CY2010 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-336000000 | |
| CY2011 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-199000000 | |
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1562000000 | |
| CY2009 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
20000000 | |
| CY2010 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
-49000000 | |
| CY2011 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
24000000 | |
| CY2008Q4 | glw |
Available For Sale Securities Credit Losses
AvailableForSaleSecuritiesCreditLosses
|
0 | |
| CY2009Q4 | glw |
Available For Sale Securities Credit Losses
AvailableForSaleSecuritiesCreditLosses
|
2000000 | |
| CY2009Q4 | glw |
Current Assets
CurrentAssets
|
4203000000 | |
| CY2010Q4 | glw |
Current Assets
CurrentAssets
|
7152000000 | |
| CY2011Q4 | glw |
Current Assets
CurrentAssets
|
6602000000 | |
| CY2009 | glw |
Deferred Tax Adjustment
DeferredTaxAdjustment
|
-0.021 | |
| CY2010 | glw |
Deferred Tax Adjustment
DeferredTaxAdjustment
|
0.015 | |
| 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 | |
| CY2011 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-421000000 | |
| CY2009Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1116000000 | |
| CY2010Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1315000000 | |
| CY2011Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1298000000 | |
| CY2011 | glw |
Issued Credit Memoranda For Settlement Of Customer Receivables
IssuedCreditMemorandaForSettlementOfCustomerReceivables
|
28000000 | |
| CY2009Q4 | glw |
Other Non Current Assets
OtherNonCurrentAssets
|
3787000000 | |
| CY2010Q4 | glw |
Other Non Current Assets
OtherNonCurrentAssets
|
3659000000 | |
| CY2011Q4 | glw |
Other Non Current Assets
OtherNonCurrentAssets
|
3774000000 | |
| CY2009Q4 | glw |
Property Net
PropertyNet
|
895000000 | |
| CY2011Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
44000000 | |
| CY2009Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
|
232000000 | |
| 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 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.149 | |
| CY2010 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Foreign Earnings Jobs Creation Act Of2004
EffectiveIncomeTaxRateReconciliationRepatriationForeignEarningsJobsCreationActOf2004
|
-0.066 | |
| 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 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.007 | |
| 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 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
-0.020 | |
| CY2009 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
2000000 |
