2012 Form 10-K Financial Statement
#000130817913000024 Filed on February 13, 2013
Income Statement
| Concept | 2012 |
|---|---|
| Revenue | $8.012B |
| YoY Change | 1.55% |
| Cost Of Revenue | $4.693B |
| YoY Change | 8.79% |
| Gross Profit | $3.319B |
| YoY Change | -7.19% |
| Gross Profit Margin | 41.43% |
| Selling, General & Admin | $1.205B |
| YoY Change | 17.22% |
| % of Gross Profit | 36.31% |
| Research & Development | $769.0M |
| YoY Change | 15.12% |
| % of Gross Profit | 23.17% |
| Depreciation & Amortization | $997.0M |
| YoY Change | 4.18% |
| % of Gross Profit | 30.04% |
| Operating Expenses | $1.993B |
| YoY Change | 16.48% |
| Operating Profit | $1.326B |
| YoY Change | -28.9% |
| Interest Expense | $944.0M |
| YoY Change | -24.05% |
| % of Operating Profit | 71.19% |
| Other Income/Expense, Net | -$122.0M |
| YoY Change | -144.2% |
| Pretax Income | $1.975B |
| YoY Change | -38.87% |
| Income Tax | $339.0M |
| % Of Pretax Income | 17.16% |
| Net Earnings | $1.636B |
| YoY Change | -41.92% |
| Net Earnings / Revenue | 20.42% |
| Basic Earnings Per Share | $1.10 |
| Diluted Earnings Per Share | $1.09 |
| COMMON SHARES | |
| Basic Shares Outstanding | 1.494B |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2012 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $6.144B |
| YoY Change | 5.48% |
| Cash & Equivalents | $4.988B |
| Short-Term Investments | $1.156B |
| Other Short-Term Assets | $1.198B |
| YoY Change | 50.69% |
| Inventory | $1.051B |
| Prepaid Expenses | |
| Receivables | $1.302B |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $9.695B |
| YoY Change | 11.73% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $10.63B |
| YoY Change | -0.43% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $4.915B |
| YoY Change | 4.0% |
| Other Assets | $2.644B |
| YoY Change | -7.16% |
| Total Long-Term Assets | $19.68B |
| YoY Change | 2.66% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $9.695B |
| Total Long-Term Assets | $19.68B |
| Total Assets | $29.38B |
| YoY Change | 5.48% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $779.0M |
| YoY Change | -20.27% |
| Accrued Expenses | $806.0M |
| YoY Change | 116.09% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $76.00M |
| YoY Change | 181.48% |
| Total Short-Term Liabilities | $1.956B |
| YoY Change | -6.72% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $3.382B |
| YoY Change | 43.06% |
| Other Long-Term Liabilities | $2.504B |
| YoY Change | 10.89% |
| Total Long-Term Liabilities | $5.886B |
| YoY Change | 27.35% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $1.956B |
| Total Long-Term Liabilities | $5.886B |
| Total Liabilities | $7.889B |
| YoY Change | 16.53% |
| 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 | $21.49B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $29.38B |
| YoY Change | 5.48% |
Cashflow Statement
| Concept | 2012 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $1.636B |
| YoY Change | -41.92% |
| Depreciation, Depletion And Amortization | $997.0M |
| YoY Change | 4.18% |
| Cash From Operating Activities | $3.206B |
| YoY Change | 0.53% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$1.801B |
| YoY Change | -25.95% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$827.0M |
| YoY Change | -319.95% |
| Cash From Investing Activities | -$2.628B |
| YoY Change | 27.82% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -115.0M |
| YoY Change | -88.27% |
| NET CHANGE | |
| Cash From Operating Activities | 3.206B |
| Cash From Investing Activities | -2.628B |
| Cash From Financing Activities | -115.0M |
| Net Change In Cash | 463.0M |
| YoY Change | 202.61% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $3.206B |
| Capital Expenditures | -$1.801B |
| Free Cash Flow | $5.007B |
| YoY Change | -10.92% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | glw |
Issued Credit Memoranda For Settlement Of Customer Receivables
IssuedCreditMemorandaForSettlementOfCustomerReceivables
|
28000000 | |
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1494000000 | |
| CY2010 | glw |
Deferred Tax Adjustment
DeferredTaxAdjustment
|
0.015 | |
| 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 | |
| CY2012 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-82000000 | |
| CY2010Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1315000000 | |
| CY2011Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1298000000 | |
| CY2012Q4 | glw |
Investments Of Reportable Segment
InvestmentsOfReportableSegment
|
1340000000 | |
| CY2010 | glw |
Issued Credit Memoranda For Settlement Of Customer Receivables
IssuedCreditMemorandaForSettlementOfCustomerReceivables
|
83000000 | |
| CY2010Q4 | glw |
Long Lived Assets
LongLivedAssets
|
14139000000 | |
| CY2011Q4 | glw |
Long Lived Assets
LongLivedAssets
|
16484000000 | |
| CY2012Q4 | glw |
Long Lived Assets
LongLivedAssets
|
17296000000 | |
| CY2011 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
127000000 | |
| CY2012 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
310000000 | |
| CY2010 | us-gaap |
Interest Paid
InterestPaid
|
125000000 | |
| CY2011 | us-gaap |
Interest Paid
InterestPaid
|
140000000 | |
| CY2012 | us-gaap |
Interest Paid
InterestPaid
|
178000000 | |
| CY2012Q4 | glw |
Property Net
PropertyNet
|
1494000000 | |
| CY2010Q4 | glw |
Property Net
PropertyNet
|
1255000000 | |
| CY2011Q4 | glw |
Property Net
PropertyNet
|
1283000000 | |
| CY2010Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
7152000000 | |
| CY2011Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
6602000000 | |
| CY2012Q4 | glw |
Reconciliation Of Current Assets
ReconciliationOfCurrentAssets
|
7300000000 | |
| CY2010 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
183000000 | |
| CY2011 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
190000000 | |
| CY2012 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
196000000 | |
| CY2010 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-336000000 | |
| CY2011 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-199000000 | |
| CY2012 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-112000000 | |
| CY2010Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
3659000000 | |
| CY2011Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
3774000000 | |
| CY2012Q4 | glw |
Reconciliation Of Other Non Current Assets
ReconciliationOfOtherNonCurrentAssets
|
4140000000 | |
| CY2012Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
40000000 | |
| CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
|
310000000 | |
| 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 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
|
-0.127 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.023 | |
| CY2010 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Foreign Earnings Jobs Creation Act Of2004
EffectiveIncomeTaxRateReconciliationRepatriationForeignEarningsJobsCreationActOf2004
|
-0.067 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Foreign Earnings Jobs Creation Act Of2004
EffectiveIncomeTaxRateReconciliationRepatriationForeignEarningsJobsCreationActOf2004
|
-0.008 | |
| 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 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.010 | |
| 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 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
|
-0.016 |
