Corning Historical Income Statement
| GLW Stock | USD 48.67 0.45 0.93% |
Historical analysis of Corning Incorporated income statement accounts such as Total Revenue of 6.9 B or Gross Profit of 2.7 B can show how well Corning Incorporated performed in making a profits. Evaluating Corning Incorporated income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Corning Incorporated's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Corning Incorporated latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Corning Incorporated is a good buy for the upcoming year.
Corning |
About Corning Income Statement Analysis
Corning Incorporated Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Corning Incorporated shareholders. The income statement also shows Corning investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Corning Incorporated Income Statement Chart
Add Fundamental
Total Revenue
Total revenue comprises all receipts Corning Incorporated generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Corning Incorporated minus its cost of goods sold. It is profit before Corning Incorporated operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Corning Incorporated. It is also known as Corning Incorporated overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Corning Incorporated operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Corning Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Cost Of Revenue
Cost of Revenue is found on Corning Incorporated income statement and represents the costs associated with goods and services Corning Incorporated provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Corning Incorporated's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Corning Incorporated current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.At this time, Corning Incorporated's Interest Expense is fairly stable compared to the past year. EBIT is likely to climb to about 1.5 B in 2024, whereas Total Revenue is likely to drop slightly above 6.9 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.1B | 4.5B | 3.9B | 2.7B | Total Revenue | 14.1B | 14.2B | 12.6B | 6.9B |
Corning Incorporated income statement Correlations
Click cells to compare fundamentals
Corning Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corning Incorporated income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.4B | 1.5B | 1.5B | 1.5B | 1.4B | 768.6M | |
| Interest Expense | 221M | 276M | 300M | 292M | 329M | 345.5M | |
| Total Revenue | 11.5B | 11.3B | 14.1B | 14.2B | 12.6B | 6.9B | |
| Gross Profit | 4.0B | 3.5B | 5.1B | 4.5B | 3.9B | 2.7B | |
| Other Operating Expenses | 10.2B | 10.8B | 12.0B | 12.8B | 11.6B | 6.0B | |
| Operating Income | 1.3B | 509M | 2.1B | 1.4B | 890M | 608.9M | |
| Ebit | 1.3B | 1.3B | 2.3B | 1.9B | 890M | 1.5B | |
| Ebitda | 2.7B | 2.9B | 3.8B | 3.4B | 890M | 845.5M | |
| Cost Of Revenue | 7.5B | 7.8B | 9.0B | 9.7B | 8.7B | 9.1B | |
| Total Operating Expenses | 2.7B | 3.0B | 3.0B | 3.1B | 2.9B | 1.8B | |
| Income Before Tax | 1.2B | 623M | 2.4B | 1.8B | 816M | 895.7M | |
| Total Other Income Expense Net | (90M) | 114M | 314M | 359M | (74M) | (70.3M) | |
| Net Income | 960M | 512M | 1.9B | 1.3B | 581M | 839.9M | |
| Income Tax Expense | 256M | 111M | 491M | 411M | (168M) | (159.6M) | |
| Selling General Administrative | 1.6B | 1.7B | 1.8B | 1.9B | 1.8B | 1.2B | |
| Research Development | 1.0B | 1.2B | 995M | 1.0B | 1.1B | 703.7M | |
| Net Income Applicable To Common Shares | 960M | 512M | 1.1B | 1.3B | 1.2B | 1.4B | |
| Minority Interest | 90M | 191M | (29M) | (70M) | (67M) | (63.7M) | |
| Net Income From Continuing Ops | 960M | 512M | 1.9B | 1.4B | 648M | 1.2B | |
| Non Operating Income Net Other | (117M) | 428M | 231M | 300M | 270M | 256.5M | |
| Tax Provision | 256M | 111M | 491M | 411M | 168M | 159.6M | |
| Interest Income | 45M | 38M | 21M | 15M | 11M | 42.7M | |
| Net Interest Income | (200M) | (261M) | (289M) | (277M) | (291M) | (305.6M) | |
| Reconciled Depreciation | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | 1.5B |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Corning Stock Analysis
When running Corning Incorporated's price analysis, check to measure Corning Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.