Corning Balance Sheet - Annual (NYSE:GLW)

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$29.12 $0.22 (0.75%) GLW stock closing price Jul 20, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Corning stock analysis. Financial strength can be guaged by performing Corning stock analysis and by analyzing the balance sheet. Annual results are typically accompanied with the company releasing financial statements. The balance sheet shows total liabilities of $11.72B and shareholders equity of $15.77B. Corning revenue and Corning operating cash flow are important in understanding the financial capacity of the company.

View latest 10 year balance sheet data to check Corning financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash4.32B5.29B4.5B5.31B4.7B4.99B4.66B4.6B2.54B1.87B
Marketable Securities--100M759M531M1.16B1.16B1.75B1.04B943M
Receivables1.81B1.48B1.37B1.5B1.25B1.3B1.08B973M753M512M
Inventory1.71B1.47B1.39B1.32B1.27B1.05B975M738M579M798M
Raw Materials651M562M488M581M550M491M464M323M291M308M
Work In Progress322M303M264M255M234M168M199M207M113M197M
Finished Goods739M606M633M486M486M392M312M208M175M293M
Notes Receivable----------
Other Current Assets991M805M912M1.35B1.13B1.2B795M798M606M493M
Total Current Assets
8.83B9.05B8.27B10.24B8.89B9.7B8.68B8.86B5.52B4.62B
Property Plant & Equipment24.83B-21.84B21.1B17.67B18.28B17.88B15.36B13.5B13.27B
Accumulated Depreciation10.81B-9.19B8.33B7.87B7.65B7.2B6.42B5.5B5.07B
Net Property Plant & Equipment
14.02B12.55B12.65B12.77B9.8B10.63B10.67B8.94B8B8.2B
Investment & Advances340M336M1.98B1.8B5.54B4.92B4.73B4.37B3.99B3.06B
Other Non-Current Assets----------
Deferred Charges813M2.33B2.06B1.89B2.23B2.34B2.65B2.79B2.98B2.93B
Intangibles2.56B2.37B2.09B1.65B1.54B1.5B926M716M676M305M
Deposits & Other Assets934M1.27B1.51B1.72B473M301M196M153M129M145M
Total Assets
27.49B27.9B28.55B30.06B28.48B29.38B27.85B25.83B21.3B19.26B
Notes Payable----------
Accounts Payable1.44B1.08B934M997M771M779M977M798M550M846M
Current Portion Long-Term Debt379M256M572M36M21M76M27M57M74M78M
Current Portion Capital Leases----------
Accrued Expenses1.39B1.42B1.31B1.29B954M1.1B1.09B1.13B915M1.13B
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
3.21B2.75B2.81B2.32B1.75B1.96B2.1B1.99B1.54B2.05B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt4.75B3.65B3.91B3.23B3.27B3.38B2.36B2.26B1.93B1.53B
Non-Current Capital Leases----------
Other Long-Term Liabilities3.77B3.54B2.96B2.86B2.25B2.5B2.26B2.16B2.23B2.19B
Total Liabilities
11.72B9.94B9.68B8.41B7.27B7.84B6.72B6.41B5.7B5.81B
Minority Interest---------48M
Preferred Stock2.3B2.3B2.3B2.3B------
Common Stock Net854M846M840M836M831M825M818M813M808M804M
Capital Surplus14.09B13.7B13.35B13.46B13.07B13.15B13.04B12.87B12.71B12.5B
Retained Earnings15.93B16.88B13.83B13.02B11.32B10.59B9.33B6.88B3.64B1.94B
Treasury Stock16.63B14.15B9.73B6.73B4.1B2.77B2.02B1.23B1.21B1.16B
Other Liabilities-770M-1.61B-1.74B-1.23B93M-253M-38M94M-349M-643M
Shareholders Equity15.77B17.96B18.86B21.65B21.21B21.53B21.13B19.43B15.6B13.44B
Total Liabilities & Shareholders Equity27.49B27.9B28.55B30.06B28.48B29.38B27.85B25.83B21.3B19.26B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Corning stock price by looking at Corning historical stock prices. One can compare PE with industry average by looking at the Corning PE ratio chart. The common balance sheet items are:

  • Assets: GLW total assets, which was at $27.49B for 2017 is a balance sheet item representing value of what Corning owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Corning for the year 2017 total to $11.72B. Liabilities for a company like Corning include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Corning Balance Sheet - Key Ratios

Current ratio
2.56
Debt to equity ratio
0.36
Asset turnover ratio
0.37
Receivables turnover
6.01
Price to book ratio
1.42