Corning Balance Sheet - Quarterly (NYSE:GLW)

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

The fundamental analysis of this company requires a thorough look at Corning balance sheet. How cash on hand has increased or decreased is one of the many indicators used while undertaking the Corning stock analysis, and provides insights into the firm's financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Apart from analyzing Corning revenue Corning operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Corning balance sheet for 2018 Q1 shows cash on hand of $3.1B. The company has a debt to equity ratio of 0.36.

View and download Corning quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash3.1B4.32B3.87B4.19B4.84B5.29B4.82B7.14B3.54B4.5B
Marketable Securities----28M----100M
Receivables1.75B1.81B1.75B1.64B1.58B1.48B1.65B1.54B1.39B1.37B
Inventory1.83B1.71B1.69B1.62B1.54B1.47B1.52B1.5B1.45B1.39B
Raw Materials708M651M645M606M564M562M579M575M542M488M
Work In Progress340M322M328M327M312M303M301M293M281M264M
Finished Goods786M739M720M683M668M606M636M633M630M633M
Notes Receivable----------
Other Current Assets986M991M948M986M719M805M497M558M797M912M
Total Current Assets
7.66B8.83B8.25B8.43B8.72B9.05B8.48B10.75B7.18B8.27B
Property Plant & Equipment25.68B24.83B24.03B23.57B23.27B----21.84B
Accumulated Depreciation11.27B10.81B10.68B10.51B10.3B----9.19B
Net Property Plant & Equipment
14.42B14.02B13.34B13.06B12.97B12.55B13.29B13.05B12.82B12.65B
Investment & Advances345M340M352M348M337M336M352M346M2.07B1.98B
Other Non-Current Assets----------
Deferred Charges909M813M2.64B2.65B2.71B2.33B3.11B2.95B2.43B2.06B
Intangibles2.55B2.56B2.58B2.45B2.44B2.37B2.37B2.37B2.1B2.09B
Deposits & Other Assets952M934M928M890M1.13B1.27B1.21B1.19B1.34B1.51B
Total Assets
26.83B27.49B28.09B27.83B28.31B27.9B28.81B30.65B27.95B28.55B
Notes Payable----------
Accounts Payable1.16B1.44B1.18B1.1B1.02B1.08B933M938M836M934M
Current Portion Long-Term Debt380M379M631M631M257M256M7M279M527M572M
Current Portion Capital Leases----------
Accrued Expenses1.45B1.39B1.26B1.08B1.15B1.42B1.35B1.23B1.2B1.31B
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
3B3.21B3.07B2.81B2.42B2.75B2.29B2.45B2.56B2.81B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt4.81B4.75B3.99B3.3B3.67B3.65B3.92B3.92B3.91B3.91B
Non-Current Capital Leases----------
Other Long-Term Liabilities4.54B3.77B3.65B3.64B3.84B3.54B4.81B4.62B3.48B2.96B
Total Liabilities
12.35B11.72B10.71B9.75B9.93B9.94B11.02B10.98B9.96B9.68B
Minority Interest----------
Preferred Stock2.3B2.3B2.3B2.3B2.3B2.3B2.3B2.3B2.3B2.3B
Common Stock Net854M854M853M852M850M846M844M842M841M840M
Capital Surplus14.12B14.09B14.01B13.96B13.89B13.7B13.34B13.67B13.64B13.35B
Retained Earnings15.17B15.93B17.53B17.3B17.03B16.88B15.46B15.33B13.29B13.83B
Treasury Stock17.45B16.63B16.24B15.2B14.56B14.15B13.51B11.57B10.75B9.73B
Other Liabilities-502M-770M-1.08B-1.13B-1.13B-1.61B-649M-903M-1.34B-1.74B
Shareholders Equity14.49B15.77B17.38B18.08B18.38B17.96B17.79B19.67B17.99B18.86B
Total Liabilities & Shareholders Equity26.83B27.49B28.09B27.83B28.31B27.9B28.81B30.65B27.95B28.55B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Corning stock price, and Corning historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Corning PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: Anything that the Corning company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Corning had total assets of $26.83B.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Corning's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for GLW stock stand at $12.35B.

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