Corning Balance Sheet - Quarterly (NYSE:GLW)

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$35.27 $0.09 (0.26%) GLW stock closing price Sep 18, 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 Q2 shows cash on hand of $2.02B. The company has a debt to equity ratio of 0.38.

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 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash2.02B3.1B4.32B3.87B4.19B4.84B5.29B4.82B7.14B3.54B
Marketable Securities-----28M----
Receivables1.84B1.75B1.81B1.75B1.64B1.58B1.48B1.65B1.54B1.39B
Inventory1.9B1.83B1.71B1.69B1.62B1.54B1.47B1.52B1.5B1.45B
Raw Materials730M708M651M645M606M564M562M579M575M542M
Work In Progress356M340M322M328M327M312M303M301M293M281M
Finished Goods810M786M739M720M683M668M606M636M633M630M
Notes Receivable----------
Other Current Assets723M986M991M948M986M719M805M497M558M797M
Total Current Assets
6.48B7.66B8.83B8.25B8.43B8.72B9.05B8.48B10.75B7.18B
Property Plant & Equipment25.46B25.68B24.83B24.03B23.57B23.27B----
Accumulated Depreciation11.26B11.27B10.81B10.68B10.51B10.3B----
Net Property Plant & Equipment
14.2B14.42B14.02B13.34B13.06B12.97B12.55B13.29B13.05B12.82B
Investment & Advances339M345M340M352M348M337M336M352M346M2.07B
Other Non-Current Assets----------
Deferred Charges859M909M813M2.64B2.65B2.71B2.33B3.11B2.95B2.43B
Intangibles3.25B2.55B2.56B2.58B2.45B2.44B2.37B2.37B2.37B2.1B
Deposits & Other Assets1.01B952M934M928M890M1.13B1.27B1.21B1.19B1.34B
Total Assets
26.14B26.83B27.49B28.09B27.83B28.31B27.9B28.81B30.65B27.95B
Notes Payable----------
Accounts Payable1.11B1.16B1.44B1.18B1.1B1.02B1.08B933M938M836M
Current Portion Long-Term Debt252M380M379M631M631M257M256M7M279M527M
Current Portion Capital Leases----------
Accrued Expenses1.55B1.45B1.39B1.26B1.08B1.15B1.42B1.35B1.23B1.2B
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.91B3B3.21B3.07B2.81B2.42B2.75B2.29B2.45B2.56B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt5.1B4.81B4.75B3.99B3.3B3.67B3.65B3.92B3.92B3.91B
Non-Current Capital Leases----------
Other Long-Term Liabilities4.18B4.54B3.77B3.65B3.64B3.84B3.54B4.81B4.62B3.48B
Total Liabilities
12.19B12.35B11.72B10.71B9.75B9.93B9.94B11.02B10.98B9.96B
Minority Interest----------
Preferred Stock2.3B2.3B2.3B2.3B2.3B2.3B2.3B2.3B2.3B2.3B
Common Stock Net855M854M854M853M852M850M846M844M842M841M
Capital Surplus14.16B14.12B14.09B14.01B13.96B13.89B13.7B13.34B13.67B13.64B
Retained Earnings15.73B15.17B15.93B17.53B17.3B17.03B16.88B15.46B15.33B13.29B
Treasury Stock18.13B17.45B16.63B16.24B15.2B14.56B14.15B13.51B11.57B10.75B
Other Liabilities-961M-502M-770M-1.08B-1.13B-1.13B-1.61B-649M-903M-1.34B
Shareholders Equity13.95B14.49B15.77B17.38B18.08B18.38B17.96B17.79B19.67B17.99B
Total Liabilities & Shareholders Equity26.14B26.83B27.49B28.09B27.83B28.31B27.9B28.81B30.65B27.95B
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 $26.14B.
  • 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 $12.19B.

Corning Balance Sheet - Key Ratios

Current ratio
2.23
Debt to equity ratio
0.38
Asset turnover ratio
0.42
Receivables turnover
5.97
Price to book ratio
1.81