Corning Revenue, Profits - GLW Annual Income Statement

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

Fundamental analysis of GLW stock involves analyzing its financial statements, apart from checking the Corning stock price. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase to $10.12B for 2017 impacts the GLW stock. Investors typically check year over year or quarter over quarter revenue growth. Along with Corning assets and Corning free cash flow, Corning profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $-497M and the 2017 revenue is $10.12B.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Corning Revenues or Net Sales
10.12B9.39B9.11B9.72B7.82B8.01B7.89B6.63B5.4B5.95B
Cost Of Goods Sold (COGS)6.08B5.64B5.46B5.66B4.5B4.62B4.32B3.58B3.3B3.21B
Corning Gross Profit
4.03B3.75B3.65B4.05B3.32B3.4B3.57B3.05B2.09B2.74B
Research & Development Expense860M742M769M815M710M745M671M603M563M627M
Selling General & Admin Expense1.47B1.55B1.51B1.27B1.21B1.31B1.19B637M1.13B580M
Income Before Depreciation Depletion Amortization1.71B1.46B1.38B1.96B1.4B1.34B1.71B1.81B401M1.53B
Depreciation Depletion Amortization75M64M54M33M31M19M15M8M10M11M
Non Operating Income182M2.46B304M1.76B1.22B907M1.61B2.15B1.63B62M
Interest Expense155M159M140M123M120M111M89M109M82M59M
Corning Pretax Income
1.66B3.69B1.49B3.57B2.47B2.12B3.21B3.85B1.93B1.52B
Provision for Income Taxes2.15B-3M147M1.1B512M389M408M287M-74M-2.41B
MinorityInterest----------1M
Investment Gains Losses---------1.33B
Other Income----------
Income Before Extraordinaries & Disc Operations-497M3.7B1.34B2.47B1.96B1.73B2.81B3.56B2.01B5.26B
Extraordinary Items & Discontinued Operations----------
Corning Profit/ Loss (Net Income)
-497M3.7B1.34B2.47B1.96B1.73B2.81B3.56B2.01B5.26B
Average Shares used to compute Diluted EPS895M1.14B1.34B1.43B1.46B1.51B1.56B1.58B1.57B1.56B
Average Shares used to compute Basic EPS895M1.02B1.22B1.43B1.45B1.49B1.56B1.56B1.54B1.56B
Income Before Nonrecurring Items1.76B1.77B1.88B2.19B1.8B1.94B2.79B3.27B2.11B2.44B
Income from Nonrecurring Items-2.25B1.92B-543M287M164M-212M17M284M-105M2.82B
Corning Earnings Per Share Basic Net
-0.663.531.021.731.351.161.802.281.303.37
Corning Earnings Per Share Diluted Net
-0.663.231.001.731.341.151.772.251.283.37
EPS Diluted Before Nonrecurring Items1.721.551.401.531.231.291.762.071.351.57
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.620.540.480.400.390.320.230.200.200.20
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Corning stock analysis. An investor must check the following items in an income statement:

  • Topline: A growing topline, as seen from the Corning revenue chart, as is the case with Corning indicates a growing business. One needs to compare the YoY topline or sales growth of GLW stock with its peers like ANET stock and ATUS stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $-497M for Corning for 2017. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.

The income statement is also called the profit and loss statement. Apart from the GLW income statement, one can check the Corning historical stock prices to check how the price has moved with time.

Corning Income Statement - Key Financial Ratios

PS Ratio (price sales ratio)
2.33
Operating Margin
7.8
Dividend Yield
2.27%