CORNING INC /NY

GLW
Drawing and insulating of nonferrous wire
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Income StatementBalance SheetCash Flow
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CORNING INC /NY back to 2009, every line as filed.

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USD ($)
$ in Millions 		Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2015Sep 30, 2014Jun 30, 2014Mar 31, 2014Sep 30, 2013Jun 30, 2013Mar 31, 2013Sep 30, 2012Jun 30, 2012Mar 31, 2012Sep 30, 2011Jun 30, 2011Mar 31, 2011Sep 30, 2010Jun 30, 2010Mar 31, 2010Sep 30, 2009Jun 30, 2009
Cash Flows from Operating Activities:
                                                
Net income
$ 609
$ 408
$ 470
$ 500
$ 185
$ (95)
$ 122
$ 225
$ 182
$ 303
$ 191
$ 226
Cash Flows from Operating Activities:
                                                
Adjustments to reconcile net income to net cash provided by operating activities:
                                                
Adjustments to reconcile net income to net cash provided by operating activities:
                                                
Depreciation
368
334
310
312
291
310
307
307
310
312
310
327
Amortization of purchased intangibles
23
23
27
28
28
31
30
30
3
31
31
31
Loss on disposal of assets, net
-
-
15
5
-
9
126
-
49
23
-
-
Severance charges
-
-
-
-
-
-
-
-
13
73
-
-
Severance payments
-
-
-
-
-
-
-
(41)
(34)
(48)
-
-
Loss on disposal of assets
-
-
-
-
-
-
-
-
-
-
-
110
Gain on sale of business
-
-
-
-
-
-
-
-
-
-
-
-
Restructuring, impairment and other charges
-
-
-
-
-
-
-
-
-
-
-
-
Asbestos litigation charges (credits)
-
-
-
-
-
-
-
-
-
-
-
-
Cash received from settlement of insurance claims
-
-
-
-
-
-
-
-
-
-
-
-
Loss on retirement of debt
-
-
-
-
-
-
-
-
-
-
-
-
Asbestos litigation (credits) charges
-
-
-
-
-
-
-
-
-
-
-
-
Share-based compensation expense
135
115
99
63
54
76
66
60
57
59
52
52
Translation (gain) loss on foreign denominated debt, net
1
(6)
-
-
-
-
-
-
-
-
-
-
Translation loss (gain) on foreign denominated debt, net
-
-
(4)
70
-
-
-
-
-
-
-
-
Equity in earnings of affiliated companies
-
-
-
-
-
-
-
-
-
-
-
-
Gain on realignment of equity investment
-
-
-
-
-
-
-
-
-
-
-
-
Translation loss (gain) on Japanese yen-denominated debt, net
-
-
-
-
43
107
(54)
(81)
(35)
(109)
(18)
(84)
Dividends received from affiliated companies
-
-
-
-
-
-
-
-
-
-
-
-
Undistributed earnings of affiliated companies in excess of dividends received
-
-
-
-
-
-
-
-
-
-
-
-
Deferred tax benefit
(39)
(62)
(110)
11
(50)
(52)
(9)
10
47
28
(38)
(14)
Translated earnings contract gain, net
(90)
(16)
-
-
-
-
-
-
-
-
-
-
Customer deposits and government incentives
-
-
-
-
-
-
-
-
-
-
-
-
Translated earnings contract (gain) loss, net
-
-
(33)
(131)
101
157
(27)
(39)
(2)
(116)
8
68
Asset impairment
-
-
-
-
-
-
-
-
-
-
-
-
Transaction-related gain, net
-
-
-
-
-
-
-
-
-
-
-
-
Release of cumulative translation losses
-
-
-
-
-
62
-
-
-
-
-
-
Translated earnings contract (gain) loss
-
-
-
-
-
-
-
-
-
-
-
-
Translated earnings contract (gain) loss
-
-
-
-
-
-
-
-
-
-
-
-
Restructuring payments
-
-
-
-
-
-
-
-
-
-
-
-
Credits issued against customer deposits
-
-
-
-
-
-
-
-
-
-
-
-
Employee benefit payments less than expense
-
-
-
-
-
-
-
-
-
-
-
-
Unrealized translation loss on transactions
-
-
-
-
-
-
-
-
8
17
33
63
Tax deposit refund
-
-
-
-
-
-
-
-
198
99
-
-
Contingent consideration fair value adjustment
-
-
-
-
-
-
-
-
-
-
-
-
Depreciation, Depletion and Amortization [Abstract]
                                                
Amortization [Abstract]
                                                
Employee Benefits and Share-based Compensation [Abstract]
                                                
Restructuring Costs and Asset Impairment Charges [Abstract]
                                                
Restructuring Costs [Abstract]
                                                
Gain (Loss) on Sale of Property Plant Equipment [Abstract]
                                                
Gain (Loss) on Sale of Property [Abstract]
                                                
Gain (Loss) on Investments [Abstract]
                                                
Unrealized Gain (Loss) on Investments [Abstract]
                                                
Changes in assets and liabilities:
                                                
Unrealized gains on translated earnings contracts
-
-
-
-
-
-
-
-
-
-
-
-
Trade accounts receivable
(267)
12
(226)
(213)
10
(209)
(123)
(161)
(73)
(36)
(28)
106
Inventories
(145)
(232)
(28)
(92)
(146)
(45)
(3)
(86)
73
41
17
(201)
Other current assets
(88)
(56)
(151)
(75)
(30)
(122)
(18)
2
(9)
13
(62)
72
Accounts payable and other current liabilities
275
(80)
450
194
(253)
318
21
(73)
173
(67)
(369)
(184)
Accounts payable
-
-
-
-
-
-
-
-
-
-
-
-
Other current liabilities
-
-
-
-
-
-
-
-
-
-
-
-
Customer deposits and government incentives
880
(171)
(92)
59
(16)
66
7
(25)
(11)
11
(17)
140
Deferred income
(64)
(38)
(38)
(41)
(29)
93
(36)
(34)
13
(18)
(6)
9
Increase (Decrease) in Operating Assets [Abstract]
                                                
Increase (Decrease) in Receivables [Abstract]
                                                
Increase (Decrease) in Inventories [Abstract]
                                                
Increase (Decrease) in Fuel Inventories [Abstract]
                                                
Increase (Decrease) in Prepaid, Deferred Expense and Other Assets [Abstract]
                                                
Increase (Decrease) in Operating Liabilities [Abstract]
                                                
Increase (Decrease) in Accounts Payable and Accrued Liabilities [Abstract]
                                                
Increase (Decrease) in Accounts Payable [Abstract]
                                                
Increase (Decrease) in Accrued Liabilities [Abstract]
                                                
Increase (Decrease) in Employee Related Liabilities [Abstract]
                                                
Other, net
119
99
95
61
(37)
(7)
71
2
(51)
3
(153)
(15)
Net cash provided by operating activities
1,717
362
784
708
151
699
521
96
722
619
(49)
706
Cash Flows from Investing Activities:
                                                
Capital expenditures
(422)
(332)
(334)
(308)
(208)
(217)
(242)
(252)
(341)
(388)
(382)
(465)
Proceeds from government incentives
8
-
-
-
-
-
-
-
-
-
-
-
Proceeds from CHIPS Act incentives
-
8
-
-
-
-
-
-
-
-
-
-
Cash Flows from Investing Activities:
                                                
Purchase of equipment for related party
-
-
-
-
-
-
-
-
-
-
-
-
Sale of equipment to related party
-
-
-
-
-
-
-
-
-
-
-
-
Acquisition of businesses, net of cash received
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from settlement of initial contingent consideration asset
-
-
-
-
-
-
-
-
-
-
-
-
Investment in unconsolidated entities
-
-
-
-
-
-
-
-
-
-
-
-
Payments of loans to unconsolidated entities
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from loan repayments from unconsolidated entities
-
-
-
-
-
-
-
-
-
-
-
-
Net proceeds from sale or disposal of assets
-
-
-
-
-
-
-
-
-
-
-
-
Short-term investments – acquisitions
-
-
-
-
-
-
-
-
-
-
-
-
Short-term investments – liquidations
-
-
-
-
-
-
-
-
-
-
-
-
Realized gains on translated earnings contracts and other
128
150
85
51
56
71
74
94
93
96
81
-
Premiums paid on hedging contracts
(102)
-
-
-
-
-
-
-
-
-
-
-
Proceeds from sale or disposal of assets
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from sale of business
-
-
-
-
-
-
-
-
-
-
-
3
Investment in and proceeds from unconsolidated entities, net
-
-
-
-
-
-
-
-
-
-
-
(4)
Realized gains on translated earnings contract
-
-
-
-
-
-
-
-
-
-
-
77
Premium on purchased collars
-
-
-
-
-
-
-
-
-
-
-
-
Other, net
37
(29)
(50)
(44)
(13)
(53)
14
(26)
(7)
5
6
(13)
Net cash used in investing activities
(359)
(203)
(299)
(301)
(165)
(199)
(154)
(184)
(255)
(287)
(228)
(402)
Net cash (used in) provided by investing activities
-
-
-
-
-
-
-
-
-
-
-
-
Cash Flows from Financing Activities:
                                                
Repayments of debt
(678)
(13)
(3)
(232)
(47)
(212)
(5)
(37)
-
-
-
-
Proceeds from issuance of debt and short-term borrowings
22
427
-
285
-
153
-
-
-
-
-
-
Proceeds from warrants
500
-
-
-
-
-
-
-
-
-
-
-
Repayment of acquisition related debt
-
-
(33)
-
-
-
-
-
-
-
-
-
Proceeds from cross currency swap
-
-
-
-
24
-
-
-
-
-
-
-
Repayments of short-term borrowings and other long-term debt
-
-
-
-
-
-
-
-
(180)
-
-
-
Proceeds from issuance of short-term borrowings
-
-
-
-
-
-
-
-
30
-
-
70
Payments for (Proceeds from) Productive Assets [Abstract]
                                                
Payments to Acquire Productive Assets [Abstract]
                                                
Payments to Acquire Property, Plant, and Equipment [Abstract]
                                                
Proceeds from Sale of Productive Assets [Abstract]
                                                
Proceeds from Sale of Property, Plant, and Equipment [Abstract]
                                                
Payments for (Proceeds from) Investments [Abstract]
                                                
Payments to Acquire Investments [Abstract]
                                                
Payments to Acquire Marketable Securities [Abstract]
                                                
Proceeds from Sale, Maturity and Collections of Investments [Abstract]
                                                
Proceeds from Sale and Maturity of Marketable Securities [Abstract]
                                                
Proceeds from Sale and Maturity of Available-for-sale Securities [Abstract]
                                                
Proceeds from Sale and Collection of Receivables [Abstract]
                                                
Payments for (Proceeds from) Businesses and Interest in Affiliates [Abstract]
                                                
Payments to Acquire Businesses and Interest in Affiliates [Abstract]
                                                
Proceeds from Divestiture of Businesses and Interests in Affiliates [Abstract]
                                                
Cash Flows from Financing Activities:
                                                
Retirement of long-term debt
-
-
-
-
-
-
-
-
-
-
-
-
Repayments of short-term borrowings
-
-
-
-
-
-
-
-
-
-
-
-
Repayments of long-term debt
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from issuance of euro bonds and other long-term debt
-
-
-
-
-
-
-
-
968
-
-
9
Repayment of other financing arrangements
-
-
-
-
-
-
-
-
(54)
-
-
-
Repayments of short-term borrowings
-
-
-
-
-
-
-
-
-
(4)
(69)
(76)
Proceeds from issuance of other long-term debt
-
-
-
-
-
-
-
-
-
20
-
-
Payment for redemption of preferred stock
-
-
-
-
-
-
-
-
-
(507)
-
-
Principal payments under capital lease obligations
-
-
-
-
-
-
-
-
-
-
-
-
Payments of employee withholding tax on stock awards
(216)
(63)
(17)
(41)
(29)
(18)
(24)
(34)
(4)
(99)
-
(2)
Proceeds from other financing arrangements
-
-
-
-
-
-
-
-
-
-
54
-
Proceeds from issuance of commercial paper, net
-
-
-
-
-
-
-
-
-
-
-
-
Payments from settlement of interest rate swap arrangements
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from issuance of preferred stock
-
-
-
-
-
-
-
-
-
-
-
-
Payments to acquire noncontrolling interest
-
-
-
-
-
-
-
-
-
-
-
-
Payments to settle interest rate hedges
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from issuance of common stock, net
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from exercise of stock options
9
14
19
1
11
23
21
13
4
19
16
7
Purchases of common stock for treasury
-
-
(25)
(33)
(100)
(30)
(105)
-
-
-
-
(20)
Dividends paid
(251)
(244)
(241)
(261)
(242)
(242)
(252)
(243)
(246)
(256)
(239)
(234)
Other, net
(17)
(62)
(24)
(12)
(20)
(6)
(7)
(7)
(9)
(7)
(10)
(6)
Proceeds from (Repayments of) Debt [Abstract]
                                                
Proceeds from (Repayments of) Short-term Debt [Abstract]
                                                
Proceeds from (Repayments of) Long-term Debt and Capital Securities [Abstract]
                                                
Proceeds from Issuance of Long-term Debt and Capital Securities, Net [Abstract]
                                                
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities [Abstract]
                                                
Repayments of Long-term Debt [Abstract]
                                                
Payment of Financing and Stock Issuance Costs [Abstract]
                                                
Proceeds from (Repurchase of) Equity [Abstract]
                                                
Proceeds from Issuance or Sale of Equity [Abstract]
                                                
Payments of Dividends [Abstract]
                                                
Net cash used in financing activities
(631)
59
(324)
(293)
(403)
(332)
(304)
(308)
(356)
84
(248)
(252)
Cash and Cash Equivalents, Period Increase (Decrease) [Abstract]
                                                
Effect of exchange rates on cash
-
(5)
(4)
18
8
26
(9)
(18)
(10)
(24)
-
(51)
Net decrease in cash and cash equivalents
-
-
-
-
-
-
-
-
-
-
-
-
Net increase (decrease) in cash and cash equivalents and restricted cash
$ 732
$ 213
$ 157
$ 132
$ (409)
$ 194
$ 54
$ (414)
$ 101
$ 392
$ (525)
$ 1