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CORNING INC /NY

GLW
Drawing And Insulating Of Nonferrous Wire
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Statement
Period
Annual Quarterly
Order
Format
% Change
Rows
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, 2020Jun 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, 2016Sep 30, 2015Jun 30, 2015Mar 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
Net sales
$ 4,505
$ 4,144
$ 4,100
$ 3,862
$ 3,452
$ 3,391
$ 3,251
$ 2,975
$ 3,173
$ 3,243
$ 3,178
$ 3,488
Cost of sales
2,877
2,616
2,580
2,470
2,238
2,254
2,302
1,982
2,169
2,230
2,175
2,426
Gross margin
1,628
1,528
1,520
1,392
1,214
1,137
949
993
1,004
1,013
1,003
1,062
Operating expenses:
                                                    
Selling, general and administrative expenses
608
588
624
515
471
510
471
451
468
440
421
461
Research, development and engineering expenses
299
278
280
276
270
294
262
258
270
263
254
278
Amortization of purchased intangibles
23
23
27
28
28
31
30
30
30
31
31
31
Restructuring, impairment and other charges
-
-
-
-
-
-
-
-
-
-
-
-
Asbestos litigation charge
-
-
-
-
-
-
-
-
-
-
-
-
Operating income
698
639
589
573
445
302
186
254
236
279
297
292
Equity in earnings (losses) of affiliated companies
-
-
-
-
-
-
-
-
-
-
-
-
Interest income
12
9
10
5
12
12
10
12
10
8
7
3
Interest expense
(94)
(92)
(78)
(83)
(82)
(83)
(84)
(83)
(82)
(81)
(76)
(73)
Translated earnings contract gain, net
90
(16)
33
131
(101)
(157)
27
39
20
116
(8)
(68)
Translated earnings contract (loss) gain, net
-
-
-
-
-
-
-
-
-
-
-
-
us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts
-
-
-
-
-
-
-
-
-
-
-
-
Translated earnings contract gain (loss), net (Note 10)
-
-
-
-
-
-
-
-
-
-
-
-
Gain
-
-
-
-
-
-
-
-
-
-
-
-
Foreign currency hedge (loss) gain, net
-
-
-
-
-
-
-
-
-
-
-
-
Other-than-temporary impairment (OTTI) losses:
                                                    
Change in total OTTI losses
-
-
-
-
-
-
-
-
-
-
-
-
Changes in OTTI recognized in other comprehensive income (before taxes)
-
-
-
-
-
-
-
-
-
-
-
-
Net OTTI losses recognized in earnings
-
-
-
-
-
-
-
-
-
-
-
-
Other expense, net
(57)
(11)
(4)
(42)
(34)
(166)
33
74
33
87
8
106
Income before income taxes
649
529
550
584
240
(92)
172
296
217
409
228
260
Provision for income taxes (Note 11)
40
121
80
84
55
3
50
71
35
106
37
34
Net income
609
408
470
500
185
(95)
122
225
182
303
191
226
Net income attributable to non-controlling interest
50
37
40
31
28
22
18
16
18
22
15
18
Net income attributable to Corning Incorporated
559
371
430
469
157
(117)
104
209
164
281
176
208
Net income attributable to Corning Incorporated
-
-
-
-
-
-
-
-
-
-
-
-
Earnings per common share available to common shareholders:
                                                    
Basic (Note 15) (in dollars per share)
$ 0.65
$ 0.43
$ 0.5
$ 0.55
$ 0.18
$ (0.14)
$ 0.12
$ 0.25
$ 0.19
$ 0.33
$ 0.21
$ 0.25
Diluted (Note 15) (in dollars per share)
0.64
0.43
0.5
0.54
0.18
(0.14)
0.12
0.24
0.19
0.33
0.2
0.24
Dividends declared per common share
-
-
-
-
-
-
-
-
-
-
-
-
Net income attributable to Corning Incorporated
-
-
-
-
-
-
-
-
-
-
-
208
Net income available to common shareholders
-
-
-
-
-
-
-
-
-
-
-
208
Excess consideration paid for redemption of preferred shares (1)
-
-
-
-
-
-
-
-
-
-
-
-