Corning Incorporated (BMV:GLW)

Corning Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,648	1,768	1,779	1,671	2,148	2,672
Cash & Short-Term Investments	1,648	1,768	1,779	1,671	2,148	2,672
Cash Growth	2.17%	-0.62%	6.46%	-22.21%	-19.61%	9.78%
Receivables	2,509	2,053	1,572	1,721	2,004	2,133
Inventory	3,104	2,724	2,666	2,904	2,481	2,438
Other Current Assets	1,416	1,447	1,195	1,157	1,026	761
Total Current Assets	8,677	7,992	7,212	7,453	7,659	8,004
Property, Plant & Equipment	14,397	14,155	15,513	16,213	16,545	16,422
Long-Term Investments	-	394	414	360	318	435
Goodwill	2,489	2,363	2,380	2,394	2,421	2,460
Other Intangible Assets	684	752	905	1,029	1,148	1,308
Long-Term Deferred Tax Assets	1,296	1,130	1,153	1,073	1,066	1,121
Other Long-Term Assets	2,373	949	923	977	997	1,025
Total Assets	29,916	27,735	28,500	29,499	30,154	30,775
Accounts Payable	2,029	1,472	1,466	1,804	1,612	1,174
Accrued Expenses	2,004	2,252	1,957	1,953	1,828	1,558
Short-Term Debt	-	-	-	-	-	75
Current Portion of Long-Term Debt	812	326	320	224	55	71
Current Portion of Leases	92	95	112	111	94	106
Current Income Taxes Payable	85	109	69	127	196	173
Current Unearned Revenue	392	317	329	276	371	363
Other Current Liabilities	163	348	66	680	650	247
Total Current Liabilities	5,577	4,919	4,319	5,175	4,806	3,767
Long-Term Debt	7,407	6,711	7,011	6,497	6,806	7,653
Long-Term Leases	874	959	1,041	985	874	796
Long-Term Unearned Revenue	1,397	1,626	1,762	1,862	1,836	2,020
Pension & Post-Retirement Benefits	920	865	1,119	1,075	1,329	1,614
Long-Term Deferred Tax Liabilities	164	137	218	243	258	313
Other Long-Term Liabilities	1,572	1,448	1,162	1,387	1,700	1,164
Total Liabilities	17,911	16,665	16,632	17,224	17,609	17,327
Common Stock	924	921	916	910	907	863
Additional Paid-In Capital	17,503	17,264	16,929	16,682	16,475	14,642
Retained Earnings	16,253	15,926	16,391	16,778	16,389	16,120
Treasury Stock	-21,127	-20,882	-20,637	-20,532	-20,263	-19,928
Comprehensive Income & Other	-2,017	-2,543	-2,048	-1,830	-1,175	-740
Total Common Equity	11,536	10,686	11,551	12,008	12,333	10,957
Minority Interest	469	384	317	267	212	191
Shareholders' Equity	12,005	11,070	11,868	12,275	12,545	13,448
Total Liabilities & Equity	29,916	27,735	28,500	29,499	30,154	30,775
Total Debt	9,185	8,091	8,484	7,817	7,829	8,701
Net Cash (Debt)	-7,537	-6,323	-6,705	-6,146	-5,681	-6,029
Net Cash Per Share	-8.66	-7.28	-7.81	-7.17	-6.73	-7.81
Filing Date Shares Outstanding	857.36	856.56	853.47	846.56	845.85	768.37
Total Common Shares Outstanding	808	854	820	843	830	765
Working Capital	3,100	3,073	2,893	2,278	2,853	4,237
Book Value Per Share	14.28	12.51	14.09	14.24	14.86	14.32
Tangible Book Value	8,363	7,571	8,266	8,585	8,764	7,189
Tangible Book Value Per Share	10.35	8.87	10.08	10.18	10.56	9.40
Land	-	375	412	420	441	471
Buildings	-	5,650	5,931	5,963	6,145	6,453
Machinery	-	20,007	20,896	20,800	21,208	20,563
Construction In Progress	-	1,819	1,944	2,335	1,979	1,918

Source: S&P Global Market Intelligence. Standard template. Financial Sources.