Corning Incorporated (LON: 0R2X)

Corning Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 29, 2024	Dec 30, 2023	Dec 30, 2022	Dec 30, 2021	Dec 30, 2020	Dec 30, 2019
Cash & Equivalents	1,613	1,779	1,671	2,148	2,672	2,434
Cash & Short-Term Investments	1,613	1,779	1,671	2,148	2,672	2,434
Cash Growth	-1.59%	6.46%	-22.21%	-19.61%	9.78%	3.35%
Receivables	1,986	1,572	1,721	2,004	2,133	1,836
Inventory	2,793	2,666	2,904	2,481	2,438	2,320
Other Current Assets	1,284	1,195	1,157	1,026	761	873
Total Current Assets	7,676	7,212	7,453	7,659	8,004	7,463
Property, Plant & Equipment	14,059	15,513	16,213	16,545	16,422	15,841
Long-Term Investments	-	414	360	318	435	334
Goodwill	2,390	2,380	2,394	2,421	2,460	1,935
Other Intangible Assets	814	905	1,029	1,148	1,308	1,185
Long-Term Deferred Tax Assets	1,211	1,153	1,073	1,066	1,121	1,157
Other Long-Term Assets	2,172	923	977	997	1,025	983
Total Assets	28,322	28,500	29,499	30,154	30,775	28,898
Accounts Payable	1,565	1,466	1,804	1,612	1,174	1,587
Accrued Expenses	2,078	1,957	1,953	1,828	1,558	1,418
Short-Term Debt	-	-	-	-	75	-
Current Portion of Long-Term Debt	335	320	224	55	71	2
Current Portion of Leases	93	112	111	94	106	71
Current Income Taxes Payable	80	69	127	196	173	182
Current Unearned Revenue	384	329	276	371	363	104
Other Current Liabilities	102	66	680	650	247	157
Total Current Liabilities	4,637	4,319	5,175	4,806	3,767	3,521
Long-Term Debt	7,073	7,011	6,497	6,806	7,653	7,458
Long-Term Leases	840	1,041	985	874	796	721
Long-Term Unearned Revenue	1,687	1,762	1,862	1,836	2,020	927
Long-Term Deferred Tax Liabilities	204	218	243	258	313	325
Other Long-Term Liabilities	1,338	1,162	1,387	1,700	1,164	1,298
Total Liabilities	16,855	16,632	17,224	17,609	17,327	15,901
Common Stock	920	916	910	907	863	859
Additional Paid-In Capital	17,177	16,929	16,682	16,475	14,642	14,323
Retained Earnings	15,859	16,391	16,778	16,389	16,120	16,408
Treasury Stock	-20,845	-20,637	-20,532	-20,263	-19,928	-19,812
Comprehensive Income & Other	-2,008	-2,048	-1,830	-1,175	-740	-1,171
Total Common Equity	11,103	11,551	12,008	12,333	10,957	10,607
Minority Interest	364	317	267	212	191	90
Shareholders' Equity	11,467	11,868	12,275	12,545	13,448	12,997
Total Liabilities & Equity	28,322	28,500	29,499	30,154	30,775	28,898
Total Debt	8,341	8,484	7,817	7,829	8,701	8,252
Net Cash (Debt)	-6,728	-6,705	-6,146	-5,681	-6,029	-5,818
Net Cash Per Share	-7.76	-7.81	-7.17	-6.73	-7.81	-6.47
Filing Date Shares Outstanding	856.21	853.47	846.56	845.85	768.37	763.63
Total Common Shares Outstanding	814	820	843	830	765	762
Working Capital	3,039	2,893	2,278	2,853	4,237	3,942
Book Value Per Share	13.64	14.09	14.24	14.86	14.32	13.92
Tangible Book Value	7,899	8,266	8,585	8,764	7,189	7,487
Tangible Book Value Per Share	9.70	10.08	10.18	10.56	9.40	9.83
Land	-	412	420	441	471	452
Buildings	-	5,931	5,963	6,145	6,453	6,023
Machinery	-	20,896	20,800	21,208	20,563	19,100
Construction In Progress	-	1,944	2,335	1,979	1,918	2,757

Source: S&P Capital IQ. Standard template. Financial Sources.