Corning Incorporated (GLW)

Corning Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	12,588	14,189	14,082	11,303	11,503
Revenue Growth (YoY)	-11.28%	0.76%	24.59%	-1.74%	1.89%
Cost of Revenue	8,657	9,683	9,019	7,772	7,468
Gross Profit	3,931	4,506	5,063	3,531	4,035
Selling, General & Admin	1,843	1,898	1,827	1,747	1,585
Research & Development	1,076	1,047	995	1,154	1,031
Other Operating Expenses	122	123	129	195	268
Operating Expenses	3,041	3,068	2,951	3,096	2,884
Operating Income	890	1,438	2,112	435	1,151
Interest Expense / Income	329	292	300	276	221
Other Expense / Income	-188	-581	-585	-464	-286
Pretax Income	749	1,727	2,397	623	1,216
Income Tax	168	411	491	111	256
Net Income	581	1,316	1,906	512	960
Preferred Dividends	0	0	827	98	98
Net Income Common	581	1,316	1,079	414	862
Net Income Growth	-55.85%	21.96%	160.63%	-51.97%	-19.14%
Shares Outstanding (Basic)	853	846	853	764	769
Shares Change	0.87%	-0.89%	11.70%	-0.66%	-3.91%
EPS (Basic)	0.69	1.56	1.30	0.54	1.11
EPS (Diluted)	0.68	1.54	1.28	0.54	1.07
EPS Growth	-55.84%	20.31%	137.04%	-49.53%	-5.31%
Free Cash Flow	682	1,011	1,775	840	131
Free Cash Flow Per Share	0.80	1.20	2.08	1.10	0.17
Dividend Per Share	1.120	1.080	0.960	0.880	0.800
Dividend Growth	3.70%	12.50%	9.09%	10.00%	11.11%
Gross Margin	31.23%	31.76%	35.95%	31.24%	35.08%
Operating Margin	7.07%	10.13%	15.00%	3.85%	10.01%
Profit Margin	4.62%	9.27%	7.66%	3.66%	7.49%
Free Cash Flow Margin	5.42%	7.13%	12.60%	7.43%	1.14%
Effective Tax Rate	22.43%	23.80%	20.48%	17.82%	21.05%
EBITDA	2,447	3,471	4,178	2,419	2,940
EBITDA Margin	19.44%	24.46%	29.67%	21.40%	25.56%
Depreciation & Amortization	1,369	1,452	1,481	1,520	1,503
EBIT	1,078	2,019	2,697	899	1,437
EBIT Margin	8.56%	14.23%	19.15%	7.95%	12.49%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).