Corning Incorporated (GLW)

Income Statement (Annual)

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

Millions USD. Fiscal year is Jan - Dec.

Year	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011 - 1994
Revenue	14,082	11,303	11,503	11,290	10,116	9,390	9,111	9,715	7,819	8,012	Upgrade
Revenue Growth (YoY)	24.59%	-1.74%	1.89%	11.61%	7.73%	3.06%	-6.22%	24.25%	-2.41%	1.55%	Upgrade
Cost of Revenue	9,019	7,772	7,468	6,829	6,096	5,627	5,458	5,663	4,495	4,693	Upgrade
Gross Profit	5,063	3,531	4,035	4,461	4,020	3,763	3,653	4,052	3,324	3,319	Upgrade
Selling, General & Admin	1,827	1,747	1,585	1,799	1,473	1,462	1,508	1,202	1,126	1,205	Upgrade
Research & Development	995	1,154	1,031	993	864	736	769	815	710	769	Upgrade
Other Operating Expenses	-56	181	268	310	156	258	150	79	72	166	Upgrade
Operating Expenses	2,766	3,082	2,884	3,102	2,493	2,456	2,427	2,096	1,908	2,140	Upgrade
Operating Income	2,297	449	1,151	1,359	1,527	1,307	1,226	1,956	1,416	1,179	Upgrade
Interest Expense / Income	300	276	221	191	155	159	140	123	120	111	Upgrade
Other Expense / Income	-400	-450	-286	-335	-285	-2,544	-400	-1,735	-1,177	-907	Upgrade
Pretax Income	2,397	623	1,216	1,503	1,657	3,692	1,486	3,568	2,473	1,975	Upgrade
Income Tax	491	111	256	437	2,154	-3	147	1,096	512	339	Upgrade
Net Income	1,906	512	960	1,066	-497	3,695	1,339	2,472	1,961	1,636	Upgrade
Preferred Dividends	827	98	98	0	0	0	0	0	0	0	Upgrade
Net Income Common	1,079	414	862	1,066	-497	3,695	1,339	2,472	1,961	1,636	Upgrade
Net Income Growth	160.63%	-51.97%	-19.14%	-	-	175.95%	-45.83%	26.06%	19.87%	-41.92%	Upgrade
Shares Outstanding (Basic)	853	764	769	800	869	951	1,183	1,282	1,447	1,478	Upgrade
Shares Change	11.70%	-0.66%	-3.91%	-7.90%	-8.64%	-19.59%	-7.71%	-11.43%	-2.07%	-5.96%	Upgrade
EPS (Basic)	1.30	0.54	1.11	1.19	-0.66	3.53	1.02	1.82	1.35	1.10	Upgrade
EPS (Diluted)	1.28	0.54	1.07	1.13	-0.66	3.23	1.00	1.73	1.34	1.09	Upgrade
EPS Growth	137.04%	-49.53%	-5.31%	-	-	223.00%	-42.20%	29.10%	22.94%	-38.76%	Upgrade
Free Cash Flow Per Share	2.10	1.10	0.17	0.79	0.23	1.48	1.33	2.83	1.22	0.95	Upgrade
Dividend Per Share	0.960	0.880	0.800	0.720	0.620	0.540	0.480	0.400	0.390	0.315	Upgrade
Dividend Growth	9.09%	10.00%	11.11%	16.13%	14.82%	12.50%	20.00%	2.56%	23.81%	40.00%	Upgrade
Gross Margin	36.00%	31.20%	35.10%	39.50%	39.70%	40.10%	40.10%	41.70%	42.50%	41.40%	Upgrade
Operating Margin	16.30%	4.00%	10.00%	12.00%	15.10%	13.90%	13.50%	20.10%	18.10%	14.70%	Upgrade
Profit Margin	7.70%	3.70%	7.50%	9.40%	-4.90%	39.40%	14.70%	25.40%	25.10%	20.40%	Upgrade
Free Cash Flow Margin	12.70%	7.40%	1.10%	5.60%	2.00%	15.00%	17.30%	37.40%	22.60%	17.50%	Upgrade
Effective Tax Rate	20.48%	17.82%	21.05%	29.08%	129.99%	-0.08%	9.89%	30.72%	20.70%	17.16%	Upgrade
EBITDA	4,178	2,419	2,940	2,987	2,970	5,046	2,810	4,891	3,595	3,083	Upgrade
EBITDA Margin	29.70%	21.40%	25.60%	26.50%	29.40%	53.70%	30.80%	50.30%	46.00%	38.50%	Upgrade
Depreciation & Amortization	1,481	1,520	1,503	1,293	1,158	1,195	1,184	1,200	1,002	997	Upgrade
EBIT	2,697	899	1,437	1,694	1,812	3,851	1,626	3,691	2,593	2,086	Upgrade
EBIT Margin	19.20%	8.00%	12.50%	15.00%	17.90%	41.00%	17.80%	38.00%	33.20%	26.00%	Upgrade

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).