Corning Incorporated (GLW) financial statements (2021 and earlier)
Company profile
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019
| 12/31/2018
| 12/31/2017
| 12/31/2016
| 12/31/2015
| 12/31/2014
| 12/31/2013
|
|
ASSETS |
|
Current Assets |
|
Cash, cash equivalents, and short-term investments | | 2,355 | 4,317 | 5,291 | 4,600 | 6,068 | 5,235 |
|
Cash and cash equivalents | | 2,355 | 4,317 | 5,291 | 4,500 | 5,309 | 4,704 |
|
Short-term investments | | | | | 100 | 759 | 531 |
|
Receivables | 1,836 | 1,940 | 1,807 | 1,481 | 1,372 | 1,501 | 1,253 |
|
Inventory, net of allowances, customer advances and progress billings | 2,320 | 2,037 | 1,712 | 1,471 | 1,385 | 1,322 | 1,270 |
|
Inventory | 2,320 | 2,037 | 1,712 | 1,471 | 1,385 | 1,322 | 1,270 |
|
Derivative instruments and hedges, assets | | | | | | 687 | |
|
Other current assets | 873 | 702 | 991 | 805 | 912 | 1,099 | 855 |
|
Other undisclosed current assets | 2,434 | | | | | (439) | 278 |
|
Total current assets: | 7,463 | 7,034 | 8,827 | 9,048 | 8,269 | 10,238 | 8,891 |
|
Noncurrent Assets |
|
Property, plant and equipment | 15,337 | 14,895 | 14,017 | 12,546 | 12,648 | 12,766 | 9,801 |
|
Long-term investments and receivables | 334 | 16 | 340 | 365 | 1,975 | 1,801 | 5,537 |
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Long-term investments | 334 | 16 | 340 | 365 | 1,975 | 1,801 | 5,537 |
|
Intangible assets, net (including goodwill) | 3,120 | 3,228 | 2,563 | 2,373 | 2,086 | 1,647 | 1,542 |
|
Goodwill | 1,935 | 1,936 | 1,694 | 1,577 | 1,380 | 1,150 | 1,002 |
|
Intangible assets, net (excluding goodwill) | 1,185 | 1,292 | 869 | 796 | 706 | 497 | 540 |
|
Derivative instruments and hedges | | | | | 473 | 847 | |
|
Deferred income tax assets | 1,157 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Business combination, contingent consideration, asset | | | | | 246 | 445 | ✕ |
|
Other noncurrent assets | 1,487 | 1,021 | 934 | 1,271 | 1,513 | 1,722 | 473 |
|
Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | 35 | 50 | 47 | |
|
Other undisclosed noncurrent assets | | 1,311 | 813 | 2,261 | 1,287 | 550 | 2,234 |
|
Total noncurrent assets: | 21,435 | 20,471 | 18,667 | 18,851 | 20,278 | 19,825 | 19,587 |
|
TOTAL ASSETS: | 28,898 | 27,505 | 27,494 | 27,899 | 28,547 | 30,063 | 28,478 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | 3,510 | 3,307 | 2,830 | 2,495 | 2,242 | 2,956 | 2,309 |
|
Accounts payable | 1,587 | 1,456 | 1,439 | 1,079 | 934 | 997 | 771 |
|
Accrued liabilities | 1,923 | 1,851 | 1,391 | 1,416 | 1,308 | 1,291 | 954 |
|
Employee-related liabilities | | | | | | 562 | 445 |
|
Taxes payable | | | | | | 106 | 139 |
|
Debt | 11 | 4 | 379 | 256 | 572 | 36 | 21 |
|
Liability for uncertainty in income taxes | | | | | | 8 | 5 |
|
Deferred tax liabilities | ✕ | | | | | 5 | 1 |
|
Other undisclosed current liabilities | | | | | | (681) | (590) |
|
Total current liabilities: | 3,521 | 3,311 | 3,209 | 2,751 | 2,814 | 2,324 | 1,746 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation, including: | 7,729 | 5,994 | 4,749 | 3,646 | 3,910 | 3,227 | 3,272 |
|
Finance lease, liability | 271 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Operating lease, liability | 450 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
|
Other undisclosed long-term debt and lease obligation | 7,008 | 5,994 | 4,749 | 3,646 | 3,910 | 3,227 | 3,272 |
|
Liabilities, other than long-term debt | 4,651 | 4,314 | 3,766 | 2,805 | 2,242 | 4,339 | 2,262 |
|
Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 766 |
|
Accounts payable and accrued liabilities | | | | | | 1,365 | |
|
Deferred tax liabilities, net | ✕ | | | | | 376 | 13 |
|
Liability, pension and other postretirement and postemployment benefits | 671 | 662 | 749 | | | 552 | ✕ |
|
Other liabilities | 3,980 | 3,652 | 3,017 | 2,805 | 2,242 | 2,046 | 1,483 |
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Other undisclosed noncurrent liabilities | | | | 737 | 718 | (1,479) | (13) |
|
Total noncurrent liabilities: | 12,380 | 10,308 | 8,515 | 7,188 | 6,870 | 6,087 | 5,521 |
|
Total liabilities: | 15,901 | 13,619 | 11,724 | 9,939 | 9,684 | 8,411 | 7,267 |
|
Stockholders' equity |
|
Stockholders' equity attributable to parent | 12,907 | 13,792 | 15,698 | 17,893 | 18,788 | 21,579 | 21,162 |
|
Preferred stock | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | |
|
Common stock | 859 | 857 | 854 | 846 | 840 | 836 | 831 |
|
Treasury stock, value | (19,812) | (18,870) | (16,633) | (14,152) | (9,725) | (6,727) | (4,099) |
|
Additional paid in capital | 14,323 | 14,212 | 14,089 | 13,695 | 13,352 | 13,456 | 13,066 |
|
Accumulated other comprehensive income (loss) | (1,171) | (1,010) | (842) | (1,676) | (1,811) | (1,307) | 44 |
|
Retained earnings | 16,408 | 16,303 | 15,930 | 16,880 | 13,832 | 13,021 | 11,320 |
|
Stockholders' equity attributable to noncontrolling interest | 90 | 94 | 72 | 67 | 75 | 73 | 49 |
|
Total stockholders' equity: | 12,997 | 13,886 | 15,770 | 17,960 | 18,863 | 21,652 | 21,211 |
|
TOTAL LIABILITIES AND EQUITY: | 28,898 | 27,505 | 27,494 | 27,899 | 28,547 | 30,063 | 28,478 |
Income statement (P&L) ($ in millions)
Comprehensive Income ($ in millions)
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission
(SEC)
through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from
the 10-K and 10-Q reports submitted
to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP
Taxonomy.
Please review the original filings
for a more detailed information.