Corning Incorporated (GLW)

NYSE: GLW · Drawing & Insulating of Nonferrous Wire · Corning, NY · filing with the SEC since 1994

Grade6.9

◀ Past 6.7● Present 6.9▶ Future 7.1

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 12, 2026	Feb 13, 2025	Feb 12, 2024	Feb 13, 2023	Feb 14, 2022	Feb 12, 2021	Feb 18, 2020	Feb 12, 2019	Feb 15, 2018	Feb 6, 2017
Revenue	15,629	13,118	12,588	14,189	14,082	11,303	11,503	11,290	10,116	9,390
Cost of revenue	10,008	8,842	8,657	9,683	9,019	7,772	7,468	6,829	6,096^r	5,627^r
Gross profit	5,621	4,276	3,931	4,506	5,063	3,531	4,035	4,461	4,020^r	3,763^r
Research and development	800	800	900	900	800	1,000	800^r	807	689	637
Selling, general and administrative	2,122	1,931	1,843	1,898	1,827	1,747	1,585	1,799	1,473^r	1,462^r
Operating income	2,279	1,135	890	1,438	2,112	509	1,306	1,575	1,608^r	1,424^r
Interest expense	336	329	329	292	·	·	·	·	·	·
Interest and investment income	38	47	38	15	11	15	21	38	45	32
Share of profit of equity-method investments	·	·	·	·	35	-25	17	390	361	284
Other income (expense), net	-79	-123	56	285	249^r	-74^r	-155	-216	-81^r	-117^r
Income before income taxes	2,052	813	816	1,797	2,426^r	634^r	1,216	1,503	1,657	3,692
Income tax expense	310	221	168	411	491	111	256	437	2,154	-3
Net income including non-controlling interests	1,742	592	648	1,386	1,935	523	979	1,090	-479	3,705
Net income to non-controlling interests	146	86	67	70	29	11	·	·	·	·
Net income	1,596	506	581	1,316	1,906	512	960	1,066	-497	3,695
Preferred dividends	·	·	·	·	24	98	98	98	98	98
Net income to common shareholders	·	·	581	1,316	1,079	414	862	968	-595	3,597
Earnings per share, basic	1.87	0.59	0.69	1.56	1.30	0.54	1.11	1.19	-0.66	3.53
Earnings per share, diluted	1.83	0.58	0.68	1.54	1.28	0.54	1.07	1.13	-0.66	3.23
Weighted average shares, basic	855	853	848	843	828	761	776	816	895	1,020
Weighted average shares, diluted	871	869	859	857	844	772	899	941	895	1,144

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:Revenues
us-gaap:SalesRevenueGoodsNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton GLW · research, not advice