Corning Inc. (GLW) Income Statement

Income Statement for Corning Inc. (GLW)

After Hours: $ 13.65

0.05 (+0.37%)

Volume: 148.41 k

7:28 PM EST Feb 10, 2012

Income [+]

in Millions of Dollars

12/2011

12/2010

12/2009

12/2008

12/2007

Operating Revenue

7,890

6,632

5,395

5,948

5,860

Total Revenue

7,890

6,632

5,395

5,948

5,860

Adjustments to Revenue

N/A

-

-

-

-

Cost of Revenue

(3,382)

(2,737)

(2,520)

(2,526)

(2,514)

Cost of Sales With Depreciation

4,324

3,583

3,302

3,210

3,111

Gross Margin

4,508

3,895

2,875

3,422

3,346

Gross Operating Profit

4,508

3,895

2,875

3,422

3,346

Selling/General/Admin Expense

(1,033)

(1,064)

(901)

(1,241)

(912)

Research & Development

(671)

(603)

(563)

(627)

(565)

Advertising

N/A

-

-

-

-

EBITDA (Operating Income Before Depreciation)

2,804

2,228

1,411

1,554

1,869

Depreciation & Amortization

(957)

(854)

(792)

(695)

(607)

Depreciation, Unreconciled

-

-

-

-

-

Amortization

-

-

-

-

-

Amortization of Intangibles

15

8

10

11

10

Operating Income

1,847

1,374

619

859

1,262

Operating Profit After Depreciation

1,847

1,374

619

859

1,262

Interest Income

19

11

19

85

145

Earnings from Equity Interest

1,471

1,958

1,435

1,358

942

Other Income, Net

118

282

171

658

162

Income, Acquired in Process R&D

N/A

-

-

-

-

Income, Restructuring and M&A

(129)

329

(228)

(19)

4

Other Special Charges

(24)

-

-

-

(200)

Total Income Before Interest Expense (EBIT)

3,302

3,954

2,016

2,941

2,315

Interest Expense

(89)

(109)

(82)

(59)

(82)

Income Before Tax

3,213

3,845

1,934

2,882

2,233

Income Taxes

(408)

(287)

74

2,375

(80)

Minority Interest

N/A

-

-

-

(3)

Preferred Securities of Subsidiary Trust

N/A

-

-

-

-

Other Special Charges

3,213

3,845

1,934

2,882

1,291

Net Income from Continuing Operations

2,805

3,558

2,008

5,257

2,150

Net Income from Discontinued Operations

-

-

-

-

-

Net Income from Total Operations

2,805

3,558

2,008

5,257

2,150

Normalized Income

2,958

3,229

2,236

5,276

2,346

Extraordinary Income/Loss

-

-

-

-

-

Special Income/Charges

(153)

329

(228)

(19)

(196)

Income from Cum. Effect of Acct Change

-

-

-

-

-

Income from Tax Loss Carryforward

-

-

-

-

-

Net Income Available for Common

N/A

3,558

2,008

5,257

2,150

Other Gains

-

-

-

-

-

Total Net Income

2,805

3,558

2,008

5,257

2,150

Net Income Available for Common

N/A

3,558

2,008

5,257

2,150

Results [+]

in Dollars (Preferred Dividends in Millions)

12/2011

12/2010

12/2009

12/2008

12/2007

Dividends Paid Per Share

0.23

0.20

0.20

0.20

0.10

Preferred Dividends

N/A

-

-

-

-

Basic EPS from Continuing Operations

1.80

2.28

1.30

3.37

1.37

Basic EPS from Discontinued Operations

0.00

0.00

0.00

0.00

0.00

Basic EPS from Extraordinary Income Gains/Losses

0.00

0.00

0.00

0.00

0.00

Basic EPS from Cumulative Effect of Accounting Change

0.00

0.00

0.00

0.00

0.00

Basic EPS from Tax Loss Carryforward

0.00

0.00

0.00

0.00

0.00

Basic EPS from Other Gains/Losses

0.00

0.00

0.00

0.00

0.00

Basic EPS from Total Net Income

1.80

2.28

1.30

3.37

1.37

Basic Normalized Net Income per Share

1.90

2.07

1.45

3.38

1.49

Basic EPS from Total Operations

1.80

2.28

1.30

3.37

1.37

Diluted EPS from Continuing Operations

1.77

2.25

1.28

3.32

1.34

Diluted EPS from Discontinued Operations

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Extraordinary Gains/Losses

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Cumulative Effect of Accounting Change

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Tax Loss Carryforward

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Other Gains/Losses

0.00

0.00

0.00

0.00

0.00

Diluted EPS from Total Net Income

1.77

2.25

1.28

3.32

1.34

Diluted Normalized Net Income per Share

1.87

2.04

1.43

3.33

1.46

Excise Tax

N/A

-

-

-

-

Diluted EPS from Total Operations

1.77

2.25

1.28

3.32

1.34

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