CORNING INCGLW

Market cap

$73.2B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net sales	6,632	7,890	8,012	7,819	9,715	9,111	9,390	10,116	11,290	11,503	11,303	14,082	14,189	12,588	13,118
Cost of sales	3,583	4,324	4,615	4,495	5,663	5,458	5,644	6,084	6,829	7,468	7,772	9,019	9,683	8,657	8,842
Gross margin	3,049	3,566	3,397	3,324	4,052	3,653	3,746	4,032	4,461	4,035	3,531	5,063	4,506	3,931	4,276
Selling, General and Administrative Expense	1,015	1,033	1,165	1,126	1,211	1,523	1,472	1,467	1,799	1,585	1,747	1,827	1,898	1,843	1,931
Research, development and engineering expenses	603	671	745	710	815	769	742	860	993	1,031	1,154	995	1,047	1,076	1,089
Amortization of Intangible Assets	8	15	19	31	33	54	64	75	94	113	121	129	123	122	121
Operating income	1,801	1,694	1,321	1,371	1,931	1,322	1,391	1,630	1,575	1,306	509	2,112	1,438	890	1,135
Interest income	11	19	14	8	26	21	32	45	38	21	15	11	15	38	47
Interest expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	329
Translated Earnings Contract Gain, Net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83
Other (expense) income, net	184	118	83	667	1,394	-101	-84	-103	-216	-155	-60	185	285	56	-123
Income before income taxes	-	-	-	-	-	-	-	1,657	1,503	1,216	623	2,397	1,797	816	813
Provision for income taxes (Note 6)	287	408	389	512	1,096	147	-3	2,154	437	256	111	491	411	168	221
Net income	-	-	-	-	-	-	-	-	-	-	-	-	1,386	648	592
Net income attributable to non-controlling interest	-	-	-	-	-	-	-	-	-	-	-	-	70	67	86
Net income attributable to Corning Incorporated	3,558	2,805	1,728	1,961	2,472	1,339	3,695	-497	1,066	960	512	1,906	1,386	648	592
Earnings Per Share, Basic	2.28	1.8	1.16	1.35	1.82	1.02	3.53	-0.66	1.19	1.11	0.54	1.3	1.56	0.69	0.59
Earnings Per Share, Diluted	2.25	1.77	1.15	1.34	1.73	1	3.23	-0.66	1.13	1.07	0.54	1.28	1.54	0.68	0.58