CORNING INC /NY

GLW · XNYS

CIK 24741fmd_1KJNWM3KYTHKQYXYM6DYP2KN4EManufacturing · Drawing & Insulating of Nonferrous WireTemplate: Standard

Coverage: Jan 01, 2007 to Sep 30, 2026, 76 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	9,390	10,116	11,290	11,503	11,303	14,082	14,189	12,588	13,118	15,629
Cost of revenue	5,627	6,096	6,829	7,468	7,772	9,019	9,683	8,657	8,842	10,008
Gross profit	3,763	4,020	4,461	4,035	3,531	5,063	4,506	3,931	4,276	5,621
Research and development	637	689	807	800	1,000	800	900	900	800	800
Selling, general and administrative	1,462	1,473	1,799	1,585	1,747	1,827	1,898	1,843	1,931	2,122
Operating income	1,424	1,608	1,575	1,306	509	2,112	1,438	890	1,135	2,279
Interest expense	159	155	191	221	276	300	292	329	329	336
Interest and investment income	32	45	38	21	15	11	15	38	47	38
Other non-operating income (expense)	(117)	(81)	(216)	(155)	(74)	249	285	56	(123)	(79)
Income before taxes	3,692	1,657	1,503	1,216	634	2,426	1,797	816	813	2,052
Income tax expense	(3)	2,154	437	256	111	491	411	168	221	310
Net income from continuing operations	3,695	(497)	1,066	960	523	1,935	1,386	648	592	1,742
Net income	3,695	(497)	1,066	960	512	1,906	1,316	581	506	1,596
Net income to common shareholders	3,597	(595)	968	862	414	1,079	1,316	581	–	–