Corning Incorporated
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Corning Incorporated's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 11% to $12,588,000,000. Profit margin reached 5%. Total operating expenses were $3,041,000,000.
Profit Margin
| 2014 | 9.71B | 2.47B | 25.45% |
|---|---|---|---|
| 2015 | 9.11B | 1.33B | 14.7% |
| 2016 | 9.39B | 3.69B | 39.35% |
| 2017 | 10.11B | -497M | -4.91% |
| 2018 | 11.29B | 1.06B | 9.44% |
| 2019 | 11.50B | 960M | 8.35% |
| 2020 | 11.30B | 512M | 4.53% |
| 2021 | 14.08B | 1.90B | 13.54% |
| 2022 | 14.18B | 1.31B | 9.27% |
| 2023 | 12.58B | 581M | 4.62% |
0R2X.L Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 12.58B | 14.18B | 14.08B | 11.30B | 11.50B | 11.29B | 10.11B | 9.39B | 9.11B | 9.71B |
Cost of revenue | 8.65B | 9.68B | 9.01B | 7.77B | 7.46B | 6.82B | 6.08B | 5.64B | 5.45B | 5.66B |
Gross profit | 3.93B | 4.50B | 5.06B | 3.53B | 4.03B | 4.46B | 4.03B | 3.74B | 3.65B | 4.05B |
Operating exp. | ||||||||||
Research and development | 1.07B | 1.04B | 995M | 1.15B | 1.03B | 993M | 860M | 742M | 769M | 815M |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 3.04B | 3.06B | 2.95B | 3.02B | 2.72B | 2.88B | 2.40B | 2.27B | 2.34B | 2.05B |
Operating income | 890M | 1.43B | 2.11B | 509M | 1.30B | 1.57B | 1.63B | 1.39B | 1.32B | 1.93B |
Other income (expenses), net | -74M | 359M | 285M | 114M | -90M | 81M | 27M | 2.35B | 164M | 1.63B |
Income before tax | 816M | 1.79B | 2.39B | 623M | 1.21B | 1.50B | 1.65B | 3.69B | 1.48B | 3.56B |
Income tax expense | 168M | 411M | 491M | 111M | 256M | 437M | 2.15B | -3M | 147M | 1.09B |
Net income | 581M | 1.31B | 1.90B | 512M | 960M | 1.06B | -497M | 3.69B | 1.33B | 2.47B |
Earnings per share | ||||||||||
Basic EPS | 0.69 | 1.56 | 1.3 | 0.54 | 1.11 | 1.13 | -0.56 | 3.53 | 1.02 | 1.82 |
Diluted EPS | 0.68 | 1.54 | 1.28 | 0.54 | 1.07 | 1.13 | -0.56 | 3.23 | 1 | 1.73 |
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