Last 7 days
1.2%
Last 30 days
-1.2%
Last 90 days
-8.2%
Trailing 12 Months
0.6%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-31 | Capps Cheryl C | back to issuer | - | - | -50,000 | svp & chief supply chain off. |
2023-08-31 | Capps Cheryl C | sold (taxes) | -31,671 | 32.82 | -965 | svp & chief supply chain off. |
2023-08-31 | Capps Cheryl C | acquired | - | - | 2,170 | svp & chief supply chain off. |
2023-07-26 | STEVERSON LEWIS A | acquired | 62,270 | 19.65 | 3,169 | evp and clao |
2023-07-26 | WEEKS WENDELL P | sold | -3,378,000 | 33.78 | -100,000 | chairman and ceo |
2023-07-26 | STEVERSON LEWIS A | sold | -572,324 | 34.2504 | -16,710 | evp and clao |
2023-07-20 | Capps Cheryl C | sold (taxes) | -737,482 | 33.19 | -22,220 | svp & chief supply chain off. |
2023-07-17 | Schlesinger Edward A | sold (taxes) | -137,222 | 33.6 | -4,084 | exec. vice president and cfo |
2023-07-17 | Amin Jaymin | sold (taxes) | -343,056 | 33.6 | -10,210 | svp and chief tech. officer |
2023-07-10 | Kammerud Jordana Daryl | acquired | - | - | 72,816 | senior vice president & chro |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | -1,440 | 210,240 | 0.09% |
2023-09-13 | CGC Financial Services, LLC | new | - | 4,555 | 4,555 | -% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -16.05 | -72,414 | 363,365 | 0.08% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 6,024,640 | 6,024,640 | 0.32% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 1,069,220 | 1,069,220 | 0.20% |
2023-08-30 | Western Wealth Management, LLC | added | 38.68 | 243,064 | 887,020 | 0.08% |
2023-08-28 | DT Investment Partners, LLC | new | - | 1,036,800 | 1,036,800 | 0.12% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 23.98 | 488,855 | 2,601,640 | 0.58% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -3,792 | 553,632 | -% |
2023-08-24 | Harvest Investment Advisors, LLC | added | 0.94 | 3,198 | 1,258,710 | 1.08% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 11.49% | 97,196,146 | SC 13G/A | |
Feb 01, 2023 | blackrock inc. | 6.6% | 55,527,143 | SC 13G/A | |
Feb 09, 2022 | vanguard group inc | 10.79% | 92,075,409 | SC 13G/A | |
Feb 09, 2022 | state street corp | 3.90% | 33,243,465 | SC 13G/A | |
Feb 04, 2022 | wellington management group llp | 4.37% | 37,273,654 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 6.3% | 53,727,975 | SC 13G/A | |
Apr 08, 2021 | samsung display co., ltd. | 9.0% | 8e+07 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 11.08% | 84,650,440 | SC 13G/A | |
Feb 08, 2021 | state street corp | 5.11% | 39,034,680 | SC 13G | |
Feb 04, 2021 | wellington management group llp | 6.50% | 49,637,646 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 05, 2023 | 8-K | Current Report | |
Sep 01, 2023 | 4 | Insider Trading | |
Jul 28, 2023 | 4 | Insider Trading | |
Jul 28, 2023 | 4 | Insider Trading | |
Jul 27, 2023 | 10-Q | Quarterly Report | |
Jul 26, 2023 | 144 | Notice of Insider Sale Intent | |
Jul 26, 2023 | 144 | Notice of Insider Sale Intent | |
Jul 25, 2023 | 8-K | Current Report | |
Jul 21, 2023 | 4 | Insider Trading | |
Jul 19, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
TEL | 39.5B | 16.4B | -2.21% | 3.59% | 19.13 | 2.42 | 3.93% | -17.82% |
CDW | 28.0B | 22.4B | 3.76% | 24.97% | 25.99 | 1.25 | -2.39% | 6.56% |
GLW | 26.5B | 13.3B | -1.19% | 0.56% | 28.4 | 1.93 | -8.71% | -68.18% |
KEYS | 23.6B | 5.6B | 2.28% | -19.41% | 20.88 | 4.22 | 6.17% | 2.08% |
JBL | 14.1B | 35.3B | 4.34% | 81.92% | 14.42 | 0.4 | 10.73% | 14.25% |
ZBRA | - | 5.5B | -11.85% | -17.44% | - | - | -5.22% | 30.78% |
MID-CAP | ||||||||
DLB | 7.8B | 1.3B | -4.46% | 13.68% | 35.71 | 6.08 | 2.12% | 9.33% |
LFUS | 6.3B | 2.5B | -2.77% | 20.45% | 19.3 | 2.54 | 6.83% | -6.01% |
FN | 5.6B | 2.6B | 31.67% | 58.01% | 22.44 | 2.1 | 16.93% | 23.72% |
BDC | 4.1B | 2.7B | 11.53% | 49.78% | 13.92 | 1.53 | 6.82% | 239.88% |
SMALL-CAP | ||||||||
KN | 1.4B | 692.6M | -7.91% | 16.25% | -6.95 | 1.98 | -19.15% | -88.42% |
CTS | 1.3B | 585.4M | -4.27% | -2.57% | 22.64 | 2.24 | 6.90% | 364.82% |
PAR | 1.1B | 391.4M | 8.18% | 31.07% | -16.03 | 2.88 | 20.49% | 23.51% |
BHE | 842.9M | 3.0B | -5.96% | -7.84% | 12.69 | 0.29 | 14.83% | 36.44% |
NSSC | 839.8M | 168.6M | 8.55% | -24.39% | 25.28 | 4.98 | 24.14% | 88.79% |
10.5%
7.1%
-0.2%
1.2%
73.1%
18.9%
16.1%
Y-axis is the maximum loss one would have experienced if Corning was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -2.7% | 13,315 | 13,687 | 14,189 | 14,459 | 14,586 | 14,472 | 14,082 | 13,756 | 13,142 | 12,202 | 11,303 | 10,770 | 10,703 | 11,082 | 11,503 | 11,721 | 11,795 | 11,602 | 11,290 | 10,892 | 10,491 |
Cost Of Revenue | -1.5% | 9,322 | 9,461 | 9,683 | 9,597 | 9,465 | 9,282 | 9,019 | 8,751 | 8,457 | 8,076 | 7,772 | 7,598 | 7,515 | 7,585 | 7,468 | 7,338 | 7,197 | 6,997 | 6,829 | 6,601 | 6,382 |
Gross Profit | -5.5% | 3,993 | 4,226 | 4,506 | 4,862 | 5,121 | 5,190 | 5,063 | 5,005 | 4,685 | 4,126 | 3,531 | 3,172 | 3,188 | 3,497 | 4,035 | 4,383 | 4,598 | 4,605 | 4,461 | 4,291 | 4,109 |
S&GA Expenses | -2.4% | 1,839 | 1,885 | 1,898 | 1,857 | 1,882 | 1,861 | 1,827 | 1,822 | 1,816 | 1,752 | 1,747 | 1,677 | 1,566 | 1,579 | 1,585 | 1,631 | 1,701 | 1,699 | 1,799 | 1,753 | 1,689 |
R&D Expenses | 2.2% | 1,076 | 1,053 | 1,047 | 1,046 | 1,019 | 1,021 | 995 | 947 | 927 | 1,115 | 1,154 | 1,200 | 1,224 | 1,043 | 1,031 | 1,018 | 1,007 | 1,001 | 993 | 969 | 940 |
EBITDA | -100.0% | - | 2,539 | 3,126 | 3,717 | 3,920 | 3,984 | 4,036 | - | - | 1,854 | 921 | 558 | 516 | 781 | 1,464 | 1,750 | 2,100 | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.19* | 0.22* | 0.26* | 0.27* | 0.28* | 0.29* | - | - | 0.15* | 0.08* | 0.05* | 0.05* | 0.07* | 0.13* | 0.15* | 0.18* | - | - | - | - |
Earnings Before Taxes | -27.5% | 901 | 1,242 | 1,797 | 2,378 | 2,611 | 2,382 | 2,426 | 2,180 | 2,137 | 1,567 | 634 | 310 | 268 | 533 | 1,216 | 1,545 | 1,895 | 2,543 | 1,503 | 1,723 | 1,444 |
EBT Margin | -100.0% | - | 0.09* | 0.13* | 0.16* | 0.18* | 0.16* | 0.17* | 0.16* | 0.16* | 0.13* | 0.06* | 0.03* | 0.03* | 0.05* | 0.11* | - | - | - | - | - | - |
Net Income | -30.5% | 644 | 926 | 1,316 | 1,861 | 2,024 | 1,915 | 1,906 | 1,678 | 1,734 | 1,215 | 512 | 298 | 208 | 378 | 960 | 1,239 | 1,527 | 2,166 | 1,075 | -629 | -864 |
Net Income Margin | -100.0% | - | 0.07* | 0.09* | 0.13* | 0.14* | 0.13* | 0.14* | 0.12* | 0.13* | 0.10* | 0.05* | 0.03* | 0.02* | 0.03* | 0.08* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 2,032 | 2,615 | 3,021 | 3,210 | 3,223 | 3,412 | 3,163 | 2,876 | 2,655 | 2,180 | 2,424 | 2,705 | 2,308 | 2,031 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -0.6% | 28,645 | 28,822 | 29,499 | 28,735 | 29,718 | 30,257 | 30,154 | 29,706 | 29,806 | 30,143 | 30,775 | 30,267 | 27,546 | 27,859 | 28,898 | 27,329 | 27,575 | 27,321 | 27,505 | 26,392 | 26,140 |
Current Assets | 6.0% | 7,293 | 6,877 | 7,453 | 7,804 | 7,883 | 7,861 | 7,659 | 7,679 | 7,648 | 8,103 | 8,004 | 8,058 | 6,846 | 6,946 | 7,463 | 6,156 | 6,311 | 6,349 | 7,034 | 6,632 | 6,484 |
Cash Equivalents | 34.2% | 1,538 | 1,146 | 1,671 | 1,630 | 1,629 | 2,016 | 2,148 | 2,212 | 2,320 | 2,868 | 2,672 | 2,514 | 2,158 | 2,025 | 2,434 | 971 | 1,178 | 1,456 | 2,355 | 1,903 | 2,023 |
Inventory | -3.7% | 2,757 | 2,863 | 2,904 | 2,951 | 2,835 | 2,618 | 2,481 | 2,463 | 2,387 | 2,361 | 2,481 | 2,581 | 2,235 | 2,347 | 2,320 | 2,337 | 2,291 | 2,190 | 2,037 | 1,921 | 1,896 |
Net PPE | -3.0% | 14,681 | 15,137 | 15,371 | 14,645 | 15,350 | 15,780 | 15,804 | 15,383 | 15,455 | 15,364 | 15,742 | 15,449 | 14,691 | 14,932 | 15,337 | 15,083 | 15,137 | 14,878 | 14,895 | 14,345 | 14,201 |
Goodwill | -0.5% | 2,382 | 2,394 | 2,394 | 2,368 | 2,389 | 2,408 | 2,421 | 2,425 | 2,433 | 2,429 | 2,460 | 2,427 | 1,925 | 1,918 | 1,935 | 1,924 | 1,938 | 1,930 | 1,936 | 1,930 | 1,918 |
Liabilities | 1.9% | 16,935 | 16,615 | 17,224 | 17,187 | 17,736 | 17,628 | 17,609 | 17,351 | 17,664 | 16,585 | 17,327 | 17,410 | 15,413 | 15,572 | 15,901 | 14,195 | 14,054 | 13,615 | 13,619 | 12,414 | 12,189 |
Current Liabilities | -7.6% | 4,411 | 4,773 | 5,175 | 5,167 | 5,530 | 5,061 | 4,806 | 4,337 | 4,624 | 3,513 | 3,767 | 3,849 | 3,020 | 3,191 | 3,521 | 3,600 | 3,416 | 3,059 | 3,311 | 3,112 | 2,908 |
Long Term Debt | 11.8% | 7,437 | 6,654 | 6,687 | 6,500 | 6,700 | 6,839 | 7,000 | 7,019 | 7,000 | 7,700 | 7,816 | 7,822 | 7,797 | 7,800 | 7,729 | 6,225 | 6,080 | 6,018 | 5,994 | 5,056 | 5,099 |
Shareholder's Equity | -6.5% | 11,412 | 12,207 | 12,008 | 11,284 | 11,982 | 12,629 | 12,545 | 12,355 | 12,142 | 13,558 | 13,448 | 12,857 | 12,133 | 12,287 | 12,997 | 13,134 | 13,521 | 13,706 | 13,886 | 13,978 | 13,951 |
Retained Earnings | -1.2% | 16,509 | 16,713 | 16,778 | 17,044 | 16,837 | 16,737 | 16,389 | 16,110 | 15,739 | 16,509 | 16,120 | 16,065 | 15,847 | 16,114 | 16,408 | 16,555 | 16,399 | 16,489 | 16,303 | 16,186 | 15,731 |
Additional Paid-In Capital | 0.4% | 16,817 | 16,746 | 16,682 | 16,649 | 16,590 | 16,531 | 16,475 | 16,398 | 16,352 | 14,722 | 14,642 | 14,494 | 14,398 | 14,340 | 14,323 | 14,295 | 14,277 | 14,243 | 14,212 | 14,201 | 14,158 |
Accumulated Depreciation | -0.5% | 14,171 | 14,239 | 14,147 | 13,348 | 13,499 | 14,010 | 13,969 | 13,857 | 13,657 | 13,514 | 13,663 | 13,874 | 13,476 | 13,187 | 12,995 | 12,731 | 12,506 | 12,136 | 11,932 | 11,368 | 11,259 |
Minority Interest | 5.7% | 298 | 282 | 267 | 264 | 248 | 234 | 212 | 210 | 182 | 189 | 191 | 197 | 84.00 | 89.00 | 90.00 | 100 | 96.00 | 99.00 | 94.00 | 88.00 | 74.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | -6.8% | 1,893 | 2,032 | 2,615 | 3,021 | 3,210 | 3,223 | 3,412 | 3,163 | 2,876 | 2,655 | 2,180 | 2,424 | 2,705 | 2,308 | 2,031 | 1,954 | 2,008 | 2,570 | 2,919 | 2,866 | 2,568 |
Share Based Compensation | 4.3% | 193 | 185 | 175 | 218 | 205 | 198 | 190 | 197 | 220 | 235 | 207 | 150 | 52.00 | - | 56.00 | 52.00 | 60.00 | - | 51.00 | - | - |
Cashflow From Investing | 0.2% | -1,303 | -1,305 | -1,355 | -1,585 | -1,571 | -1,409 | -1,419 | -1,181 | -941 | -1,059 | -1,310 | -1,289 | -1,641 | -1,947 | -1,891 | -2,155 | -2,166 | -2,726 | -2,887 | -2,758 | -2,831 |
Cashflow From Financing | 58.3% | -635 | -1,522 | -1,649 | -1,892 | -2,241 | -2,637 | -2,452 | -2,304 | -1,846 | -825 | -729 | 371 | -57.00 | 252 | -47.00 | -712 | -679 | -1,429 | -1,995 | -2,145 | -2,064 |
Buy Backs | - | 40.00 | - | 221 | 473 | 474 | 563 | 274 | 42.00 | - | - | 105 | 337 | 638 | 788 | 940 | 1,055 | 1,151 | 1,684 | 2,227 | 2,268 | 2,890 |
Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Net sales | $ 3,243 | $ 3,615 | $ 6,421 | $ 7,295 |
Cost of sales | 2,230 | 2,369 | 4,405 | 4,766 |
Gross margin | 1,013 | 1,246 | 2,016 | 2,529 |
Operating expenses: | ||||
Selling, general and administrative expenses | 440 | 486 | 861 | 920 |
Research, development and engineering expenses | 263 | 240 | 517 | 488 |
Amortization of purchased intangibles | 31 | 30 | 62 | 61 |
Operating income | 279 | 490 | 576 | 1,060 |
Interest income | 8 | 3 | 15 | 6 |
Interest expense | (81) | (72) | (157) | (143) |
Translated earnings contract gain, net (Note 10) | 116 | 196 | 108 | 325 |
Other income, net | 87 | 133 | 95 | 285 |
Income before income taxes | 409 | 750 | 637 | 1,533 |
Provision for income taxes (Note 3) | (106) | (166) | (143) | (346) |
Net income | 303 | 584 | 494 | 1,187 |
Net income attributable to non-controlling interest | (22) | (21) | (37) | (43) |
Net income attributable to Corning Incorporated | $ 281 | $ 563 | $ 457 | $ 1,144 |
Earnings per common share available to common shareholders: | ||||
Basic (Note 4) (in dollars per share) | $ 0.33 | $ 0.67 | $ 0.54 | $ 1.36 |
Diluted (Note 4) (in dollars per share) | $ 0.33 | $ 0.66 | $ 0.53 | $ 1.33 |
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 1,538 | $ 1,671 |
Trade accounts receivable, net of doubtful accounts - $29 and $40 | 1,674 | 1,721 |
Inventories (Note 5) | 2,757 | 2,904 |
Other current assets | 1,324 | 1,157 |
Total current assets | 7,293 | 7,453 |
Property, plant and equipment, net of accumulated depreciation - $14,171 and $14,147 | 14,681 | 15,371 |
Goodwill, net | 2,382 | 2,394 |
Other intangible assets, net | 972 | 1,029 |
Deferred income taxes (Note 3) | 1,083 | 1,073 |
Other assets | 2,234 | 2,179 |
Total Assets | 28,645 | 29,499 |
Current liabilities: | ||
Current portion of long-term debt and short-term borrowings | 187 | 224 |
Accounts payable | 1,519 | 1,804 |
Other accrued liabilities (Notes 6 and 9) | 2,705 | 3,147 |
Total current liabilities | 4,411 | 5,175 |
Long-term debt (Note 7) | 7,437 | 6,687 |
Postretirement benefits other than pensions (Note 8) | 407 | 407 |
Other liabilities (Notes 6 and 9) | 4,680 | 4,955 |
Total liabilities | 16,935 | 17,224 |
Commitments and contingencies (Note 9) | ||
Shareholders’ equity (Note 12): | ||
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion | 915 | 910 |
Additional paid-in capital – common stock | 16,817 | 16,682 |
Retained earnings | 16,509 | 16,778 |
Treasury stock, at cost; Shares held: 980 million and 977 million | (20,630) | (20,532) |
Accumulated other comprehensive loss | (2,199) | (1,830) |
Total Corning Incorporated shareholders’ equity | 11,412 | 12,008 |
Non-controlling interest | 298 | 267 |
Total equity | 11,710 | 12,275 |
Total Liabilities and Equity | $ 28,645 | $ 29,499 |