Last 7 days
-1.4%
Last 30 days
-4.6%
Last 90 days
3.5%
Trailing 12 Months
-12.3%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
TEL | 39.5B | 16.3B | -1.61% | -4.17% | 17.5 | 2.42 | 7.13% | -7.65% |
KEYS | 33.7B | 5.4B | -1.89% | -1.50% | 30.02 | 6.23 | 9.69% | 25.73% |
GLW | 27.8B | 14.2B | -4.56% | -12.29% | 21.11 | 1.96 | 0.76% | -30.95% |
CDW | 26.0B | 23.7B | -5.75% | 10.01% | 23.31 | 1.09 | 14.06% | 12.74% |
ZBRA | 14.9B | 5.8B | -5.29% | -32.44% | 30.01 | 2.57 | 2.74% | -44.68% |
JBL | 11.2B | 34.5B | 1.15% | 34.23% | 11.44 | 0.32 | 15.08% | 32.70% |
MID-CAP | ||||||||
DLB | 7.9B | 1.2B | 0.58% | 9.22% | 43.3 | 6.42 | -0.48% | -28.07% |
LFUS | 6.5B | 2.5B | 1.65% | 4.37% | 17.42 | 2.59 | 20.86% | 31.54% |
FN | 4.1B | 2.5B | -9.29% | 4.95% | 17.28 | 1.64 | 17.99% | 35.28% |
BDC | 3.6B | 2.6B | -3.74% | 44.80% | 14.08 | 1.38 | 13.26% | 298.38% |
SMALL-CAP | ||||||||
KN | 1.5B | 764.7M | -3.32% | -24.94% | -3.45 | 1.94 | -11.91% | -385.97% |
CTS | 1.4B | 586.9M | 2.30% | 26.78% | 24.05 | 2.44 | 14.42% | 242.30% |
NSSC | 1.4B | 160.9M | 18.68% | 75.37% | 54.15 | 8.63 | 25.62% | 37.31% |
PAR | 874.5M | 355.8M | -11.35% | -22.29% | -12.62 | 2.46 | 25.78% | 8.55% |
BHE | 796.8M | 2.9B | -6.90% | -9.54% | 11.68 | 0.28 | 27.98% | 90.74% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | -1.9% | 14,189 | 14,459 | 14,586 | 14,472 | 14,082 |
Cost Of Revenue | 0.9% | 9,683 | 9,597 | 9,465 | 9,282 | 9,019 |
Gross Profit | -7.3% | 4,506 | 4,862 | 5,121 | 5,190 | 5,063 |
S&GA Expenses | 2.2% | 1,898 | 1,857 | 1,882 | 1,861 | 1,827 |
R&D Expenses | 0.1% | 1,047 | 1,046 | 1,019 | 1,021 | 995 |
EBITDA | -15.9% | 3,126 | 3,717 | 3,920 | 3,984 | - |
EBITDA Margin | -14.3% | 0.22* | 0.26* | 0.27* | 0.28* | - |
Earnings Before Taxes | -23.7% | 1,797 | 2,356 | 2,589 | 2,360 | 2,426 |
EBT Margin | -22.3% | 0.13* | 0.16* | 0.18* | 0.16* | - |
Interest Expenses | - | 287 | - | - | - | - |
Net Income | -30.1% | 1,316 | 1,882 | 2,045 | 1,915 | 1,906 |
Net Income Margin | -28.7% | 0.09* | 0.13* | 0.14* | 0.13* | - |
Free Cahsflow | -13.4% | 2,615 | 3,021 | 3,210 | 3,223 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 2.7% | 29,499 | 28,735 | 29,718 | 30,257 | 30,154 |
Current Assets | -4.5% | 7,453 | 7,804 | 7,883 | 7,861 | 7,659 |
Cash Equivalents | 2.5% | 1,671 | 1,630 | 1,629 | 2,016 | 2,148 |
Inventory | -1.6% | 2,904 | 2,951 | 2,835 | 2,618 | 2,481 |
Net PPE | 5.0% | 15,371 | 14,645 | 15,350 | 15,780 | 15,804 |
Goodwill | 1.1% | 2,394 | 2,368 | 2,389 | 2,408 | 2,421 |
Liabilities | 0.2% | 17,224 | 17,187 | 17,736 | 17,628 | 17,609 |
Current Liabilities | 0.2% | 5,175 | 5,167 | 5,530 | 5,061 | 4,806 |
. Short Term Borrowings | - | - | - | - | - | - |
Long Term Debt | 2.5% | 6,687 | 6,525 | 6,700 | 6,839 | 6,989 |
Shareholder's Equity | 6.4% | 12,008 | 11,284 | 11,982 | 12,629 | 12,333 |
Retained Earnings | -1.6% | 16,778 | 17,044 | 16,837 | 16,737 | 16,389 |
Additional Paid-In Capital | 0.2% | 16,682 | 16,649 | 16,590 | 16,531 | 16,475 |
Accumulated Depreciation | 6.0% | 14,147 | 13,348 | 13,499 | 14,010 | 13,969 |
Minority Interest | 1.1% | 267 | 264 | 248 | 234 | 212 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | -13.4% | 2,615 | 3,021 | 3,210 | 3,223 | 3,412 |
Share Based Compensation | -19.7% | 175 | 218 | 205 | 198 | 190 |
Cashflow From Investing | 14.5% | -1,355 | -1,585 | -1,571 | -1,409 | -1,419 |
Cashflow From Financing | 12.8% | -1,649 | -1,892 | -2,241 | -2,637 | -2,452 |
Buy Backs | -53.3% | 221 | 473 | 474 | 563 | 274 |
75.8%
18.9%
16.1%
Y-axis is the maximum loss one would have experienced if Corning was unfortunately bought at previous high price.
12.4%
9.9%
6.1%
21%
FIve years rolling returns for Corning.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.58 | 491,817 | 6,402,120 | 0.05% |
2023-03-23 | Prostatis Group LLC | added | 9.94 | 1,634 | 17,538 | 0.01% |
2023-03-20 | Socha Financial Group, LLC | new | - | 338,316 | 338,316 | 0.24% |
2023-03-17 | American Portfolios Advisors | added | 6.37 | -8,948 | 430,467 | 0.02% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -32.67 | -899,375 | 2,573,620 | 0.07% |
2023-03-10 | BAILLIE GIFFORD & CO | unchanged | - | 1,687 | 21,687 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -10.12 | -405,953 | 37,264,000 | 0.04% |
2023-03-08 | Capital Asset Advisory Services LLC | reduced | -2.81 | 13,934 | 213,934 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -1.49 | 1,294,000 | 16,667,000 | 0.08% |
2023-03-03 | TIAA, FSB | reduced | -16.23 | -33,261 | 398,739 | -% |
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 | |
---|---|---|---|
Mar 17, 2023 | DEF 14A | DEF 14A | |
Mar 17, 2023 | DEFA14A | DEFA14A | |
Mar 08, 2023 | 4 | Insider Trading | |
Mar 01, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | 4 | Insider Trading | |
Feb 13, 2023 | 10-K | Annual Report | |
Feb 10, 2023 | 4 | Insider Trading | |
Feb 10, 2023 | 4 | Insider Trading | |
Feb 10, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-07 | Fang Li | acquired | 285,711 | 14.3509 | 19,909 | president & gm, international |
2023-03-07 | Fang Li | sold | -700,178 | 35.1689 | -19,909 | president & gm, international |
2023-02-27 | McRae Lawrence D | sold | -1,440,480 | 34.3054 | -41,990 | vice chairman & corp. dev. off |
2023-02-27 | McRae Lawrence D | acquired | 843,729 | 20.0936 | 41,990 | vice chairman & corp. dev. off |
2023-02-16 | Zhang John Z | sold | -204,004 | 35.516 | -5,744 | senior vp & gm, display |
2023-02-13 | WEEKS WENDELL P | sold | -3,450,360 | 35.5096 | -97,167 | chairman and ceo |
2023-02-13 | WEEKS WENDELL P | acquired | 2,031,250 | 20.9048 | 97,167 | chairman and ceo |
2023-02-08 | Schlesinger Edward A | sold (taxes) | -13,564 | 35.14 | -386 | exec. vice president and cfo |
2023-02-08 | Mullins Anne | acquired | - | - | 569 | - |
2023-02-08 | McRae Lawrence D | acquired | - | - | 1,195 | vice chairman & corp. dev. off |
Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |||
Net sales | $ 3,488 | $ 3,615 | $ 10,783 | $ 10,406 | ||
Cost of sales | 2,426 | 2,294 | 7,192 | 6,614 | ||
Gross margin | 1,062 | 1,321 | 3,591 | 3,792 | ||
Operating expenses: | ||||||
Selling, general and administrative expenses | 461 | 486 | 1,381 | 1,351 | ||
Research, development and engineering expenses | 278 | 251 | 766 | 715 | ||
Amortization of purchased intangibles | 31 | 32 | 92 | 97 | ||
Operating income | 292 | 552 | 1,352 | 1,629 | ||
Interest income | 3 | 3 | 9 | 8 | ||
Interest expense | (73) | (72) | (216) | (227) | ||
Translated earnings contract (loss) gain, net (Note 11) | (68) | (13) | 257 | 262 | ||
Other income, net | 106 | 23 | 391 | 169 | ||
Income before income taxes | 260 | 493 | 1,793 | 1,841 | ||
Provision for income taxes (Note 4) | (34) | (109) | (380) | (402) | ||
Net income | 226 | 384 | 1,413 | 1,439 | ||
Net income attributable to non-controlling interests | (18) | (13) | (61) | (20) | ||
Net income attributable to Corning Incorporated | $ 208 | $ 371 | $ 1,352 | $ 1,419 | ||
Earnings per common share available to common shareholders: | ||||||
Basic (Note 5) (in dollars per share) | $ 0.25 | $ 0.44 | $ 1.60 | $ 0.72 | ||
Diluted (Note 5) (in dollars per share) | $ 0.24 | $ 0.43 | $ 1.58 | $ 0.71 | ||
Net income attributable to Corning Incorporated | $ 208 | $ 371 | $ 1,352 | $ 1,419 | ||
Series A convertible preferred stock dividend | (24) | |||||
Excess consideration paid for redemption of preferred shares (1) | [1] | (803) | ||||
Net income available to common shareholders | $ 208 | $ 371 | $ 1,352 | $ 592 | ||
|
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 1,630 | $ 2,148 |
Trade accounts receivable, net of doubtful accounts - $39 and $42 | 1,620 | 2,004 |
Inventories, net (Note 6) | 2,951 | 2,481 |
Other current assets | 1,603 | 1,026 |
Total current assets | 7,804 | 7,659 |
Property, plant and equipment, net of accumulated depreciation - $13,348 and $13,969 | 14,645 | 15,804 |
Goodwill, net | 2,368 | 2,421 |
Other intangible assets, net | 1,049 | 1,148 |
Deferred income taxes (Note 4) | 998 | 1,066 |
Other assets | 1,871 | 2,056 |
Total Assets | 28,735 | 30,154 |
Current liabilities: | ||
Current portion of long-term debt and short-term borrowings (Note 8) | 208 | 55 |
Accounts payable | 1,808 | 1,612 |
Other accrued liabilities (Note 7 and Note 10) | 3,151 | 3,139 |
Total current liabilities | 5,167 | 4,806 |
Long-term debt (Note 8) | 6,525 | 6,989 |
Postretirement benefits other than pensions (Note 9) | 585 | 622 |
Other liabilities (Note 7 and Note 10) | 4,910 | 5,192 |
Total liabilities | 17,187 | 17,609 |
Commitments and contingencies (Note 10) | ||
Shareholders’ equity (Note 13): | ||
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion | 910 | 907 |
Additional paid-in capital – common stock | 16,649 | 16,475 |
Retained earnings | 17,044 | 16,389 |
Treasury stock, at cost; Shares held: 977 million and 970 million | (20,528) | (20,263) |
Accumulated other comprehensive loss | (2,791) | (1,175) |
Total Corning Incorporated shareholders’ equity | 11,284 | 12,333 |
Non-controlling interests | 264 | 212 |
Total equity | 11,548 | 12,545 |
Total Liabilities and Equity | $ 28,735 | $ 30,154 |