Stock Analysis on Net
Stock Analysis on Net

Corning Inc. (NYSE:GLW)

This company has been moved to the archive! The financial data has not been updated since May 2, 2024.

Common-Size Balance Sheet: Assets 

Corning Inc., common-size consolidated balance sheet: assets

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 6.24 5.66 7.12 8.68 8.42
Trade accounts receivable, net of doubtful accounts 5.52 5.83 6.65 6.93 6.35
Inventories 9.35 9.84 8.23 7.92 8.03
Derivative instruments 1.76 1.54 1.11 0.48 0.54
South Korean tax deposits 0.00 0.00 0.00 0.00 0.11
Other current assets 2.44 2.38 2.29 1.99 2.36
Other current assets 4.19% 3.92% 3.40% 2.47% 3.02%
Current assets 25.31% 25.27% 25.40% 26.01% 25.83%
Property, plant and equipment, net of accumulated depreciation 51.33 52.11 52.41 51.15 53.07
Goodwill 8.35 8.12 8.03 7.99 6.70
Other intangible assets, net 3.18 3.49 3.81 4.25 4.10
Deferred income taxes 4.05 3.64 3.54 3.64 4.00
Derivative instruments 0.46 0.76 0.54 0.40 0.32
South Korean tax deposits 0.92 1.18 1.16 1.19 1.44
Operating lease right-of-use assets 3.10 2.85 2.46 2.21 1.74
Investments 1.45 1.22 1.05 1.41 1.16
Other non-current assets 1.87 1.37 1.60 1.74 1.65
Other assets 7.79% 7.39% 6.82% 6.95% 6.30%
Non-current assets 74.69% 74.73% 74.60% 73.99% 74.17%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Corning Inc. current assets as a percentage of total assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Property, plant and equipment, net of accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Corning Inc. property, plant and equipment, net of accumulated depreciation as a percentage of total assets decreased from 2021 to 2022 and from 2022 to 2023.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Corning Inc. non-current assets as a percentage of total assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.