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: Liabilities and Stockholders’ Equity

Corning Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current portion of long-term debt and short-term borrowings 1.12 0.76 0.18 0.51 0.04
Accounts payable 5.14 6.12 5.35 3.81 5.49
Wages and employee benefits 2.14 2.46 2.73 1.86 1.96
Income taxes 0.24 0.43 0.65 0.56 0.63
Derivative instruments 0.23 0.59 0.48 0.61 0.35
Deferred revenue 0.64 0.49 0.49 0.49 0.00
Customer deposits 0.52 0.45 0.74 0.69 0.36
Share repurchase liability 0.00 1.72 1.68 0.00 0.00
Short-term operating lease liabilities 0.39 0.38 0.31 0.31 0.21
Other current liabilities 4.73 4.16 3.33 3.39 3.15
Other accrued liabilities 8.89% 10.67% 10.41% 7.92% 6.65%
Current liabilities 15.15% 17.54% 15.94% 12.24% 12.18%
Long-term debt, excluding current portion 25.28 22.67 23.18 25.40 26.75
Postretirement benefits other than pensions 1.40 1.38 2.06 2.36 2.32
Defined benefit pension plan liabilities 2.53 2.26 2.34 2.88 3.39
Derivative instruments 0.11 0.06 0.16 0.50 0.57
Deferred revenue 2.38 2.46 2.53 2.83 0.00
Investment in Hemlock Semiconductor Group 0.00 0.00 0.00 0.00 0.93
Customer deposits 3.80 3.85 3.56 3.73 3.21
Deferred tax liabilities 0.76 0.82 0.86 1.02 1.12
Long-term operating lease liabilities 2.97 2.70 2.29 2.06 1.56
Other non-current liabilities 3.97 4.64 5.48 3.28 2.99
Other liabilities 16.52% 16.80% 17.22% 16.30% 13.77%
Non-current liabilities 43.20% 40.85% 42.46% 44.06% 42.84%
Total liabilities 58.36% 58.39% 58.40% 56.30% 55.02%
Convertible preferred stock, Series A, par value $100 per share 0.00 0.00 0.00 7.47 7.96
Common stock, par value $0.50 per share 3.21 3.08 3.01 2.80 2.97
Additional paid-in capital, common stock 59.40 56.55 54.64 47.58 49.56
Retained earnings 57.51 56.88 54.35 52.38 56.78
Treasury stock, at cost -72.41 -69.60 -67.20 -64.75 -68.56
Accumulated other comprehensive loss -7.19 -6.20 -3.90 -2.40 -4.05
Total Corning Incorporated shareholders’ equity 40.53% 40.71% 40.90% 43.08% 44.66%
Non-controlling interest 1.11 0.91 0.70 0.62 0.31
Total equity 41.64% 41.61% 41.60% 43.70% 44.98%
Total liabilities and equity 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 liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Corning Inc. current liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Corning Inc. non-current liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Corning Inc. total liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Total Corning Incorporated shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Corning Inc. total Corning Incorporated shareholders’ equity as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.