Stock Analysis on Net
Stock Analysis on Net

Corning Inc. (NYSE:GLW)

$22.49

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

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Corning Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current portion of long-term debt and short-term borrowings
Accounts payable
Other accrued liabilities
Current liabilities
Long-term debt, excluding current portion
Postretirement benefits other than pensions
Other liabilities
Non-current liabilities
Total liabilities
Convertible preferred stock, Series A, par value $100 per share
Common stock, par value $0.50 per share
Additional paid-in capital, common stock
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Total Corning Incorporated shareholders’ equity
Non-controlling interest
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Current portion of long-term debt and short-term borrowings
The current portion of debt saw a significant spike starting from March 31, 2020, reaching a peak in December 2020. Following this peak, the figures fluctuated but remained higher than the levels observed before 2020, indicating increased short-term debt obligations post-2019.
Accounts payable
Accounts payable demonstrated a general upward trend from March 2019 through mid-2022, peaking around June 2022. From that point forward, there was a steady decline until the end of 2023, followed by stabilization in early 2024. This suggests fluctuations in payment obligations, likely reflective of changing operational activities and supplier terms over the years.
Other accrued liabilities
Other accrued liabilities increased notably from late 2019 through 2021, peaking near the end of 2021. Thereafter, a downward trend is observed through 2023, with some minor fluctuations, indicating a reduction in accrued expenses or liabilities during recent periods.
Current liabilities
Current liabilities escalated sharply starting late 2020, reaching a high in late 2021. Following this peak, there was a gradual decrease throughout 2022 and 2023, suggesting tighter management or reductions in short-term obligations in recent periods.
Long-term debt, excluding current portion
Long-term debt showed a general decline from late 2019 up to late 2021, indicating possible repayment or refinancing activities. However, from 2022 onwards, an uptick appeared in certain quarters, illustrating some variability but with the debt overall remaining near its historical levels by early 2024.
Postretirement benefits other than pensions
This liability remained relatively stable over the period with minor decreases over time, indicating consistent postretirement benefit obligations without significant volatility.
Other liabilities
Other liabilities increased substantially in 2020, peaking during that year and early 2021, followed by a gradual decline thereafter. This trend implies a one-time or temporary buildup of obligations that have been partially reduced in subsequent periods.
Non-current liabilities
Non-current liabilities increased notably during 2019 and 2020, reaching a peak in late 2020, then gradually declined through 2022 and 2023. The fluctuations suggest changes in longer-term obligations possibly due to debt issuance or repayments and reclassifications over time.
Total liabilities
Total liabilities rose significantly during 2019-2020, peaking in late 2020. Afterward, despite some fluctuations, a gradual downward movement occurred through early 2024, reflecting overall management of both current and non-current obligations.
Convertible preferred stock, Series A
This item remained constant through 2020 and was absent or not reported thereafter, indicating no changes or possible retirement in preferred stock outstanding after 2020.
Common stock, par value
Common stock showed a steady incremental increase over the analyzed period, reflecting slight issuances or stock-related activities that gradually increased the par value amount.
Additional paid-in capital, common stock
Paid-in capital increased progressively, with a more pronounced rise beginning in 2021, indicating additional equity financing or share issuances that contributed to shareholder investment.
Retained earnings
Retained earnings fluctuated, declining notably during 2020 and 2021, with a recovery trend observed into 2022. However, slight decreases occurred afterward, suggesting variable profitability or dividend actions impacting accumulated earnings.
Treasury stock, at cost
The value of treasury stock steadily increased in absolute terms (more negative), indicating ongoing repurchases or share buybacks throughout the period, consistent with share repurchase strategies.
Accumulated other comprehensive loss
Comprehensive losses varied significantly with periods of increase and decrease; substantial growth in losses occurred particularly in 2022, followed by some improvement. This suggests volatility in items such as foreign currency translation adjustments or other non-net income related comprehensive items.
Total Corning Incorporated shareholders’ equity
Shareholders’ equity declined significantly starting in 2019, reaching a low point around 2022, followed by some recovery and subsequent attenuation in late 2023 and early 2024. This pattern reflects cumulative impacts of earnings, dividends, and equity transactions on equity base.
Non-controlling interest
Non-controlling interest gradually increased over the period, indicating expanding minority interests in consolidated entities.
Total equity
Total equity mirrored the trends of shareholders’ equity, showing a decline from 2019 through 2022 with a moderate rebound and stabilization into early 2024, implying close alignment between controlling and non-controlling equity changes.
Total liabilities and equity
The combined total of liabilities and equity rose through 2019 and 2020 reaching a peak in late 2020, then showed a slight but steady decrease through early 2024. This indicates overall stability with some contraction in the company’s balance sheet size in recent years.