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.

Cash Flow Statement 
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Corning Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income (loss) 225 (28) 182 303 191 (27) 226 606 581 487 371 449 599 252 427 (71) (96) 32 337 92 499
Depreciation 307 315 310 312 310 315 327 345 342 347 339 336 330 358 361 324 356 364 368 352 306
Amortization of purchased intangibles 30 30 30 31 31 31 31 30 31 32 32 33 32 34 33 28 26 28 28 28 29
Loss on disposal of assets, net 83 49 23 79 102 8 49 7 1 31 32 15 60 73 33 12
Severance charges (reversals) 101 13 73 62 8 (13) (1) 1 7 6 58 77 38 18 7
Severance payments (41) (14) (34) (28) (20) (6) (2) (3) (2) (4) (7) (13) (21) (29) (22) (75) (21) (2) (5)
Share-based compensation expense 60 50 57 59 52 30 52 51 42 73 39 44 34 80 62 65 13 13 30
Translation (gain) loss on Japanese yen-denominated debt (81) 62 (35) (109) (18) 130 (84) (153) (84) (53) (4) (5) (118) 36 39 (3) 14
Deferred tax provision (benefit) 10 (112) 47 28 (38) (104) (14) 48 24 (52) 12 (65) 121 76 34 (90) (40) (106) (51) 6 (40)
Translated earnings contract (gain) loss, net (39) (33) (20) (116) 8 (94) 68 (196) (129) (92) 13 (3) (272) 43 100 (37) (68) (85) (86) 107 (184)
Unrealized translation (gain) loss on transactions 3 8 17 33 (72) 63 57 20 12 14 (8) 59 (79) (65) (22) 33 (54) 53 26 8
Tax deposit refund 99
Asbestos claim payments (130)
Tax assessment refunds 101
Asset impairment 22 195
Transaction-related gain, net (498)
Trade accounts receivable (161) 187 (73) (36) (28) (48) 106 48 7 92 (97) (158) 109 7 (308) (16) 43 217 32 (165) (36)
Inventories (86) 26 73 41 17 115 (201) (277) (159) (31) (90) (26) 44 183 187 120 (67) 40 (81) (98) (159)
Other current assets 2 (22) (9) 13 (62) (134) 72 4 (81) (14) (57) (127) (26) (6) (39) 30 (10) (80) (56) (67) (97)
Accounts payable and other current liabilities (73) 25 173 (67) (369) 324 (184) 132 77 381 269 183 (27) 196 96 (28) (207) 107 294 (66) (299)
Customer deposits and government incentives (25) (25) (11) 11 (17) (34) 140 13 (9) 35 6 25 31
Deferred income (34) 6 13 (18) (6) (34) 9 1 (25) (24) (32) (26) (34)
Other, net 2 59 (51) (17) (133) 84 (13) 44 (103) (204) 78 124 (146) (293) 148 4 101 452 (11) (106) (56)
Changes in assets and liabilities (375) 256 115 (73) (598) 273 (71) (35) (293) 235 77 (5) (49) 87 84 110 (140) 736 178 (502) (647)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (129) 741 540 316 (240) 644 480 152 (47) 536 524 322 124 522 181 621 344 986 552 61 (528)
Net cash provided by (used in) operating activities 96 713 722 619 (49) 617 706 758 534 1,023 895 771 723 774 608 550 248 1,018 889 153 (29)
Capital expenditures (252) (279) (341) (388) (382) (403) (465) (353) (383) (623) (401) (324) (289) (391) (153) (288) (545) (376) (508) (570) (524)
Proceeds from sale of equipment to related party 67
Proceeds from sale of business (1) 3 74 1 78 24
Investments in and proceeds from unconsolidated entities, net (17) (28) (4) (6) (3) 2 85 (21) (2) (5)
Sale of equipment for related party 16 62
Realized gains (losses) on translated earnings contracts and other 94 56 93 96 81 91 77 92 40 37 17 16 (3) 2 (2) 1 11 16 1 29 20
Premiums paid on hedging contracts (9) (75)
Other, net (26) 19 (7) 5 6 30 (13) (22) (9) (28) (6) 18 (20) 32 9 47 (5) (13) (55) (10) 21
Net cash used in investing activities (184) (230) (255) (287) (228) (386) (402) (289) (278) (616) (388) (127) (288) (378) (148) (245) (539) (357) (500) (551) (483)
Repayments of debt (37) (104) (107) (4) (69) (76) (11) (400) (435) (25) (221) (300)
Proceeds from issuance of debt 2 60 20 20 79 28 3 19 31 3 9 200 1,482 349
Proceeds from issuance of euro bonds 918
Proceeds from other financing arrangements 54
Repayment of other financing arrangements (54)
Payment for redemption of preferred stock (507) (507) (507)
Payments of employee withholding tax on stock awards (34) (3) (4) (83) (16) (3) (2) (42) (4) (2) (55) (1) (2) (8)
Proceeds from issuance (repayments) of commercial paper, net (446) 446
Proceeds from exercise of stock options 13 3 4 19 16 5 7 10 18 6 9 31 51 75 36 6 7 15 7 13 23
Purchases of common stock for treasury (20) (52) (149) (252) (21) (1) (105) (232) (301) (150) (257)
Dividends paid (243) (248) (246) (256) (239) (236) (234) (234) (228) (212) (217) (234) (208) (200) (204) (191) (192) (188) (192) (181) (181)
Other, net (7) (13) (9) (23) 6 (5) (6) (6) (5) (3) 11 2 (8) 2 24 6 (4) 9 12 3 22
Net cash used in financing activities (308) (363) (356) 84 (248) (219) (252) (803) (375) (462) (601) (1,199) (190) (314) (143) (178) (94) 786 (571) 131 (393)
Effect of exchange rates on cash (18) 20 (10) (24) 29 (51) (53) (13) (9) (14) 7 (49) 76 39 6 (24) 16 (25) (11) 6
Net increase (decrease) in cash and cash equivalents (414) 140 101 392 (525) 41 1 (387) (132) (64) (108) (548) 196 158 356 133 (409) 1,463 (207) (278) (899)

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).

Cash flow statement item Description The company
Net cash provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Corning Inc. net cash provided by (used in) operating activities decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Corning Inc. net cash used in investing activities increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Corning Inc. net cash used in financing activities decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.