Below are the financial statements of Corning, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 1.77a | 1.78a |
| Trade accounts receivable, net | 2.05a | 1.57a |
| Inventories | 2.72a | 2.67a |
| Other current assets | 1.45a | 1.2a |
| Total current assets | 7.99a | 7.21a |
| Property, plant and equipment, net of accumulated depreciation | 13.36a | 14.63a |
| Goodwill | 2.36a | 2.38a |
| Other intangible assets, net | 0.75a | 0.91a |
| Deferred income taxes | 1.13a | 1.15a |
| Other assets | 2.14a | 2.22a |
| Total assets | 27.74a | 28.5a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Current portion of long-term debt and short-term borrowings | 0.33a | 0.32a |
| Accounts payable | 1.47a | 1.47a |
| Other accrued liabilities | 3.12a | 2.53a |
| Total current liabilities | 4.92a | 4.32a |
| Long-term debt | 6.89a | 7.21a |
| Postretirement benefits other than pensions | 0.34a | 0.4a |
| Other liabilities | 4.53a | 4.71a |
| Total liabilities | 16.67a | 16.63a |
| Shareholders' equity | — | — |
| Common stock | 0.92a | 0.92a |
| Additional paid-in capital - common stock | 17.26a | 16.93a |
| Retained earnings | 15.93a | 16.39a |
| Treasury stock, at cost | -20.88a | -20.64a |
| Accumulated other comprehensive loss | -2.54a | -2.05a |
| Total Corning Incorporated shareholders' equity | 10.69a | 11.55a |
| Non-controlling interest | 0.38a | 0.32a |
| Total equity | 11.07a | 11.87a |
| Total liabilities and equity | 27.74a | 28.5a |
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