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 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 13.12a | 12.59a | 14.19a |
| Cost of sales | -8.84a | -8.66a | -9.68a |
| Gross margin | 4.28a | 3.93a | 4.51a |
| Operating expenses | — | — | — |
| Selling, general and administrative expenses | -1.93a | -1.84a | -1.9a |
| Research, development and engineering expenses | -1.09a | -1.08a | -1.05a |
| Amortization of purchased intangibles | -0.12a | -0.12a | -0.12a |
| Operating income | 1.14a | 0.89a | 1.44a |
| Interest income | 0.05a | 0.04a | 0.02a |
| Interest expense | -0.33a | -0.33a | -0.29a |
| Translated earnings contract gain, net | 0.08a | 0.16a | 0.35a |
| Other (expense) income, net | -0.12a | 0.06a | 0.29a |
| Income before income taxes | 0.81a | 0.82a | 1.8a |
| Provision for income taxes | -0.22a | -0.17a | -0.41a |
| Net income | 0.59a | 0.65a | 1.39a |
| Net income attributable to non-controlling interest | -0.09a | -0.07a | -0.07a |
| Net income attributable to Corning Incorporated | 0.51a | 0.58a | 1.32a |
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