CORNING INC /NY (GLW) FY2024 Annual P&L / Income Statement

CORNING INC /NY (GLW) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

13,118,000,000 US dollars

Cost of sales

8,842,000,000 US dollars

Gross margin

4,276,000,000 US dollars

Operating expenses (calculated)

3,141,000,000 US dollars

Operating income

1,135,000,000 US dollars

Other income (expense), net (calculated)

negative 322,000,000 US dollars

Income before income taxes

813,000,000 US dollars

Provision for income taxes (Note 6)

221,000,000 US dollars

Net income

592,000,000 US dollars

Telecommunication products

4,657,000,000 US dollars

Display products

2,727,000,000 US dollars

Specialty glass products

2,000,000,000 US dollars

Environmental substrate and filter products

1,565,000,000 US dollars

Life science products

933,000,000 US dollars

Polycrystalline silicon products

865,000,000 US dollars

All other products

371,000,000 US dollars

Selling, general and administrative expenses

1,931,000,000 US dollars

Amortization of purchased intangibles

121,000,000 US dollars

Research, development and engineering expenses

1,089,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to CORNING INC /NY: $506.00 M; to noncontrolling interests: $86.00 M.