CORNING INC /NY (GLW) FY2024 Q3 P&L / Income Statement

CORNING INC /NY (GLW) FY2024 Q3 P&L / Income Statement

Income statement for 2024-07-01 through 2024-09-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

3,391,000,000 US dollars

Cost of sales

2,254,000,000 US dollars

Gross margin

1,137,000,000 US dollars

Operating expenses (calculated)

835,000,000 US dollars

Operating income

302,000,000 US dollars

Other income (expense), net (calculated)

negative 394,000,000 US dollars

(Loss) income before income taxes

negative 92,000,000 US dollars

Provision for income taxes (Note 4)

3,000,000 US dollars

Net (loss) income

negative 95,000,000 US dollars

Telecommunication Products

1,246,000,000 US dollars

Display Products

707,000,000 US dollars

Specialty Glass Products

543,000,000 US dollars

Environmental Substrate and Filter Products

362,000,000 US dollars

Life Science Products

235,000,000 US dollars

Polycrystalline Silicon

194,000,000 US dollars

Product and Service, Other

104,000,000 US dollars

Amortization of purchased intangibles

31,000,000 US dollars

Research, development and engineering expenses

294,000,000 US dollars

Selling, general and administrative expenses

510,000,000 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: −$117.00 M; to noncontrolling interests: $22.00 M.