CORNING INC /NY (GLW) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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CORNING INC /NY cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $151,000,000.00Net income → Operating adjustments reconciliation: $34,000,000.00Depreciation → Operating adjustments reconciliation: $291,000,000.00Translated earnings contract loss (gain), net → Operating adjustments reconciliation: $101,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $54,000,000.00Translation loss (gain) on Japanese yen-denominated debt, net → Operating adjustments reconciliation: $43,000,000.00Amortization of purchased intangibles → Operating adjustments reconciliation: $28,000,000.00Trade accounts receivable → Operating adjustments reconciliation: $10,000,000.00Operating adjustments reconciliation → Accounts payable and other current liabilities: $253,000,000.00Operating adjustments reconciliation → Inventories: $146,000,000.00Operating adjustments reconciliation → Deferred tax (benefit) provision: $50,000,000.00Operating adjustments reconciliation → Other, net: $37,000,000.00Operating adjustments reconciliation → Other current assets: $30,000,000.00Operating adjustments reconciliation → Deferred income: $29,000,000.00Operating adjustments reconciliation → Customer deposits and government incentives: $16,000,000.00Realized gains on translated earnings contracts and other → investing reconciliation: $56,000,000.00Net cash used in investing activities → investing reconciliation: $165,000,000.00investing reconciliation → Capital expenditures: $208,000,000.00investing reconciliation → Other, net: $13,000,000.00Net cash used in financing activities → financing reconciliation: $403,000,000.00Proceeds from cross currency swap → financing reconciliation: $24,000,000.00Proceeds from exercise of stock options → financing reconciliation: $11,000,000.00financing reconciliation → Dividends paid: $242,000,000.00financing reconciliation → Purchases of common stock for treasury: $100,000,000.00financing reconciliation → Repayments of debt: $47,000,000.00financing reconciliation → Payments of employee withholding tax on stock awards: $29,000,000.00financing reconciliation → Other, net: $20,000,000.00Exchange-rate effect → Cash sources and uses: $8,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,768,000,000.00Net cash from operating activities → Cash sources and uses: $151,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,359,000,000.00Cash sources and uses → Net cash used in investing activities: $165,000,000.00Cash sources and uses → Net cash used in financing activities: $403,000,000.00Share-based compensation expense: $54,000,000.00Stock-based compensation+$54.00 MTranslation loss (gain) on Japanese yen-denominated debt, net: $43,000,000.00Translation loss (gain) on Japaneseyen-denominated debt, net+$43.00 MAmortization of purchased intangibles: $28,000,000.00Intangible amortization+$28.00 MOther, net: -$37,000,000.00Other working capital, net−$37.00 MDepreciation: $291,000,000.00Depreciation expense+$291.00 MCustomer deposits and government incentives: -$16,000,000.00Customer deposits & incentives−$16.00 MNet income: $185,000,000.00Net income+$185.00 MDeferred income: -$29,000,000.00Deferred income−$29.00 MOther current assets: -$30,000,000.00Other current assets−$30.00 MAccounts payable and other current liabilities: -$253,000,000.00Payables & accrued liabilities−$253.00 MTrade accounts receivable: $10,000,000.00Accounts receivable+$10.00 MInventories: -$146,000,000.00Inventories−$146.00 MDeferred tax (benefit) provision: -$50,000,000.00Deferred income taxes−$50.00 MTranslated earnings contract loss (gain), net: $101,000,000.00Translated earnings contract loss (gain), net+$101.00 MNet cash from operating activities: $151,000,000.00Operating cash+$151.00 MOperating adjustments reconciliation: $561,000,000.00Dividends paid: -$242,000,000.00Ordinary dividends paid−$242.00 MOther, net: -$20,000,000.00Other financing, net−$20.00 MRepayments of debt: -$47,000,000.00Debt repaid−$47.00 MProceeds from exercise of stock options: $11,000,000.00Stock option exercises+$11.00 MPurchases of common stock for treasury: -$100,000,000.00Common stock repurchases−$100.00 MPayments of employee withholding tax on stock awards: -$29,000,000.00Stock-award tax withholding−$29.00 MProceeds from cross currency swap: $24,000,000.00Financing derivative proceeds+$24.00 MNet cash used in financing activities: -$403,000,000.00. Cash required to fund net payments.Financing cash−$403.00 Mfinancing reconciliation: $438,000,000.00Realized gains on translated earnings contracts and other: $56,000,000.00Investing derivative proceeds+$56.00 MCapital expenditures: -$208,000,000.00Capital improvements−$208.00 MOther, net: -$13,000,000.00Other investing, net−$13.00 MNet cash used in investing activities: -$165,000,000.00. Cash required to fund net payments.Investing cash−$165.00 Minvesting reconciliation: $221,000,000.00Cash sources and uses: $1,927,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,768,000,000.00Beginning cash$1.77 BEnding cash: Cash, cash equivalents, and restricted cash: $1,359,000,000.00Ending cash$1.36 BExchange-rate effect: $8,000,000.00FX effect+$8.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income0.82×Operating cash flow ÷ net incomeNet cash change−$409.00 MEnding cash − beginning cash
Chart details

CORNING INC /NY cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
1,768,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
151,000,000 US dollars. Net cash provided.
Share-based compensation expense
54,000,000 US dollars
Translation loss (gain) on Japanese yen-denominated debt, net
43,000,000 US dollars
Amortization of purchased intangibles
28,000,000 US dollars
Other, net
negative 37,000,000 US dollars
Depreciation
291,000,000 US dollars
Customer deposits and government incentives
negative 16,000,000 US dollars
Net income
185,000,000 US dollars
Deferred income
negative 29,000,000 US dollars
Other current assets
negative 30,000,000 US dollars
Accounts payable and other current liabilities
negative 253,000,000 US dollars
Trade accounts receivable
10,000,000 US dollars
Inventories
negative 146,000,000 US dollars
Deferred tax (benefit) provision
negative 50,000,000 US dollars
Translated earnings contract loss (gain), net
101,000,000 US dollars
Investing activities
negative 165,000,000 US dollars. Net cash used.
Realized gains on translated earnings contracts and other
56,000,000 US dollars
Capital expenditures
negative 208,000,000 US dollars
Other, net
negative 13,000,000 US dollars
Financing activities
negative 403,000,000 US dollars. Net cash used.
Dividends paid
negative 242,000,000 US dollars
Other, net
negative 20,000,000 US dollars
Repayments of debt
negative 47,000,000 US dollars
Proceeds from exercise of stock options
11,000,000 US dollars
Purchases of common stock for treasury
negative 100,000,000 US dollars
Payments of employee withholding tax on stock awards
negative 29,000,000 US dollars
Proceeds from cross currency swap
24,000,000 US dollars
Operating adjustment reconciliation
561,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
438,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
221,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
8,000,000 US dollars
Ending cash on Mar 31, 2025
1,359,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,927,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 409,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.82×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $151.00M of net income directly to operating cash and $34.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
CORNING INC /NY (GLW) FY2025 Q1 Statement of Cash Flows Sankey chart
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