Financial Statements

Corning Incorporated (GLW)

$33.29

+0.53 (+1.62%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 16,12016,40816,30315,930-
Net Income 1,9065129601,066-497
Stock Dividends -766-13-113-817,078
Dividend Paid -871-787-742-685-651
Retained Earnings 16,38916,12016,40816,30315,930

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 16,42215,84114,89514,017-
Annual Depreciation 1,0191,9582,9333,18815,821
Capital Expenditure -1,637-1,377-1,987-2,310-1,804
Net PPE 15,80416,42215,84114,89514,017

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -1,6941,9361,9352,460
New Purchases -----
Intangible and Goodwill 1,6941,9361,9352,4602,421

Corning Incorporated income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Corning Incorporated FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.