Corning Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.11B | $9.41B | $9.11B | $9.72B | $7.82B | $8.01B | $7.89B | $6.63B |
| Display Technologies | $3.06B | $3.22B | — | — | — | $2.97B | $3.07B | $3.04B |
| Optical Communications | $3.55B | $3.01B | — | — | — | $2.05B | $2.05B | $1.73B |
| Specialty Materials | $1.40B | $1.13B | — | — | — | $1.26B | $1.12B | $597.0M |
| Environmental Technologies | $1.11B | $1.03B | — | — | — | $923.0M | $978.0M | $822.0M |
| Life Sciences | $879.0M | $841.0M | — | — | — | $648.0M | $562.0M | $435.0M |
| All Other | $118.0M | $177.0M | — | — | — | $163.0M | $111.0M | $0 |
| Cost of Revenue | $6.10B | $5.63B | $5.46B | $5.66B | $4.50B | $4.69B | $4.31B | $3.58B |
| Gross Profit | $4.02B | $3.76B | $3.65B | $4.05B | $3.32B | $3.32B | $3.58B | $3.05B |
| Gross Margin | 39.8% | 40.0% | 40.1% | 41.7% | 42.5% | 41.4% | 45.3% | 46.0% |
| Operating Expenses | ||||||||
| Research & Development | $689.0M | $637.0M | $638.0M | $701.0M | $613.0M | $651.0M | $561.0M | $491.0M |
| SG&A Expense | $1.47B | $1.46B | $1.51B | $1.20B | $1.13B | $1.21B | $1.03B | $1.02B |
| Operating Income | $1.61B | $1.42B | $1.32B | $1.93B | $1.37B | $1.18B | $1.71B | $1.80B |
| Operating Margin | 15.9% | 15.1% | 14.5% | 19.9% | 17.5% | 14.7% | 21.7% | 27.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.66B | $3.69B | $1.49B | — | — | — | — | — |
| Income Tax Expense | $2.15B | $-3.0M | $147.0M | $1.10B | $512.0M | $339.0M | $414.0M | $287.0M |
| Net Income | $-497.0M | $3.70B | $1.34B | $2.47B | $1.96B | $1.64B | $2.82B | $3.56B |
| Net Margin | -4.9% | 39.3% | 14.7% | 25.4% | 25.1% | 20.4% | 35.7% | 53.7% |
| EPS (Basic) | $-0.66 | $3.53 | $1.02 | $1.82 | $1.35 | $1.10 | $1.80 | $2.28 |
| EPS (Diluted) | $-0.66 | $3.23 | $1.00 | $1.73 | $1.34 | $1.09 | $1.78 | $2.25 |
| Shares Outstanding (Basic) | 895.0M | 1.02B | 1.22B | 1.31B | 1.45B | 1.49B | 1.56B | 1.56B |
| Shares Outstanding (Diluted) | 895.0M | 1.14B | 1.34B | 1.43B | 1.46B | 1.51B | 1.58B | 1.58B |
| Dividends Per Share | $0.62 | $0.54 | $0.36 | $0.52 | $0.39 | $0.32 | $0.23 | $0.20 |