CORNING INC /NY
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 12, 2026
GLW$112.13-3.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Consolidated Statements of Cash Flows | Corning Incorporated and Subsidiary Companies |
|---|
| Year ended December 31, | |||
|---|---|---|---|
| (in millions) | 2025 | 2024 | 2023 |
| Cash Flows from Operating Activities: | |||
| Net income | $1,742 | $592 | $648 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 1,237 | 1,229 | 1,247 |
| Amortization of purchased intangibles | 110 | 121 | 122 |
| Loss on disposal of assets, net | 27 | 143 | 155 |
| Share-based compensation expense | 286 | 273 | 218 |
| Translation loss (gain) on foreign denominated debt, net | 52 | (104) | (100) |
| Deferred tax benefit | (355) | (33) | (75) |
| Translated earnings contract gain, net | (150) | (83) | (161) |
| Pension contributions | (68) | (9) | (25) |
| Release of cumulative translation losses | 145 | ||
| Tax deposit refund | 99 | ||
| Changes in assets and liabilities: | |||
| Trade accounts receivable | (749) | (717) | 50 |
| Inventories | (243) | (171) | 157 |
| Other current assets | (262) | (107) | (80) |
| Accounts payable and other current liabilities | 584 | 470 | (173) |
| Customer deposits and government incentives | 268 | (6) | (42) |
| Deferred income | (58) | (27) | (5) |
| Other, net | 274 | 223 | (30) |
| Net cash provided by operating activities | 2,695 | 1,939 | 2,005 |
| Cash Flows from Investing Activities: | |||
| Capital expenditures | (1,282) | (965) | (1,390) |
| Proceeds from sale of equipment to related party | 67 | ||
| Investments in unconsolidated entities | (134) | (7) | (17) |
| Proceeds from sale of assets | 11 | 80 | 22 |
| Realized gains on translated earnings contracts and other | 304 | 279 | 326 |
| Premiums paid on hedging contracts | (122) | (98) | (9) |
| Other, net | (20) | (33) | 1 |
| Net cash used in investing activities | (1,243) | (744) | (1,000) |
| Cash Flows from Financing Activities: | |||
| Repayments of debt | (298) | (267) | (284) |
| Proceeds from issuance of debt | 294 | 153 | 82 |
| Proceeds from issuance of euro bonds | 918 | ||
| Repayment of acquisition related debt | (75) | ||
| Proceeds from cross currency swap | 24 | 134 | |
| Principal payments on finance leases | (346) | (30) | (36) |
| Payment for redemption of preferred stock | (507) | ||
| Payments of employee withholding tax on stock awards | (98) | (81) | (106) |
| Proceeds from exercise of stock options | 41 | 76 | 42 |
| Purchases of common stock for treasury | (163) | (165) | |
| Dividends paid | (999) | (986) | (989) |
| Other, net | (52) | 2 | (3) |
| Net cash used in financing activities | (1,672) | (1,164) | (883) |
| Effect of exchange rates on cash | 18 | (42) | (14) |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (202) | (11) | 108 |
| Cash and cash equivalents and restricted cash at beginning of year | 1,768 | 1,779 | 1,671 |
| Cash and cash equivalents and restricted cash at end of year | $1,566 | $1,768 | $1,779 |
| Restricted cash included in other current assets | 40 | ||
| Cash and cash equivalents at end of year | $1,526 | $1,768 | $1,779 |
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