CORNING INC /NY
For the period ended Mar 31, 2026. Filed May 1, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
GLW$112.13-3.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Consolidated Statements of Cash Flows | Corning Incorporated and Subsidiary Companies |
|---|---|
| (Unaudited; in millions) | |
| Three months endedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities: | ||
| Net income | $408 | $185 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 334 | 291 |
| Amortization of purchased intangibles | 23 | 28 |
| Share-based compensation expense | 115 | 54 |
| Translation (gain) loss on foreign denominated debt, net | (6) | 43 |
| Deferred tax benefit | (62) | (50) |
| Translated earnings contract loss, net | 16 | 101 |
| Changes in assets and liabilities: | ||
| Trade accounts receivable | 12 | 10 |
| Inventories | (232) | (146) |
| Other current assets | (56) | (30) |
| Accounts payable and other current liabilities | (80) | (253) |
| Customer deposits and government incentives | (171) | (16) |
| Deferred income | (38) | (29) |
| Other, net | 99 | (37) |
| Net cash provided by operating activities | 362 | 151 |
| Cash Flows from Investing Activities: | ||
| Capital expenditures | (332) | (208) |
| Proceeds from CHIPS Act incentives | 8 | |
| Realized gains on translated earnings contracts and other | 150 | 56 |
| Other, net | (29) | (13) |
| Net cash used in investing activities | (203) | (165) |
| Cash Flows from Financing Activities: | ||
| Repayments of debt | (13) | (47) |
| Proceeds from issuance of debt and short-term borrowings | 427 | |
| Proceeds from cross currency swap | 24 | |
| Payments of employee withholding tax on stock awards | (63) | (29) |
| Proceeds from exercise of stock options | 14 | 11 |
| Purchases of common stock for treasury | (100) | |
| Dividends paid | (244) | (242) |
| Other, net | (62) | (20) |
| Net cash provided by (used in) financing activities | 59 | (403) |
| Effect of exchange rates on cash | (5) | 8 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 213 | (409) |
| Cash and cash equivalents and restricted cash at beginning of period | 1,566 | 1,768 |
| Cash and cash equivalents and restricted cash at end of period | $1,779 | $1,359 |
| Restricted cash included in other current assets | 24 | |
| Cash and cash equivalents at end of period | $1,755 | $1,359 |
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