CORNING INC NY
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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15. Earnings Per Common Share
- Earnings Per Common Share
Basic earnings per common share are computed by dividing net income attributable to Corning Incorporated by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share assumes the issuance of common shares for all potentially dilutive securities outstanding.
The following table presents the reconciliation of the amounts used to compute basic and diluted earnings per common share (in millions, except per share amounts):
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net income attributable to Corning Incorporated | $506 | $581 | $1,316 |
| Weighted-average common shares outstanding - basic | 853 | 848 | 843 |
| Effect of dilutive securities: | |||
| Stock options and other awards | 16 | 11 | 14 |
| Weighted-average common shares outstanding - diluted | 869 | 859 | 857 |
| Basic earnings per common share | $0.59 | $0.69 | $1.56 |
| Diluted earnings per common share | $0.58 | $0.68 | $1.54 |
| Anti-dilutive potential shares excluded from diluted earnings per common share: | |||
| Stock options and other awards | 0 | 2 | 1 |
| Total | 0 | 2 | 1 |
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