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Corning Inc (NYSE:GLW)
Pretax Income
$3,568 Mil (TTM As of Dec. 2014)

Pretax income is the income that a company earns before paying income taxes. Corning Inc's pretax income for the three months ended in Dec. 2014 was $1,337 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2014 was $3,568 Mil. Corning Inc's pretax margin was 55.62%.

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was -101.89%. And the median was 17.35%.


Definition

This is the income that a company earns before paying income taxes.

Corning Inc's Pretax Income for the fiscal year that ended in Dec. 2014 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1931+1734+-123+26+0
=3,568

Corning Inc's Pretax Income for the quarter that ended in Dec. 2014 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=536+828+-32+5+0
=1,337

Corning Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2014 was 481 (Mar. 2014 ) + 341 (Jun. 2014 ) + 1409 (Sep. 2014 ) + 1337 (Dec. 2014 ) = $3,568 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Corning Inc's Pretax Margin for the quarter that ended in Dec. 2014 is calculated as

Pretax Margin=Pretax Income/Revenue
=1337/2404
=55.62%

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was -101.89%. And the median was 17.35%.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Corning Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Pretax Income 5599611,2911,5231,9343,8453,2131,9752,4733,568

Corning Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Pretax Income 6271825288295495674813411,4091,337
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