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GuruFocus has detected 6 Warning Signs with Corning Inc $GLW.
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Corning Inc (NYSE:GLW)
Pretax Income
$3,692 Mil (TTM As of Dec. 2016)

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. 2016 was $2,404 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $3,692 Mil. Corning Inc's pretax margin was 97.09%.

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was 16.31%. And the median was 36.29%.


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. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1391+2428+-159+32+0
=3,692

Corning Inc's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=432+1998+-37+11+0
=2,404

Corning Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was -672 (Mar. 2016 ) + 1703 (Jun. 2016 ) + 257 (Sep. 2016 ) + 2404 (Dec. 2016 ) = $3,692 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Corning Inc's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=2404/2476
=97.09%

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was 16.31%. And the median was 36.29%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Corning Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 1,2912,8821,9343,8453,2311,9752,4733,5681,4863,692

Corning Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 1,4091,337493606218169-6721,7032572,404
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