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Corning Inc (NYSE:GLW)
Pretax Income
$1,457 Mil (TTM As of Sep. 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 Sep. 2016 was $257 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2016 was $1,457 Mil. Corning Inc's pretax margin was 10.25%.

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was 15.93%. And the median was 28.62%.


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. 2015 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1322+283+-140+21+0
=1,486

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

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=535+-246+-41+9+0
=257

Corning Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2016 was 169 (Dec. 2015 ) + -672 (Mar. 2016 ) + 1703 (Jun. 2016 ) + 257 (Sep. 2016 ) = $1,457 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 Sep. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=257/2507
=10.25%

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was 15.93%. And the median was 28.62%.

* 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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Pretax Income 9611,2911,5231,9343,8453,2311,9752,4733,5681,486

Corning Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Pretax Income 3411,4091,337493606218169-6721,703257
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