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Corning Inc (NYSE:GLW)
Pretax Income
$2,798 Mil (TTM As of Sep. 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 Sep. 2014 was $1,409 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2014 was $2,798 Mil. Corning Inc's pretax margin was 55.47%.

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was -101.89%. And the median was 15.19%.


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. 2013 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1371+1214+-120+8+0
=2,473

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

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=620+815+-31+5+0
=1,409

Corning Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2014 was 567 (Dec. 2013 ) + 481 (Mar. 2014 ) + 341 (Jun. 2014 ) + 1409 (Sep. 2014 ) = $2,798 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 Sep. 2014 is calculated as

Pretax Margin=Pretax Income/Revenue
=1409/2540
=55.47%

During the past 13 years, Corning Inc's highest Pretax Margin was 57.98%. The lowest was -101.89%. And the median was 15.19%.

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Pretax Income -1,6045599611,2911,5231,9343,8453,2131,9752,473

Corning Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Pretax Income 5746271825288295495674813411,409
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