Corning (Corning) Retained Earnings

: $16,391 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Corning's retained earnings for the quarter that ended in Dec. 2023 was $16,391 Mil.

Corning's quarterly retained earnings increased from Jun. 2023 ($16,509 Mil) to Sep. 2023 ($16,673 Mil) but then declined from Sep. 2023 ($16,673 Mil) to Dec. 2023 ($16,391 Mil).

Corning's annual retained earnings increased from Dec. 2021 ($16,389 Mil) to Dec. 2022 ($16,778 Mil) but then declined from Dec. 2022 ($16,778 Mil) to Dec. 2023 ($16,391 Mil).

Corning Retained Earnings Historical Data

The historical data trend for Corning's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

16,408.00

16,120.00

16,389.00

16,778.00

16,391.00

Corning Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Take a 7-Day Free Trial															16,778.00	16,713.00	16,509.00	16,673.00	16,391.00

Corning Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Corning (NYSE:GLW) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Corning (Corning) Business Description

Industry

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Traded in Other Exchanges

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Address

One Riverfront Plaza, Corning, NY, USA, 14831

Website

https://www.corning.com

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.

Executives

Lawrence D Mcrae	officer: Senior Vice President	ONE RIVERFRONT PLAZA, CORNING NY 14831
Lewis A Steverson	officer: Senior Vice President	ONE RIVERFRONT PLAZA, CORNING NY 14831
Wendell P Weeks	officer: President and COO	ONE RIVERFRONT PLZ, CORNING NY 14831
Jordana Daryl Kammerud	officer: Senior Vice President & CHRO	ONE RIVERFRONT PLAZA, CORNING NY 14831
Thomas D French	director	ONE RIVERFRONT PLAZA, CORNING NY 14831
Michael Alan Bell	officer: Senior VP &.GM, Optical Comm.	ONE RIVERFRONT PLAZA, CORNING NY 14831
Bayne John P Jr	officer: SVP & GM Mobile Consumer Elec.	ONE RIVERFRONT PLAZA, CORNING NY 14831
Jeffrey W Evenson	officer: Senior Vice President	ONE RIVERFRONT PLAZA, CORNING NY 14831
Anne Mullins	officer: Senior Vice President & CDIO	ONE RIVERFRONT PLAZA, CORNING NY 14831
John Z Zhang	officer: Senior VP & GM, Display	ONE RIVERFRONT PLAZA, CORNING NY 14831
Cheryl C Capps	officer: SVP & Chief Supply Chain Off.	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Li Fang	officer: Pres.&GM Corning Greater China	ONE RIVERFRONT PLAZA, CORNING NY 14831
Soumya Seetharam	officer: Senior Vice President & CDIO	ONE RIVERFRONT PLAZA, CORNING NY 14831
Jaymin Amin	officer: SVP and Chief Tech. Officer	ONE RIVERFRONT PLAZA, CORNING NY 14831
Robert P. France	officer: Senior VP, Human Resources	ONE RIVERFRONT PLAZA, CORNING NY 14831