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Corning GLW Equity Method Investments

Discontinued — last reported Q4 '20

Equity Method Investments at other companies

Clearfield logo
ClearfieldCLFD
$53.9M+34.2%
MACOM Technology Solutions logo
MACOM Technology SolutionsMTSI
$102.13M—
Tecnoglass logo
TecnoglassTGLS
$55.66M-1.7%

Segments

By segment

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Life Sciences and Emerging Growth Businesses$156M—
Glass Innovations$112M—
Optical Communications$5M—
Automotive$0—
Solar$0—

Other financials

Income statement

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Revenue$4.5B+16.6%
Gross profit$1.6B+17.0%
Operating income$698.0M+21.8%
Net income$559.0M+19.2%
EPS (diluted)$0.64+18.5%

Balance sheet

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Cash & equivalents$2.5B+67.9%
Total debt$8.5B+12.0%
Total equity$12.6B+13.0%
Total assets$33.0B+14.6%

Cash flow

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Operating cash flow$1.7B+143%
CapEx$422.0M+37.0%
Free cash flow$1.3B+224%

Valuation

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Market cap$134.98B+146%
Enterprise value$140.99B+131%
P/E71×+6.3×
P/S8×+4.1×

Profitability

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Gross margin36.4%+1.6pp
Operating margin15.3%+3.3pp
Net margin11.2%+5.2pp
FCF margin14.1%+5.7pp

Returns & leverage

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Return on equity16.1%+8.2pp
Debt / equity0.7×0.0×
Current ratio1.8×+0.3×

Where this comes from

Reported directly by Corning in its filing.

Tagged under the XBRL concept us-gaap:LongTermInvestments.

The source filing: Corning’s 10-K, filed February 12, 2021. Open the filing →

Filed
Feb 11, 2021, 7:00 PM EST
Fiscal year
FY2020
Accession
0001562762-21-000023

FAQ

What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.