Corning Operating Income vs Income Tax Expense Analysis

GLW Stock

USD 87.10 1.89 2.22%

Corning Incorporated financial indicator trend analysis is way more than just evaluating Corning Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corning Incorporated is a good investment. Please check the relationship between Corning Incorporated Operating Income and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corning Incorporated Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Corning Incorporated's Operating Income and Income Tax Expense is 0.51. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Corning Incorporated, assuming nothing else is changed. The correlation between historical values of Corning Incorporated's Operating Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Corning Incorporated are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Corning Incorporated's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Operating Income

Operating Income is the amount of profit realized from Corning Incorporated operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Corning Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Tax Expense

Most indicators from Corning Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corning Incorporated current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.At this time, Corning Incorporated's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 19.74 in 2025, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	4.5B	3.9B	4.3B	2.7B
Total Revenue	14.2B	12.6B	13.1B	7.1B

Gross Profit Total Revenue

Corning Incorporated fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.41	0.26	0.39	0.7	0.87	0.06	0.69	0.54	0.99	0.21	0.49	0.77	0.42	0.49	0.41	0.49	0.07	0.47	0.91	0.1	0.51	0.67	0.16	-0.66	0.27
Short Long Term Debt Total	0.41		0.87	0.92	-0.27	0.69	0.92	0.82	-0.42	0.52	0.28	-0.47	0.73	-0.42	0.99	0.97	0.48	-0.75	0.99	0.1	0.49	0.86	0.74	0.84	0.2	0.82
Other Current Liab	0.26	0.87		0.98	-0.32	0.52	0.84	0.72	-0.46	0.35	0.29	-0.47	0.56	-0.34	0.86	0.94	0.59	-0.64	0.9	0.01	0.53	0.65	0.66	0.75	0.35	0.9
Total Current Liabilities	0.39	0.92	0.98		-0.24	0.65	0.84	0.82	-0.37	0.48	0.32	-0.41	0.67	-0.33	0.92	0.97	0.6	-0.67	0.96	0.13	0.58	0.75	0.77	0.78	0.25	0.9
Total Stockholder Equity	0.7	-0.27	-0.32	-0.24		0.29	-0.62	0.16	0.94	0.59	0.01	0.95	0.17	0.9	-0.19	-0.25	0.34	0.69	-0.21	0.89	-0.19	-0.1	0.02	-0.57	-0.61	-0.24
Property Plant And Equipment Net	0.87	0.69	0.52	0.65	0.29		0.45	0.83	0.12	0.93	0.36	0.04	0.93	-0.06	0.76	0.68	0.36	-0.4	0.74	0.63	0.24	0.77	0.91	0.59	-0.49	0.47
Net Debt	0.06	0.92	0.84	0.84	-0.62	0.45		0.56	-0.75	0.2	0.17	-0.78	0.52	-0.68	0.87	0.89	0.26	-0.85	0.88	-0.29	0.42	0.72	0.6	0.9	0.39	0.77
Retained Earnings	0.69	0.82	0.72	0.82	0.16	0.83	0.56		0.07	0.74	0.49	-0.02	0.83	-0.08	0.87	0.84	0.56	-0.55	0.87	0.5	0.47	0.86	0.81	0.6	-0.07	0.68
Cash	0.54	-0.42	-0.46	-0.37	0.94	0.12	-0.75	0.07		0.4	0.08	0.98	0.03	0.84	-0.34	-0.41	0.22	0.69	-0.36	0.8	-0.14	-0.22	-0.14	-0.65	-0.54	-0.39
Non Current Assets Total	0.99	0.52	0.35	0.48	0.59	0.93	0.2	0.74	0.4		0.21	0.34	0.83	0.29	0.6	0.51	0.45	-0.06	0.57	0.83	0.13	0.61	0.75	0.3	-0.61	0.34
Non Currrent Assets Other	0.21	0.28	0.29	0.32	0.01	0.36	0.17	0.49	0.08	0.21		-0.03	0.36	-0.14	0.31	0.3	0.21	-0.39	0.32	0.17	0.4	0.38	0.27	0.34	0.03	0.22
Cash And Short Term Investments	0.49	-0.47	-0.47	-0.41	0.95	0.04	-0.78	-0.02	0.98	0.34	-0.03		-0.06	0.91	-0.4	-0.45	0.24	0.78	-0.41	0.77	-0.22	-0.31	-0.21	-0.73	-0.49	-0.4
Net Receivables	0.77	0.73	0.56	0.67	0.17	0.93	0.52	0.83	0.03	0.83	0.36	-0.06		-0.18	0.8	0.71	0.37	-0.51	0.78	0.55	0.22	0.82	0.86	0.66	-0.42	0.45
Common Stock Shares Outstanding	0.42	-0.42	-0.34	-0.33	0.9	-0.06	-0.68	-0.08	0.84	0.29	-0.14	0.91	-0.18		-0.38	-0.37	0.36	0.86	-0.37	0.66	-0.2	-0.36	-0.26	-0.77	-0.34	-0.25
Non Current Liabilities Total	0.49	0.99	0.86	0.92	-0.19	0.76	0.87	0.87	-0.34	0.6	0.31	-0.4	0.8	-0.38		0.97	0.47	-0.73	0.99	0.18	0.43	0.9	0.79	0.83	0.13	0.78
Inventory	0.41	0.97	0.94	0.97	-0.25	0.68	0.89	0.84	-0.41	0.51	0.3	-0.45	0.71	-0.37	0.97		0.57	-0.72	0.98	0.12	0.51	0.81	0.77	0.82	0.23	0.9
Other Current Assets	0.49	0.48	0.59	0.6	0.34	0.36	0.26	0.56	0.22	0.45	0.21	0.24	0.37	0.36	0.47	0.57		0.05	0.51	0.52	0.39	0.23	0.35	0.12	0.08	0.68
Other Stockholder Equity	0.07	-0.75	-0.64	-0.67	0.69	-0.4	-0.85	-0.55	0.69	-0.06	-0.39	0.78	-0.51	0.86	-0.73	-0.72	0.05		-0.73	0.36	-0.4	-0.74	-0.57	-0.9	-0.33	-0.53
Total Liab	0.47	0.99	0.9	0.96	-0.21	0.74	0.88	0.87	-0.36	0.57	0.32	-0.41	0.78	-0.37	0.99	0.98	0.51	-0.73		0.17	0.48	0.88	0.8	0.83	0.16	0.82
Total Current Assets	0.91	0.1	0.01	0.13	0.89	0.63	-0.29	0.5	0.8	0.83	0.17	0.77	0.55	0.66	0.18	0.12	0.52	0.36	0.17		0.01	0.21	0.4	-0.17	-0.69	0.06
Short Term Debt	0.1	0.49	0.53	0.58	-0.19	0.24	0.42	0.47	-0.14	0.13	0.4	-0.22	0.22	-0.2	0.43	0.51	0.39	-0.4	0.48	0.01		0.27	0.26	0.44	0.24	0.63
Intangible Assets	0.51	0.86	0.65	0.75	-0.1	0.77	0.72	0.86	-0.22	0.61	0.38	-0.31	0.82	-0.36	0.9	0.81	0.23	-0.74	0.88	0.21	0.27		0.76	0.74	0.03	0.52
Accounts Payable	0.67	0.74	0.66	0.77	0.02	0.91	0.6	0.81	-0.14	0.75	0.27	-0.21	0.86	-0.26	0.79	0.77	0.35	-0.57	0.8	0.4	0.26	0.76		0.69	-0.3	0.61
Good Will	0.16	0.84	0.75	0.78	-0.57	0.59	0.9	0.6	-0.65	0.3	0.34	-0.73	0.66	-0.77	0.83	0.82	0.12	-0.9	0.83	-0.17	0.44	0.74	0.69		0.14	0.65
Common Stock Total Equity	-0.66	0.2	0.35	0.25	-0.61	-0.49	0.39	-0.07	-0.54	-0.61	0.03	-0.49	-0.42	-0.34	0.13	0.23	0.08	-0.33	0.16	-0.69	0.24	0.03	-0.3	0.14		0.31
Property Plant And Equipment Gross	0.27	0.82	0.9	0.9	-0.24	0.47	0.77	0.68	-0.39	0.34	0.22	-0.4	0.45	-0.25	0.78	0.9	0.68	-0.53	0.82	0.06	0.63	0.52	0.61	0.65	0.31

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Corning Incorporated Account Relationship Matchups

Corning Incorporated fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	30.8B	30.2B	29.5B	28.5B	27.7B	17.4B
Short Long Term Debt Total	8.7B	7.8B	7.8B	8.5B	8.1B	8.5B
Other Current Liab	1.8B	2.5B	2.6B	2.0B	2.7B	2.8B
Total Current Liabilities	3.8B	4.8B	5.2B	4.3B	4.9B	5.2B
Total Stockholder Equity	13.3B	12.3B	12.0B	11.6B	10.7B	9.6B
Property Plant And Equipment Net	16.4B	16.5B	16.2B	15.5B	14.2B	7.7B
Net Debt	6.0B	5.7B	6.1B	6.7B	6.3B	6.6B
Retained Earnings	16.1B	16.4B	16.8B	16.4B	15.9B	16.7B
Cash	2.7B	2.1B	1.7B	1.8B	1.8B	1.9B
Non Current Assets Total	22.8B	22.5B	22.0B	21.3B	19.7B	12.3B
Non Currrent Assets Other	1.0B	997M	977M	923M	949M	1.0B
Cash And Short Term Investments	2.7B	2.1B	1.7B	1.8B	1.8B	2.3B
Net Receivables	2.1B	2.0B	1.7B	1.6B	2.1B	1.1B
Common Stock Shares Outstanding	772M	844M	857M	859M	869M	1.1B
Liabilities And Stockholders Equity	30.8B	30.2B	29.5B	28.5B	27.7B	17.4B
Non Current Liabilities Total	13.6B	12.8B	12.0B	12.3B	11.7B	12.3B
Inventory	2.4B	2.5B	2.9B	2.7B	2.7B	2.9B
Other Current Assets	761M	1.0B	1.2B	1.2B	1.4B	1.5B
Other Stockholder Equity	(5.3B)	(3.8B)	(3.9B)	(3.7B)	(3.6B)	(3.4B)
Total Liab	17.3B	17.6B	17.2B	16.6B	16.7B	17.5B
Total Current Assets	8.0B	7.7B	7.5B	7.2B	8.0B	5.1B
Short Term Debt	252M	149M	335M	432M	421M	442.1M
Intangible Assets	1.3B	1.1B	1.0B	905M	752M	980.6M
Accounts Payable	1.2B	1.6B	1.8B	1.5B	1.5B	829.4M
Good Will	2.5B	2.4B	2.4B	2.4B	2.4B	1.7B
Common Stock Total Equity	859M	863M	907M	910M	819M	1.2B
Property Plant And Equipment Gross	16.4B	15.8B	30.4B	30.1B	28.6B	30.1B
Accumulated Other Comprehensive Income	(740M)	(1.2B)	(1.8B)	(2.0B)	(2.5B)	(2.4B)
Common Stock	863M	907M	910M	916M	921M	981.8M
Other Liab	4.2B	5.7B	5.8B	4.6B	5.3B	2.9B
Other Assets	3.3B	3.1B	3.3B	3.4B	3.3B	2.4B
Long Term Debt	7.8B	7.0B	6.7B	7.2B	6.9B	4.5B
Treasury Stock	(19.8B)	(19.9B)	(20.3B)	(20.5B)	(18.5B)	(17.6B)
Property Plant Equipment	15.7B	15.8B	15.4B	14.6B	13.4B	11.0B
Current Deferred Revenue	363M	371M	276M	329M	317M	414.3M
Net Tangible Assets	10.6B	11.0B	8.8B	8.6B	7.7B	11.7B
Noncontrolling Interest In Consolidated Entity	90M	191M	212M	267M	307.1M	322.4M
Retained Earnings Total Equity	16.4B	16.1B	16.4B	16.8B	19.3B	14.4B

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Corning Operating Income vs Income Tax Expense Analysis

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Operating Income

Income Tax Expense

Corning Incorporated fundamental ratios Correlations

Corning Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Corning Incorporated fundamental ratios Accounts

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Additional Tools for Corning Stock Analysis

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Liabilities	+ 0.98	Other Current Liab
Cash And Short Term Investments	+ 0.98	Cash

Good Will	- 0.9	Other Stockholder Equity
Other Stockholder Equity	- 0.85	Net Debt
Cash And Short Term Investments	- 0.78	Net Debt
Good Will	- 0.77	Common Stock Shares Outstanding
Cash	- 0.75	Net Debt
Other Stockholder Equity	- 0.75	Short Long Term Debt Total