10-QPeriod: Q1 FY2003

CORNING INC /NY Quarterly Report for Q1 Ended Mar 31, 2003

Filed May 1, 2003For Securities:GLW

Summary

Corning Incorporated (GLW) filed its Form 10-Q for the quarterly period ended March 31, 2003, on April 30, 2003. This report provides a snapshot of the company's financial performance and position during the first quarter of 2003. While the filing itself is a standard regulatory document, it indicates that the company has met its reporting requirements and is considered an accelerated filer. Investors reviewing this filing would be looking for details on revenue, profitability, cash flow, and any significant operational or financial developments. The attached financial statements and Management's Discussion and Analysis (MD&A) are crucial for understanding the company's current financial health and future outlook, including its ability to manage its debt and generate cash. Further insights would be gained from the specific figures within the Consolidated Statements of Operations, Balance Sheets, and Cash Flows, as well as any disclosures regarding market risks or legal proceedings.

Key Highlights

  • 1Corning Inc. filed its Form 10-Q for the quarter ending March 31, 2003, on April 30, 2003.
  • 2The company is identified as an accelerated filer, suggesting a certain level of financial maturity and reporting history.
  • 3The filing includes unaudited Consolidated Statements of Operations, Balance Sheets, and Cash Flows for the period.
  • 4Detailed financial performance and condition information is available in Item 2: Management's Discussion and Analysis (MD&A).
  • 5The report confirms that the registrant has filed all required reports for the preceding 12 months and has been subject to filing requirements for at least 90 days.
  • 6The number of outstanding common shares as of March 31, 2003, was 1,205,775,286.
  • 7The filing includes certifications from the CEO and CFO regarding the accuracy and completeness of the report and the effectiveness of internal controls.

Frequently Asked Questions

The primary purpose of this 10-Q filing is to provide investors with an update on Corning Incorporated's financial performance and position for the first quarter of 2003. It includes unaudited financial statements and management's discussion of the results, allowing investors to assess the company's operational efficiency, financial health, and any material changes that may impact their investment decisions.

Detailed financial results for the quarter ending March 31, 2003, can be found in the 'Item 1. Financial Statements' section, which includes the Consolidated Statements of Operations, Consolidated Balance Sheets, and Consolidated Statements of Cash Flows. Additionally, 'Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations' provides management's perspective and analysis of these results.

Being an 'accelerated filer' means that Corning Incorporated meets certain criteria set by the SEC, including having a public float of $75 million or more and being subject to reporting requirements for at least 12 calendar months. This status generally indicates a larger, more established company with more frequent and detailed reporting obligations.

Yes, the filing includes sections for 'Item 3. Quantitative and Qualitative Disclosures About Market Risk' and 'Item 4. Controls and Procedures' which may contain relevant information. 'Item 1. Legal Proceedings' in Part II of the filing would detail any significant legal matters the company is involved in.