10-QPeriod: Q1 FY2004

CORNING INC /NY Quarterly Report for Q1 Ended Mar 31, 2004

Filed May 4, 2004For Securities:GLW

Summary

Corning Incorporated's (GLW) first quarter 2004 report shows continued financial activity as of March 31, 2004. The company has maintained its status as an accelerated filer, indicating a certain level of financial maturity and reporting regularity. Investors will be keen to review the detailed financial statements, including the Consolidated Statements of Operations, Balance Sheets, and Cash Flows, for the three months ended March 31, 2004, and compare them against the prior year period. This filing also includes important discussions on the company's financial condition and results of operations, market risk disclosures, and controls and procedures. Additionally, the extensive exhibit index highlights various executive compensation and change-in-control agreements, which are significant for understanding corporate governance and potential future impacts on shareholder value.

Key Highlights

  • 1Corning Inc. filed its 10-Q for the quarterly period ending March 31, 2004.
  • 2The company confirmed it has filed all required reports for the preceding 12 months and is subject to filing requirements for at least 90 days.
  • 3Corning is classified as an accelerated filer, suggesting a robust reporting framework.
  • 4As of March 31, 2004, there were 1,372,202,544 shares of Corning's Common Stock outstanding.
  • 5The filing includes Consolidated Statements of Operations, Balance Sheets, and Cash Flows for the three months ended March 31, 2004, and comparative periods.
  • 6Management's Discussion and Analysis (MD&A) provides insights into the company's financial condition and operational results.
  • 7A comprehensive exhibit index details various officer severance and change-in-control agreements, reflecting executive compensation and governance structures.

Frequently Asked Questions

This filing includes the Consolidated Statements of Operations, Consolidated Balance Sheets, and Consolidated Statements of Cash Flows for the three months ended March 31, 2004, along with comparative data for the prior year periods and year-end 2003 where applicable.

Being an accelerated filer means Corning is a larger company that meets specific SEC criteria, indicating a certain level of financial stability and compliance with reporting standards. It also implies more frequent and timely financial disclosures.

The MD&A section provides management's perspective on the company's financial condition, results of operations, liquidity, and capital resources. It offers crucial context and analysis beyond the raw numbers presented in the financial statements.

Yes, the exhibit index lists several officer severance agreements and change-in-control agreements, dated in early 2004 and preceding years. These documents detail arrangements for key executives and can be important for understanding executive compensation, retention, and potential changes in corporate control.