Summary
This 8-K/A filing from Corning Inc. (GLW) primarily serves as an amendment to provide updated financial information related to the acquisition of Samsung Corning Precision Materials Co., Ltd. The report includes the audited financial statements of the acquired entity for the years ended December 31, 2013, 2012, and 2011. Additionally, it presents unaudited pro forma combined consolidated financial information for Corning, reflecting the impact of this acquisition on its balance sheet as of December 31, 2013, and its statement of income for the year ended December 31, 2013. Investors should note that this filing's core purpose is to integrate the financial details of the acquired Samsung Corning Precision Materials business into Corning's reporting. The inclusion of these audited and pro forma statements is crucial for understanding the combined financial position and performance of the enlarged Corning entity post-acquisition. While the event date of the acquisition is listed as January 14, 2014, the filing date of April 2, 2014, indicates the subsequent provision of comprehensive financial disclosures.
Key Highlights
- 1Filing provides audited financial statements for the acquired Samsung Corning Precision Materials Co., Ltd. for the years 2011-2013.
- 2Includes unaudited pro forma combined consolidated financial information for Corning, reflecting the acquisition's impact.
- 3The pro forma information includes a balance sheet as of December 31, 2013, and a statement of income for the year ended December 31, 2013.
- 4This filing is an amendment, indicating supplementary financial data is being provided after an initial report.
- 5References to previous filings (8-K dated Oct 25, 2013 and Jan 15, 2014, and 10-K filings) are made for comprehensive understanding.
- 6The acquisition of Samsung Corning Precision Materials Co., Ltd. is the central transaction being financially detailed.