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Earnings (Loss) Per Common Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings (Loss) Per Common Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) per Common Share







 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months Ended



 

March 31,



 

2019

 

2018

Net income (loss) attributable to Corning Incorporated

 

$

499 

 

$

(589)

Less:  Series A convertible preferred stock dividend

 

 

24 

 

 

24 

Net income (loss) available to common stockholders – basic

 

 

475 

 

 

(613)

Plus:  Series A convertible preferred stock dividend 

 

 

24 

 

 

 

Net income (loss) available to common stockholders – diluted

 

$

499 

 

$

(613)



 

 

 

 

 

 

Weighted-average common shares outstanding – basic

 

 

784 

 

 

848 

Effect of dilutive securities:

 

 

 

 

 

 

Employee stock options and other dilutive securities

 

 

 

 

 

Series A convertible preferred stock 

 

 

115 

 

 

 

Weighted-average common shares outstanding – diluted

 

 

908 

 

 

848 

Basic earnings (loss) per common share

 

$

0.61 

 

$

(0.72)

Diluted earnings (loss) per common share

 

$

0.55 

 

$

(0.72)



 

 

 

 

 

 

Antidilutive potential shares excluded from
  diluted earnings per common share:

 

 

 

 

 

 

Series A convertible preferred stock (1)

 

 

 

 

 

115 

Employee stock options and awards

 

 

 

 

 

11 

Total

 

 

 

 

 

126 



 

 

 

 

 

 

For the quarter ended March 31, 2018 the Series A preferred stock was anti-dilutive and therefore excluded from the calculation of diluted loss per share