-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AO7hBClvQzSFmDHq4oAGRYgRlIRVz18zo+bMKu3n5+Vtghy2L/9kEVnDjm+IRS+2 uEQmiUL2wwWu/IjxfaUQtg== 0000024741-01-000019.txt : 20010420 0000024741-01-000019.hdr.sgml : 20010420 ACCESSION NUMBER: 0000024741-01-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010418 ITEM INFORMATION: FILED AS OF DATE: 20010418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNING INC /NY CENTRAL INDEX KEY: 0000024741 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 160393470 STATE OF INCORPORATION: NY FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03247 FILM NUMBER: 1605687 BUSINESS ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 BUSINESS PHONE: 6079749000 MAIL ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 FORMER COMPANY: FORMER CONFORMED NAME: CORNING INC /NY / CORNING LAB SERVICES INC DATE OF NAME CHANGE: 19930713 FORMER COMPANY: FORMER CONFORMED NAME: CORNING GLASS WORKS DATE OF NAME CHANGE: 19890512 8-K 1 0001.txt FORM 8-K FOR CORNING'S REALIGNMENT OF SEGMENTS SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: (Date of earliest event reported) April 18, 2001 CORNING INCORPORATED (Exact name of registrant as specified in its charter) New York 1-3247 16-0393470 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) One Riverfront Plaza, Corning, New York 14831 (Address of principal executive offices) (Zip Code) (607) 974-9000 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Item 5. Current Events Effective with the first quarter 2001, Corning realigned the photonic materials product line previously reported in other businesses within the Advanced Materials Segment to its photonic technologies business in the Telecommunications Segment. Photonic materials manufactures photonic subcomponents such as polarizers, lenses and ferrules that are used in applications for optical isolators, amplifiers and external modulators and shares growth and investment characteristics similar to the photonic technologies business. Filed herewith is the following financial information: (1) Segment information for the quarters ended March 31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000 restated to conform to future presentations. (2) Sales information by business within the Telecommunications and Advanced Materials Segment for the quarters ended March 31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000 restated to conform to future presentations. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CORNING INCORPORATED Registrant Date: April 18, 2001 By /s/ KATHERINE A. ASBECK Katherine A. Asbeck Senior Vice President and Controller Corning Incorporated and Subsidiary Companies Restated Quarterly Information by Operating Segment (In millions)
2000 ------------------------------------------------------------- Q1 Q2 Q3 Q4 Total -------- ------- ------- -------- -------- Telecommunications Net sales $ 905 $ 1,295 $ 1,422 $ 1,564 $ 5,186 Research, development and engineering expenses $ 78 $ 86 $ 103 $ 128 $ 395 Interest expense $ 15 $ 19 $ 16 $ 20 $ 70 Segment earnings before minority interest and equity earnings $ 112 $ 181 $ 203 $ 212 $ 708 Minority interest in losses of subsidiaries 3 3 Equity in earnings (losses) of associated companies (3) 4 1 -------- ------- ------- -------- -------- Segment net income $ 115 $ 178 $ 203 $ 216 $ 712 ======== ======= ======= ======== ======== Advanced Materials Net sales $ 252 $ 259 $ 253 $ 257 $ 1,021 Research, development and engineering expenses $ 26 $ 28 $ 32 $ 30 $ 116 Interest expense $ 6 $ 5 $ 4 $ 3 $ 18 Segment earnings before minority interest and equity earnings $ 17 $ 18 $ 20 $ 3 $ 58 Minority interest in earnings of subsidiaries Equity in earnings of associated companies 6 6 5 5 22 -------- ------- ------- -------- -------- Segment net income $ 23 $ 24 $ 25 $ 8 $ 80 ======== ======= ======= ======== ======== Information Display Net sales $ 188 $ 216 $ 236 $ 254 $ 894 Research, development and engineering expenses $ 6 $ 6 $ 6 $ 11 $ 29 Interest expense $ 3 $ 5 $ 5 $ 6 $ 19 Segment earnings before minority interest and equity earnings $ 20 $ 32 $ 36 $ 26 $ 114 Minority interest in earnings of subsidiaries (6) (7) (7) (7) (27) Equity in earnings of associated companies 27 35 45 38 145 -------- ------- ------- -------- -------- Segment net income $ 41 $ 60 $ 74 $ 57 $ 232 ======== ======= ======= ======== ======== Total Segments Net sales $ 1,345 $ 1,770 $ 1,911 $ 2,075 $ 7,101 Research, development and engineering expenses $ 110 $ 120 $ 141 $ 169 $ 540 Interest expense $ 24 $ 29 $ 25 $ 29 $ 107 Segment earnings before minority interest and equity earnings $ 149 $ 231 $ 259 $ 241 $ 880 Minority interest in earnings of subsidiaries (3) (7) (7) (7) (24) Equity in earnings of associated companies 33 38 50 47 168 -------- ------- ------- -------- -------- Segment net income $ 179 $ 262 $ 302 $ 281 $ 1,024 ======== ======= ======= ======== ========
Corning Incorporated and Subsidiary Companies Restated Quarterly Sales Information (In millions)
2000 ------------------------------------------------------------- Q1 Q2 Q3 Q4 Total -------- ------- ------- -------- -------- Telecommunications Fiber and Cable $ 479 $ 722 $ 795 $ 879 $ 2,875 Hardware and Equipment 183 276 288 273 1,020 Photonic Technologies 186 238 273 342 1,039 Optical Networking Devices 5 6 11 Controls and Connectors 57 59 61 64 241 -------- ------- ------- -------- -------- Segment net sales $ 905 $ 1,295 $ 1,422 $ 1,564 $ 5,186 ======== ======= ======= ======== ======== Advanced Materials Environmental $ 103 $ 103 $ 101 $ 104 $ 411 Life Sciences 63 66 62 57 248 Semiconductor and other 86 90 90 96 362 -------- ------- ------- -------- -------- Segment net sales $ 252 $ 259 $ 253 $ 257 $ 1,021 ======== ======= ======= ======== ========
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