SEC Info - Corning Inc/NY - ‘10-K’ for 12/31/08

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Corning Inc/NY – ‘10-K’ for 12/31/08 – EX-12

On: Tuesday, 2/24/09, at 8:02am ET · For: 12/31/08 · Accession #: 1193125-9-35649 · File #: 1-03247

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/24/09  Corning Inc/NY                    10-K       12/31/08   15:3.2M                                   RR Donnelley/FA

Annual Report — Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.46M 
 2: EX-3.(II)   By-Laws of Corning Amended to and Effective as of   HTML     72K 
                          February 4, 2009                                       
 3: EX-10.50    Form of Corning Incorporated Non-Qualified Stock    HTML     27K 
                          Option Agreement                                       
 4: EX-10.51    Form of Corning Incorporated Incentive Stock Right  HTML     39K 
                          Agreement                                              
 5: EX-10.52    Form of Corning Incorporated Incentive Stock Plan   HTML     24K 
                          Agreement                                              
 6: EX-10.53    Form of Change of Control Agreement Amendment No.   HTML     13K 
                          3 Effective December 19, 2008                          
 7: EX-10.54    Form of Officer Severance Agreement Amendment No.   HTML     14K 
                          2 Effective December 19, 2008                          
 8: EX-10.55    Amendment No. 3 Dated December 19, 2008             HTML     15K 
 9: EX-12       Computation of Ratio of Earings to Combined Fixed   HTML     41K 
                          Charges & Preferred Dividends                          
10: EX-21       Subsidiaries of the Registrant                      HTML     18K 
11: EX-23       Consent of Independent Registered Public            HTML     10K 
                          Accounting Firm                                        
12: EX-24       Powers of Attorney                                  HTML     55K 
13: EX-31.1     Certification Pursuant to Rule 13A-15(E) and        HTML     16K 
                          15D-15(E)                                              
14: EX-31.2     Certification Pursuant to Rule 13A-15(E) and        HTML     16K 
                          15D-15(E)                                              
15: EX-32       Certification Pursuant to 18 U.S.C. Section 1350    HTML     11K

EX-12 — Computation of Ratio of Earings to Combined Fixed Charges & Preferred Dividends

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Computation of Ratio of Earings to combined Fixed Charges & Preferred Dividends

EXHIBIT 12

Corning Incorporated and Subsidiary Companies

Computation of Ratio of Earnings (Losses) to Combined Fixed Charges and Preferred Dividends:

(In millions, except ratios)


	Fiscal Years ended December 31,
	2008			2007			2006			2005			2004

Income (loss) from continuing operations before taxes on income	$	1,523		$	1,291		$	961		$	559		$	(1,604	)
Adjustments:
Distributed income of equity investees		546			490			363			302			139
Amortization of capitalized interest		1			3			4			4			5
Fixed charges net of capitalized interest		78			104			97			130			151


Earnings (loss) before taxes and fixed charges as adjusted	$	2,148		$	1,888		$	1,425		$	995		$	(1,309	)


Fixed charges:
Interest incurred	$	88		$	96		$	107		$	132		$	151
Portion of rent expense which represents an appropriate interest factor		19			25			25			22			18
Amortization of debt costs		2			2			2			3			4


Total fixed charges		109			123			134			157			173
Capitalized interest		(31	)		(19	)		(37	)		(27	)		(22	)


Total fixed charges net of capitalized interest	$	78		$	104		$	97		$	130		$	151


Total fixed charges	$	109		$	123		$	134		$	157		$	173


Fixed charges and pre-tax preferred dividend requirement	$	109		$	123		$	134		$	157		$	173


Ratio of earnings to fixed charges		19.7x			15.3x			10.6x			6.3x			*


Ratio of earnings to combined fixed charges and preferred dividends		19.7x			15.3x			10.6x			6.3x			*

*	Loss before taxes and fixed charges as adjusted were inadequate to cover total fixed charges by approximately $1,458 million and inadequate to cover fixed charges and pre-tax preferred dividend requirement by approximately $1,458 million at December 31, 2004.

183

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed on:	2/24/09
For Period End:	12/31/08	11-K, 4, 8-K
	12/31/04	10-K, 11-K, 4, 8-K
		List all Filings

4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/12/24  Corning Inc./NY                   10-K       12/31/23  130:19M                                    RDG Filings/FA
 2/13/23  Corning Inc./NY                   10-K       12/31/22  136:20M                                    RDG Filings/FA
 2/14/22  Corning Inc./NY                   10-K       12/31/21  139:22M                                    RDG Filings/FA
 2/12/21  Corning Inc./NY                   10-K       12/31/20  145:52M                                    Certent, Inc./FA

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Filing Submission 0001193125-09-035649 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)