Exhibit 99.1


Boeing Reports Fourth-Quarter Results
Fourth Quarter 2020
Financial results significantly impacted by COVID-19, 737 MAX grounding, and commercial widebody programs
777X program recorded $6.5 billion pre-tax charge; first delivery expected in late 2023
737 MAX began receiving regulatory approval to resume operations and restarted deliveries
Revenue of $15.3 billion, GAAP loss per share of ($14.65) and core (non-GAAP)* loss per share of ($15.25)
Full-Year 2020
Revenue of $58.2 billion, GAAP loss per share of ($20.88) and core (non-GAAP)* loss per share of ($23.25)
Operating cash flow of ($18.4) billion; cash and marketable securities of $25.6 billion
Total backlog of $363 billion, including more than 4,000 commercial airplanes
Strengthening safety processes, improving performance, managing liquidity and transforming for the future
Table 1. Summary Financial Results
Fourth Quarter Full Year
(Dollars in Millions, except per share data) 2020 2019 Change 2020 2019 Change
Revenues $15,304  $17,911  (15)% $58,158  $76,559  (24)%
GAAP
Loss From Operations ($8,049) ($2,204) NM ($12,767) ($1,975) NM
Operating Margin (52.6) % (12.3) % NM (22.0) % (2.6) % NM
Net Loss ($8,439) ($1,010) NM ($11,941) ($636) NM
Loss Per Share ($14.65) ($1.79) NM ($20.88) ($1.12) NM
Operating Cash Flow ($4,009) ($2,220) NM ($18,410) ($2,446) NM
Non-GAAP*
Core Operating Loss ($8,377) ($2,526) NM ($14,150) ($3,390) NM
Core Operating Margin (54.7) % (14.1) % NM (24.3) % (4.4) % NM
Core Loss Per Share ($15.25) ($2.33) NM ($23.25) ($3.47) NM
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures."    
    CHICAGO, January 27, 2021
– The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year (Table 1). GAAP loss per share of ($14.65) and core loss per share (non-GAAP)* of ($15.25) reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge. Boeing recorded operating cash flow of ($4.0) billion.
    “2020 was a year of profound societal and global disruption which significantly constrained our industry. The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results. I am proud of the resilience and dedication our global team demonstrated in this environment as we strengthened our safety processes, adapted to our market and supported our customers, suppliers, communities and each other,” said Boeing President and Chief Executive Officer Dave Calhoun. “Our balanced portfolio of diverse defense, space and services programs continues to provide important stability as we lay the foundation for our recovery.
1

The following information was filed by Boeing Co (BA) on Wednesday, January 27, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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