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Boeing Co (BA) SEC Filing 10-K Annual Report for the fiscal year ending Saturday, December 31, 2022

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BA Annual Reports

Boeing Co

CIK: 12927 Ticker: BA
Exhibit 99.1

pressreleaseheader.jpg
Boeing Reports Fourth-Quarter Results
Fourth Quarter 2022
Generated $3.5 billion of operating cash flow and $3.1 billion of free cash flow (non-GAAP); cash and marketable securities of $17.2 billion
Certification efforts continue on 737-7 and 737-10
Delivered 152 commercial airplanes and recorded 376 net orders
Full Year 2022
Generated $3.5 billion of operating cash flow and $2.3 billion of free cash flow (non-GAAP)
Delivered 480 commercial airplanes and recorded 808 net orders
Total company backlog grew to $404 billion; including over 4,500 commercial airplanes
Outlook for 2023
Reaffirming guidance: $4.5-$6.5 billion of operating cash flow and $3.0-$5.0 billion free cash flow (non-GAAP)

Table 1. Summary Financial Results
Fourth QuarterFull Year
(Dollars in Millions, except per share data)20222021Change20222021Change
Revenues$19,980 $14,793 35%$66,608 $62,286 7%
GAAP
Loss From Operations($353)($4,171)NM($3,547)($2,902)NM
Operating Margin(1.8)%(28.2)%NM(5.3)%(4.7)%NM
Net Loss($663)($4,164)NM($5,053)($4,290)NM
Loss Per Share($1.06)($7.02)NM($8.30)($7.15)NM
Operating Cash Flow$3,457 $716 383%$3,512 ($3,416)NM
Non-GAAP*
Core Operating Loss($650)($4,536)NM($4,690)($4,075)NM
Core Operating Margin(3.3)%(30.7)%NM(7.0)%(6.5)%NM
Core Loss Per Share($1.75)($7.69)NM($11.06)($9.44)NM
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 5, “Non-GAAP Measures Disclosures."    
    ARLINGTON, January 25, 2023
– The Boeing Company [NYSE: BA] recorded fourth-quarter revenue of $20.0 billion, GAAP loss per share of ($1.06), and core loss per share (non-GAAP)* of ($1.75) (Table 1). Boeing also generated $3.5 billion of operating cash flow and $3.1 billion of free cash flow (non-GAAP). Results improved on commercial volume and performance.
    "We had a solid fourth quarter, and 2022 proved to be an important year in our recovery,” said Dave Calhoun, Boeing President and Chief Executive Officer. “Demand across our portfolio is strong, and we remain focused on driving stability in our operations and within the supply chain to meet our commitments in 2023 and beyond. We are investing in our business, innovating and prioritizing safety, quality and transparency in all that we do. While challenges remain, we are well positioned and are on the right path to restoring our operational and financial strength.”


1

The following information was filed by Boeing Co (BA) on Wednesday, January 25, 2023 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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Inside Boeing Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Equity (Parenthetical)
Consolidated Statements Of Financial Position
Consolidated Statements Of Financial Position (Parenthetical)
Consolidated Statements Of Operations
Accounts Receivable, Net
Accounts Receivable, Net (Tables)
Accounts Receivable, Net - Schedule Of Accounts Receivable (Details)
Allowance For Losses On Financial Assets
Allowance For Losses On Financial Assets (Tables)
Allowance For Losses On Financial Assets - Schedule Of Financial Assets, Allowance For Credit Loss (Details)
Arrangements With Off-Balance Sheet Risk
Arrangements With Off-Balance Sheet Risk (Tables)
Arrangements With Off-Balance Sheet Risk - Schedule Of Guarantor Obligations (Details)
Contracts With Customers
Contracts With Customers (Tables)
Contracts With Customers - Narrative (Details)
Contracts With Customers - Schedule Of Unbilled Receivables And Claims) (Details)
Customer Financing
Customer Financing (Tables)
Customer Financing - Components Of Investment In Sales-Type Or Finance Leases (Details)
Customer Financing - Customer Financing Asset Impairment Charges (Details)
Customer Financing - Financing Receivable Credit Quality Indicators (Details)
Customer Financing - Narrative (Details)
Customer Financing - Schedule Of Customer Financing (Details)
Customer Financing - Schedule Of Customer Financing Carrying Values Related To Major Aircraft Concentrations (Details)
Customer Financing - Scheduled Receipts On Customer Financing (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of Debt (Details)
Debt - Schedule Of Short-Term Debt And Current Portion Of Long-Term Debt (Details)
Debt - Scheduled Principal Payments For Debt And Capital Lease Obligations (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Narrative (Details)
Derivative Financial Instruments - Reclassification Out Of Accumulated Other Comprehensive Income (Details)
Derivative Financial Instruments - Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value (Details)
Derivative Financial Instruments - Schedule Of Derivative Instruments, Gains/(Losses) In Statement Of Financial Performance (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Narrative (Details)
Earnings Per Share - Schedule Of Weighted Average Number Of Shares (Details)
Earnings Per Share - Schedule Of Weighted Average Number Of Shares Outstanding Excluded From The Computation Of Diluted Earnings Per Share (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Fair Value, Assets And Liabilities Measured On Recurring Basis (Details)
Fair Value Measurements - Fair Value, Assets Measured On Nonrecurring Basis Using Unobservable Inputs (Details)
Fair Value Measurements - Fair Value, Assets Measured On Nonrecurring Basis, Valuation Techniques (Details)
Fair Value Measurements - Fair Values And Related Carrying Values Of Financial Instruments (Details)
Goodwill And Acquired Intangibles
Goodwill And Acquired Intangibles (Tables)
Goodwill And Acquired Intangibles - Narrative (Details)
Goodwill And Acquired Intangibles - Schedule Of Finite-Lived Intangible Assets (Details)
Goodwill And Acquired Intangibles - Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense (Details)
Goodwill And Acquired Intangibles - Schedule Of Goodwill By Reportable Segment (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Earnings Before Income Taxes Between Domestic And Foreign Jurisdictions (Details)
Income Taxes - Narrative (Details)
Income Taxes - Net Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Schedule Of Income Tax Expense/(Benefit) (Details)
Income Taxes - Schedule Of Unrecognized Tax Benefits Roll Forward (Details)
Income Taxes - Significant Components Of Deferred Tax Assets Net Of Deferred Tax Liabilities (Details)
Inventories
Inventories (Tables)
Inventories - Narrative (Details)
Inventories - Schedule Of Inventory, Current (Details)
Investments
Investments (Tables)
Investments - Schedule Of Equity Method Investments (Details)
Investments - Schedule Of Investments (Details)
Leases
Leases (Tables)
Leases - Narrative (Details)
Leases - Schedule Of Maturities Of Operating Liabilities (Details)
Leases - Schedule Of Supplemental Balance Sheet Information Related To Operating Leases (Details)
Legal Proceedings
Legal Proceedings - Narrative (Details)
Liabilities, Commitments And Contingencies
Liabilities, Commitments And Contingencies (Tables)
Liabilities, Commitments And Contingencies - Narrative (Details)
Liabilities, Commitments And Contingencies - Schedule Of Accrued Liabilities (Details)
Liabilities, Commitments And Contingencies - Schedule Of Contractual Obligation, Fiscal Year Maturity (Details)
Liabilities, Commitments And Contingencies - Schedule Of Environmental Remediation Activity (Details)
Liabilities, Commitments And Contingencies - Schedule Of Product Warranty Activity (Details)
Liabilities, Commitments, And Contingencies - Schedule Of 737 Max Customer Concessions And Other Considerations Liability (Details)
Postretirement Plans
Postretirement Plans (Tables)
Postretirement Plans - Components Of Net Periodic Benefit Cost (Details)
Postretirement Plans - Narrative (Details)
Postretirement Plans - Schedule Of Actual Allocations For Pension Assets And Target Allocations By Asset Class (Details)
Postretirement Plans - Schedule Of Allocation Of Plan Assets (Details)
Postretirement Plans - Schedule Of Amounts Recognized In Accumulated Other Comprehensive Loss (Details)
Postretirement Plans - Schedule Of Assumed Health Care Cost Trend Rates (Details)
Postretirement Plans - Schedule Of Assumptions Used To Calculate The Benefit Obligation And Net Periodic Benefit Costs (Details)
Postretirement Plans - Schedule Of Changes In The Benefit Obligation, Plan Assets And Funded Status Of Pensions And Opb (Details)
Postretirement Plans - Schedule Of Effect Of Significant Unobservable Inputs, Changes In Plan Assets (Details)
Postretirement Plans - Schedule Of Estimated Future Benefit Payments (Details)
Postretirement Plans - Schedule Of Key Information For All Plans With Abo In Excess Of Plan Assets (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Narrative (Details)
Property, Plant And Equipment - Schedule Of Property, Plant And Equipment (Details)
Segment And Revenue Information
Segment And Revenue Information (Tables)
Segment And Revenue Information - Narrative (Details)
Segment And Revenue Information - Reconciliation Of Assets From Segment To Consolidated (Details)
Segment And Revenue Information - Schedule Of Capital Expenditures By Segment (Details)
Segment And Revenue Information - Schedule Of Depreciation And Amortization Expense By Segment (Details)
Segment And Revenue Information - Schedule Of Disaggregation Of Revenue (Details)
Segment And Revenue Information - Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area (Details)
Segment And Revenue Information - Schedule Of Unallocated Items And Eliminations (Details)
Share-Based Compensation And Other Compensation Arrangements
Share-Based Compensation And Other Compensation Arrangements (Tables)
Share-Based Compensation And Other Compensation Arrangements - Narrative (Details)
Share-Based Compensation And Other Compensation Arrangements - Schedule Of Performance Based Restricted Stock Units Award Activity (Details)
Share-Based Compensation And Other Compensation Arrangements - Schedule Of Performance Based Restricted Stock Units Award Grant Fair Values (Details)
Share-Based Compensation And Other Compensation Arrangements - Schedule Of Restricted Stock Units Award Activity (Details)
Share-Based Compensation And Other Compensation Arrangements - Schedule Of Share-Based Payment Award, Stock Options, Valuation Assumptions (Details)
Share-Based Compensation And Other Compensation Arrangements - Schedule Of Share-Based Plans Expense And Related Income Tax Benefit (Details)
Share-Based Compensation And Other Compensation Arrangements - Schedule Of Stock Options Activity (Details)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Narrative (Details)
Shareholders' Equity - Schedule Of Accumulated Other Comprehensive Income (Loss) (Details)
Shareholders' Equity - Schedule Of Common Stock Outstanding Roll Forward (Details)
Summary Of Business Segment Data
Summary Of Business Segment Data (Tables)
Summary Of Business Segment Data - Schedule Of Segment Reporting Information, By Segment (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policy)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Schedule Of Change In Accounting Estimate (Details)
Ticker: BA
CIK: 12927
Form Type: 10-K Annual Report
Accession Number: 0000012927-23-000007
Submitted to the SEC: Fri Jan 27 2023 2:26:33 PM EST
Accepted by the SEC: Fri Jan 27 2023
Period: Saturday, December 31, 2022
Industry: Aircraft

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