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Boeing Co (BA) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Boeing Co

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CIK: 778426 Ticker: BA

 
 
Exhibit 99.1
boeingblacksmall300a03.jpg
 
News Release
  
 
 
 
 
  
Boeing Corporate Offices
100 North Riverside Plaza
Chicago, IL 60606-1596
www.boeing.com
Boeing Reports Record 2017 Results and Provides 2018 Guidance
Fourth-Quarter 2017
▪
Record operating earnings of $3.0 billion with operating cash flow of $2.9 billion on strong performance
▪
GAAP EPS of $5.18 and core EPS (non-GAAP)* of $4.80 on strong deliveries, performance and tax reform
Full-Year 2017
▪
Record operating cash flow of $13.3 billion; repurchased 46.1 million shares for $9.2 billion
▪
Revenue of $93.4 billion reflecting a record 763 commercial deliveries
▪
Backlog remains robust at $488 billion, including a record 5,864 commercial aircraft
▪
Cash and marketable securities of $10.0 billion provide strong liquidity
Outlook for 2018
▪
Operating cash flow expected to increase to approximately $15.0 billion
▪
Revenue guidance of between $96.0 and $98.0 billion reflects commercial deliveries of between 810 and 815
▪
2018 GAAP EPS of between $15.90 and $16.10; core EPS (non-GAAP)* of between $13.80 and $14.00
Table 1. Summary Financial Results
 
Fourth Quarter
 
 
 
Full Year
 
 
(Dollars in Millions, except per share data)
 
2017
 
2016
 
Change
 
2017
 
2016
 
Change
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 

$25,368

 

$23,286

 
9
%
 

$93,392

 

$94,571

 
(1
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP
 
 
 
 
 
 
 
 
 
 
 
 
Earnings From Operations
 

$3,030

 

$2,183

 
39
%
 

$10,278

 

$5,834

 
76
 %
Operating Margin
 
11.9
%
 
9.4
%
 
2.5
 Pts
 
11.0
%
 
6.2
%
 
4.8
  Pts
Net Earnings
 

$3,132

 

$1,631

 
92
%
 

$8,197

 

$4,895

 
67
 %
Earnings Per Share
 

$5.18

 

$2.59

 
100
%
 

$13.43

 

$7.61

 
76
 %
Operating Cash Flow
 

$2,904

 

$2,832

 
3
%
 

$13,344

 

$10,499

 
27
 %
Non-GAAP*
 
 
 
 
 
 
 
 
 
 
 
 
Core Operating Earnings
 

$2,676

 

$2,064

 
30
%
 

$8,970

 

$5,464

 
64
 %
Core Operating Margin
 
10.5
%
 
8.9
%
 
1.6
 Pts
 
9.6
%
 
5.8
%
 
3.8
  Pts
Core Earnings Per Share
 

$4.80

 

$2.47

 
94
%
 

$12.04

 

$7.24

 
66
 %
* Non-GAAP measures. Complete definitions of Boeing’s non-GAAP measures are on page 7, “Non-GAAP Measures Disclosures.”     
CHICAGO, January 31, 2018 – The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $25.4 billion with GAAP earnings per share of $5.18 and core earnings per share (non-GAAP)* of $4.80 reflecting record deliveries and strong performance, as well as favorable tax reform of $1.74 per share (Table 1).
Revenue was $93.4 billion for the full year reflecting deliveries mix with GAAP earnings per share of $13.43 and core earnings per share (non-GAAP)* of $12.04 reflecting strong execution and favorable tax reform.

1
The following information was filed by Boeing Co (BA) on Wednesday, January 31, 2018 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

Document And Entity Information
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
Accounts Receivable (narrative) (details)
Accounts Receivable (schedule Of Accounts Receivable Under Long-term Contracts) (details)
Accounts Receivable (schedule Of Accounts Receivable) (details)
Accounts Receivable (tables)
Arrangements With Off-balance Sheet Risk
Arrangements With Off-balance Sheet Risk (narrative) (details)
Arrangements With Off-balance Sheet Risk (schedule Of Arrangements With Off-balance Sheet Risk) (details)
Arrangements With Off-balance Sheet Risk (tables)
Customer Financing
Customer Financing (allowance For Losses On Financing Receivables) (details)
Customer Financing (components Of Investment In Sales-type Or Finance Leases) (details)
Customer Financing (customer Financing Asset Impairment Charges) (details)
Customer Financing (financing Receivable Balances Evaluated For Impairment) (details)
Customer Financing (financing Receivable Credit Quality Indicators) (details)
Customer Financing (narrative) (details)
Customer Financing (schedule Of Customer Financing Carrying Values Related To Major Aircraft Concentrations) (details)
Customer Financing (schedule Of Customer Financing) (details)
Customer Financing (scheduled Receipts On Customer Financing) (details)
Customer Financing (tables)
Debt
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)
Debt (tables)
Debt Debt (schedule Of Long-term Debt Instruments) (details)
Derivative Financial Instruments
Derivative Financial Instruments (narrative) (details)
Derivative Financial Instruments (schedule Of Derivative Instruments, Gains/(losses) In Statement Of Financial Performance) (details)
Derivative Financial Instruments (schedule Of Notional Amounts And Fair Values Of Derivative Instruments) (details)
Derivative Financial Instruments (tables)
Earnings Per Share
Earnings Per Share (policy)
Earnings Per Share (schedule Of Weighted Average Number Of Shares Outstanding Excluded From The Computation Of Diluted Earnings Per Share) (details)
Earnings Per Share (schedule Of Weighted-average Number Of Shares Outstanding Used To Compute Earnings Per Share) (details)
Earnings Per Share (tables)
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 (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)
Goodwill And Acquired Intangibles (tables)
Income Taxes
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 Income Tax Expense/(benefit)) (details)
Income Taxes (schedule Of Reconciliation Of U.s. Federal Statutory Tax Rate To Our Effective Income Tax Rate) (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)
Income Taxes (tables)
Inventories
Inventories (inventory Disclosure Table) (details)
Inventories (narrative) (details)
Inventories (tables)
Investments
Investments (schedule Of Investments) (details)
Investments (schedule Of Ownership Percentages And Balances Of Equity Method Investments) (details)
Investments (tables)
Legal Proceedings
Liabilities, Commitments And Contingencies
Liabilities, Commitments And Contingencies (narrative) (details)
Liabilities, Commitments And Contingencies (schedule Of Accrued Liabilities) (details)
Liabilities, Commitments And Contingencies (schedule Of Environmental Remediation Activity) (details)
Liabilities, Commitments And Contingencies (schedule Of Estimated Potential Funding Dates For Financing Commitments) (details)
Liabilities, Commitments And Contingencies (schedule Of Product Warranty Activity) (details)
Liabilities, Commitments And Contingencies (tables)
Liabilities, Commitments And Contingencies Environmental Remediation (policies)
Other Assets
Other Assets (details)
Postretirement Plans
Postretirement Plans (components Of Net Periodic Benefit Cost) (details)
Postretirement Plans (narrative) (details)
Postretirement Plans (reconciliation Of Level 3 Assets Held) (details)
Postretirement Plans (schedule Of Actual Allocations For The 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) (details)
Postretirement Plans (schedule Of Changes In The Benefit Obligation, Plan Assets And Funded Status Of Both Pensions And Opb) (details)
Postretirement Plans (schedule Of Estimated Amount That Will Be Amortized From Accumulated Other Comprehensive Loss Into Net Periodic Benefit Cost) (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)
Postretirement Plans (schedule Of One-percentage-point Change In Assumed Health Care Cost Trend Rates) (details)
Postretirement Plans (tables)
Property, Plant And Equipment
Property, Plant And Equipment (narrative) (details)
Property, Plant And Equipment (payments Due Under Operating And Capital Leases Net Of Sublease Amounts And Non-cancellable Future Rentals) (details)
Property, Plant And Equipment (schedule Of Property, Plant And Equipment) (details)
Property, Plant And Equipment (tables)
Quarterly Financial Data
Quarterly Financial Data (narrative) (details)
Quarterly Financial Data (schedule Of Quarterly Financial Data) (details)
Quarterly Financial Data (tables)
Segment Information
Segment Information (narrative) (details)
Segment Information (reconciliation Of Assets From Segment To Consolidated) (details)
Segment Information (schedule Of Capital Expenditures By Segment) (details)
Segment Information (schedule Of Depreciation And Amortization Expense By Segment) (details)
Segment Information (schedule Of Intersegment Revenues, Eliminated In Unallocated Items And Eliminations) (details)
Segment Information (schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area) (details)
Segment Information (schedule Of Unallocated Items And Eliminations) (details)
Segment Information (tables)
Share-based Compensation And Other Compensation Arrangements
Share-based Compensation And Other Compensation Arrangements (narrative) (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 Option Activity) (details)
Share-based Compensation And Other Compensation Arrangements (schedule Of Stock Unit Activity) (details)
Share-based Compensation And Other Compensation Arrangements (tables)
Share-based Compensation And Other Compensation Arrangements Schedule Of Pbrsus Grant Fair Values (details)
Shareholders' Equity
Shareholders' Equity (accumulated Other Comprehensive Income) (details)
Shareholders' Equity (narrative) (details)
Shareholders' Equity (schedule Of Changes In Each Class Of Shares) (details)
Shareholders' Equity (tables)
Significant Group Concentrations Of Risk
Significant Group Concentrations Of Risk (details)
Summary Of Business Segment Data (details)
Summary Of Business Segment Data (notes)
Summary Of Business Segment Data (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (schedule Of Asc 606 Adoption) (details)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (tables)
Ticker: BA
CIK: 12927
Form Type: 10-K Annual Report
Accession Number: 0000012927-18-000007
Submitted to the SEC: Mon Feb 12 2018 2:31:00 PM EST
Accepted by the SEC: Mon Feb 12 2018
Period: Sunday, December 31, 2017
Industry: Aircraft

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