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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