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June 2022
April 2022
April 2022
March 2022
January 2022
October 2021
October 2021
September 2021
July 2021
July 2021
▪ |
Continue to engage global regulators and customers on safe return to service of the 737
MAX |
▪ |
Revenue of $20.0
billion reflecting lower 737 deliveries and higher defense and services volume |
▪ |
GAAP EPS of $2.05 and core EPS (non-GAAP)* of
$1.45 per share |
▪ |
Operating cash flow of ($2.4) billion; paid
$1.2 billion of dividends |
▪ |
Total backlog of
$470 billion, including nearly 5,500 commercial airplanes |
▪ |
Cash and marketable securities of $10.9 billion provide strong liquidity |
Table 1. Summary Financial Results |
Third Quarter |
Nine Months |
||||||||||||||||||
(Dollars in Millions, except per share data) |
2019 |
2018 |
Change |
2019 |
2018 |
Change | ||||||||||||||
Revenues |
$19,980 |
$25,146 |
(21)%
|
$58,648 |
$72,786 |
(19)% | ||||||||||||||
GAAP |
||||||||||||||||||||
Earnings From
Operations |
$1,259 |
$2,227 |
(43)% |
$229 |
$7,812 |
(97)%
| ||||||||||||||
Operating Margin |
6.3
|
% |
8.9
|
% |
(2.6)
Pts |
0.4
|
% |
10.7
|
% |
(10.3) Pts | ||||||||||
Net
Earnings |
$1,167 |
$2,363 |
(51)% |
$374 |
$7,036 |
(95)%
| ||||||||||||||
Earnings Per Share |
$2.05 |
$4.07 |
(50)%
|
$0.66 |
$11.95 |
(94)% | ||||||||||||||
Operating
Cash Flow |
($2,424 |
) |
$4,559 |
NM |
($226 |
) |
$12,375 |
NM
| ||||||||||||
Non-GAAP* |
||||||||||||||||||||
Core
Operating Earnings/(Loss) |
$895 |
$1,890 |
(53)% |
($864 |
) |
$6,793 |
NM
| |||||||||||||
Core Operating Margin |
4.5
|
% |
7.5
|
% |
(3.0)
Pts |
(1.5
|
)% |
9.3
|
% |
(10.8) Pts | ||||||||||
Core Earnings/(Loss) Per Share |
$1.45 |
$3.58 |
(59)%
|
($1.13 |
) |
$10.55 |
NM |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Boeing Co.
Boeing Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:
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As technical or quality issues arise during development, we may experience schedule delays and cost impacts, which could increase our estimated cost to perform the work or reduce our estimated price, either of which could result in a material charge or otherwise adversely affect our financial condition.
These programs are ongoing, and while we believe the cost and fee estimates incorporated in the financial statements are appropriate, the technical complexity of these programs creates financial risk as additional completion costs may become necessary or scheduled delivery dates could be extended, which could trigger termination provisions, the loss of satellite in-orbit incentive payments, or other financially significant exposure.
BGS earnings from operations increased by $125 million primarily due to higher revenues and improved performance and mix.
BGS earnings from operations for the three months ended September 30, 2019 increased by $125 million primarily due to higher revenues and improved performance and mix.
Cash used by Inventory was $9.6 billion during the nine months ended September 30, 2019, primarily due to the suspension of 737 MAX deliveries, which resulted in higher commercial airplane program inventory as we continue to produce 737 MAX aircraft at a rate of 42 per month.
The favorable impact of cumulative...Read more
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Factors that could result in...Read more
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Total backlog increased from $61,277...Read more
BGS earnings from operations for...Read more
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During 2018, we recorded additional...Read more
38 Table of Contents Unallocated...Read more
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BCC's revenues for the nine...Read more
Global Services (BGS) revenues increased...Read more
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The benefits in 2019 reflect...Read more
53 Table of Contents The...Read more
See page 53 for important...Read more
If the timing and conditions...Read more
At September 30, 2019, the...Read more
BGS revenues increased by $557...Read more
48 Table of Contents BGS...Read more
BDS earnings from operations increased...Read more
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40 Table of Contents Research...Read more
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Financial Statements, Disclosures and Schedules
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Material Contracts, Statements, Certifications & more
Boeing Co provided additional information to their SEC Filing as exhibits
Ticker: BA
CIK: 12927
Form Type: 10-Q Quarterly Report
Accession Number: 0000012927-19-000077
Submitted to the SEC: Wed Oct 23 2019 8:44:54 AM EST
Accepted by the SEC: Wed Oct 23 2019
Period: Monday, September 30, 2019
Industry: Aircraft