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Boeing Co (BA) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Boeing Co

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CIK: 12927 Ticker: BA
Exhibit 99.1
pressreleaseheadera.jpg
Boeing Reports Third-Quarter Results
▪Continued progress on global safe return to service of 737 MAX and focus on operational stability
▪Revenue of $15.3 billion, GAAP loss per share of ($0.19) and core (non-GAAP)* loss per share of ($0.60)
▪Operating cash flow of ($0.3) billion; cash and marketable securities of $20.0 billion
▪Commercial Airplanes backlog of $290 billion and added 93 net orders
Table 1. Summary Financial Results
Third QuarterNine Months
(Dollars in Millions, except per share data)20212020Change20212020Change
Revenues$15,278 $14,139 8%$47,493 $42,854 11%
GAAP
Earnings/(Loss) From Operations$329 ($401)NM$1,269 ($4,718)NM
Operating Margin2.2 %(2.8)%NM2.7 %(11.0)%NM
Net Loss($132)($466)NM($126)($3,502)NM
Loss Per Share($0.19)($0.79)NM($0.10)($6.10)NM
Operating Cash Flow($262)($4,819)NM($4,132)($14,401)NM
Non-GAAP*
Core Operating Earnings/(Loss)$59 ($754)NM$461 ($5,773)NM
Core Operating Margin0.4 %(5.3)%NM1.0 %(13.5)%NM
Core Loss Per Share($0.60)($1.39)NM($1.72)($7.88)NM
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures."    
    CHICAGO, October 27, 2021
 – The Boeing Company [NYSE: BA] reported third-quarter revenue of $15.3 billion, driven by higher commercial airplanes and services volume. GAAP loss per share of ($0.19) and core loss per share (non-GAAP)* of ($0.60) primarily reflects higher commercial volume (Table 1). Boeing recorded operating cash flow of ($0.3) billion.
    “We are driving stability across our operations, investing in our future and positioning our teams to deliver for our customers as the market recovers,” said Boeing President and Chief Executive Officer David Calhoun. “Commercial market demand continues to gain traction with broad-based vaccine distribution and border protocols beginning to open. Going forward, supply chain capacity and global trade will be key drivers of our industry and the broader economy's recovery. Our portfolio across commercial, defense, space and services is well positioned, and we’re focused on improving performance, while advancing technologies and digital manufacturing capabilities to drive our next generation of products and a sustainable future.”





1
The following information was filed by Boeing Co (BA) on Wednesday, October 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Statement Of Cash Flows Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Equity
Condensed Consolidated Statements Of Financial Position
Condensed Consolidated Statements Of Operations
Allowance For Losses On Financial Assets Allowance For Losses On Financial Assets
Allowance For Losses On Financial Assets Allowance For Losses On Financial Assets (Allowance Disclosure) (Details)
Allowance For Losses On Financial Assets Allowance For Losses On Financial Assets (Tables)
Arrangements With Off-Balance Sheet Risk
Arrangements With Off-Balance Sheet Risk (Tables)
Arrangements With Off-Balance Sheet Risk (Third Party Guarantees) (Details)
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policy)
Basis Of Presentation (Tables)
Commitment And Contingencies (Severance) (Details)
Commitments And Contingencies
Commitments And Contingencies (Environmental) (Details)
Commitments And Contingencies (Financing Commitments) (Details)
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Product Warranties) (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies Commitments And Contingencies (Policies)
Commitments And Contingencies Commitments And Contingencies (Schedule Of 737 Max Liability) (Details)
Contracts With Customers Contracts With Customers
Contracts With Customers Contracts With Customers (Narrative) (Details)
Customer Financing
Customer Financing (Carrying Values Related To Major Aircraft Concentrations) (Details)
Customer Financing (Financing Receivable Credit Quality Indicators) (Details)
Customer Financing (Narrative) (Details)
Customer Financing (Policies)
Customer Financing (Schedule Of Customer Financing) (Details)
Customer Financing (Tables)
Debt
Debt Narrative (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Narrative) (Details)
Derivative Financial Instruments (Schedule Of Derivative Instruments, Gains/(Losses)) (Details)
Derivative Financial Instruments (Schedule Of Derivative Instruments, Notional Amounts And Fair Values) (Details)
Derivative Financial Instruments (Tables)
Derivative Financial Instruments Derivative Financial Instruments (Schedule Of Gains/(Losses) Reclassified From Aoci To Earnings) (Details)
Earnings Per Share
Earnings Per Share (Policies)
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)
Income Taxes
Income Taxes (Details)
Income Taxes (Details)
Inventories
Inventories (Inventory Disclosure Table) (Details)
Inventories (Narrative) (Details)
Inventories (Tables)
Investments
Investments (Schedule Of Investments) (Details)
Investments (Tables)
Legal Proceedings
Legal Proceedings Legal Proceedings (Narrative) (Details)
Postretirement Plans
Postretirement Plans (Net Periodic Benefit Cost Tables) (Details)
Postretirement Plans (Tables)
Reconciliation Of Assets From Segment To Consolidated (Details)
Schedule Of Unallocated Items And Eliminations (Details)
Segment And Revenue Information
Segment And Revenue Information (Tables)
Segment And Revenue Information Segment And Revenue Information (Narrative) (Details)
Segment And Revenue Information Segment And Revenue Information (Schedule Of Revenue Disaggregation) (Details)
Segment Reporting (Policies)
Share-Based Compensation And Other Compensation Arrangements
Share-Based Compensation And Other Compensation Arrangements (Narrative) (Details)
Shareholders' Equity
Shareholders' Equity (Accumulated Other Comprehensive Income) (Details)
Shareholders' Equity (Tables)
Summary Of Business Segment Data (Details)
Summary Of Business Segment Data Summary Of Business Segment Data (Notes)
Summary Of Business Segment Data Summary Of Business Segment Data (Tables)
Ticker: BA
CIK: 12927
Form Type: 10-Q Quarterly Report
Accession Number: 0000012927-21-000094
Submitted to the SEC: Wed Oct 27 2021 1:33:36 PM EST
Accepted by the SEC: Wed Oct 27 2021
Period: Thursday, September 30, 2021
Industry: Aircraft

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