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Boeing Co (BA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

Boeing Co

CIK: 12927 Ticker: BA
Exhibit 99.1
pressreleaseheader.jpg
Boeing Reports Fourth-Quarter Results
Fourth Quarter 2021
Continued global return to service of 737 MAX, including progress in China
Revenue of $14.8 billion; operating cash flow of $0.7 billion
787 program recorded $3.5 billion pre-tax non-cash charge; focused on actions required to resume deliveries
GAAP loss per share of ($7.02) and core (non-GAAP)* loss per share of ($7.69)
Full-Year 2021
Revenue of $62.3 billion; operating cash flow of ($3.4) billion; cash and marketable securities of $16.2 billion
GAAP loss per share of ($7.15) and core (non-GAAP)* loss per share of ($9.44)
Total backlog of $377 billion and added 535 net commercial orders
Focused on safety, quality and operational stability
Table 1. Summary Financial Results
Fourth QuarterFull Year
(Dollars in Millions, except per share data)20212020Change20212020Change
Revenues$14,793 $15,304 (3)%$62,286 $58,158 7%
GAAP
Loss From Operations($4,171)($8,049)NM($2,902)($12,767)NM
Operating Margin(28.2)%(52.6)%NM(4.7)%(22.0)%NM
Net Loss($4,164)($8,439)NM($4,290)($11,941)NM
Loss Per Share($7.02)($14.65)NM($7.15)($20.88)NM
Operating Cash Flow$716 ($4,009)NM($3,416)($18,410)NM
Non-GAAP*
Core Operating Loss($4,536)($8,377)NM($4,075)($14,150)NM
Core Operating Margin(30.7)%(54.7)%NM(6.5)%(24.3)%NM
Core Loss Per Share($7.69)($15.25)NM($9.44)($23.25)NM
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures."    
    CHICAGO, January 26, 2022
– The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $14.8 billion, reflecting higher commercial volume and lower defense revenue. GAAP loss per share of ($7.02) and core loss per share (non-GAAP)* of ($7.69) reflect lower charges and higher commercial volume (Table 1). Boeing recorded operating cash flow of $0.7 billion.
    “2021 was a rebuilding year for us as we overcame hurdles and reached key milestones across our commercial, defense and services portfolios. We increased 737 MAX production and deliveries, and safely returned the 737 MAX to service in nearly all global markets. As the commercial market recovery gained traction, we also generated robust commercial orders, including record freighter sales. Demonstrating progress in our overall recovery, we also returned to generating positive cash flow in the fourth quarter,” said David Calhoun, Boeing President and Chief Executive Officer. “On the 787 program, we’re progressing through a comprehensive effort to ensure every airplane in our production system conforms to our exacting specifications. While this continues to impact our near-term results, it is the right approach to building stability and predictability as demand returns for the long term. Across the enterprise, we remain focused on safety and quality as we deliver for our customers and invest in our people and in our sustainable future.”
1

The following information was filed by Boeing Co (BA) on Wednesday, January 26, 2022 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
Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Financial Position
Consolidated Statements Of Operations
Accounting Policies (Tables)
Accounts Receivable
Accounts Receivable (Schedule Of Accounts Receivable) (Details)
Accounts Receivable (Tables)
Allowance For Losses On Financial Assets
Allowance For Losses On Financial Assets (Tables)
Allowance For Losses On Financial Assets Allowance For Losses On Financial Assets (Allowance Disclosure) (Details)
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)
Commitment And Contingencies (Schedule Of Severance Activity) (Details)
Contracts With Customers Contracts With Customers
Contracts With Customers Contracts With Customers (Narrative) (Details)
Contracts With Customers Contracts With Customers (Schedule Of Unbilled Receivables And Claims) (Details)
Contracts With Customers Contracts With Customers (Tables)
Customer Financing
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 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)
Derivative Financial Instruments Derivative Financial Instruments (Schedule Of Gains/(Losses) Reclassified From Aoci To Earnings) (Details)
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)
Leases
Leases, Codification Topic 842 (Narrative) (Details)
Leases, Codification Topic 842 (Tables)
Legal Proceedings
Legal Proceedings Legal Proceedings (Narrative) (Details)
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 (Schedule Of 737 Max Liability) (Details) (Details)
Postretirement Plans
Postretirement Plans (Components Of Net Periodic Benefit Cost) (Details)
Postretirement Plans (Narrative) (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 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 Reconciliation Of Level 3 Assets Held) (Details)
Postretirement Plans (Tables)
Property, Plant And Equipment
Property, Plant And Equipment (Narrative) (Details)
Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details)
Property, Plant And Equipment (Tables)
Schedule Of Maturities Of Operating Liabilities (Details)
Schedule Of Supplemental Balance Sheet Information Related To Operating Leases (Details)
Segment And Revenue Information
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 Revenue From External Customers Attributed To Foreign Countries By Geographic Area) (Details)
Segment And Revenue Information (Schedule Of Unallocated Items And Eliminations) (Details)
Segment And Revenue Information (Tables)
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)
Share-Based Compensation And Other Compensation Arrangements (Schedule Of Restricted Stock Unit Award Activity) (Details)3
Share-Based Compensation And Other Compensation Arrangements (Schedule Of Share-Based Plans Expense And Related Income Tax Benefit) (Details)1
Share-Based Compensation And Other Compensation Arrangements (Schedule Of Stock Option Activity) (Details)2
Share-Based Compensation And Other Compensation Arrangements (Schedule Of Stock Unit Activity) (Details)5
Share-Based Compensation And Other Compensation Arrangements (Tables)
Share-Based Compensation And Other Compensation Arrangements Schedule Of Pbrsus Grant Fair Values (Details)4
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)
Summary Of Business Segment Data
Summary Of Business Segment Data (Details)
Summary Of Business Segment Data (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Policy)
Ticker: BA
CIK: 12927
Form Type: 10-K Annual Report
Accession Number: 0000012927-22-000010
Submitted to the SEC: Mon Jan 31 2022 10:33:32 AM EST
Accepted by the SEC: Mon Jan 31 2022
Period: Friday, December 31, 2021
Industry: Aircraft

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