Exhibit 99.1

 

     News Release
     LOGO     

 

 

 

     

Boeing Corporate Offices

100 North Riverside Plaza

Chicago, IL 60606-1596

www.boeing.com

Boeing Reports Fourth-Quarter 2010 Results and 2011 Guidance

Fourth-Quarter 2010

 

 

Earnings per share of $1.56, including favorable tax settlement, on revenue of $16.6 billion

 

 

Operating cash flow of $1.1 billion reflects strong operating performance

Full Year 2010

 

 

Earnings per share of $4.45 on revenue of $64.3 billion

 

 

Operating cash flow of $3.0 billion and cash and marketable securities of $10.5 billion provide strong liquidity

 

 

Backlog grew to $321 billion including $69 billion of new orders during the year

Outlook

 

 

2011 EPS guidance of between $3.80 and $4.00 reflects solid core performance, higher pension expense and the recently revised 787 schedule

Table 1. Summary Financial Results

 

     Fourth Quarter     Change     Full Year     Change  

(Dollars in Millions, except per share data)

   2010     2009       2010     2009    

Revenues

   $ 16,550      $ 17,937        (8 %)    $ 64,306      $ 68,281        (6 %) 

Earnings From Operations

   $ 1,103      $ 1,693        (35 %)    $ 4,971      $ 2,096        137

Operating Margin

     6.7     9.4     (2.7 )Pts      7.7     3.1     4.6  Pts 

Net Income

   $ 1,164      $ 1,268        (8 %)    $ 3,307      $ 1,312        152

Earnings per Share

   $ 1.56      $ 1.75        (11 %)    $ 4.45      $ 1.84        142

Operating Cash Flow

   $ 1,116      $ 3,212        (65 %)    $ 2,952      $ 5,603        (47 %) 

CHICAGO, Jan. 26, 2011 – The Boeing Company [NYSE: BA] reported fourth-quarter net income of $1.2 billion, or $1.56 per share, on revenue of $16.6 billion. The results reflect solid performance across the company’s core programs, a favorable tax settlement (+$0.50 per share), and a special one-time contribution to Boeing’s charitable trust (-$0.05 per share) (Table 1).

Net income for the full year was $3.3 billion, or $4.45 per share, on revenue of $64.3 billion, which included the $0.45 per share net impact of the favorable tax settlement and the charitable trust contribution. First-quarter 2010 included a $0.20 per share tax charge on health care legislation. Earnings per share for 2009 of $1.84 included a combined $3.58 per share impact due to the 787 R&D reclassification and 747 charges.

 

1


The following information was filed by Boeing Co (BA) on Wednesday, January 26, 2011 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.

View differences made from one year to another to evaluate Boeing Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Boeing Co.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account