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Boeing Co (BA) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Boeing Co

CIK: 12927 Ticker: BA

Exhibit 99.1

 

 

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   News Release

 

  

Boeing Corporate Offices

100 North Riverside Plaza

Chicago, IL 60606-1596

www.boeing.com

Boeing Reports Strong Fourth-Quarter Results and Provides 2012 Guidance

Fourth-Quarter 2011

 

   

Earnings per share rose to $1.84, driven by strong core performance

 

   

EPS includes favorable tax settlement of $0.52 compared with $0.50 in 2010

 

   

Revenue rose to $19.6 billion on increased commercial airplane deliveries

Full Year 2011

 

   

Earnings per share increased 20 percent to $5.34 on record revenue of $68.7 billion

 

   

Operating cash flow increased 36 percent to $4.0 billion

 

   

Backlog grew to a record $356 billion including $103 billion of orders during the year

Outlook for 2012

 

   

EPS guidance of between $4.05 and $4.25 reflects strong operating performance offset by $0.83 of higher pension expense

 

   

Revenue guidance established at between $78 and $80 billion

 

   

Operating cash flow guidance set at greater than $5.0 billion includes $1.5 billion of discretionary pension contributions

Table 1. Summary Financial Results

 

     Fourth Quarter            Full Year        

(Dollars in Millions, except per share data)

   2011     2010     Change      2011     2010     Change  

Revenues

   $ 19,555      $ 16,550        18%        $ 68,735      $ 64,306        7%    

Earnings From Operations

   $ 1,597      $ 1,103        45%        $ 5,844      $ 4,971        18%    

Operating Margin

     8.2     6.7     1.5 Pts         8.5     7.7     0.8 Pts   

Net Income

   $ 1,393      $ 1,164        20%        $ 4,018      $ 3,307        21%    

Earnings per Share

   $ 1.84      $ 1.56        18%        $ 5.34      $ 4.45        20%    

Operating Cash Flow

   $ 2,931      $ 1,116        NM       $ 4,023      $ 2,952        36%    

CHICAGO, Jan. 25, 2012 – The Boeing Company [NYSE: BA] reported fourth-quarter net income rose to $1.4 billion, or $1.84 per share, on revenue of $19.6 billion. The results reflect continued strong core performance across the company’s businesses, a $0.52 per share impact related to a favorable tax settlement, and higher pension expense (Table 1). Fourth-quarter 2010 results included a $0.50 per share favorable tax settlement.

 

1


The following information was filed by Boeing Co (BA) on Wednesday, January 25, 2012 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Consolidated Statements Of Financial Position
Consolidated Statements Of Financial Position (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (parenthetical)
Accounts Receivable
Accounts Receivable (narrative) (details)
Accounts Receivable (schedule Of Accounts Receivable Under Long-term Contracts) (details)
Accounts Receivable (schedule Of Accounts Receivable) (details)
Accounts Receivable (tables)
Acquisitions
Acquisitions (schedule Of Final Allocation Of Purchase Price) (details)
Acquisitions (tables)
Arrangements With Off-balance Sheet Risk
Arrangements With Off-balance Sheet Risk (narrative) (details)
Arrangements With Off-balance Sheet Risk (quantitative Data Regarding Our Third-party Guarantees) (details)
Arrangements With Off-balance Sheet Risk (tables)
Customer Financing
Customer Financing (change In The Allowance For Losses On Financing Receivables) (details)
Customer Financing (charges Related To Customer Financing Asset Impairment) (details)
Customer Financing (components Of Investment In Sales-type/finance Leases) (details)
Customer Financing (credit Risk Profile By Internally Assigned Ratings) (details)
Customer Financing (customer Financing Carrying Values Related To Major Aircraft Concentrations) (details)
Customer Financing (financing Receivable Balances Evaluated For Impairment) (details)
Customer Financing (narrative) (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)
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)
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 (assets And Liabilities That Are Measured At Fair Value On A Recurring Basis) (details)
Fair Value Measurements (assets Measured On Nonrecurring Basis, Unobservable Inputs, Description And Development) (details)
Fair Value Measurements (fair Values And Related Carrying Values Of Financial Instruments That Are Not Required To Be Remeasured At Fair Value) (details)
Fair Value Measurements (tables)
Goodwill And Acquired Intangibles
Goodwill And Acquired Intangibles (narrative) (details)
Goodwill And Acquired Intangibles (schedule Of Goodwill By Reportable Segment) (details)
Goodwill And Acquired Intangibles (schedule Of Gross Carrying Amounts And Accumulated Amortization Of Acquired Finite-lived Intangible Assets) (details)
Goodwill And Acquired Intangibles (tables)
Income Taxes
Income Taxes (components Of Earnings Before Income Taxes) (details)
Income Taxes (narrative) (details)
Income Taxes (schedule Of Income Tax Expense/(benefit)) (details)
Income Taxes (schedule Of Net Deferred Tax Assets) (details)
Income Taxes (schedule Of Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits) (details)
Income Taxes (schedule Of Reconciliation Of U.s. Federal Statutory Tax Rate To Our Effective Income Tax Rate) (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)
Legal Proceedings
Legal Proceedings (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 Matter 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)
Other Assets
Other Assets (details)
Postretirement Plans
Postretirement Plans (components Of Net Periodic Benefit Cost) (details)
Postretirement Plans (narrative) (details)
Postretirement Plans (reconciliation Of Level 3 Assets Held) (details)
Postretirement Plans (schedule Of Actual Allocations For The Pension Assets And Target Allocations By Asset Class) (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 Amount That Will Be Amortized From Accumulated Other Comprehensive Loss Into Net Periodic Benefit Cost) (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 One-percentage-point Change In Assumed Health Care Cost Trend Rates) (details)
Postretirement Plans (schedule Of Plan Assets Using The Fair Value Hierarchy) (details)
Postretirement Plans (tables)
Property, Plant And Equipment
Property, Plant And Equipment (narrative) (details)
Property, Plant And Equipment (payments Due Under Operating And Capital Leases Net Of Sublease Amounts And Non-cancellable Future Rentals) (details)
Property, Plant And Equipment (schedule Of Property, Plant And Equipment) (details)
Property, Plant And Equipment (tables)
Quarterly Financial Data
Quarterly Financial Data (narrative) (details)
Quarterly Financial Data (schedule Of Quarterly Financial Data) (details)
Quarterly Financial Data (tables)
Segment Information
Segment Information (narrative) (details)
Segment Information (schedule Of Assets By Segment) (details)
Segment Information (schedule Of Capital Expenditures By Segment) (details)
Segment Information (schedule Of Depreciation And Amortization By Segment) (details)
Segment Information (schedule Of Intersegment Revenues, Eliminated In Unallocated Items And Eliminations) (details)
Segment Information (schedule Of Liabilities By Segment) (details)
Segment Information (schedule Of Research And Development By Segment) (details)
Segment Information (schedule Of Revenues By Geographic Area) (details)
Segment Information (schedule Of Significant Items Not Allocated To Segments) (details)
Segment Information (tables)
Share-based Compensation And Other Compensation Arrangements
Share-based Compensation And Other Compensation Arrangements (fair Values Of Options Were Estimated Using The Black-scholes Option-pricing Model) (details)
Share-based Compensation And Other Compensation Arrangements (narrative) (details)
Share-based Compensation And Other Compensation Arrangements (schedule Of Share-based Plans Expense And Related Income Tax Benefit) (details)
Share-based Compensation And Other Compensation Arrangements (schedule Of Stock Option Activity) (details)
Share-based Compensation And Other Compensation Arrangements (schedule Of Stock Unit Activity) (details)
Share-based Compensation And Other Compensation Arrangements (tables)
Shareholders' Equity
Shareholders' Equity (components Of Accumulated Other Comprehensive Loss) (details)
Shareholders' Equity (narrative) (details)
Shareholders' Equity (schedule Of Changes In Each Class Of Shares) (details)
Shareholders' Equity (tables)
Significant Group Concentrations Of Risk
Significant Group Concentrations Of Risk (details)
Summary Of Business Segment Data
Summary Of Business Segment Data (details)
Summary Of Business Segment Data (parenthetical) (details)
Summary Of Business Segment Data (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policy)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (schedule Of Allowance For Customer Financing And Other Assets) (details)
Ticker: BA
CIK: 12927
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-048565
Submitted to the SEC: Thu Feb 09 2012 12:37:00 PM EST
Accepted by the SEC: Thu Feb 09 2012
Period: Saturday, December 31, 2011
Industry: Aircraft

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