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BOEING CO (BA)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Commercial Airplanes  25,867.019,493.016,162.032,255.057,499.054,612.059,378.059,399.0
    Defense, Space & Security  23,162.026,540.026,257.026,095.026,300.023,938.020,180.023,708.0
    Global Services  17,611.016,328.015,543.018,468.017,056.014,611.013,819.013,293.0
    Eliminations     546.0201.0245.02,034.01,810.0
    Other    196.0 71.0599.0  
Total revenues   [+]66,608.062,286.058,158.076,559.0101,127.094,005.093,496.096,114.0
            Revenue growth   [+]6.9%7.1%-24.0%-24.3%7.6%0.5%-2.7%5.9%
Cost of goods sold   [+]63,106.059,269.063,843.072,093.081,490.076,612.079,026.082,088.0
Gross profit  3,502.03,017.0-5,685.04,466.019,637.017,393.014,470.014,026.0
            Gross margin  5.3%4.8%-9.8%5.8%19.4%18.5%15.5%14.6%
Selling, general and administrative   [+]4,187.04,157.04,817.03,909.04,567.04,095.03,613.03,525.0
Research and development  2,852.02,249.02,476.03,219.03,269.03,179.04,626.03,331.0
Equity in earnings         274.0
EBITDA   [+]-1,568.0-758.0-10,521.0296.014,101.012,391.08,416.09,276.0
            EBITDA margin  -2.4%-1.2%-18.1%0.4%13.9%13.2%9.0%9.7%
Depreciation  1,738.01,860.02,246.02,271.02,114.02,047.01,889.01,833.0
EBITA  -3,306.0-2,618.0-12,767.0-1,975.011,987.010,344.06,527.07,443.0
            EBITA margin  -5.0%-4.2%-22.0%-2.6%11.9%11.0%7.0%7.7%
Amortization of intangibles  241.0284.0      
EBIT   [+]-3,547.0-2,902.0-12,767.0-1,975.011,987.010,344.06,527.07,443.0
            EBIT margin  -5.3%-4.7%-22.0%-2.6%11.9%11.0%7.0%7.7%
Interest expense  28.032.043.062.069.070.0306.0275.0
Other income (expense), net   [+]-1,447.0-2,099.0-1,666.0-222.0-314.0-167.0-438.0-13.0
Pre-tax income  -5,022.0-5,033.0-14,476.0-2,259.011,604.010,107.05,783.07,155.0
Income taxes  31.0-743.0-2,535.0-1,623.01,144.01,649.0749.01,979.0
            Tax rate   14.8%17.5%71.8%9.9%16.3%13.0%27.7%
Minority interest  -118.0-88.0-68.0     
Net income  -4,935.0-4,202.0-11,873.0-636.010,460.08,458.05,034.05,176.0
            Net margin  -7.4%-6.7%-20.4%-0.8%10.3%9.0%5.4%5.4%
   
Basic EPS   [+]($8.30)($7.15)($20.88)($1.12)$18.06$14.04$7.91$7.52
Diluted EPS   [+]($8.30)($7.15)($20.88)($1.12)$17.87$13.87$7.83$7.45
   
Dividends per share   [+]  $2.04$8.22$7.19$5.97$4.69$3.82
   
Shares outstanding (basic)   [+]594.9587.6568.6565.4579.2602.5636.5688.0
Shares outstanding (diluted)   [+]594.9587.6568.6565.4585.5610.0642.8695.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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