BA FY 2008 Earnings Report — The Boeing Company Revenue & Financial Results | Market Cap Arena

The Boeing CompanyBA

FY 2008 Earnings

Reported February 9, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$60.9B	—	$66.4B	—	-8.3%
Op. Income	$3.7B	—	$5.6B	—	-34.2%
Gross Margin	17.3%	—	19.5%	—	-2.2pp
Net Margin	4.4%	—	6.1%	—	-1.8pp
EPS (Diluted)	$3.67	—	$5.28	—	-30.5%
Free Cash Flow	-$2.3B	—	$7.9B	—	-128.7%

Revenue Flow

Item	Amount
REVENUE	$60.9B
Cost of Revenue	$50.4B
GROSS PROFIT	$10.5B
R&D Expenses	$3.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.1B
Other Expenses	$0
Operating Expenses	$6.9B
Cost & Expenses	$57.2B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$202M
Other Income/Expenses	$324M
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$18M
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$1.5B
EBIT	$4.2B
EBITDA	$5.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$60.9B
Cost of Revenue	$50.4B
GROSS PROFIT	$10.5B
R&D Expenses	$3.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.1B
Other Expenses	$0
Operating Expenses	$6.9B
Cost & Expenses	$57.2B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$202M
Other Income/Expenses	$324M
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$18M
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$1.5B
EBIT	$4.2B
EBITDA	$5.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$209M
Deferred Income Tax	-$2.7B
Other Non-Cash Items	$2.9B
Change in Working Capital	-$4.9B
OPERATING CASH FLOW	-$401M
Capital Expenditure	-$1.9B
Acquisitions (Net)	-$964M
Purchases of Investments	-$6.7B
Sales/Maturities of Investments	$11.3B
Other Investing Activities	$34M
NET CASH FROM INVESTING	$1.9B
Net Debt Issuance	-$725M
Common Stock Repurchased	-$2.9B
Common Dividends Paid	-$1.2B
Other Financing Activities	-$348M
NET CASH FROM FINANCING	-$5.2B
FREE CASH FLOW	-$2.3B
Net Change in Cash	-$3.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$11M
Net Receivables	$5.6B
Inventory	$15.6B
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$26.0B
PP&E (Net)	$8.8B
Goodwill	$3.6B
Intangible Assets	$2.7B
Long-Term Investments	$1.3B
Tax Assets	$4.1B
Other Non-Current Assets	$7.3B
TOTAL NON-CURRENT ASSETS	$27.8B
TOTAL ASSETS	$53.8B
Account Payables	$5.9B
Short-Term Debt	$560M
Deferred Revenue	$41M
Other Current Liabilities	$7.2B
TOTAL CURRENT LIABILITIES	$30.9B
Long-Term Debt	$7.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17.2B
TOTAL NON-CURRENT LIABILITIES	$24.1B
TOTAL LIABILITIES	$55.1B
Common Stock	$5.1B
Additional Paid-In Capital	$3.5B
Retained Earnings	$22.7B
Treasury Stock	-$17.8B
Accum. Other Comp. Income	-$13.5B
Other Equity	-$1.2B
TOTAL STOCKHOLDERS' EQUITY	-$1.3B
Minority Interest	$0
TOTAL EQUITY	-$1.3B
TOTAL LIABILITIES & EQUITY	$53.8B
Total Debt	$7.5B
Net Debt	$4.2B