BA FY 2010 Earnings Report — The Boeing Company Revenue & Financial Results | Market Cap Arena

The Boeing CompanyBA

FY 2010 Earnings

Reported February 9, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$64.3B	—	$68.3B	—	-5.8%
Op. Income	$4.7B	—	$1.9B	—	151.1%
Gross Margin	19.4%	—	17.2%	—	2.2pp
Net Margin	5.1%	—	2.0%	—	3.2pp
EPS (Diluted)	$4.45	—	$1.84	—	141.8%
Free Cash Flow	$1.8B	—	$4.4B	—	-58.7%

Revenue Flow

Item	Amount
REVENUE	$64.3B
Cost of Revenue	$51.8B
GROSS PROFIT	$12.5B
R&D Expenses	$4.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.6B
Other Expenses	$0
Operating Expenses	$7.8B
Cost & Expenses	$59.6B
OPERATING INCOME	$4.7B
Interest Income	$0
Interest Expense	$516M
Other Income/Expenses	-$191M
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$1.7B
EBIT	$5.0B
EBITDA	$6.8B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$64.3B
Cost of Revenue	$51.8B
GROSS PROFIT	$12.5B
R&D Expenses	$4.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.6B
Other Expenses	$0
Operating Expenses	$7.8B
Cost & Expenses	$59.6B
OPERATING INCOME	$4.7B
Interest Income	$0
Interest Expense	$516M
Other Income/Expenses	-$191M
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$1.7B
EBIT	$5.0B
EBITDA	$6.8B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$215M
Deferred Income Tax	$174M
Other Non-Cash Items	$563M
Change in Working Capital	-$3.0B
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$932M
Purchases of Investments	-$15.5B
Sales/Maturities of Investments	$12.6B
Other Investing Activities	$145M
NET CASH FROM INVESTING	-$4.8B
Net Debt Issuance	-$648M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.3B
Other Financing Activities	-$148M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$1.8B
Net Change in Cash	-$3.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.4B
Short-Term Investments	$5.2B
Net Receivables	$5.4B
Inventory	$24.3B
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$40.6B
PP&E (Net)	$8.9B
Goodwill	$4.9B
Intangible Assets	$3.0B
Long-Term Investments	$1.1B
Tax Assets	$4.0B
Other Non-Current Assets	$6.0B
TOTAL NON-CURRENT ASSETS	$28.0B
TOTAL ASSETS	$68.6B
Account Payables	$7.7B
Short-Term Debt	$948M
Deferred Revenue	$607M
Other Current Liabilities	$8.6B
TOTAL CURRENT LIABILITIES	$35.4B
Long-Term Debt	$11.5B
Deferred Revenue NC	$17.8B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$30.3B
TOTAL LIABILITIES	$65.7B
Common Stock	$5.1B
Additional Paid-In Capital	$3.9B
Retained Earnings	$24.8B
Treasury Stock	-$17.2B
Accum. Other Comp. Income	-$13.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$96M
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$68.6B
Total Debt	$12.4B
Net Debt	$7.1B