BA FY 2014 Earnings Report — The Boeing Company Revenue & Financial Results | Market Cap Arena

The Boeing CompanyBA

FY 2014 Earnings

Reported February 12, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$90.8B	—	$86.6B	—	4.8%
Op. Income	$7.2B	—	$6.3B	—	13.7%
Gross Margin	15.4%	—	15.4%	—	0.0pp
Net Margin	6.0%	—	5.3%	—	0.7pp
EPS (Diluted)	$7.38	—	$5.96	—	23.8%
Free Cash Flow	$6.6B	—	$5.9B	—	11.5%

Revenue Flow

Item	Amount
REVENUE	$90.8B
Cost of Revenue	$76.8B
GROSS PROFIT	$14.0B
R&D Expenses	$3.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.8B
Other Expenses	$0
Operating Expenses	$6.8B
Cost & Expenses	$83.6B
OPERATING INCOME	$7.2B
Interest Income	$0
Interest Expense	$333M
Other Income/Expenses	-$59M
INCOME BEFORE TAX	$7.1B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$5.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.4B
D&A	$1.9B
EBIT	$7.5B
EBITDA	$9.4B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$90.8B
Cost of Revenue	$76.8B
GROSS PROFIT	$14.0B
R&D Expenses	$3.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.8B
Other Expenses	$0
Operating Expenses	$6.8B
Cost & Expenses	$83.6B
OPERATING INCOME	$7.2B
Interest Income	$0
Interest Expense	$333M
Other Income/Expenses	-$59M
INCOME BEFORE TAX	$7.1B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$5.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.4B
D&A	$1.9B
EBIT	$7.5B
EBITDA	$9.4B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$5.4B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$195M
Deferred Income Tax	$125M
Other Non-Cash Items	$289M
Change in Working Capital	$897M
OPERATING CASH FLOW	$8.9B
Capital Expenditure	-$2.2B
Acquisitions (Net)	-$163M
Purchases of Investments	-$8.6B
Sales/Maturities of Investments	$13.4B
Other Investing Activities	$67M
NET CASH FROM INVESTING	$2.5B
Net Debt Issuance	-$639M
Common Stock Repurchased	-$6.0B
Common Dividends Paid	-$2.1B
Other Financing Activities	-$181M
NET CASH FROM FINANCING	-$8.6B
FREE CASH FLOW	$6.6B
Net Change in Cash	$2.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.7B
Short-Term Investments	$1.4B
Net Receivables	$7.9B
Inventory	$46.8B
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$67.8B
PP&E (Net)	$11.0B
Goodwill	$5.1B
Intangible Assets	$2.9B
Long-Term Investments	$1.2B
Tax Assets	$6.6B
Other Non-Current Assets	$4.7B
TOTAL NON-CURRENT ASSETS	$31.4B
TOTAL ASSETS	$99.2B
Account Payables	$10.7B
Short-Term Debt	$929M
Deferred Revenue	$23.2B
Other Current Liabilities	$7.5B
TOTAL CURRENT LIABILITIES	$56.7B
Long-Term Debt	$8.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.2B
Other Non-Current Liabilities	$25.6B
TOTAL NON-CURRENT LIABILITIES	$35.9B
TOTAL LIABILITIES	$90.4B
Common Stock	$5.1B
Additional Paid-In Capital	$4.6B
Retained Earnings	$36.2B
Treasury Stock	-$23.3B
Accum. Other Comp. Income	-$13.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.7B
Minority Interest	$125M
TOTAL EQUITY	$8.8B
TOTAL LIABILITIES & EQUITY	$99.2B
Total Debt	$9.1B
Net Debt	-$2.8B