BA Q1 2017 Earnings Report — The Boeing Company Revenue & Financial Results | Market Cap Arena

The Boeing CompanyBA

Q1 2017 Earnings

Reported April 26, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$21.0B	$23.3B	$22.6B	-9.9%	-7.3%
Op. Income	$1.9B	$2.1B	$1.8B	-7.4%	8.6%
Gross Margin	17.7%	16.4%	15.6%	1.3pp	2.1pp
Net Margin	6.9%	7.0%	5.4%	-0.1pp	1.5pp
EPS (Diluted)	$2.54	$2.59	$1.83	-1.9%	38.8%
Free Cash Flow	$1.6B	$2.2B	$483M	-27.1%	237.1%

Revenue Flow

Item	Amount
REVENUE	$21.0B
Cost of Revenue	$17.3B
GROSS PROFIT	$3.7B
R&D Expenses	$838M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$933M
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$19.0B
OPERATING INCOME	$1.9B
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	$18M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$508M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$471M
EBIT	$2.0B
EBITDA	$2.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$21.0B
Cost of Revenue	$17.3B
GROSS PROFIT	$3.7B
R&D Expenses	$838M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$933M
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$19.0B
OPERATING INCOME	$1.9B
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	$18M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$508M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$471M
EBIT	$2.0B
EBITDA	$2.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$471M
Stock-Based Compensation	$50M
Deferred Income Tax	$21M
Other Non-Cash Items	$59M
Change in Working Capital	$42M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$466M
Acquisitions (Net)	$9M
Purchases of Investments	-$605M
Sales/Maturities of Investments	$803M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$262M
Net Debt Issuance	$838M
Common Stock Repurchased	-$2.5B
Common Dividends Paid	-$868M
Other Financing Activities	$67M
NET CASH FROM FINANCING	-$2.5B
FREE CASH FLOW	$1.6B
Net Change in Cash	-$611M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.2B
Short-Term Investments	$1.0B
Net Receivables	$9.9B
Inventory	$43.2B
Other Current Assets	$580M
TOTAL CURRENT ASSETS	$62.4B
PP&E (Net)	$12.8B
Goodwill	$5.3B
Intangible Assets	$2.5B
Long-Term Investments	$1.3B
Tax Assets	$336M
Other Non-Current Assets	$5.0B
TOTAL NON-CURRENT ASSETS	$27.3B
TOTAL ASSETS	$89.7B
Account Payables	$12.0B
Short-Term Debt	$367M
Deferred Revenue	$24.1B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$49.8B
Long-Term Debt	$10.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$28.0B
TOTAL NON-CURRENT LIABILITIES	$39.7B
TOTAL LIABILITIES	$89.5B
Common Stock	$5.1B
Additional Paid-In Capital	$4.6B
Retained Earnings	$42.2B
Treasury Stock	-$38.3B
Accum. Other Comp. Income	-$13.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$95M
Minority Interest	$60M
TOTAL EQUITY	$155M
TOTAL LIABILITIES & EQUITY	$89.7B
Total Debt	$10.8B
Net Debt	$2.6B