BA Q4 2016 Earnings Report — The Boeing Company Revenue & Financial Results | Market Cap Arena

The Boeing CompanyBA

Q4 2016 Earnings

Reported February 9, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$23.3B	$23.9B	—	-2.6%	—
Op. Income	$2.1B	$2.2B	—	-5.3%	—
Gross Margin	16.4%	16.7%	—	-0.3pp	—
Net Margin	7.0%	9.5%	—	-2.5pp	—
EPS (Diluted)	$2.59	$3.60	—	-28.1%	—
Free Cash Flow	$2.2B	$2.6B	—	-14.3%	—

Revenue Flow

Item	Amount
REVENUE	$23.3B
Cost of Revenue	$19.5B
GROSS PROFIT	$3.8B
R&D Expenses	$726M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$999M
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$21.2B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$79M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$472M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$546M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$23.3B
Cost of Revenue	$19.5B
GROSS PROFIT	$3.8B
R&D Expenses	$726M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$999M
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$21.2B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$79M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$472M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$546M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$546M
Stock-Based Compensation	$46M
Deferred Income Tax	$26M
Other Non-Cash Items	$148M
Change in Working Capital	$435M
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$599M
Acquisitions (Net)	-$273M
Purchases of Investments	-$791M
Sales/Maturities of Investments	$253M
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	-$521M
Common Stock Repurchased	-$500M
Common Dividends Paid	-$672M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$2.2B
Net Change in Cash	-$185M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.8B
Short-Term Investments	$1.2B
Net Receivables	$9.3B
Inventory	$43.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$62.5B
PP&E (Net)	$12.8B
Goodwill	$5.3B
Intangible Assets	$2.5B
Long-Term Investments	$1.3B
Tax Assets	$332M
Other Non-Current Assets	$5.2B
TOTAL NON-CURRENT ASSETS	$27.5B
TOTAL ASSETS	$90.0B
Account Payables	$11.2B
Short-Term Debt	$384M
Deferred Revenue	$23.9B
Other Current Liabilities	$8.8B
TOTAL CURRENT LIABILITIES	$50.1B
Long-Term Debt	$9.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$28.1B
TOTAL NON-CURRENT LIABILITIES	$39.0B
TOTAL LIABILITIES	$89.1B
Common Stock	$5.1B
Additional Paid-In Capital	$4.8B
Retained Earnings	$40.7B
Treasury Stock	-$36.1B
Accum. Other Comp. Income	-$13.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$817M
Minority Interest	$60M
TOTAL EQUITY	$877M
TOTAL LIABILITIES & EQUITY	$90.0B
Total Debt	$10.0B
Net Debt	$1.2B