BA Q4 2017 Earnings Report — The Boeing Company Revenue & Financial Results | Market Cap Arena

The Boeing CompanyBA

Q4 2017 Earnings

Reported February 12, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$25.4B	—	$23.3B	—	8.9%
Op. Income	$3.0B	—	$2.1B	—	41.8%
Gross Margin	19.5%	—	16.4%	—	3.1pp
Net Margin	12.3%	—	7.0%	—	5.3pp
EPS (Diluted)	$5.18	—	$2.59	—	100.0%
Free Cash Flow	$2.5B	—	$2.2B	—	10.6%

Revenue Flow

Item	Amount
REVENUE	$25.4B
Cost of Revenue	$20.4B
GROSS PROFIT	$4.9B
R&D Expenses	$761M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$22.4B
OPERATING INCOME	$3.0B
Interest Income	$0
Interest Expense	$93M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	-$160M
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$3.1B
D&A	$582M
EBIT	$3.1B
EBITDA	$3.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$25.4B
Cost of Revenue	$20.4B
GROSS PROFIT	$4.9B
R&D Expenses	$761M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$22.4B
OPERATING INCOME	$3.0B
Interest Income	$0
Interest Expense	$93M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	-$160M
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$3.1B
D&A	$582M
EBIT	$3.1B
EBITDA	$3.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$582M
Stock-Based Compensation	$51M
Deferred Income Tax	$17M
Other Non-Cash Items	$95M
Change in Working Capital	-$973M
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$435M
Acquisitions (Net)	-$262M
Purchases of Investments	-$754M
Sales/Maturities of Investments	$1.0B
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$426M
Net Debt Issuance	$331M
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$842M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	$2.5B
Net Change in Cash	$244M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.8B
Short-Term Investments	$1.2B
Net Receivables	$11.4B
Inventory	$44.3B
Other Current Assets	$309M
TOTAL CURRENT ASSETS	$65.2B
PP&E (Net)	$12.7B
Goodwill	$5.6B
Intangible Assets	$2.6B
Long-Term Investments	$1.3B
Tax Assets	$341M
Other Non-Current Assets	$4.8B
TOTAL NON-CURRENT ASSETS	$27.2B
TOTAL ASSETS	$92.3B
Account Payables	$12.2B
Short-Term Debt	$1.3B
Deferred Revenue	$27.4B
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$56.3B
Long-Term Debt	$9.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.8B
Other Non-Current Liabilities	$24.0B
TOTAL NON-CURRENT LIABILITIES	$35.7B
TOTAL LIABILITIES	$91.9B
Common Stock	$5.1B
Additional Paid-In Capital	$6.8B
Retained Earnings	$45.3B
Treasury Stock	-$43.5B
Accum. Other Comp. Income	-$13.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$355M
Minority Interest	$57M
TOTAL EQUITY	$412M
TOTAL LIABILITIES & EQUITY	$92.3B
Total Debt	$11.1B
Net Debt	$2.2B