We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Boeing Co. | LSE:BOE | London | Ordinary Share | COM STK USD5 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 220.00 | 210.00 | 230.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMBOE
Boeing Reports First-Quarter Results and Raises EPS Guidance
CHICAGO, April 26, 2017 --
* GAAP EPS of $2.34 and core EPS (non-GAAP)* of $2.01 on solid execution
* Revenue of $21.0 billion reflecting 210 commercial and defense aircraft
deliveries and services
* Strong operating cash flow of $2.1 billion; repurchased 14.9 million shares
for $2.5 billion
* Backlog grew to $480 billion, including $27 billion of net orders during
the quarter
* Cash and marketable securities of $9.2 billion provide strong liquidity
* Revenue, margin, and operating cash guidance reaffirmed; EPS guidance
increased by $0.10 on tax benefit
Table 1. Summary Financial Results First Quarter
(Dollars in Millions, except per share data) 2017 2016 Change
Revenues $20,976 $22,632 (7)%
GAAP
Earnings From Operations $2,024 $1,788 13%
Operating Margin 9.6% 7.9% 1.7 Pts
Net Earnings $1,451 $1,219 19%
Earnings Per Share $2.34 $1.83 28%
Operating Cash Flow $2,094 $1,275 64%
Non-GAAP*
Core Operating Earnings $1,709 $1,694 1%
Core Operating Margin 8.1% 7.5% 0.6 Pts
Core Earnings Per Share $2.01 $1.74 16%
* Non-GAAP measures. Complete definitions of Boeing's non-GAAP measures are on
page 6, "Non-GAAP Measures Disclosures."
The Boeing Company [NYSE: BA] reported higher first-quarter earnings and
operating cash flow compared to the previous year, driven by solid execution on
production programs and services (Table 1). First-quarter GAAP earnings per
share increased to $2.34 and core earnings per share (non-GAAP)* increased to
$2.01. Revenue decreased to $21.0 billion, reflecting the timing of commercial
and defense aircraft deliveries.
For the full year, GAAP earnings per share guidance increased to between $10.35
and $10.55 from $10.25 and $10.45 and core earnings per share (non-GAAP)*
guidance increased to between $9.20 and $9.40 from $9.10 and $9.30, primarily
driven by a lower-than-expected tax rate.
"With a sharp focus on performance and productivity, our team delivered another
quarter of solid financial results, including year-over-year earnings growth
and strong operating cash flow," said Boeing Chairman, President and Chief
Executive Officer Dennis Muilenburg. "In turn, we continued to position Boeing
for growth with investments in new products and services, innovation, and our
people, while again demonstrating our commitment to return significant cash to
our shareholders."
"We also achieved major milestones, including the certification of the new 737
MAX 8 and first flight of the 787-10 Dreamliner, and we captured a $3.4 billion
contract award for 268 Apache helicopters."
"We remain on track to achieve our full-year revenue, earnings and cash flow
targets as our teams deliver on our large and diverse order backlog. As we do
so, we're focused on accelerating productivity, quality and safety
improvements, strengthening execution on development programs, and capturing
new business opportunities."
Table 2. Cash Flow First Quarter
(Millions) 2017 2016
Operating Cash Flow $2,094 $1,275
Less Additions to Property, Plant & Equipment ($466) ($748)
Free Cash Flow* $1,628 $527
* Non-GAAP measures. Complete definitions of Boeing's non-GAAP measures are on
page 6, "Non-GAAP Measures Disclosures."
Operating cash flow in the quarter of $2.1 billion was driven by solid
operating performance and timing of receipts and expenditures (Table 2). During
the quarter, the company repurchased 14.9 million shares for $2.5 billion,
leaving $11.5 billion remaining under the current repurchase authorization
which is expected to be completed over approximately the next two years. The
company also paid $868 million in dividends in the quarter, reflecting a 30
percent increase in dividends per share compared to the same period of the
prior year.
Table 3. Cash, Marketable Securities and Debt Balances Quarter-End
(Billions) Q1 17 Q4 16
Cash $8.2 $8.8
Marketable Securities1 $1.0 $1.2
Total $9.2 $10.0
Debt Balances:
The Boeing Company, net of intercompany loans to BCC $7.7 $7.1
Boeing Capital, including intercompany loans $3.1 $2.9
Total Consolidated Debt $10.8 $10.0
1 Marketable securities consists primarily of time deposits due within one year
classified as "short-term investments."
Cash and investments in marketable securities totaled $9.2 billion, down from
$10.0 billion at the beginning of the quarter (Table 3). Debt was $10.8
billion, up from the beginning of the quarter, primarily due to the issuance of
new debt.
Total company backlog at quarter-end was $480 billion, up from $473 billion at
the beginning of the quarter, and included net orders for the quarter of $27
billion.
Segment Results
Commercial Airplanes
Table 4. Commercial Airplanes First Quarter
(Dollars in Millions) 2017 2016 Change
Commercial Airplanes Deliveries 169 176 (4)%
Revenues $14,305 $14,399 (1)%
Earnings from Operations $1,215 $1,033 18%
Operating Margin 8.5% 7.2% 1.3 Pts
Commercial Airplanes first-quarter revenue was $14.3 billion on services
growth, offset by lower planned 737 deliveries, as we prepare for 737 MAX entry
into service in May (Table 4). First-quarter operating margin increased to 8.5
percent, reflecting improved performance on production and services programs,
cost growth on the initial production of KC-46 Tanker aircraft, and less
favorable delivery mix.
During the quarter, Boeing successfully completed first flight of the 787-10
Dreamliner. The 737 program rolled out the first 737 MAX 9 and received FAA
certification for the 737 MAX 8. Demand continues to be strong for the 737 MAX
with more than 3,700 orders since launch.
Commercial Airplanes booked 198 net orders during the quarter. Backlog remains
robust with more than 5,700 airplanes valued at $417 billion.
Defense, Space & Security
Table 5. Defense, Space & Security First Quarter
(Dollars in Millions) 2017 2016 Change
Revenues
Boeing Military Aircraft $2,636 $3,659 (28)%
Network & Space Systems $1,564 $1,735 (10)%
Global Services & Support $2,332 $2,562 (9)%
Total BDS Revenues $6,532 $7,956 (18)%
Earnings from Operations
Boeing Military Aircraft $321 $334 (4)%
Network & Space Systems $98 $148 (34)%
Global Services & Support $318 $340 (6)%
Total BDS Earnings from Operations $737 $822 (10)%
Operating Margin 11.3% 10.3% 1.0 Pts
Defense, Space & Security first-quarter revenue was $6.5 billion (Table 5).
First-quarter operating margin increased to 11.3 percent, reflecting improved
performance at BMA.
Boeing Military Aircraft (BMA) first-quarter revenue was $2.6 billion,
reflecting lower planned deliveries, and operating margin increased to 12.2
percent on improved performance. During the quarter, BMA was awarded a contract
for 268 AH-64E Apache helicopters from the U.S. Army, a contract for 17 P-8A
Poseidon aircraft from the U.S. Navy, Royal Australian Air Force, and the U.K.
Royal Air Force, and a contract from the U.S. Air Force for an additional 15
KC-46 Tanker aircraft.
Network & Space Systems (N&SS) first-quarter revenue was $1.6 billion,
reflecting lower volume on Commercial Crew. Operating margin was 6.3 percent
driven by lower satellite services volume and investments in development
efforts. During the quarter, N&SS announced an order for a 702 satellite with a
dual payload from SKY Perfect JSAT and Kacific.
Global Services & Support (GS&S) first-quarter revenue was $2.3 billion,
reflecting timing of contracts. Operating margin increased to 13.6 percent
largely reflecting improved performance. During the quarter, GS&S was awarded a
contract from the Republic of Korea Air Force to continue long-term sustainment
of F-15 aircraft over the next five years.
Backlog at Defense, Space & Security was $63 billion, of which 34 percent
represents orders from international customers.
Additional Financial Information
Table 6. Additional Financial Information First Quarter
(Dollars in Millions) 2017 2016
Revenues
Boeing Capital $92 $64
Unallocated items, eliminations and other $47 $213
Earnings from Operations
Boeing Capital $39 $5
Unallocated pension/postretirement $315 $94
Other unallocated items and eliminations ($282) ($166)
Other (loss)/income, net $22 $26
Interest and debt expense ($87) ($73)
Effective tax rate 25.9% 30.0%
At quarter-end, Boeing Capital's net portfolio balance was $4.0 billion. Total
pension expense for the first quarter was $334 million, down from $629 million
in the same period of the prior year. Unallocated items, eliminations and other
revenue decreased primarily due to the elimination of intercompany revenue for
one aircraft delivered under operating lease. The effective tax rate for the
first quarter decreased from the same period in the prior year due to
higher-than-expected tax benefits related to share-based compensation in the
first quarter of 2017.
Outlook
The company's 2017 updated financial and delivery guidance (Table 7) reflects
continued solid performance across the company and the impact of the
lower-than-expected tax rate.
Table 7. 2017 Financial Outlook Current Prior
(Dollars in Billions, except per share data) Guidance Guidance
The Boeing Company
Revenue $90.5 - 92.5 $90.5 - 92.5
GAAP Earnings Per Share $10.35 - 10.55 $10.25 - 10.45
Core Earnings Per Share* $9.20 - 9.40 $9.10 - 9.30
Operating Cash Flow $10.75 $10.75
Commercial Airplanes
Deliveries 760 - 765 760 - 765
Revenue $62.5 - 63.5 $62.5 - 63.5
Operating Margin 9.5% - 10.0 9.5% - 10.0
Defense, Space & Security
Revenue
Boeing Military Aircraft $11.5 $11.5
Network & Space Systems $7.0 $7.0
Global Services & Support $10.0 $10.0
Total BDS Revenue $28.0 - 29.0 $28.0 - 29.0
Operating Margin
Boeing Military Aircraft 12.0% 12.0%
Network & Space Systems 9.0% 9.0%
Global Services & Support >12.5% >12.5%
Total BDS Operating Margin 11.5% 11.5%
Boeing Capital
Portfolio Size Stable Stable
Revenue $0.3 $0.3
Pre-Tax Earnings $0.05 $0.05
Research & Development $3.6 $3.6
Capital Expenditures $2.3 $2.3
Pension Expense 1 $0.7 $0.7
Effective Tax Rate 31.0% 32.0%
1 Approximately ($0.9) billion is expected to be recorded in unallocated items
and eliminations
* Non-GAAP measures. Complete definitions of Boeing's non-GAAP measures are on
page 6, "Non-GAAP Measures Disclosures."
Non-GAAP Measures Disclosures
We supplement the reporting of our financial information determined under U.S.
generally accepted accounting principles (GAAP) with certain non-GAAP financial
information. The non-GAAP financial information presented excludes certain
significant items that may not be indicative of, or are unrelated to, results
from our ongoing business operations. We believe that these non-GAAP measures
provide investors with additional insight into the company's ongoing business
performance. These non-GAAP measures should not be considered in isolation or
as a substitute for the related GAAP measures, and other companies may define
such measures differently. We encourage investors to review our financial
statements and publicly-filed reports in their entirety and not to rely on any
single financial measure. The following definitions are provided:
Core Operating Earnings, Core Operating Margin and Core Earnings Per Share
Core operating earnings is defined as GAAP earnings from operations excluding
unallocated pension and post-retirement expense. Core operating margin is
defined as core operating earnings expressed as a percentage of revenue. Core
earnings per share is defined as GAAP diluted earnings per share excluding the
net earnings per share impact of unallocated pension and post-retirement
expense. Unallocated pension and post-retirement expense represents the portion
of pension and other post-retirement costs that are not recognized by business
segments for segment reporting purposes. Pension costs, comprising service and
prior service costs computed in accordance with Generally Accepted Accounting
Principles in the United States of America (GAAP) are allocated to Commercial
Airplanes. Pension costs allocated to BDS segments are computed in accordance
with U.S. Government Cost Accounting Standards (CAS), which employ different
actuarial assumptions and accounting conventions than GAAP. CAS costs are
allocable to government contracts. Other postretirement benefit costs are
allocated to all business segments based on CAS, which is generally based on
benefits paid. Management uses core operating earnings, core operating margin
and core earnings per share for purposes of evaluating and forecasting
underlying business performance. Management believes these core earnings
measures provide investors additional insights into operational performance as
they exclude unallocated pension and post-retirement costs, which primarily
represent costs driven by market factors and costs not allocable to government
contracts. A reconciliation between the GAAP and non-GAAP measures is provided
on page 13.
Free Cash Flow
Free cash flow is defined as GAAP operating cash flow without capital
expenditures for property, plant and equipment additions. Management believes
free cash flow provides investors with an important perspective on the cash
available for shareholders, debt repayment, and acquisitions after making the
capital investments required to support ongoing business operations and long
term value creation. Free cash flow does not represent the residual cash flow
available for discretionary expenditures as it excludes certain mandatory
expenditures such as repayment of maturing debt. Management uses free cash flow
as a measure to assess both business performance and overall liquidity. Table 2
provides a reconciliation between GAAP operating cash flow and free cash flow.
Caution Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Words such as "may,"
"should," "expects," "intends," "projects," "plans," "believes," "estimates,"
"targets," "anticipates," and similar expressions generally identify these
forward-looking statements. Examples of forward-looking statements include
statements relating to our future financial condition and operating results, as
well as any other statement that does not directly relate to any historical or
current fact. Forward-looking statements are based on expectations and
assumptions that we believe to be reasonable when made, but that may not prove
to be accurate. These statements are not guarantees and are subject to risks,
uncertainties, and changes in circumstances that are difficult to predict. Many
factors could cause actual results to differ materially and adversely from
these forward-looking statements. Among these factors are risks related to: (1)
general conditions in the economy and our industry, including those due to
regulatory changes; (2) our reliance on our commercial airline customers; (3)
the overall health of our aircraft production system, planned production rate
increases across multiple commercial airline programs, our commercial
development and derivative aircraft programs, and our aircraft being subject to
stringent performance and reliability standards; (4) changing budget and
appropriation levels and acquisition priorities of the U.S. government; (5) our
dependence on U.S. government contracts; (6) our reliance on fixed-price
contracts; (7) our reliance on cost-type contracts; (8) uncertainties
concerning contracts that include in-orbit incentive payments; (9) our
dependence on our subcontractors and suppliers, as well as the availability of
raw materials, (10) changes in accounting estimates; (11) changes in the
competitive landscape in our markets; (12) our non-U.S. operations, including
sales to non-U.S. customers; (13) potential adverse developments in new or
pending litigation and/or government investigations; (14) customer and aircraft
concentration in Boeing Capital's customer financing portfolio; (15) changes in
our ability to obtain debt on commercially reasonable terms and at competitive
rates in order to fund our operations and contractual commitments; (16)
realizing the anticipated benefits of mergers, acquisitions, joint ventures/
strategic alliances or divestitures; (17) the adequacy of our insurance
coverage to cover significant risk exposures; (18) potential business
disruptions, including those related to physical security threats, information
technology or cyber-attacks, epidemics, sanctions or natural disasters; (19)
work stoppages or other labor disruptions; (20) significant changes in discount
rates and actual investment return on pension assets; (21) potential
environmental liabilities; and (22) threats to the security of our or our
customers' information.
Additional information concerning these and other factors can be found in our
filings with the Securities and Exchange Commission, including our most recent
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K. Any forward-looking statement speaks only as of the date on which
it is made, and we assume no obligation to update or revise any forward-looking
statement, whether as a result of new information, future events, or otherwise,
except as required by law.
Contact:
Investor Relations: Troy Lahr or Ben Hackman (312) 544-2140
Communications: Bernard Choi (312) 544-2002
The Boeing Company and Subsidiaries
Consolidated Statements of Operations
(Unaudited)
Three months ended
March 31
(Dollars in millions, except per share data) 2017 2016
Sales of products $18,512 $19,885
Sales of services 2,464 2,747
Total revenues 20,976 22,632
Cost of products (15,363) (16,945)
Cost of services (1,888) (2,136)
Boeing Capital interest expense (13) (16)
Total costs and expenses (17,264) (19,097)
3,712 3,535
Income from operating investments, net 81 54
General and administrative expense (933) (888)
Research and development expense, net (838) (917)
Gain on dispositions, net 2 4
Earnings from operations 2,024 1,788
Other income, net 22 26
Interest and debt expense (87) (73)
Earnings before income taxes 1,959 1,741
Income tax expense (508) (522)
Net earnings $1,451 $1,219
Basic earnings per share $2.36 $1.85
Diluted earnings per share $2.34 $1.83
Cash dividends paid per share $1.42 $1.09
Weighted average diluted shares (millions) 621.2 665.8
The Boeing Company and Subsidiaries
Consolidated Statements of Financial Position
(Unaudited)
(Dollars in millions, except per share data) March 31 December 31
2017 2016
Assets
Cash and cash equivalents $8,190 $8,801
Short-term and other investments 1,015 1,228
Accounts receivable, net 9,335 8,832
Current portion of customer financing, net 580 428
Inventories, net of advances and progress billings 43,247 43,199
Total current assets 62,367 62,488
Customer financing, net 3,527 3,773
Property, plant and equipment, net of accumulated depreciation 12,842 12,807
of $17,156 and $16,883
Goodwill 5,342 5,324
Acquired intangible assets, net 2,496 2,540
Deferred income taxes 336 332
Investments 1,319 1,317
Other assets, net of accumulated amortization of $527 and $497 1,444 1,416
Total assets $89,673 $89,997
Liabilities and equity
Accounts payable $11,964 $11,190
Accrued liabilities 13,332 14,691
Advances and billings in excess of related costs 24,118 23,869
Short-term debt and current portion of long-term debt 367 384
Total current liabilities 49,781 50,134
Deferred income taxes 1,339 1,338
Accrued retiree health care 5,885 5,916
Accrued pension plan liability, net 19,796 19,943
Other long-term liabilities 2,285 2,221
Long-term debt 10,432 9,568
Shareholders' equity:
Common stock, par value $5.00 - 1,200,000,000 shares authorized; 5,061 5,061
1,012,261,159 shares issued
Additional paid-in capital 4,604 4,762
Treasury stock, at cost - 406,468,802 and 395,109,568 shares (38,320) (36,097)
Retained earnings 42,165 40,714
Accumulated other comprehensive loss (13,415) (13,623)
Total shareholders' equity 95 817
Noncontrolling interests 60 60
Total equity 155 877
Total liabilities and equity $89,673 $89,997
The Boeing Company and Subsidiaries
Consolidated Statements of Cash Flows
(Unaudited)
Three months ended
March 31
(Dollars in millions) 2017 2016
Cash flows - operating activities:
Net earnings $1,451 $1,219
Adjustments to reconcile net earnings to net cash provided
by operating activities:
Non-cash items -
Share-based plans expense 50 51
Depreciation and amortization 471 443
Investment/asset impairment charges, net 23 33
Customer financing valuation benefit 7 (2)
Gain on dispositions, net (2) (4)
Other charges and credits, net 52 84
Changes in assets and liabilities -
Accounts receivable (769) (1,002)
Inventories, net of advances and progress billings (31) (56)
Accounts payable 616 960
Accrued liabilities (613) (467)
Advances and billings in excess of related costs 249 (435)
Income taxes receivable, payable and deferred 495 273
Other long-term liabilities (72) (116)
Pension and other postretirement plans 10 79
Customer financing, net 232 276
Other (75) (61)
Net cash provided by operating activities 2,094 1,275
Cash flows - investing activities:
Property, plant and equipment additions (466) (748)
Property, plant and equipment reductions 9 11
Contributions to investments (605) (204)
Proceeds from investments 803 493
Other (3) 10
Net cash used by investing activities (262) (438)
Cash flows - financing activities:
New borrowings 872 115
Debt repayments (34) (128)
Stock options exercised 174 42
Employee taxes on certain share-based payment arrangements (107) (76)
Common shares repurchased (2,500) (3,501)
Dividends paid (868) (717)
Net cash used by financing activities (2,463) (4,265)
Effect of exchange rate changes on cash and cash 20 12
equivalents
Net decrease in cash and cash equivalents (611) (3,416)
Cash and cash equivalents at beginning of year 8,801 11,302
Cash and cash equivalents at end of period $8,190 $7,886
The Boeing Company and Subsidiaries
Summary of Business Segment Data
(Unaudited)
Three months ended
March 31
(Dollars in millions) 2017 2016
Revenues:
Commercial Airplanes $14,305 $14,399
Defense, Space & Security:
Boeing Military Aircraft 2,636 3,659
Network & Space Systems 1,564 1,735
Global Services & Support 2,332 2,562
Total Defense, Space & Security 6,532 7,956
Boeing Capital 92 64
Unallocated items, eliminations and other 47 213
Total revenues $20,976 $22,632
Earnings from operations:
Commercial Airplanes $1,215 $1,033
Defense, Space & Security:
Boeing Military Aircraft 321 334
Network & Space Systems 98 148
Global Services & Support 318 340
Total Defense, Space & Security 737 822
Boeing Capital 39 5
Segment operating profit 1,991 1,860
Unallocated items, eliminations and other 33 (72)
Earnings from operations 2,024 1,788
Other income, net 22 26
Interest and debt expense (87) (73)
Earnings before income taxes 1,959 1,741
Income tax expense (508) (522)
Net earnings $1,451 $1,219
Research and development expense, net:
Commercial Airplanes $636 $671
Defense, Space & Security 213 258
Other (11) (12)
Total research and development expense, net $838 $917
Unallocated items, eliminations and other
Share-based plans ($21) ($23)
Deferred compensation (50) 16
Amortization of previously capitalized interest (31) (30)
Eliminations and other unallocated items (180) (129)
Sub-total (included in core operating earnings) (282) (166)
Pension 255 45
Postretirement 60 49
Total unallocated items, eliminations and other $33 ($72)
The Boeing Company and Subsidiaries
Operating and Financial Data
(Unaudited)
Deliveries Three months ended
March 31
Commercial Airplanes 2017 2016
737 113 121
747 1 (1) 1
767 2 1
777 21 23
787 32 30
Total 169 176
Note: Deliveries under operating lease are identified by parentheses.
Defense, Space & Security
Boeing Military Aircraft
AH-64 Apache (New) 3 7
AH-64 Apache (Remanufactured) 13 11
C-17 Globemaster III 3
CH-47 Chinook (New) 3 3
CH-47 Chinook (Renewed) 9 9
F-15 Models 3 4
F/A-18 Models 6 8
P-8 Models 4 4
Network & Space Systems
Commercial and Civil Satellites 1 1
Military Satellites
Contractual backlog (Dollars in billions) March 31 December 31
2017 2016
Commercial Airplanes $415.1 $416.2
Defense, Space & Security:
Boeing Military Aircraft 23.4 21.4
Network & Space Systems 6.0 5.1
Global Services & Support 17.0 15.6
Total Defense, Space & Security 46.4 42.1
Total contractual backlog $461.5 $458.3
Unobligated backlog $18.0 $15.2
Total backlog $479.5 $473.5
Workforce 147,000 150,500
The Boeing Company and Subsidiaries
Reconciliation of Non-GAAP Measures
(Unaudited)
The tables provided below reconcile the non-GAAP financial measures core
operating earnings, core operating margin, and core earnings per share with the
most directly comparable GAAP financial measures, earnings from operations,
operating margin, and diluted earnings per share. See page 6 of this release
for additional information on the use of these non-GAAP financial measures.
(Dollars in millions, except per share First Quarter Guidance
data)
2017 2016 2017
Revenues $20,976 $22,632
GAAP Earnings From Operations $2,024 $1,788
Increase/(Decrease) in GAAP Earnings From 13%
Operations
GAAP Operating Margin 9.6% 7.9%
Unallocated Pension Income ($255) ($45)
Unallocated Other Postretirement Benefit ($60) ($49)
Income
Unallocated Pension and Other ($315) ($94) ($1,075)
Postretirement Benefit Income
Core Operating Earnings (non-GAAP) $1,709 $1,694
Increase/(Decrease) in Core Operating 1%
Earnings (non-GAAP)
Core Operating Margin (non-GAAP) 8.1% 7.5%
GAAP Diluted Earnings Per Share $2.34 $1.83 $10.35 - $10.55
Unallocated Pension Income ($0.41) ($0.07)
Unallocated Postretirement Benefit Income ($0.10) ($0.07) ($1.15)
Provision for deferred income taxes on $0.18 $0.05
adjustments (1)
Core Earnings Per Share (non-GAAP) $2.01 $1.74 $9.20 - $9.40
Weighted Average Diluted Shares (millions) 621.2 665.8 605 - 610
Increase/(Decrease) in GAAP Earnings Per 28%
Share
Increase/(Decrease) in Core Earnings Per 16%
Share (non-GAAP)
(1) The income tax impact is calculated using the tax rate in effect for the
non-GAAP adjustments.
END
(END) Dow Jones Newswires
April 26, 2017 07:30 ET (11:30 GMT)
1 Year Boeing Chart |
1 Month Boeing Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
