10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2010 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 9, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Sales of products | $ 52,586 | 57,032 | 50,180 |
| Sales of services | 11,720 | 11,249 | 10,729 |
| Total revenues | 64,306 | 68,281 | 60,909 |
| Cost of products | (42,194) | (47,639) | (41,662) |
| Cost of services | (9,489) | (8,726) | (8,467) |
| Boeing Capital Corporation interest expense | (160) | (175) | (223) |
| Total costs and expenses | (51,843) | (56,540) | (50,352) |
| Gross profit | 12,463 | 11,741 | 10,557 |
| Income from operating investments, net | 267 | 249 | 241 |
| General and administrative expense | (3,644) | (3,364) | (3,084) |
| Research and development expense, net | (4,121) | (6,506) | (3,768) |
| Gain/(loss) on dispositions, net | 6 | (24) | 4 |
| Earnings from operations | 4,971 | 2,096 | 3,950 |
| Other income/(expense), net | 52 | (26) | 247 |
| Interest and debt expense | (516) | (339) | (202) |
| Earnings before income taxes | 4,507 | 1,731 | 3,995 |
| Income tax expense | (1,196) | (396) | (1,341) |
| Net earnings from continuing operations | 3,311 | 1,335 | 2,654 |
| Net (loss)/gain on disposal of discontinued operations, net of taxes of $2, $13 and ($10) | (4) | (23) | 18 |
| Net earnings | 3,307 | 1,312 | 2,672 |
| Basic earnings per share from continuing operations | 4.50 | 1.89 | 3.68 |
| Net (loss)/gain on disposal of discontinued operations, net of taxes | (0.01) | (0.03) | 0.02 |
| Basic earnings per share | 4.49 | 1.86 | 3.70 |
| Diluted earnings per share from continuing operations | 4.46 | 1.87 | 3.65 |
| Net (loss)/gain on disposal of discontinued operations, net of taxes | (0.01) | (0.03) | 0.02 |
| Diluted earnings per share | 4.45 | 1.84 | 3.67 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 9, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows - operating activities: | |||
| Net earnings | $ 3,307 | 1,312 | 2,672 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Non-cash items - | |||
| Share-based plans expense | 215 | 238 | 209 |
| Depreciation | 1,510 | 1,459 | 1,325 |
| Amortization of other acquired intangibles | 217 | 207 | 166 |
| Amortization of debt discount/premium and issuance costs | 19 | 12 | 11 |
| Investment/asset impairment charges, net | 174 | 151 | 50 |
| Customer financing valuation provision | 51 | 45 | 84 |
| Loss on disposal of discontinued operations | 6 | 36 | (28) |
| (Gain)/loss on dispositions, net | (6) | 24 | (4) |
| Other charges and credits, net | 512 | 214 | 116 |
| Excess tax benefits from share-based payment arrangements | (19) | (5) | (100) |
| Changes in assets and liabilities - | |||
| Accounts receivable | 8 | (391) | 564 |
| Inventories, net of advances and progress billings | (7,387) | (1,525) | (6,168) |
| Accounts payable | 313 | 1,141 | 318 |
| Other accrued liabilities | 668 | 1,327 | 554 |
| Advances and billings in excess of related costs | 238 | (680) | (1,120) |
| Income taxes receivable, payable and deferred | 822 | 607 | 744 |
| Other long-term liabilities | 328 | (12) | (211) |
| Pension and other postretirement plans | 1,335 | 1,140 | 14 |
| Customer financing, net | 717 | 104 | 432 |
| Other | (76) | 199 | (29) |
| Net cash provided/(used) by operating activities | 2,952 | 5,603 | (401) |
| Cash flows - investing activities: | |||
| Property, plant and equipment additions | (1,125) | (1,186) | (1,674) |
| Property, plant and equipment reductions | 63 | 27 | 34 |
| Acquisitions, net of cash acquired | (932) | (639) | (964) |
| Contributions to investments | (15,548) | (2,629) | (6,673) |
| Proceeds from investments | 12,425 | 1,041 | 11,343 |
| Payments on Sea Launch guarantees | (448) | ||
| Reimbursement of Sea Launch guarantee payments | 82 | 40 | |
| Receipt of economic development program funds | 206 | ||
| Purchase of distribution rights | (2) | (178) | |
| Net cash (used)/provided by investing activities | (4,831) | (3,794) | 1,888 |
| Cash flows - financing activities: | |||
| New borrowings | 41 | 5,961 | 13 |
| Debt repayments | (689) | (551) | (738) |
| Payments to noncontrolling interests | 40 | ||
| Repayments of distribution rights financing | (137) | (357) | |
| Stock options exercised, other | 87 | 10 | 44 |
| Excess tax benefits from share-based payment arrangements | 19 | 5 | 100 |
| Employee taxes on certain share-based payment arrangements | (30) | (21) | (135) |
| Common shares repurchased | (50) | (2,937) | |
| Dividends paid | (1,253) | (1,220) | (1,192) |
| Net cash (used)/provided by financing activities | (1,962) | 4,094 | (5,202) |
| Effect of exchange rate changes on cash and cash equivalents | (15) | 44 | (59) |
| Net (decrease)/increase in cash and cash equivalents | (3,856) | 5,947 | (3,774) |
| Cash and cash equivalents at beginning of year | 9,215 | 3,268 | |
| Cash and cash equivalents at end of year | 5,359 | 9,215 | 3,268 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BOEING CO | ||
Ticker: BA Fiscal Year: 2010 | ||
Consolidated Statements of Financial Position | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 9, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Cash and cash equivalents | $ 5,359 | 9,215 |
| Short-term and other investments | 5,158 | 2,008 |
| Accounts receivable, net | 5,422 | 5,785 |
| Current portion of customer financing, net | 285 | 368 |
| Deferred income taxes | 31 | 966 |
| Inventories, net of advances and progress billings | 24,317 | 16,933 |
| Total current assets | 40,572 | 35,275 |
| Customer financing, net | 4,395 | 5,466 |
| Property, plant and equipment, net | 8,931 | 8,784 |
| Goodwill | 4,937 | 4,319 |
| Other acquired intangibles, net | 2,979 | 2,877 |
| Deferred income taxes | 4,031 | 3,062 |
| Investments | 1,111 | 1,030 |
| Pension plan assets, net | 6 | 16 |
| Other assets, net of accumulated amortization of $630 and $492 | 1,603 | 1,224 |
| Total assets | 68,565 | 62,053 |
| Liabilities and equity | ||
| Accounts payable | 7,715 | 7,096 |
| Other accrued liabilities | 13,802 | 12,822 |
| Advances and billings in excess of related costs | 12,323 | 12,076 |
| Deferred income taxes and income taxes payable | 607 | 182 |
| Short-term debt and current portion of long-term debt | 948 | 707 |
| Total current liabilities | 35,395 | 32,883 |
| Accrued retiree health care | 8,025 | 7,049 |
| Accrued pension plan liability, net | 9,800 | 6,315 |
| Non-current income taxes payable | 418 | 827 |
| Other long-term liabilities | 592 | 537 |
| Long-term debt | 11,473 | 12,217 |
| Shareholders' equity: | ||
| Common stock, par value $5.00 - 1,012,261,159 shares issued | 5,061 | 5,061 |
| Additional paid-in capital | 3,866 | 3,724 |
| Treasury stock, at cost | (17,187) | (15,911) |
| Retained earnings | 24,784 | 22,746 |
| Accumulated other comprehensive loss | (13,758) | (11,877) |
| ShareValue Trust | (1,615) | |
| Total shareholders' equity | 2,766 | 2,128 |
| Noncontrolling interest | 96 | 97 |
| Total equity | 2,862 | 2,225 |
| Total liabilities and equity | 68,565 | 62,053 |
| External Links | |
| BOEING CO (BA) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |