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: 2018 | |||
Consolidated Statements Of Operations | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 8, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Total revenues | $ 101,127 | 94,005 | 93,496 |
| Boeing Capital interest expense | (69) | (70) | (59) |
| Total costs and expenses | (81,490) | (76,612) | (79,026) |
| Gross profit | 19,637 | 17,393 | 14,470 |
| Income from operating investments, net | 111 | 204 | 303 |
| General and administrative expense | (4,567) | (4,095) | (3,613) |
| Research and development expense, net | (3,269) | (3,179) | (4,626) |
| Gain/(loss) on dispositions, net | 75 | 21 | (7) |
| Earnings from operations | 11,987 | 10,344 | 6,527 |
| Other income/(loss), net | 92 | 123 | (438) |
| Interest and debt expense | (475) | (360) | (306) |
| Earnings before income taxes | 11,604 | 10,107 | 5,783 |
| Income tax expense | (1,144) | (1,649) | (749) |
| Net earnings | 10,460 | 8,458 | 5,034 |
| Basic earnings per share | 18.05 | 14.03 | 7.92 |
| Diluted earnings per share | 17.85 | 13.85 | 7.83 |
| Product and Service | |||
| Product | |||
| Total revenues | 90,229 | 83,740 | 83,198 |
| Cost of Goods and Services Sold | (72,922) | (68,879) | (71,013) |
| Service | |||
| Total revenues | 10,898 | 10,265 | 10,298 |
| Cost of Goods and Services Sold | (8,499) | (7,663) | (7,954) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 8, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net earnings | $ 10,460 | 8,458 | 5,034 |
| Currency translation adjustments | (86) | 128 | (104) |
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax of ($1), $1, and ($5) | 2 | 1 | (2) |
| Derivative instruments: | |||
| Unrealized (loss)/gain arising during period, net of tax of $40, ($66), and $4 | (146) | 119 | (8) |
| Reclassification adjustment for loss included in net earnings, net of tax of ($8), ($28), and ($43) | 30 | 52 | 78 |
| Total derivative instruments, net of tax | (116) | 171 | 70 |
| Defined benefit pension plans & other postretirement benefits: | |||
| Net actuarial gain/(loss) arising during the period, net of tax of ($105), $248, and $752 | 384 | (495) | (1,365) |
| Amortization of actuarial losses included in net periodic pension cost, net of tax of ($242), ($272), and ($288) | 878 | 542 | 524 |
| Settlements and curtailments included in net income, net of tax of ($2), $0, and ($7) | (8) | (14) | |
| Pension and postretirement benefit/(cost) related to our equity method investments, net of tax ($6), $5, and ($7) | 22 | (11) | 12 |
| Amortization of prior service credits included in net periodic pension cost, net of tax of $39, $59, and $31 | (143) | (117) | (57) |
| Prior service cost arising during the period, net of tax of ($94), ($14), and ($18) | 341 | 28 | 33 |
| Total defined benefit pension plans & other postretirement benefits, net of tax | 1,490 | (53) | (839) |
| Other comprehensive income/(loss), net of tax | 1,290 | 247 | (875) |
| Comprehensive loss related to noncontrolling interests | (21) | (2) | (1) |
| Comprehensive income, net of tax | 11,729 | 8,703 | 4,158 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2018 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 8, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows - operation activities: | |||
| Net earnings | $ 10,460 | 8,458 | 5,034 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Non-cash items - | |||
| Share-based plans expense | 202 | 202 | 190 |
| Depreciation and amortization | 2,114 | 2,047 | 1,889 |
| Investment/asset impairment charges, net | 93 | 113 | 90 |
| Customer financing valuation (benefit)/expense | (3) | 2 | (7) |
| Gain/(loss) on dispositions, net | (75) | (21) | 7 |
| Other charges and credits, net | 247 | 293 | 371 |
| Changes in assets and liabilities | |||
| Accounts receivable | (795) | (840) | 326 |
| Unbilled receivables | (1,826) | (1,600) | 792 |
| Advances and progress billings | 2,636 | 4,700 | (1,362) |
| Inventories | 568 | (1,403) | 4,004 |
| Other current assets | 98 | (19) | (200) |
| Accounts payable | 2 | 130 | 622 |
| Accrued liabilities | 1,117 | 335 | 312 |
| Income taxes receivable, payable and deferred | (180) | 656 | (734) |
| Other long-term liabilities | 87 | 94 | (68) |
| Pension and other postretirement plans | (153) | (582) | 153 |
| Customer financing, net | 120 | 1,041 | (662) |
| Other | 610 | (260) | (261) |
| Net cash provided by operating activities | 15,322 | 13,346 | 10,496 |
| Cash flows - investing activities: | |||
| Property, plant and equipment additions | (1,722) | (1,739) | (2,613) |
| Property, plant and equipment reductions | 120 | 92 | 38 |
| Acquisitions, net of cash acquired | (3,230) | (324) | (297) |
| Contributions to investments | (2,607) | (3,569) | (1,719) |
| Proceeds from investments | 2,898 | 3,607 | 1,206 |
| Purchase of distribution rights | 69 | 131 | |
| Other | (11) | 6 | 7 |
| Net cash used by investing activities | (4,621) | (2,058) | (3,378) |
| Cash flows - financing activities | |||
| New borrowings | 8,548 | 2,077 | 1,325 |
| Debt repayments | (7,183) | (953) | (1,359) |
| Repayments of distribution rights and other asset financing | (24) | ||
| Contributions from noncontrolling interests | 35 | ||
| Stock options exercised | 81 | 311 | 321 |
| Employee taxes on certain share-based payment arrangements | (257) | (132) | (93) |
| Common shares repurchased | (9,000) | (9,236) | (7,001) |
| Dividends paid | (3,946) | (3,417) | (2,756) |
| Net cash used by financing activities | (11,722) | (11,350) | (9,587) |
| Effect of exchange rate changes on cash and cash equivalents | (53) | 80 | (33) |
| Net (decrease) / increase in cash & cash equivalents, including restricted | (1,074) | 18 | (2,502) |
| Cash & cash equivalents, including restricted, at beginning of year | 8,887 | 8,869 | |
| Cash & cash equivalents, including restricted, at end of year | 7,813 | 8,887 | 8,869 |
| Less restricted cash & cash equivalents, included in Investments | (176) | (74) | (68) |
| Cash and cash equivalents at end of year | 7,637 | 8,813 | 8,801 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BOEING CO | ||
Ticker: BA Fiscal Year: 2018 | ||
Consolidated Statements Of Financial Position | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 8, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and cash equivalents | $ 7,637 | 8,813 |
| Short-term and other investments | 927 | 1,179 |
| Accounts receivable, net | 3,879 | 2,894 |
| Unbilled receivables, net | 10,025 | 8,194 |
| Current portion of customer financing, net | 460 | 309 |
| Inventories | 62,567 | 61,388 |
| Other current assets | 2,335 | 2,417 |
| Total current assets | 87,830 | 85,194 |
| Customer financing, net | 2,418 | 2,756 |
| Property, plant and equipment, net | 12,645 | 12,672 |
| Goodwill | 7,840 | 5,559 |
| Acquired intangible assets, net | 3,429 | 2,573 |
| Deferred income taxes | 284 | 321 |
| Investments | 1,087 | 1,260 |
| Other assets, net of accumulated amortization of $503 and $482 | 1,826 | 2,027 |
| Total assets | 117,359 | 112,362 |
| Liabilities and equity | ||
| Accounts payable | 12,916 | 12,202 |
| Accrued liabilities | 14,808 | 13,069 |
| Advances and progress billings | 50,676 | 48,042 |
| Short-term debt and current portion of long-term debt | 3,190 | 1,335 |
| Total current liabilities | 81,590 | 74,648 |
| Deferred income taxes | 1,736 | 2,188 |
| Accrued retiree health care | 4,584 | 5,545 |
| Accrued pension plan liability, net | 15,323 | 16,471 |
| Other long-term liabilities | 3,059 | 2,015 |
| Long-term debt | 10,657 | 9,782 |
| Shareholders' equity: | ||
| Common stock, par value $5.00 1,200,000,000 shares authorized; 1,012,261,159 shares issued | 5,061 | 5,061 |
| Additional paid-in capital | 6,768 | 6,804 |
| Treasury stock, at cost | (52,348) | (43,454) |
| Retained earnings | 55,941 | 49,618 |
| Accumulated other comprehensive loss | (15,083) | (16,373) [1] |
| Total shareholders equity | 339 | 1,656 |
| Noncontrolling interests | 71 | 57 |
| Total equity | 410 | 1,713 |
| Total liabilities and equity | 117,359 | 112,362 |
| [1] Net of tax. | ||
| External Links | |
| BOEING CO (BA) Fiscal Year 2018 | |
| 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 |