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: 2019 | |||
Consolidated Statements Of Operations | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 31, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Total revenues | $ 76,559 | 101,127 | 94,005 |
| Boeing Capital interest expense | (62) | (69) | (70) |
| Total costs and expenses | (72,093) | (81,490) | (76,612) |
| Gross profit | 4,466 | 19,637 | 17,393 |
| (Loss)/income from operating investments, net | (4) | 111 | 204 |
| General and administrative expense | (3,909) | (4,567) | (4,095) |
| Research and development expense, net | (3,219) | (3,269) | (3,179) |
| Gain/(loss) on dispositions, net | 691 | 75 | 21 |
| (Loss)/earnings from operations | (1,975) | 11,987 | 10,344 |
| Other income, net | 438 | 92 | 123 |
| Interest and debt expense | (722) | (475) | (360) |
| (Loss)/earnings before income taxes | (2,259) | 11,604 | 10,107 |
| Income tax benefit/(expense) | 1,623 | (1,144) | (1,649) |
| Net (loss)/earnings | (636) | 10,460 | 8,458 |
| Basic (loss)/earnings per share | (1.12) | 18.05 | 14.03 |
| Diluted earnings per share | (1.12) | 17.85 | 13.85 |
| Product and Service | |||
| Product | |||
| Total revenues | 66,094 | 90,229 | 83,740 |
| Cost of Goods and Services Sold | (62,877) | (72,922) | (68,879) |
| Service | |||
| Total revenues | 10,465 | 10,898 | 10,265 |
| Cost of Goods and Services Sold | (9,154) | (8,499) | (7,663) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 31, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Retained Earnings (Accumulated Deficit) | $ 50,644 | 55,941 | |
| Net (loss)/earnings | (636) | 10,460 | 8,458 |
| Currency translation adjustments | (27) | (86) | 128 |
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax of ($1), $1, and ($5) | 1 | 2 | 1 |
| Derivative instruments: | |||
| Unrealized (loss)/gain arising during period, net of tax of $13, $40, and ($66) | (48) | (146) | 119 |
| Reclassification adjustment for loss included in net earnings, net of tax of ($7), ($8), and ($28) | 26 | 30 | 52 |
| Total derivative instruments, net of tax | (22) | (116) | 171 |
| Defined benefit pension plans & other postretirement benefits: | |||
| Net actuarial (loss)/gain arising during the period, net of tax of $405, ($105), and $248 | (1,413) | 384 | (495) |
| Amortization of actuarial losses included in net periodic pension cost, net of tax of ($133), ($242), and ($272) | 464 | 878 | 542 |
| Settlements and curtailments included in net income, net of tax of $0, ($2), and $0 | (8) | ||
| Pension and postretirement benefit/(cost) related to our equity method investments, net of tax ($5), ($6), and $5 | 17 | 22 | (11) |
| Amortization of prior service credits included in net periodic pension cost, net of tax of $25, $39, and $59 | (89) | (143) | (117) |
| Prior service (credit)/cost arising during the period, net of tax of $0, ($94), and ($14) | (1) | 341 | 28 |
| Total defined benefit pension plans & other postretirement benefits, net of tax | (1,022) | 1,490 | (53) |
| Other comprehensive (loss)/income, net of tax | (1,070) | 1,290 | 247 |
| Comprehensive loss related to noncontrolling interests | (41) | (21) | (2) |
| Comprehensive (loss)/income, net of tax | (1,747) | 11,729 | 8,703 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2019 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 31, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows - operation activities: | |||
| Net (loss)/earnings | $ (636) | 10,460 | 8,458 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Non-cash items - | |||
| Share-based plans expense | 212 | 202 | 202 |
| Depreciation and amortization | 2,271 | 2,114 | 2,047 |
| Investment/asset impairment charges, net | 443 | 93 | 113 |
| Customer financing valuation adjustments | 250 | (3) | 2 |
| Gain/(loss) on dispositions, net | (691) | (75) | (21) |
| Other charges and credits, net | 334 | 247 | 293 |
| Changes in assets and liabilities | |||
| Accounts receivable | 603 | (795) | (840) |
| Unbilled receivables | 982 | (1,826) | (1,600) |
| Advances and progress billings | 737 | 2,636 | 4,700 |
| Inventories | (12,391) | 568 | (1,403) |
| Other current assets | (682) | 98 | (19) |
| Accounts payable | 1,600 | 2 | 130 |
| Accrued liabilities | 7,781 | 1,117 | 335 |
| Income taxes receivable, payable and deferred | (2,476) | (180) | 656 |
| Other long-term liabilities | (621) | 87 | 94 |
| Pension and other postretirement plans | (777) | (153) | (582) |
| Customer financing, net | 419 | 120 | 1,041 |
| Other | 196 | 610 | (260) |
| Net cash (used)/provided by operating activities | (2,446) | 15,322 | 13,346 |
| Cash flows - investing activities: | |||
| Property, plant and equipment additions | (1,834) | (1,722) | (1,739) |
| Property, plant and equipment reductions | 334 | 120 | 92 |
| Acquisitions, net of cash acquired | (455) | (3,230) | (324) |
| Proceeds from Divestiture of Businesses | 464 | ||
| Contributions to investments | (1,658) | (2,607) | (3,569) |
| Proceeds from investments | 1,759 | 2,898 | 3,607 |
| Purchase of distribution rights | (127) | (69) | (131) |
| Other | (13) | (11) | 6 |
| Net cash used by investing activities | (1,530) | (4,621) | (2,058) |
| Cash flows - financing activities | |||
| New borrowings | 25,389 | 8,548 | 2,077 |
| Debt repayments | (12,171) | (7,183) | (953) |
| Contributions from noncontrolling interests | 7 | 35 | |
| Stock options exercised | 58 | 81 | 311 |
| Employee taxes on certain share-based payment arrangements | (248) | (257) | (132) |
| Common shares repurchased | (2,651) | (9,000) | (9,236) |
| Dividends paid | (4,630) | (3,946) | (3,417) |
| Proceeds from (Payments for) Other Financing Activities | (15) | ||
| Net cash provided/(used) by financing activities | 5,739 | (11,722) | (11,350) |
| Effect of exchange rate changes on cash and cash equivalents | (5) | (53) | 80 |
| Net increase/(decrease) in cash & cash equivalents, including restricted | 1,758 | (1,074) | 18 |
| Cash & cash equivalents, including restricted, at beginning of year | 7,813 | 8,887 | |
| Cash & cash equivalents, including restricted, at end of year | 9,571 | 7,813 | 8,887 |
| Less restricted cash & cash equivalents, included in Investments | (86) | (176) | (74) |
| Cash and cash equivalents at end of year | 9,485 | 7,637 | 8,813 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BOEING CO | ||
Ticker: BA Fiscal Year: 2019 | ||
Consolidated Statements Of Financial Position | ||
Period Ending Dec 31, 2019 10-K (Filed: Jan 31, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 9,485 | 7,637 |
| Short-term and other investments | 545 | 927 |
| Accounts receivable, net | 3,266 | 3,879 |
| Unbilled receivables, net | 9,043 | 10,025 |
| Current portion of customer financing, net | 162 | 460 |
| Inventories | 76,622 | 62,567 |
| Other current assets | 3,106 | 2,335 |
| Total current assets | 102,229 | 87,830 |
| Customer financing, net | 2,136 | 2,418 |
| Property, plant and equipment, net | 12,502 | 12,645 |
| Goodwill | 8,060 | 7,840 |
| Acquired intangible assets, net | 3,338 | 3,429 |
| Deferred income taxes | 683 | 284 |
| Investments | 1,092 | 1,087 |
| Other assets, net of accumulated amortization of $580 and $503 | 3,585 | 1,826 |
| Total assets | 133,625 | 117,359 |
| Liabilities and equity | ||
| Accounts payable | 15,553 | 12,916 |
| Accrued liabilities | 22,868 | 14,808 |
| Advances and progress billings | 51,551 | 50,676 |
| Short-term debt and current portion of long-term debt | 7,340 | 3,190 |
| Total current liabilities | 97,312 | 81,590 |
| Deferred income taxes | 413 | 1,736 |
| Accrued retiree health care | 4,540 | 4,584 |
| Accrued pension plan liability, net | 16,276 | 15,323 |
| Other long-term liabilities | 3,422 | 3,059 |
| Long-term debt | 19,962 | 10,657 |
| 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 | 6,745 | 6,768 |
| Treasury stock, at cost | (54,914) | (52,348) |
| Retained earnings | 50,644 | 55,941 |
| Accumulated other comprehensive loss | (16,153) | (15,083) |
| Total shareholders equity | (8,617) | 339 |
| Noncontrolling interests | 317 | 71 |
| Total equity | (8,300) | 410 |
| Total liabilities and equity | 133,625 | 117,359 |
| External Links | |
| BOEING CO (BA) Fiscal Year 2019 | |
| 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 |