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: 2022 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Total revenues | $ 66,608 | 62,286 | 58,158 |
| Boeing Capital interest expense | (28) | (32) | (43) |
| Total costs and expenses | (63,106) | (59,269) | (63,843) |
| Gross profit | 3,502 | 3,017 | (5,685) |
| (Loss)/income from operating investments, net | (16) | 210 | 9 |
| General and administrative expense | (4,187) | (4,157) | (4,817) |
| Research and development expense, net | (2,852) | (2,249) | (2,476) |
| Gain on dispositions, net | 6 | 277 | 202 |
| Loss from operations | (3,547) | (2,902) | (12,767) |
| Other income, net | 1,058 | 551 | 447 |
| Interest and debt expense | (2,533) | (2,682) | (2,156) |
| Loss before income taxes | (5,022) | (5,033) | (14,476) |
| Income tax (expense)/benefit | (31) | 743 | 2,535 |
| Net loss | (5,053) | (4,290) | (11,941) |
| Less: net loss attributable to noncontrolling interest | (118) | (88) | (68) |
| Net loss attributable to Boeing Shareholders | (4,935) | (4,202) | (11,873) |
| Basic loss per share (in dollars per share) | (8.30) | (7.15) | (20.88) |
| Diluted loss per share (in dollars per share) | (8.30) | (7.15) | (20.88) |
| Product and Service | |||
| Sales of products | |||
| Total revenues | 55,893 | 51,386 | 47,142 |
| Cost of goods and services sold | (53,969) | (49,954) | (54,568) |
| Sales of services | |||
| Total revenues | 10,715 | 10,900 | 11,016 |
| Cost of goods and services sold | (9,109) | (9,283) | (9,232) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net loss | $ (5,053) | (4,290) | (11,941) |
| Other comprehensive income/(loss), net of tax: | |||
| Currency translation adjustments | (62) | (75) | 98 |
| Unrealized loss on certain investments, net of tax of $0, $0 and $0 | (1) | ||
| Derivative instruments: | |||
| Unrealized (loss)/gain arising during period, net of tax of $12, ($16) and ($4) | (40) | 55 | 14 |
| Reclassification adjustment for loss/(gain) included in net earnings, net of tax of ($3), $2 and ($7) | 10 | (6) | 27 |
| Total unrealized (loss)/gain on derivative instruments, net of tax | (30) | 49 | 41 |
| Defined benefit pension plans & other postretirement benefits: | |||
| Net actuarial gain/(loss) arising during the period, net of tax of ($22), ($32) and $111 | 1,533 | 4,262 | (1,956) |
| Amortization of actuarial loss included in net periodic pension cost, net of tax of ($11), ($8) and ($52) | 791 | 1,155 | 917 |
| Settlements included in net (loss)/income, net of tax of $0, ($2) and $0 | (4) | 191 | 5 |
| Amortization of prior service credits included in net periodic pension cost, net of tax of $2, $1 and $6 | (114) | (114) | (112) |
| Prior service (credit)/cost arising during the period, net of tax of $0, $0 and ($2) | (1) | 27 | |
| Pension and postretirement (cost)/benefit related to our equity method investments, net of tax of $0, ($2) and $0 | (3) | 6 | |
| Total defined benefit pension plans & other postretirement benefits, net of tax | 2,202 | 5,500 | (1,119) |
| Other comprehensive income/(loss), net of tax | 2,109 | 5,474 | (980) |
| Comprehensive (loss)/income, net of tax | (2,944) | 1,184 | (12,921) |
| Comprehensive loss related to noncontrolling interests | (118) | (88) | (68) |
| Comprehensive (loss)/income attributable to Boeing Shareholders, net of tax | (2,826) | 1,272 | (12,853) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows operating activities: | |||
| Net loss | $ (5,053) | (4,290) | (11,941) |
| Adjustments to reconcile net loss to net cash used by operating activities: | |||
| Non-cash items | |||
| Share-based plans expense | 725 | 833 | 250 |
| Treasury shares issued for 401(k) contribution | 1,215 | 1,233 | 195 |
| Depreciation and amortization | 1,979 | 2,144 | 2,246 |
| Investment/asset impairment charges, net | 112 | 98 | 410 |
| Customer financing valuation adjustments | 37 | 12 | |
| Gain on dispositions, net | (6) | (277) | (202) |
| 787 and 777X reach-forward losses | 3,460 | 6,493 | |
| Other charges and credits, net | 364 | 360 | 1,462 |
| Changes in assets and liabilities | |||
| Accounts receivable | 142 | (713) | 909 |
| Unbilled receivables | 6 | (586) | 919 |
| Advances and progress billings | 108 | 2,505 | (1,060) |
| Inventories | 420 | (1,127) | (11,002) |
| Other current assets | (591) | 345 | 372 |
| Accounts payable | 838 | (3,783) | (5,363) |
| Accrued liabilities | 2,956 | (3,687) | 1,074 |
| Income taxes receivable, payable and deferred | 1,347 | 733 | (2,576) |
| Other long-term liabilities | (158) | (206) | (222) |
| Pension and other postretirement plans | (1,378) | (972) | (794) |
| Customer financing, net | 142 | 210 | 173 |
| Other | 307 | 304 | 235 |
| Net cash provided/(used) by operating activities | 3,512 | (3,416) | (18,410) |
| Cash flows investing activities: | |||
| Payments to acquire property, plant and equipment | (1,222) | (980) | (1,303) |
| Proceeds from disposals of property, plant and equipment | 35 | 529 | 296 |
| Acquisitions, net of cash acquired | (6) | ||
| Contributions to investments | (5,051) | (35,713) | (37,616) |
| Proceeds from investments | 10,619 | 45,489 | 20,275 |
| Other | (11) | 5 | (18) |
| Net cash provided/(used) by investing activities | 4,370 | 9,324 | (18,366) |
| Cash flows financing activities: | |||
| New borrowings | 34 | 9,795 | 47,248 |
| Debt repayments | (1,310) | (15,371) | (10,998) |
| Stock options exercised | 50 | 42 | 36 |
| Employee taxes on certain share-based payment arrangements | (40) | (66) | (173) |
| Dividends paid | (1,158) | ||
| Net cash (used)/provided by financing activities | (1,266) | (5,600) | 34,955 |
| Effect of exchange rate changes on cash and cash equivalents | (73) | (39) | 85 |
| Net increase/(decrease) in cash & cash equivalents, including restricted | 6,543 | 269 | (1,736) |
| Cash & cash equivalents, including restricted, at beginning of year | 8,104 | 7,835 | |
| Cash & cash equivalents, including restricted, at end of year | 14,647 | 8,104 | 7,835 |
| Less restricted cash & cash equivalents, included in Investments | 33 | 52 | 83 |
| Cash and cash equivalents | 14,614 | 8,052 | 7,752 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BOEING CO | ||
Ticker: BA Fiscal Year: 2022 | ||
Consolidated Statements of Financial Position | ||
Period Ending Dec 31, 2022 10-K (Filed: Jan 27, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 14,614 | 8,052 |
| Short-term and other investments | 2,606 | 8,192 |
| Accounts receivable, net | 2,517 | 2,641 |
| Unbilled receivables, net | 8,634 | 8,620 |
| Current portion of customer financing, net | 154 | 117 |
| Inventories | 78,151 | 78,823 |
| Other current assets, net | 2,847 | 2,221 |
| Total current assets | 109,523 | 108,666 |
| Customer financing, net | 1,450 | 1,695 |
| Property, plant and equipment, net | 10,550 | 10,918 |
| Goodwill | 8,057 | 8,068 |
| Acquired intangible assets, net | 2,311 | 2,562 |
| Deferred income taxes | 63 | 77 |
| Investments | 983 | 975 |
| Other assets, net of accumulated amortization of $949 and $975 | 4,163 | 5,591 |
| Total assets | 137,100 | 138,552 |
| Liabilities and equity | ||
| Accounts payable | 10,200 | 9,261 |
| Accrued liabilities | 21,581 | 18,455 |
| Advances and progress billings | 53,081 | 52,980 |
| Short-term debt and current portion of long-term debt | 5,190 | 1,296 |
| Total current liabilities | 90,052 | 81,992 |
| Deferred income taxes | 230 | 218 |
| Accrued retiree health care | 2,503 | 3,528 |
| Accrued pension plan liability, net | 6,141 | 9,104 |
| Other long-term liabilities | 2,211 | 1,750 |
| Long-term debt | 51,811 | 56,806 |
| Total liabilities | 152,948 | 153,398 |
| 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 | 9,947 | 9,052 |
| Treasury stock, at cost | (50,814) | (51,861) |
| Retained earnings | 29,473 | 34,408 |
| Accumulated other comprehensive loss | (9,550) | (11,659) |
| Total shareholders deficit | (15,883) | (14,999) |
| Noncontrolling interests | 35 | 153 |
| Total equity | (15,848) | (14,846) |
| Total liabilities and equity | 137,100 | 138,552 |
| External Links | |
| BOEING CO (BA) Fiscal Year 2022 | |
| 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 |