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: 2014 | |||
Consolidated Statements Of Operations | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 12, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Sales of products | $ 80,688 | 76,792 | 71,234 |
| Sales of services | 10,074 | 9,831 | 10,464 |
| Total revenues | 90,762 | 86,623 | 81,698 |
| Cost of products | (68,551) | (65,640) | (60,309) |
| Cost of services | (8,132) | (7,553) | (8,247) |
| Boeing Capital interest expense | (69) | (75) | (109) |
| Total costs and expenses | (76,752) | (73,268) | (68,665) |
| Gross profit | 14,010 | 13,355 | 13,033 |
| Income from operating investments, net | 287 | 214 | 268 |
| General and administrative expense | (3,767) | (3,956) | (3,717) |
| Research and development expense, net | (3,047) | (3,071) | (3,298) |
| (Loss)/gain on dispositions, net | (10) | 20 | 4 |
| Earnings from operations | 7,473 | 6,562 | 6,290 |
| Other (loss)/income, net | (3) | 56 | 62 |
| Interest and debt expense | (333) | (386) | (442) |
| Earnings before income taxes | 7,137 | 6,232 | 5,910 |
| Income tax expense | (1,691) | (1,646) | (2,007) |
| Net earnings from continuing operations | 5,446 | 4,586 | 3,903 |
| Net loss on disposal of discontinued operations, net of taxes of $0, $0, and $2 | (1) | (3) | |
| Net earnings | 5,446 | 4,585 | 3,900 |
| Basic earnings per share from continuing operations | 7.47 | 6.03 | 5.15 |
| Net loss on disposal of discontinued operations, net of taxes | |||
| Basic earnings per share | 7.47 | 6.03 | 5.15 |
| Diluted earnings per share from continuing operations | 7.38 | 5.96 | 5.11 |
| Net loss on disposal of discontinued operations, net of taxes | |||
| Diluted earnings per share | 7.38 | 5.96 | 5.11 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 12, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net earnings | $ 5,446 | 4,585 | 3,900 |
| Currency translation adjustments | (97) | (64) | 17 |
| Unrealized (loss)/gain on derivative instruments: | |||
| Unrealized (loss)/gain arising during period, net of tax of $77, $42, and ($13) | (137) | (75) | 25 |
| Reclassification adjustment for loss/(gain) included in net earnings, net of tax of ($4), $9, and $3 | 7 | (17) | (5) |
| Total unrealized (loss)/gain on derivative instruments, net of tax | (130) | (92) | 20 |
| Defined benefit pension plans & other postretirement benefits: | |||
| Net actuarial (loss)/gain arising during the period, net of tax of $2,588, ($3,437), and $1,382 | (4,612) | 6,143 | (2,401) |
| Amortization of actuarial losses included in net periodic pension cost, net of tax of ($367), ($849), and ($752) | 661 | 1,516 | 1,304 |
| Settlements and curtailments included in net income, net of tax of ($101), ($33), and ($9) | 180 | 59 | 15 |
| Pension and postretirement (cost)/benefit related to our equity method investments, net of tax $15, ($13), and ($74) | (27) | 24 | 127 |
| Amortization of prior service cost included in net periodic pension cost, net of tax of ($12), ($6), and ($10) | 21 | 10 | 18 |
| Prior service cost arising during the period, net of tax of $3, $41, and $9 | (5) | (74) | (16) |
| Total defined benefit pension plans & other postretirement benefits, net of tax | (3,782) | 7,678 | (953) |
| Other comprehensive (loss)/income, net of tax | (4,009) | 7,522 | (916) |
| Comprehensive income related to noncontrolling interests | 10 | 9 | 3 |
| Comprehensive income, net of tax | 1,447 | 12,116 | 2,987 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2014 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 12, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows - operation activities: | |||
| Net earnings | $ 5,446 | 4,585 | 3,900 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Non-cash items - | |||
| Share-based plans expense | 195 | 206 | 193 |
| Depreciation and amortization | 1,906 | 1,844 | 1,811 |
| Investment/asset impairment charges, net | 229 | 96 | 84 |
| Customer financing valuation benefit | (28) | (11) | (10) |
| Loss on disposal of discontinued operations | 1 | 5 | |
| Loss/(gain) on dispositions, net | 10 | (20) | (4) |
| Other charges and credits, net | 317 | 528 | 694 |
| Excess tax benefits from share-based payment arrangements | (114) | (128) | (45) |
| Changes in assets and liabilities | |||
| Accounts receivable | (1,328) | (879) | (27) |
| Inventories, net of advances and progress billings | (4,330) | (5,562) | (5,681) |
| Accounts payable | 1,339 | (298) | 1,199 |
| Accrued liabilities | (1,088) | 883 | 801 |
| Advances and billings in excess of related costs | 3,145 | 3,353 | 1,177 |
| Income taxes receivable, payable and deferred | 1,325 | 1,445 | 1,605 |
| Other long-term liabilities | 36 | 2 | 157 |
| Pension and other postretirement plans | 1,186 | 1,720 | 1,288 |
| Customer financing, net | 578 | 391 | 407 |
| Other | 34 | 23 | (46) |
| Net cash provided by operating activities | 8,858 | 8,179 | 7,508 |
| Cash flows - investing activities: | |||
| Property, plant and equipment additions | (2,236) | (2,098) | (1,703) |
| Property, plant and equipment reductions | 34 | 51 | 97 |
| Acquisitions, net of cash acquired | (163) | (26) | (124) |
| Contributions to investments | (8,617) | (15,394) | (12,921) |
| Proceeds from investments | 13,416 | 12,453 | 10,901 |
| Purchase of distribution rights | (140) | (7) | |
| Other | 33 | ||
| Net cash provided/(used) by investing activities | 2,467 | (5,154) | (3,757) |
| Cash flows - financing activities | |||
| New borrowings | 962 | 571 | 60 |
| Debt repayments | (1,601) | (1,434) | (2,076) |
| Payments to noncontrolling interest | (12) | ||
| Repayments of distribution rights and other asset financing | (185) | (280) | (228) |
| Stock options exercised | 343 | 1,097 | 120 |
| Excess tax benefits from share-based payment arrangements | 114 | 128 | 45 |
| Employee taxes on certain share-based payment arrangements | (98) | (63) | (76) |
| Common shares repurchased | (6,001) | (2,801) | |
| Dividends paid | (2,115) | (1,467) | (1,322) |
| Net cash used by financing activities | (8,593) | (4,249) | (3,477) |
| Effect of exchange rate changes on cash and cash equivalents | (87) | (29) | 18 |
| Net increase/(decrease) in cash and cash equivalents | 2,645 | (1,253) | 292 |
| Cash and cash equivalents at beginning of year | 9,088 | 10,341 | |
| Cash and cash equivalents at end of year | 11,733 | 9,088 | 10,341 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BOEING CO | ||
Ticker: BA Fiscal Year: 2014 | ||
Consolidated Statements Of Financial Position | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 12, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and cash equivalents | $ 11,733 | 9,088 |
| Short-term and other investments | 1,359 | 6,170 |
| Accounts receivable, net | 7,729 | 6,546 |
| Current portion of customer financing, net | 190 | 344 |
| Deferred income taxes | 18 | 14 |
| Inventories, net of advances and progress billings | 46,756 | 42,912 |
| Total current assets | 67,785 | 65,074 |
| Customer financing, net | 3,371 | 3,627 |
| Property, plant and equipment, net | 11,007 | 10,224 |
| Goodwill | 5,119 | 5,043 |
| Acquired intangible assets, net | 2,869 | 3,052 |
| Deferred income taxes | 6,576 | 2,939 |
| Investments | 1,154 | 1,204 |
| Other assets, net of accumulated amortization of $479 and $448 | 1,317 | 1,500 |
| Total assets | 99,198 | 92,663 |
| Liabilities and equity | ||
| Accounts payable | 10,667 | 9,498 |
| Accrued liabilities | 13,343 | 14,131 |
| Advances and billings in excess of related costs | 23,175 | 20,027 |
| Deferred income taxes and income taxes payable | 8,603 | 6,267 |
| Short-term debt and current portion of long-term debt | 929 | 1,563 |
| Total current liabilities | 56,717 | 51,486 |
| Accrued retiree health care | 6,802 | 6,528 |
| Accrued pension plan liability, net | 17,182 | 10,474 |
| Non-current income taxes payable | 358 | 156 |
| Other long-term liabilities | 1,208 | 950 |
| Long-term debt | 8,141 | 8,072 |
| 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 | 4,625 | 4,415 |
| Treasury stock, at cost | (23,298) | (17,671) |
| Retained earnings | 36,180 | 32,964 |
| Accumulated other comprehensive loss | (13,903) | (9,894) [1] |
| Total shareholders equity | 8,665 | 14,875 |
| Noncontrolling interests | 125 | 122 |
| Total equity | 8,790 | 14,997 |
| Total liabilities and equity | 99,198 | 92,663 |
| [1] Net of tax. | ||
| External Links | |
| BOEING CO (BA) Fiscal Year 2014 | |
| 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 |