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: 2020 | |||
Consolidated Statements Of Operations | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 1, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Total revenues | $ 58,158 | 76,559 | 101,127 |
| Boeing Capital interest expense | (43) | (62) | (69) |
| Total costs and expenses | (63,843) | (72,093) | (81,490) |
| Gross profit | (5,685) | 4,466 | 19,637 |
| Income/(loss) from operating investments, net | 9 | (4) | 111 |
| General and administrative expense | (4,817) | (3,909) | (4,567) |
| Research and development expense, net | (2,476) | (3,219) | (3,269) |
| Gain/(loss) on dispositions, net | 202 | 691 | 75 |
| (Loss)/earnings from operations | (12,767) | (1,975) | 11,987 |
| Other income, net | 447 | 438 | 92 |
| Interest and debt expense | (2,156) | (722) | (475) |
| (Loss)/earnings before income taxes | (14,476) | (2,259) | 11,604 |
| Income tax benefit/(expense) | 2,535 | 1,623 | (1,144) |
| Basic (loss)/earnings per share | (20.88) | (1.12) | 18.05 |
| Diluted earnings per share | (20.88) | (1.12) | 17.85 |
| Net (loss)/earnings | (11,941) | (636) | 10,460 |
| Net Income (Loss) Attributable to Noncontrolling Interest | (68) | ||
| Net (loss)/earnings attributable to Boeing Shareholders | (11,873) | (636) | 10,460 |
| Product and Service | |||
| Product | |||
| Total revenues | 47,142 | 66,094 | 90,229 |
| Cost of Goods and Services Sold | (54,568) | (62,877) | (72,922) |
| Service | |||
| Total revenues | 11,016 | 10,465 | 10,898 |
| Cost of Goods and Services Sold | (9,232) | (9,154) | (8,499) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 1, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net (loss)/earnings | $ (11,941) | (636) | 10,460 |
| Currency translation adjustments | 98 | (27) | (86) |
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax of ($1), $1, and ($5) | 1 | 2 | |
| Derivative instruments: | |||
| Unrealized gain/(loss) arising during period, net of tax of ($4), $13, and $40 | 14 | (48) | (146) |
| Reclassification adjustment for loss included in net earnings, net of tax of ($7), ($7), and ($8) | 27 | 26 | 30 |
| Total unrealized gain/(loss) on derivative instruments, net of tax | 41 | (22) | (116) |
| Defined benefit pension plans & other postretirement benefits: | |||
| Net actuarial (loss)/gain arising during the period, net of tax of $111, $405, and ($105) | (1,956) | (1,413) | 384 |
| Amortization of actuarial losses included in net periodic pension cost, net of tax of ($52), ($133), and ($242) | 917 | 464 | 878 |
| Settlements and curtailments included in net income, net of tax of $0, $0, and ($2) | 5 | 8 | |
| Pension and postretirement benefit related to our equity method investments, net of tax $0, ($5), and ($6) | 17 | 22 | |
| Amortization of prior service credits included in net periodic pension cost, net of tax of $6, $25, and $39 | (112) | (89) | (143) |
| Prior service cost/(credit) arising during the period, net of tax of ($2), $0, and ($94) | 27 | (1) | 341 |
| Total defined benefit pension plans & other postretirement benefits, net of tax | (1,119) | (1,022) | 1,490 |
| Other comprehensive (loss)/income, net of tax | (980) | (1,070) | 1,290 |
| Comprehensive loss related to noncontrolling interests | (68) | (41) | (21) |
| Comprehensive (loss)/income, net of tax | (12,921) | (1,747) | 11,729 |
| Comprehensive (loss)/income attributable to Boeing Shareholders, net of tax | (12,853) | (1,706) | 11,750 |
| Other Comprehensive Income (Loss), Tax [Abstract] | |||
| Unrealized gain on certain investments, tax | 0 | 0 | (1) |
| Unrealized loss arising during period, tax | (4) | 13 | 40 |
| Reclassification adjustment for loss/(gain) included in net earnings, tax | (7) | (7) | (8) |
| Net actuarial gain/(loss) arising during the period, tax | 111 | 405 | (105) |
| Amortization of actuarial losses included in net periodic pension cost, tax | (52) | (133) | (242) |
| Settlements and curtailments included in net income, tax | 0 | 0 | (2) |
| Pension and post retirement benefits related to our equity method investments, tax | 0 | (5) | (6) |
| Amortization of prior service cost included in net periodic pension cost, tax | 6 | 25 | 39 |
| Prior service cost arising during the period, tax | (2) | 0 | (94) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 1, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows - operation activities: | |||
| Net (loss)/earnings | $ (11,941) | (636) | 10,460 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Non-cash items - | |||
| Share-based plans expense | 250 | 212 | 202 |
| Treasury shares issued for 401(k) contribution | 195 | ||
| Depreciation and amortization | 2,246 | 2,271 | 2,114 |
| Investment/asset impairment charges, net | 410 | 443 | 93 |
| Customer financing valuation adjustments | 12 | 250 | (3) |
| Gain/(loss) on dispositions, net | (202) | (691) | (75) |
| 777X reach-forward loss | 942 | 111 | 190 |
| Other charges and credits, net | 1,462 | 334 | 247 |
| Changes in assets and liabilities | |||
| Accounts receivable | 909 | 603 | (795) |
| Unbilled receivables | 919 | 982 | (1,826) |
| Advances and progress billings | (1,060) | 737 | 2,636 |
| Inventories | (11,002) | (12,391) | 568 |
| Other current assets | 372 | (682) | 98 |
| Accounts payable | (5,363) | 1,600 | 2 |
| Accrued liabilities | 1,074 | 7,781 | 1,117 |
| Income taxes receivable, payable and deferred | (2,576) | (2,476) | (180) |
| Other long-term liabilities | (222) | (621) | 87 |
| Pension and other postretirement plans | (794) | (777) | (153) |
| Customer financing, net | 173 | 419 | 120 |
| Other | 235 | 196 | 610 |
| Net cash (used)/provided by operating activities | (18,410) | (2,446) | 15,322 |
| Cash flows - investing activities: | |||
| Property, plant and equipment additions | (1,303) | (1,834) | (1,722) |
| Property, plant and equipment reductions | 296 | 334 | 120 |
| Acquisitions, net of cash acquired | (455) | (3,230) | |
| Proceeds from dispositions | 464 | ||
| Contributions to investments | (37,616) | (1,658) | (2,607) |
| Proceeds from investments | 20,275 | 1,759 | 2,898 |
| Purchase of distribution rights | 127 | 69 | |
| Other | (18) | (13) | (11) |
| Net cash used by investing activities | (18,366) | (1,530) | (4,621) |
| Cash flows - financing activities | |||
| New borrowings | 47,248 | 25,389 | 8,548 |
| Debt repayments | (10,998) | (12,171) | (7,183) |
| Contributions from noncontrolling interests | 7 | 35 | |
| Stock options exercised | 36 | 58 | 81 |
| Employee taxes on certain share-based payment arrangements | (173) | (248) | (257) |
| Common shares repurchased | (2,651) | (9,000) | |
| Dividends paid | (1,158) | (4,630) | (3,946) |
| Other | (15) | ||
| Net Cash Provided by (Used in) Financing Activities, Total | 34,955 | 5,739 | (11,722) |
| Effect of exchange rate changes on cash and cash equivalents | 85 | (5) | (53) |
| Net (decrease)/increase in cash & cash equivalents, including restricted | (1,736) | 1,758 | (1,074) |
| Cash & cash equivalents, including restricted, at beginning of year | 9,571 | 7,813 | |
| Cash & cash equivalents, including restricted, at end of year | 7,835 | 9,571 | 7,813 |
| Less restricted cash & cash equivalents, included in Investments | (83) [1] | (86) | (176) |
| Cash and cash equivalents at end of year | 7,752 | 9,485 | 7,637 |
| Aircraft Type | |||
| Airplane Program 777x | |||
| 777X reach-forward loss | 6,493 | ||
| [1] Reflects amounts restricted in support of our workers compensation programs, employee benefit programs, and insurance premiums.Allowance for losses on available for sale debt instruments are assessed quarterly. All instruments are considered investment grade and, as such, we have not recognized an allowance for credit losses as of December 31, 2020. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BOEING CO | ||
Ticker: BA Fiscal Year: 2020 | ||
Consolidated Statements Of Financial Position | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 1, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Other assets, accumulated amortization | $ 729 | 580 |
| Cash and cash equivalents | 7,752 | 9,485 |
| Short-term and other investments | 17,838 | 545 |
| Accounts receivable, net | 1,955 | 3,266 |
| Unbilled receivables, net | 7,995 | 9,043 |
| Current portion of customer financing, net | 101 | 162 |
| Inventories | 81,715 | 76,622 |
| Other current assets | 4,286 | 3,106 |
| Total current assets | 121,642 | 102,229 |
| Customer financing, net | 1,936 | 2,136 |
| Property, plant and equipment, net | 11,820 | 12,502 |
| Goodwill | 8,081 | 8,060 |
| Acquired intangible assets, net | 2,843 | 3,338 |
| Deferred income taxes | 86 | 683 |
| Investments | 1,016 | 1,092 |
| Other Assets, Noncurrent | 4,712 | 3,585 |
| Total assets | 152,136 | 133,625 |
| Liabilities and equity | ||
| Accounts payable | 12,928 | 15,553 |
| Accrued liabilities | 22,171 | 22,868 |
| Advances and progress billings | 50,488 | 51,551 |
| Short-term debt and current portion of long-term debt | 1,693 | 7,340 |
| Total current liabilities | 87,280 | 97,312 |
| Deferred income taxes | 1,010 | 413 |
| Accrued retiree health care | 4,137 | 4,540 |
| Accrued pension plan liability, net | 14,408 | 16,276 |
| Other long-term liabilities | 1,486 | 3,422 |
| Long-term debt | 61,890 | 19,962 |
| Shareholders' equity: | ||
| Common stock, par value | 5 | 5 |
| Common stock, authorized | 1,200,000,000 | 1,200,000,000 |
| Common stock, shares issued | 1,012,261,159 | 1,012,261,159 |
| Common Stock, Value, Issued | 5,061 | 5,061 |
| Additional paid-in capital | 7,787 | 6,745 |
| Treasury stock, at cost | (52,641) | (54,914) |
| Retained earnings | 38,610 | 50,644 |
| Accumulated other comprehensive loss | (17,133) | (16,153) |
| Total shareholders deficit | (18,316) | (8,617) |
| Noncontrolling interests | 241 | 317 |
| Total equity | (18,075) | (8,300) |
| Total liabilities and equity | 152,136 | 133,625 |
| Liabilities | 170,211 | 141,925 |
| External Links | |
| BOEING CO (BA) Fiscal Year 2020 | |
| 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 |