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: 2021 | |||
Consolidated Statements Of Operations | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 31, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Total revenues | $ 62,286 | 58,158 | 76,559 |
| Boeing Capital interest expense | (32) | (43) | (62) |
| Total costs and expenses | (59,269) | (63,843) | (72,093) |
| Gross profit | 3,017 | (5,685) | 4,466 |
| Income/(loss) from operating investments, net | 210 | 9 | (4) |
| General and administrative expense | (4,157) | (4,817) | (3,909) |
| Research and development expense, net | (2,249) | (2,476) | (3,219) |
| Gain/(loss) on dispositions, net | 277 | 202 | 691 |
| Loss from operations | (2,902) | (12,767) | (1,975) |
| Other income, net | 551 | 447 | 438 |
| Interest and debt expense | (2,682) | (2,156) | (722) |
| Loss before income taxes | (5,033) | (14,476) | (2,259) |
| Income tax benefit | 743 | 2,535 | 1,623 |
| Net loss | (4,290) | (11,941) | (636) |
| Net Income (Loss) Attributable to Noncontrolling Interest | (88) | (68) | |
| Net loss attributable to Boeing Shareholders | (4,202) | (11,873) | (636) |
| Basic loss per share | (7.15) | (20.88) | (1.12) |
| Diluted earnings per share | (7.15) | (20.88) | (1.12) |
| Product and Service | |||
| Product | |||
| Total revenues | 51,386 | 47,142 | 66,094 |
| Cost of Goods and Services Sold | (49,954) | (54,568) | (62,877) |
| Service | |||
| Total revenues | 10,900 | 11,016 | 10,465 |
| Cost of Goods and Services Sold | (9,283) | (9,232) | (9,154) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 31, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net loss | $ (4,290) | (11,941) | (636) |
| Currency translation adjustments | (75) | 98 | (27) |
| Unrealized gain on certain investments, net of tax of $0, $0 and $0 | 1 | ||
| Unrealized gain on certain investments, tax | 0 | 0 | 0 |
| Derivative instruments: | |||
| Unrealized gain/(loss) arising during period, net of tax of ($16), ($4) and $13 | 55 | 14 | (48) |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax | (16) | (4) | 13 |
| Reclassification adjustment for (gain)/loss included in net earnings, net of tax of $2, ($7) and ($7) | 6 | (27) | (26) |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | 2 | (7) | (7) |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total | 49 | 41 | (22) |
| Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax [Abstract] | |||
| Net actuarial gain/(loss) arising during the period, net of tax of ($32), $111 and $405 | 4,262 | (1,956) | (1,413) |
| Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax | (32) | 111 | 405 |
| Amortization of actuarial losses included in net periodic pension cost, net of tax of ($8), ($52) and ($133) | 1,155 | 917 | 464 |
| Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax | (8) | (52) | (133) |
| Settlements included in net income, net of tax of ($2), $0 and $0 | 191 | 5 | |
| Other Comprehensive Income, Settlements and curtailments included in net income, tax | (2) | 0 | 0 |
| Amortization of prior service credits included in net periodic pension cost, net of tax of $1, $6 and $25 | (114) | (112) | (89) |
| Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax | 1 | 6 | 25 |
| Prior service cost/(credit) arising during the period, net of tax of $0, ($2) and $0 | 27 | (1) | |
| Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Tax | 0 | (2) | 0 |
| Pension and postretirement benefits related to equity method investments, net of tax | 6 | 17 | |
| Pension and post retirement benefits related to our equity method investments, tax | (2) | 0 | (5) |
| Total defined benefit pension plans & other postretirement benefits, net of tax | 5,500 | (1,119) | (1,022) |
| Other comprehensive income/(loss), net of tax | 5,474 | (980) | (1,070) |
| Comprehensive loss related to noncontrolling interests | (88) | (68) | (41) |
| Comprehensive income/(loss), net of tax | 1,184 | (12,921) | (1,747) |
| Comprehensive income/(loss) attributable to Boeing Shareholders, net of tax | 1,272 | (12,853) | (1,706) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOEING CO | |||
Ticker: BA Fiscal Year: 2021 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 31, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows - operation activities: | |||
| Net loss | $ (4,290) | (11,941) | (636) |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Non-cash items - | |||
| Share-based plans expense | 833 | 250 | 212 |
| Treasury shares issued for 401(k) contribution | 1,233 | 195 | |
| Depreciation and amortization | 2,144 | 2,246 | 2,271 |
| Investment/asset impairment charges, net | 98 | 410 | 443 |
| Customer financing valuation adjustments | 12 | 250 | |
| Gain/(loss) on dispositions, net | (277) | (202) | (691) |
| 787 and 777X reach-forward losses | 3,460 | 6,493 | |
| Other charges and credits, net | 360 | 1,462 | 334 |
| Changes in assets and liabilities | |||
| Accounts receivable | (713) | 909 | 603 |
| Unbilled receivables | (586) | 919 | 982 |
| Advances and progress billings | 2,505 | (1,060) | 737 |
| Inventories | (1,127) | (11,002) | (12,391) |
| Other current assets | 345 | 372 | (682) |
| Accounts payable | (3,783) | (5,363) | 1,600 |
| Accrued liabilities | (3,687) | 1,074 | 7,781 |
| Income taxes receivable, payable and deferred | 733 | (2,576) | (2,476) |
| Other long-term liabilities | (206) | (222) | (621) |
| Pension and other postretirement plans | (972) | (794) | (777) |
| Customer financing, net | 210 | 173 | 419 |
| Other | 304 | 235 | 196 |
| Net cash used by operating activities | (3,416) | (18,410) | (2,446) |
| Cash flows - investing activities: | |||
| Property, plant and equipment additions | (980) | (1,303) | (1,834) |
| Proceeds from disposals of property, plant and equipment | 529 | 296 | 334 |
| Acquisitions, net of cash acquired | (6) | (455) | |
| Proceeds from dispositions | 464 | ||
| Contributions to investments | (35,713) | (37,616) | (1,658) |
| Proceeds from investments | 45,489 | 20,275 | 1,759 |
| Purchase of distribution rights | 127 | ||
| Other | 5 | (18) | (13) |
| Net cash provided/(used) by investing activities | 9,324 | (18,366) | (1,530) |
| Cash flows - financing activities | |||
| New borrowings | 9,795 | 47,248 | 25,389 |
| Debt repayments | (15,371) | (10,998) | (12,171) |
| Contributions from noncontrolling interests | 7 | ||
| Stock options exercised | 42 | 36 | 58 |
| Employee taxes on certain share-based payment arrangements | (66) | (173) | (248) |
| Common shares repurchased | (2,651) | ||
| Dividends paid | (1,158) | (4,630) | |
| Other | (15) | ||
| Net Cash Provided by (Used in) Financing Activities, Total | (5,600) | 34,955 | 5,739 |
| Effect of exchange rate changes on cash and cash equivalents | (39) | 85 | (5) |
| Net increase/(decrease) in cash & cash equivalents, including restricted | 269 | (1,736) | 1,758 |
| Cash & cash equivalents, including restricted, at beginning of year | 7,835 | 9,571 | |
| Cash & cash equivalents, including restricted, at end of year | 8,104 | 7,835 | 9,571 |
| Less restricted cash & cash equivalents, included in Investments | (52) | (83) [1] | (86) |
| Cash and cash equivalents at end of year | 8,052 | 7,752 | 9,485 |
| [1] Reflects amounts restricted in support of our property sales, workers compensation 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, 2021. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BOEING CO | ||
Ticker: BA Fiscal Year: 2021 | ||
Consolidated Statements Of Financial Position | ||
Period Ending Dec 31, 2021 10-K (Filed: Jan 31, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 8,052 | 7,752 |
| Short-term and other investments | 8,192 | 17,838 |
| Accounts receivable, net | 2,641 | 1,955 |
| Unbilled receivables, net | 8,620 | 7,995 |
| Current portion of customer financing, net | 117 | 101 |
| Inventories | 78,823 | 81,715 |
| Other current assets | 2,221 | 4,286 |
| Total current assets | 108,666 | 121,642 |
| Customer financing, net | 1,695 | 1,936 |
| Property, plant and equipment, net | 10,918 | 11,820 |
| Goodwill | 8,068 | 8,081 |
| Acquired intangible assets, net | 2,562 | 2,843 |
| Deferred income taxes | 77 | 86 |
| Investments | 975 | 1,016 |
| Other Assets, Noncurrent | 5,591 | 4,712 |
| Capitalized Computer Software, Accumulated Amortization | 975 | 729 |
| Total assets | 138,552 | 152,136 |
| Liabilities and equity | ||
| Accounts payable | 9,261 | 12,928 |
| Accrued liabilities | 18,455 | 22,171 |
| Advances and progress billings | 52,980 | 50,488 |
| Short-term debt and current portion of long-term debt | 1,296 | 1,693 |
| Total current liabilities | 81,992 | 87,280 |
| Deferred income taxes | 218 | 1,010 |
| Accrued retiree health care | 3,528 | 4,137 |
| Accrued pension plan liability, net | 9,104 | 14,408 |
| Other long-term liabilities | 1,750 | 1,486 |
| Long-term debt | 56,806 | 61,890 |
| Liabilities | 153,398 | 170,211 |
| Shareholders' equity: | ||
| Common Stock, Value, Issued | 5,061 | 5,061 |
| Common Stock, Par or Stated Value Per Share | 5.00 | 5.00 |
| Common Stock, Shares Authorized | 1,200,000,000 | 1,200,000,000 |
| Common Stock, Shares, Issued | 1,012,261,159 | 1,012,261,159 |
| Additional paid-in capital | 9,052 | 7,787 |
| Treasury stock, at cost | (51,861) | (52,641) |
| Retained earnings | 34,408 | 38,610 |
| Accumulated other comprehensive loss | (11,659) | (17,133) |
| Total shareholders deficit | (14,999) | (18,316) |
| Noncontrolling interests | 153 | 241 |
| Total equity | (14,846) | (18,075) |
| Total liabilities and equity | 138,552 | 152,136 |
| External Links | |
| BOEING CO (BA) Fiscal Year 2021 | |
| 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 |