Boeing is among the largest global aerospace manufacturers; it is the second-largest defense contractor in the world based on 2018 revenue, and is the largest exporter in the United States by dollar value. For the last three years Boeing has been the second-largest defense contractor to the U.S. government (. A paid subscription is required for full access. We are progressing toward the safe return to service of the 737 MAX, and we are driving safety, quality and operational excellence into all that we do every day. Table 6. Global Services first-quarter revenue was $4.6 billion, reflecting higher government services volume, largely offset by lower commercial services volume due to COVID-19. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Provision for deferred income taxes on adjustments 1, Weighted average diluted shares (in millions). Beginning in 2019, all revenues and costs associated with military derivative aircraft will be reported in the Defense, Space & Security segment. Core (loss)/earnings per share is defined as GAAP diluted (loss)/earnings per share excluding the net (loss)/earnings per share impact of the FAS/CAS service cost adjustment and Non-operating pension and postretirement expenses. Commercial Airplanes backlog included over 5,000 airplanes valued at $352 billion. The income tax impact is calculated using the U.S. corporate statutory tax rate The Boeing Company is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. This feature is limited to our corporate solutions. All Rights Reserved. (January 30, 2020). The ideal entry-level account for individual users. (Dollars in Millions, except per share data), *Non-GAAP measure; complete definitions of Boeing's non-GAAP measures are on page 6, "Non-GAAP Measures Disclosures.". Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Defense, Space & Security also completed the System Design Review for MQ-25. First Quarter (Dollars in Millions) 2020. We detail the importance of the U.S. government to Boeing’s Revenue in an interactive dashboard, parts of which are summarized below. Opinions expressed by Forbes Contributors are their own. Commercial Airplanes captured an order for 12 787 aircraft for All Nippon Airways, and produced the 1000th 787 at Boeing South Carolina. Effective at the beginning of 2020, certain programs were realigned between our Defense, Space & Security segment and Unallocated items, eliminations and other. Global Services fourth-quarter revenue increased to $4.9 billion, primarily driven by higher parts volume including the acquisition of KLX (Table 6). This past quarter, the division took a $923 million charge related to "asset impairments and severance costs," Boeing said. Adjustments to reconcile net earnings to net cash provided by operating activities: Income taxes receivable, payable and deferred, Net cash (used)/provided by operating activities, Contributions from noncontrolling interests, Employee taxes on certain share-based payment arrangements, Net cash provided/(used) by financing activities, Effect of exchange rate changes on cash and cash equivalents, including restricted, Net increase/(decrease) in cash & cash equivalents, including restricted, Cash & cash equivalents, including restricted, at beginning of year, Cash & cash equivalents, including restricted, at end of period, Less restricted cash & cash equivalents, included in Investments, Cash and cash equivalents at end of period, The Boeing Company and SubsidiariesSummary of Business Segment Data (Unaudited). In 2018 out of the total revenue figure of $17 Bil for the BGS segment. Then you can access your favorite statistics via the star in the header. At quarter-end, Boeing Capital's net portfolio balance was $2.8 billion. In the last 5 years, we have invested nearly $35 billion in key strategic areas of our business, all while increasing cash returns to shareholders. Maurita Sutedja or Keely Moos (312) 544-2140. Profit from additional features by authenticating your Admin account. Fourth-quarter operating margin increased to 15.0 percent reflecting improved performance, partially offset by higher period costs. Operating Margin. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Research expert covering aviation, aircraft , rail and train manufacturing and the logistics industry, Profit from additional features with an Employee Account. held at Begumpet Airport in Hyderabad, India, on Wednesday, March 12, 2014. Global Services. Global Services first-quarter revenue was $4.6 billion, reflecting higher government services volume, largely offset by lower commercial services volume due to COVID-19. Management uses core operating (loss)/earnings, core operating margin and core (loss)/earnings per share for purposes of evaluating and forecasting underlying business performance. 1, The Boeing Company, net of intercompany loans to BCC, Boeing Capital, including intercompany loans, 1 Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. As a Premium user you get access to background information and details about the release of this statistic. January 30, 2020. The 737 program delivered 111 MAX airplanes in the fourth quarter, including the first MAX delivery from the China Completion Center, and delivered 256 MAX airplanes in 2018. Management believes free cash flow provides investors with an important perspective on the cash available for shareholders, debt repayment, and acquisitions after making the capital investments required to support ongoing business operations and long term value creation. The first quarter effective tax rate reflects tax benefits related to the 5 year net operating loss carryback provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act as well as the impact of pre-tax losses. facts. Change. During the quarter, Commercial Airplanes delivered 238 airplanes, including the delivery of the 787th 787 Dreamliner and the first 737 MAX Boeing Business Jet. Most years, it generates billions of dollars in revenue, serving as a sort of backstop on any losses that result from dropping sales of new aircraft. Dollars). Management uses core operating earnings, core operating margin and core earnings/per share for purposes of evaluating and forecasting underlying business performance. Sign up for Insider Transportation. Access to additional liquidity will be critical for Boeing and the aerospace manufacturing sector to bridge to recovery, and the company is actively exploring all of the available options. The Boeing Company [NYSE: BA] reported first-quarter revenue of $16.9 billion, GAAP loss per share of ($1.11) and core loss per share (non-GAAP)* of ($1.70), primarily reflecting the impacts of COVID-19 and the 737 MAX grounding (Table 1). To reflect COVID-19 impacts on the demand environment, 737 MAX aircraft production will resume at low rates in 2020 as timing and conditions of return to service are better understood and gradually increase to 31 per month during 2021, with further gradual increases to correspond with market demand. New, Figures and insights about the advertising and media world, Industry Outlook

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