Fourth-Quarter 2009
- Revenue grew to $17.9 billion and operating margin grew to 9.4 percent, driving net income to $1.75 per share
- Operating cash flow increased to $3.2 billion
Full-Year 2009
- Revenue grew to $68.3 billion while earnings reflected solid core operating performance affected by previously announced events
- Operating cash flow of $5.6 billion reflects strong management of working capital
- Cash and marketable securities of $11.2 billion provides strong liquidity for 2010
- Backlog of $316 billion – over four times current annual revenue
Outlook
- 2010 EPS guidance of $3.70 to $4.00 reflects lower volumes and considers risks
Table 1. Summary Financial Results | |||||||
|
| Fourth Quarter |
| Full Year |
| |||
(Dollars in Millions, except per share data) | 2009 | 2008 | Change | 2009 | 2008 | Change | |
|
|
|
|
|
|
|
| |
Revenues | $17,937 | $12,664 | 42% | $68,281 | $60,909 | 12% | |
Earnings/(Loss) From Operations | $1,693 | ($243) | NA | $2,096 | $3,950 | (47%) | |
Operating Margin | 9.4% | (1.9%) | 11.3 Pts | 3.1% | 6.5% | (3.4)Pts | |
Net Income/(Loss) | $1,268 | ($86) | NA | $1,312 | $2,672 | (51%) | |
Earnings/(Loss) per Share | $1.75 | ($0.12) | NA | $1.84 | $3.67 | (50%) | |
Operating Cash Flow | $3,212 | ($1,641) | NA | $5,603 | ($401) | NA | |
The Boeing Company (NYSE:
BA) reported fourth-quarter net income of $1.3 billion , or $1.75 per share, as revenue rose 42 percent to $17.9 billion . Current period results reflect solid performance across core businesses and represent a significant improvement over the year-ago quarter, which included a labor strike and a charge on the 747 program (Table 1).
