Company Quick10K Filing
Boeing
Price382.86 EPS7
Shares570 P/E57
MCap218,154 P/FCF-965
Net Debt10,449 EBIT3,507
TEV228,603 TEV/EBIT65
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-09-30 Filed 2020-10-28
10-Q 2020-06-30 Filed 2020-07-29
10-Q 2020-03-31 Filed 2020-04-29
10-K 2019-12-31 Filed 2020-01-31
10-Q 2019-09-30 Filed 2019-10-23
10-Q 2019-06-30 Filed 2019-07-24
10-Q 2019-03-31 Filed 2019-04-24
10-K 2018-12-31 Filed 2019-02-08
10-Q 2018-09-30 Filed 2018-10-24
10-Q 2018-06-30 Filed 2018-07-25
10-Q 2018-03-31 Filed 2018-04-25
10-K 2017-12-31 Filed 2018-02-12
10-Q 2017-09-30 Filed 2017-10-25
10-Q 2017-06-30 Filed 2017-07-26
10-Q 2017-03-31 Filed 2017-04-26
10-K 2016-12-31 Filed 2017-02-08
10-Q 2016-09-30 Filed 2016-10-26
10-Q 2016-06-30 Filed 2016-07-27
10-Q 2016-03-31 Filed 2016-04-27
10-K 2015-12-31 Filed 2016-02-10
10-Q 2015-09-30 Filed 2015-10-21
10-Q 2015-06-30 Filed 2015-07-22
10-Q 2015-03-31 Filed 2015-04-22
10-K 2014-12-31 Filed 2015-02-12
10-Q 2014-09-30 Filed 2014-10-22
10-Q 2014-06-30 Filed 2014-07-23
10-Q 2014-03-31 Filed 2014-04-23
10-K 2013-12-31 Filed 2014-02-14
10-Q 2013-09-30 Filed 2013-10-23
10-Q 2013-06-30 Filed 2013-07-24
10-Q 2013-03-31 Filed 2013-04-24
10-K 2012-12-31 Filed 2013-02-11
10-Q 2012-09-30 Filed 2012-10-24
10-Q 2012-06-30 Filed 2012-07-25
10-Q 2012-03-31 Filed 2012-04-25
10-K 2011-12-31 Filed 2012-02-09
10-Q 2011-09-30 Filed 2011-10-26
10-Q 2011-06-30 Filed 2011-07-27
10-Q 2011-03-31 Filed 2011-04-27
10-K 2010-12-31 Filed 2011-02-09
10-Q 2010-09-30 Filed 2010-10-20
10-Q 2010-06-30 Filed 2010-07-28
10-Q 2010-03-31 Filed 2010-04-21
10-K 2009-12-31 Filed 2010-02-08
8-K 2020-11-10 Other Events
8-K 2020-10-29 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-10-28 Earnings, Exhibits
8-K 2020-10-26 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-07-29 Earnings, Exhibits
8-K 2020-04-30
8-K 2020-04-29
8-K 2020-04-27
8-K 2020-04-05
8-K 2020-03-23
8-K 2020-03-20
8-K 2020-03-16
8-K 2020-03-13
8-K 2020-02-23
8-K 2020-02-06
8-K 2020-01-29
8-K 2020-01-21
8-K 2020-01-10
8-K 2019-12-26
8-K 2019-12-22
8-K 2019-12-16
8-K 2019-10-30
8-K 2019-10-25
8-K 2019-10-23
8-K 2019-10-11
8-K 2019-07-29
8-K 2019-07-24
8-K 2019-07-18
8-K 2019-06-26
8-K 2019-05-01
8-K 2019-04-30
8-K 2019-04-29
8-K 2019-04-29
8-K 2019-04-24
8-K 2019-04-05
8-K 2019-02-26
8-K 2019-02-13
8-K 2019-01-30
8-K 2019-01-24
8-K 2018-12-17
8-K 2018-10-29
8-K 2018-10-24
8-K 2018-10-22
8-K 2018-07-25
8-K 2018-07-13
8-K 2018-07-05
8-K 2018-06-07
8-K 2018-04-30
8-K 2018-04-30
8-K 2018-04-25
8-K 2018-02-21
8-K 2018-01-31

BA 10Q Quarterly Report

Part I. Financial Information
Item 1. Financial Statements
Note 1 - Basis of Presentation
Note 2 - Goodwill and Acquired Intangibles
Note 3 - Earnings per Share
Note 4 - Income Taxes
Note 5 - Allowances for Losses on Financial Assets
Note 6 - Inventories
Note 7 - Contracts with Customers
Note 8 - Customer Financing
Note 9 - Investments
Note 10 - Commitments and Contingencies
Note 11 - Arrangements with Off - Balance Sheet Risk
Note 12 - Debt
Note 13 - Postretirement Plans
Note 14 - Share - Based Compensation and Other Compensation Arrangements
Note 15 - Shareholders' Equity
Note 16 - Derivative Financial Instruments
Note 17 - Fair Value Measurements
Note 18 - Legal Proceedings
Note 19 - Segment and Revenue Information
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-15 a202009sep3010qex15.htm
EX-31.1 a202009sep3010qex311.htm
EX-31.2 a202009sep3010qex312.htm
EX-32.1 a202009sep3010qex321.htm
EX-32.2 a202009sep3010qex322.htm

Boeing Earnings 2020-09-30

Balance SheetIncome StatementCash Flow
135106774819-102012201420172020
Assets, Equity
302316103-32012201420172020
Rev, G Profit, Net Income
5.03.11.2-0.6-2.5-4.42012201420172020
Ops, Inv, Fin

ba-20200930
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2020
or
 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                      
Commission file number 1-442
 THE BOEING COMPANY
(Exact name of registrant as specified in its charter)
Delaware 91-0425694
(State or other jurisdiction of
incorporation or organization)
 (I.R.S. Employer Identification No.)
100 N. Riverside Plaza,Chicago,IL 60606-1596
(Address of principal executive offices) (Zip Code)
(312)544-2000
(Registrant’s telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405/ of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated FilerAccelerated filer
Non-accelerated filerSmaller reporting company 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes No
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $5.00 Par ValueBANew York Stock Exchange
As of October 21, 2020, there were 564,529,686 shares of common stock, $5.00 par value, issued and outstanding.



THE BOEING COMPANY
FORM 10-Q
For the Quarter Ended September 30, 2020
INDEX
Part I. Financial Information (Unaudited)Page
Item 1.
Item 2.
Item 3.
Item 4.
Part II. Other Information
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.


Table of Contents
Part I. Financial Information
Item 1. Financial Statements

The Boeing Company and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
(Dollars in millions, except per share data)Nine months ended September 30Three months ended September 30
2020201920202019
Sales of products$34,656 $50,514 $11,402 $17,195 
Sales of services8,198 8,134 2,737 2,785 
Total revenues42,854 58,648 14,139 19,980 
Cost of products(36,001)(46,584)(10,910)(14,674)
Cost of services(6,817)(6,752)(2,185)(2,241)
Boeing Capital interest expense(33)(49)(10)(15)
Total costs and expenses(42,851)(53,385)(13,105)(16,930)
3 5,263 1,034 3,050 
Loss from operating investments, net(61)(3)(14)(8)
General and administrative expense(2,989)(2,857)(955)(1,001)
Research and development expense, net(1,871)(2,470)(574)(778)
Gain/(loss) on dispositions, net200 296 108 (4)
(Loss)/earnings from operations(4,718)229 (401)1,259 
Other income, net325 334 119 121 
Interest and debt expense(1,458)(480)(643)(203)
(Loss)/earnings before income taxes(5,851)83 (925)1,177 
Income tax benefit/(expense)2,349 291 459 (10)
Net (loss)/earnings(3,502)374 (466)1,167 
Less: net loss attributable to noncontrolling interest(49)(17)
Net (loss)/earnings attributable to Boeing Shareholders($3,453)$374 ($449)$1,167 
Basic (loss)/earnings per share($6.10)$0.66 ($0.79)$2.07 
Diluted (loss)/earnings per share($6.10)$0.66 ($0.79)$2.05 
Weighted average diluted shares (millions)566.3570.4566.6569.2
See Notes to the Condensed Consolidated Financial Statements.
1

Table of Contents
The Boeing Company and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
(Dollars in millions)Nine months ended September 30Three months ended September 30
2020 2019 2020 2019 
Net (loss)/earnings($3,502)$374 ($466)$1,167 
Other comprehensive (loss)/income, net of tax:
Currency translation adjustments
15 (61)48 (59)
Unrealized gain on certain investments, net of tax of $0, $0, $0 and $0
1 
Unrealized (loss)/gain on derivative instruments:
Unrealized (loss)/gain arising during period, net of tax of $31, $30, ($23) and $25
(107)(106)79 (89)
Reclassification adjustment for losses/(gains) included in net (loss)/earnings, net of tax of ($6), ($6), ($2) and ($7)
20 22 8 25 
Total unrealized (loss)/gain on derivative instruments, net of tax
(87)(84)87 (64)
Defined benefit pension plans and other postretirement benefits:
Prior service credit arising during the period, net of tax of ($4), $0, ($4) and $0
13 13 
Amortization of prior service credits included in net periodic pension cost, net of tax of $22, $18, $10 and $5
(67)(67)(22)(22)
Net actuarial loss arising during the period, net of tax of $19, $0, $16 and $0
(65)(53)
Amortization of actuarial losses included in net periodic pension cost, net of tax of ($179), ($97), ($76) and ($32)
562 350 172 117 
Settlements and curtailments included in net loss, net of tax of ($1), $0, $0 and $0
3 1 
Pension and postretirement cost related to our equity method investments, net of tax of $0, ($5), $0, and ($3)
17 9 
Total defined benefit pension plans and other postretirement benefits, net of tax
446 300 111 104 
Other comprehensive income/(loss), net of tax374 156 246 (19)
Comprehensive loss related to noncontrolling interests
(22)(15)
Comprehensive (loss)/income, net of tax(3,128)508 (220)1,133 
Less: Comprehensive loss related to noncontrolling interest(49)(22)(17)(15)
Comprehensive (loss)/income attributable to Boeing Shareholders, net of tax($3,079)$530 ($203)$1,148 
See Notes to the Condensed Consolidated Financial Statements.
2

Table of Contents
The Boeing Company and Subsidiaries
Condensed Consolidated Statements of Financial Position
(Unaudited)
(Dollars in millions, except per share data)September 30
2020
December 31
2019
Assets
Cash and cash equivalents$10,564 $9,485 
Short-term and other investments16,552 545 
Accounts receivable, net2,762 3,266 
Unbilled receivables, net8,860 9,043 
Current portion of customer financing, net100 162 
Inventories86,961 76,622 
Other current assets, net5,213 3,106 
Total current assets131,012 102,229 
Customer financing, net2,010 2,136 
Property, plant and equipment, net of accumulated depreciation of $20,241 and $19,342
11,969 12,502 
Goodwill8,071 8,060 
Acquired intangible assets, net2,941 3,338 
Deferred income taxes704 683 
Investments1,052 1,092 
Other assets, net of accumulated amortization of $671 and $580
3,502 3,585 
Total assets$161,261 $133,625 
Liabilities and equity
Accounts payable$14,479 $15,553 
Accrued liabilities22,220 22,868 
Advances and progress billings51,974 51,551 
Short-term debt and current portion of long-term debt3,634 7,340 
Total current liabilities92,307 97,312 
Deferred income taxes503 413 
Accrued retiree health care4,429 4,540 
Accrued pension plan liability, net15,343 16,276 
Other long-term liabilities2,907 3,422 
Long-term debt57,325 19,962 
Total liabilities172,814 141,925 
Shareholders’ equity:
Common stock, par value $5.001,200,000,000 shares authorized; 1,012,261,159 shares issued
5,061 5,061 
Additional paid-in capital6,687 6,745 
Treasury stock, at cost - 447,744,896 and 449,352,405 shares
(54,819)(54,914)
Retained earnings47,029 50,644 
Accumulated other comprehensive loss(15,779)(16,153)
Total shareholders’ equity(11,821)(8,617)
Noncontrolling interests268 317 
Total equity(11,553)(8,300)
Total liabilities and equity$161,261 $133,625 
See Notes to the Condensed Consolidated Financial Statements.
3

Table of Contents
The Boeing Company and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(Dollars in millions)Nine months ended September 30
20202019
Cash flows – operating activities:
Net (loss)/earnings($3,502)$374 
Adjustments to reconcile net loss to net cash (used)/provided by operating activities:
Non-cash items – 
Share-based plans expense165 160 
Depreciation and amortization1,668 1,643 
Investment/asset impairment charges, net317 106 
Customer financing valuation adjustments12 249 
Gain on dispositions, net(200)(296)
Other charges and credits, net912 190 
Changes in assets and liabilities – 
Accounts receivable125 315 
Unbilled receivables56 (1,053)
Advances and progress billings428 2,355 
Inventories(9,653)(9,565)
Other current assets319 (224)
Accounts payable(3,303)1,626 
Accrued liabilities967 5,495 
Income taxes receivable, payable and deferred(2,404)(989)
Other long-term liabilities(149)(577)
Pension and other postretirement plans(556)(570)
Customer financing, net108 391 
Other289 144 
Net cash used by operating activities(14,401)(226)
Cash flows – investing activities:
Property, plant and equipment additions(1,038)(1,387)
Property, plant and equipment reductions275 334 
Acquisitions, net of cash acquired(492)
Contributions to investments(25,846)(1,439)
Proceeds from investments9,772 967 
Purchase of distribution rights(20)
Other14 (10)
Net cash used by investing activities(16,823)(2,047)
Cash flows – financing activities:
New borrowings42,362 19,621 
Debt repayments(8,792)(8,978)
Contributions from noncontrolling interests7 
Stock options exercised31 51 
Employee taxes on certain share-based payment arrangements(169)(241)
Common shares repurchased(2,651)
Dividends paid(1,158)(3,473)
Net cash provided by financing activities32,274 4,336 
Effect of exchange rate changes on cash and cash equivalents, including restricted26 (27)
Net increase in cash & cash equivalents, including restricted1,076 2,036 
Cash & cash equivalents, including restricted, at beginning of year9,571 7,813 
Cash & cash equivalents, including restricted, at end of period10,647 9,849 
Less restricted cash & cash equivalents, included in Investments83 86 
Cash and cash equivalents at end of period$10,564 $9,763 
See Notes to the Condensed Consolidated Financial Statements.
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Table of Contents
The Boeing Company and Subsidiaries
Condensed Consolidated Statements of Equity
For the nine months ended September 30, 2020 and 2019
(Unaudited)
 Boeing shareholders  
(Dollars in millions, except per share data)Common
Stock
Additional
Paid-In
Capital
Treasury StockRetained
Earnings
Accumulated Other Comprehensive LossNon-
controlling
Interests
Total
Balance at January 1, 2019$5,061 $6,768 ($52,348)$55,941 ($15,083)$71 $410 
Net earnings374 (22)352 
Other comprehensive income, net of tax of ($60)
156 156 
Share-based compensation and related dividend equivalents
176 (16)160 
Treasury shares issued for stock options exercised, net
(42)82 40 
Treasury shares issued for other share-based plans, net
(214)(7)(221)
Common shares repurchased
(2,651)(2,651)
Cash dividends declared ($4.11 per share)
(2,313)(2,313)
Changes in noncontrolling interests258 258 
Balance at September 30, 2019$5,061 $6,688 ($54,924)$53,986 ($14,927)$307 ($3,809)
Balance at December 31, 2019$5,061 $6,745 ($54,914)$50,644 ($16,153)$317 ($8,300)
Impact of ASU 2016-13(162)(162)
Balance at January 1, 2020$5,061 $6,745 ($54,914)$50,482 ($16,153)$317 ($8,462)
Net loss
(3,453)(49)(3,502)
Other comprehensive income, net of tax of ($118)
374 374 
Share-based compensation and related dividend equivalents
165 165 
Treasury shares issued for stock options exercised, net
(22)53 31 
Treasury shares issued for other share-based plans, net
(201)42(159)
Balance at September 30, 2020$5,061 $6,687 ($54,819)$47,029 ($15,779)$268 ($11,553)
See Notes to the Condensed Consolidated Financial Statements.

5

Table of Contents
The Boeing Company and Subsidiaries
Condensed Consolidated Statements of Equity
For the three months ended September 30, 2020 and 2019
(Unaudited)
Boeing shareholders  
(Dollars in millions, except per share data)Common
Stock
Additional
Paid-In
Capital
Treasury StockRetained
Earnings
Accumulated Other Comprehensive LossNon-
controlling
Interests
Total
Balance at July 1, 2019$5,061 $6,638 ($54,932)$52,819 ($14,908)$379 ($4,943)
Net earnings1,167 (