Boeing (BA) FY2012 results: revenue $81.7 billion, up 18.9% on the year
Boeing Co. (BA) reported revenue of $81.7 billion for fiscal 2012, the year ended 31 December 2012, up 18.9% on the year before. Net income was $3.9 billion, down 2.9%, and diluted earnings per share $5.11. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2013.
Revenue
$81.7 billion
+18.9% on the year
FY2007FY2012
Operating margin
7.7%
8.5% a year earlier
FY2007FY2012
Net income
$3.9 billion
-2.9% on the year
FY2007FY2012
Diluted EPS
$5.11
-4.3% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
81,698
68,735
64,306
+18.9%
Cost of revenue
68,644
55,867
51,843
+22.9%
Gross profit
13,054
12,868
12,463
+1.4%
Gross margin
16.0%
18.7%
19.4%
Research and development
3,298
3,918
4,121
-15.8%
Operating income
6,290
5,823
4,971
+8.0%
Operating margin
7.7%
8.5%
7.7%
Pre-tax income
5,910
5,393
4,507
+9.6%
Income tax
2,007
1,382
1,196
+45.2%
Effective tax rate
34.0%
25.6%
26.5%
Net income
3,900
4,018
3,307
-2.9%
Net margin
4.8%
5.8%
5.1%
Diluted EPS
$5.11
$5.34
$4.45
-4.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
7,508
4,023
2,952
+86.6%
Capital expenditure
1,703
1,713
1,125
-0.6%
Free cash flow
5,805
2,310
1,827
+151.3%
Free cash flow margin
7.1%
3.4%
2.8%
Cash from investing
-3,757
2,369
-4,831
Cash from financing
-3,477
-1,700
-1,962
Depreciation and amortisation
1,811
1,675
1,746
+8.1%
Share-based compensation
193
186
215
+3.8%
Dividends paid
1,322
1,244
1,253
+6.3%
Dividend per share
$1.81
$1.70
$1.68
+6.5%
Diluted shares, weighted
762m
753m
744m
+1.1%
Shares outstanding at period end
1,012m
1,012m
1,012m
0.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
5,867
3,515
2,766
+66.9%
Non-controlling interest
100
93.0
96.0
+7.5%
Debt
10,409
12,371
12,421
-15.9%
Other liabilities
72,520
64,007
53,282
+13.3%
Total liabilities and equity
88,896
79,986
68,565
+11.1%
Fixed assets
9,660
9,313
8,931
+3.7%
Goodwill
5,035
4,945
4,937
+1.8%
Intangible assets
3,111
3,044
2,979
+2.2%
Investments
4,397
2,266
6,269
+94.0%
Cash and equivalents
10,341
10,049
5,359
+2.9%
Receivables
5,608
5,793
5,422
-3.2%
Other assets
50,744
44,576
34,668
+13.8%
Total assets
88,896
79,986
68,565
+11.1%
10-K for the year ended 31 December 2012, filed 11 February 2013: the filing.