Boeing (BA) FY2015 results: revenue $96.1 billion, up 5.9% on the year
Boeing Co. (BA) reported revenue of $96.1 billion for fiscal 2015, the year ended 31 December 2015, up 5.9% on the year before. Net income was $5.2 billion, down 5.0%, and diluted earnings per share $7.44. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2016.
Revenue
$96.1 billion
+5.9% on the year
FY2008FY2015
Operating margin
7.7%
8.2% a year earlier
FY2008FY2015
Net income
$5.2 billion
-5.0% on the year
FY2008FY2015
Diluted EPS
$7.44
+0.8% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
96,114
90,762
86,623
+5.9%
Cost of revenue
82,088
76,752
73,268
+7.0%
Gross profit
14,026
14,010
13,355
+0.1%
Gross margin
14.6%
15.4%
15.4%
Research and development
3,331
3,047
3,071
+9.3%
Operating income
7,443
7,473
6,562
-0.4%
Operating margin
7.7%
8.2%
7.6%
Pre-tax income
7,155
7,137
6,232
+0.3%
Income tax
1,979
1,691
1,646
+17.0%
Effective tax rate
27.7%
23.7%
26.4%
Net income
5,176
5,446
4,585
-5.0%
Net margin
5.4%
6.0%
5.3%
Diluted EPS
$7.44
$7.38
$5.96
+0.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
9,363
8,858
8,179
+5.7%
Capital expenditure
2,450
2,236
2,098
+9.6%
Free cash flow
6,913
6,622
6,081
+4.4%
Free cash flow margin
7.2%
7.3%
7.0%
Cash from investing
-1,846
2,467
-5,154
Cash from financing
-7,920
-8,593
-4,249
Depreciation and amortisation
1,833
1,906
1,844
-3.8%
Share-based compensation
189
195
206
-3.1%
Buybacks
6,751
6,001
2,801
+12.5%
Dividends paid
2,490
2,115
1,467
+17.7%
Dividend per share
$3.82
$3.10
$2.19
+23.2%
Diluted shares, weighted
695m
737m
768m
-5.7%
Shares outstanding at period end
1,012m
1,012m
1,012m
0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,335
8,665
14,875
-26.9%
Non-controlling interest
62.0
125
122
-50.4%
Debt
9,964
9,070
9,635
+9.9%
Other liabilities
78,047
75,061
68,031
+4.0%
Total liabilities and equity
94,408
92,921
92,663
+1.6%
Fixed assets
12,076
11,007
10,224
+9.7%
Goodwill
5,126
5,119
5,043
+0.1%
Intangible assets
2,657
2,869
3,052
-7.4%
Investments
2,034
2,513
7,374
-19.1%
Cash and equivalents
11,302
11,733
9,088
-3.7%
Receivables
8,713
7,729
6,546
+12.7%
Other assets
52,500
51,951
51,336
+1.1%
Total assets
94,408
92,921
92,663
+1.6%
10-K for the year ended 31 December 2015, filed 10 February 2016: the filing.