Boeing (BA) FY2016 results: revenue $93.5 billion, down 2.7% on the year
Boeing Co. (BA) reported revenue of $93.5 billion for fiscal 2016, the year ended 31 December 2016, down 2.7% on the year before. Net income was $5.0 billion, down 2.7%, and diluted earnings per share $7.83. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2017.
Revenue
$93.5 billion
-2.7% on the year
FY2009FY2016
Operating margin
7.0%
7.7% a year earlier
FY2009FY2016
Net income
$5.0 billion
-2.7% on the year
FY2009FY2016
Diluted EPS
$7.83
+5.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
93,496
96,114
90,762
-2.7%
Cost of revenue
79,026
82,088
76,752
-3.7%
Gross profit
14,470
14,026
14,010
+3.2%
Gross margin
15.5%
14.6%
15.4%
Research and development
4,627
3,331
3,047
+38.9%
Operating income
6,527
7,443
7,473
-12.3%
Operating margin
7.0%
7.7%
8.2%
Pre-tax income
5,783
7,155
7,137
-19.2%
Income tax
749
1,979
1,691
-62.2%
Effective tax rate
13.0%
27.7%
23.7%
Net income
5,034
5,176
5,446
-2.7%
Net margin
5.4%
5.4%
6.0%
Diluted EPS
$7.83
$7.44
$7.38
+5.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
10,499
9,363
8,858
+12.1%
Capital expenditure
2,613
2,450
2,236
+6.7%
Free cash flow
7,886
6,913
6,622
+14.1%
Free cash flow margin
8.4%
7.2%
7.3%
Cash from investing
-3,380
-1,846
2,467
Cash from financing
-9,587
-7,920
-8,593
Depreciation and amortisation
1,889
1,833
1,906
+3.1%
Share-based compensation
190
189
195
+0.5%
Buybacks
7,001
6,751
6,001
+3.7%
Dividends paid
2,756
2,490
2,115
+10.7%
Dividend per share
$4.69
$3.82
$3.10
+22.8%
Diluted shares, weighted
643m
695m
737m
-7.5%
Shares outstanding at period end
1,012m
1,012m
1,012m
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
817
6,335
8,665
-87.1%
Non-controlling interest
60.0
62.0
125
-3.2%
Debt
9,952
9,964
9,070
-0.1%
Other liabilities
79,168
78,047
75,061
+1.4%
Total liabilities and equity
89,997
94,408
92,921
-4.7%
Fixed assets
12,807
12,076
11,007
+6.1%
Goodwill
5,324
5,126
5,119
+3.9%
Intangible assets
2,540
2,657
2,869
-4.4%
Investments
2,545
2,034
2,513
+25.1%
Cash and equivalents
8,801
11,302
11,733
-22.1%
Receivables
8,832
8,713
7,729
+1.4%
Other assets
49,148
52,500
51,951
-6.4%
Total assets
89,997
94,408
92,921
-4.7%
10-K for the year ended 31 December 2016, filed 8 February 2017: the filing.