Boeing (BA) FY2017 results: revenue $94.0 billion, up 0.5% on the year
Boeing Co. (BA) reported revenue of $94.0 billion for fiscal 2017, the year ended 31 December 2017, up 0.5% on the year before. Net income was $8.5 billion, up 68.0%, and diluted earnings per share $13.85. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2018.
Revenue
$94.0 billion
+0.5% on the year
FY2010FY2017
Operating margin
11.0%
7.0% a year earlier
FY2010FY2017
Net income
$8.5 billion
+68.0% on the year
FY2010FY2017
Diluted EPS
$13.85
+76.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
94,005
93,496
96,114
+0.5%
Cost of revenue
76,612
79,026
82,088
-3.1%
Gross profit
17,393
14,470
14,026
+20.2%
Gross margin
18.5%
15.5%
14.6%
Research and development
3,179
4,627
3,331
-31.3%
Operating income
10,344
6,527
7,443
+58.5%
Operating margin
11.0%
7.0%
7.7%
Pre-tax income
10,107
5,783
7,155
+74.8%
Income tax
1,649
749
1,979
+120.2%
Effective tax rate
16.3%
13.0%
27.7%
Net income
8,458
5,034
5,176
+68.0%
Net margin
9.0%
5.4%
5.4%
Diluted EPS
$13.85
$7.83
$7.44
+76.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
13,344
10,499
9,363
+27.1%
Capital expenditure
1,739
2,613
2,450
-33.4%
Free cash flow
11,605
7,886
6,913
+47.2%
Free cash flow margin
12.3%
8.4%
7.2%
Cash from investing
-2,062
-3,380
-1,846
Cash from financing
-11,350
-9,587
-7,920
Depreciation and amortisation
2,047
1,889
1,833
+8.4%
Share-based compensation
202
190
189
+6.3%
Buybacks
9,236
7,001
6,751
+31.9%
Dividends paid
3,417
2,756
2,490
+24.0%
Dividend per share
$5.97
$4.69
$3.82
+27.3%
Diluted shares, weighted
610m
643m
695m
-5.1%
Shares outstanding at period end
1,012m
1,012m
1,012m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,656
817
6,335
+102.7%
Non-controlling interest
57.0
60.0
62.0
-5.0%
Debt
11,117
9,952
9,964
+11.7%
Other liabilities
99,532
79,168
78,047
+25.7%
Total liabilities and equity
112,362
89,997
94,408
+24.9%
Fixed assets
12,672
12,807
12,076
-1.1%
Goodwill
5,559
5,324
5,126
+4.4%
Intangible assets
2,573
2,540
2,657
+1.3%
Investments
2,439
2,545
2,034
-4.2%
Cash and equivalents
8,813
8,801
11,302
+0.1%
Receivables
2,894
8,832
8,713
-67.2%
Other assets
77,412
49,148
52,500
+57.5%
Total assets
112,362
89,997
94,408
+24.9%
10-K for the year ended 31 December 2017, filed 12 February 2018: the filing.