Boeing (BA) FY2023 results: revenue $77.8 billion, up 16.8% on the year
Boeing Co. (BA) reported revenue of $77.8 billion for fiscal 2023, the year ended 31 December 2023, up 16.8% on the year before. Net income was -$2.2 billion, and diluted earnings per share $-3.67. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2024.
Revenue
$77.8 billion
+16.8% on the year
FY2016FY2023
Operating margin
-1.0%
-5.3% a year earlier
FY2016FY2023
Net income
-$2.2 billion
FY2016FY2023
Diluted EPS
-$3.67
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,960
3,512
-3,416
+69.7%
Capital expenditure
1,527
1,222
980
+25.0%
Free cash flow
4,433
2,290
-4,396
+93.6%
Free cash flow margin
5.7%
3.4%
-7.1%
Cash from investing
-2,437
4,370
9,324
Cash from financing
-5,487
-1,266
-5,600
Depreciation and amortisation
1,861
1,979
2,144
-6.0%
Share-based compensation
690
725
833
-4.8%
Diluted shares, weighted
606m
595m
588m
+1.8%
Shares outstanding at period end
1,012m
1,012m
1,012m
0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-17,233
-15,883
-14,999
Non-controlling interest
5.0
35.0
153
-85.7%
Debt
52,055
56,794
57,921
-8.3%
Operating lease liabilities
1,518
1,305
1,271
+16.3%
Other liabilities
100,667
94,849
94,206
+6.1%
Total liabilities and equity
137,012
137,100
138,552
-0.1%
Fixed assets
10,661
10,550
10,918
+1.1%
Goodwill
8,093
8,057
8,068
+0.4%
Intangible assets
2,094
2,311
2,562
-9.4%
Investments
4,309
3,589
9,167
+20.1%
Cash and equivalents
12,691
14,614
8,052
-13.2%
Receivables
2,649
2,517
2,641
+5.2%
Other assets
96,515
95,462
97,144
+1.1%
Total assets
137,012
137,100
138,552
-0.1%
10-K for the year ended 31 December 2023, filed 31 January 2024: the filing.