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Boeing Co. (BA)


Common-Size Income Statement

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Boeing Co., Common-Size Consolidated Income Statement

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12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Sales of products 89.22 89.09 89.24 88.70 88.90
Sales of services 10.78 10.91 10.76 11.30 11.10
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products -72.11 -73.20 -76.89 -76.42 -75.53
Cost of services -8.40 -8.17 -8.48 -8.92 -8.96
Cost of products and services -80.51% -81.37% -85.37% -85.34% -84.49%
Boeing Capital interest expense -0.07 -0.07 -0.06 -0.07 -0.08
Costs and expenses -80.58% -81.45% -85.43% -85.41% -84.56%
Gross profit 19.42% 18.55% 14.57% 14.59% 15.44%
Income from operating investments, net 0.11 0.22 0.32 0.29 0.32
General and administrative expense -4.52 -4.38 -3.82 -3.67 -4.15
Research and development expense, net -3.23 -3.40 -4.89 -3.47 -3.36
Gain (loss) on dispositions, net 0.07 0.02 -0.01 0.00 -0.01
Earnings from operations 11.85% 11.01% 6.17% 7.74% 8.23%
Other income (loss), net 0.07 0.14 0.04 -0.02 0.01
Interest and debt expense -0.47 -0.39 -0.32 -0.29 -0.37
Earnings before income taxes 11.45% 10.76% 5.89% 7.44% 7.87%
Income tax expense -1.13 -1.98 -0.71 -2.06 -1.86
Net earnings 10.32% 8.77% 5.17% 5.38% 6.01%
Net (earnings) losses related to noncontrolling interests 0.02 0.00 0.00 0.00 -0.01
Net earnings related to parent 10.34% 8.78% 5.18% 5.39% 6.00%

Based on: 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-12).

Item Description The company
Earnings from operations The net result for the period of deducting operating expenses from operating revenues. Boeing Co.’s earnings from operations as a percentage of revenues increased from 2016 to 2017 and from 2017 to 2018.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Boeing Co.’s earnings before income taxes as a percentage of revenues increased from 2016 to 2017 and from 2017 to 2018.
Net earnings related to parent The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Boeing Co.’s net earnings related to parent as a percentage of revenues increased from 2016 to 2017 and from 2017 to 2018.