Stock Analysis on Net
Stock Analysis on Net
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Boeing Co. (NYSE:BA)

Income Statement

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Boeing Co., consolidated income statement

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Sales of products 47,142  66,094  90,229  83,204  84,399 
Sales of services 11,016  10,465  10,898  10,188  10,172 
Revenues 58,158  76,559  101,127  93,392  94,571 
Cost of products (54,568) (62,877) (72,922) (68,365) (72,713)
Cost of services (9,232) (9,154) (8,499) (7,631) (8,018)
Cost of products and services (63,800) (72,031) (81,421) (75,996) (80,731)
Boeing Capital interest expense (43) (62) (69) (70) (59)
Costs and expenses (63,843) (72,093) (81,490) (76,066) (80,790)
Gross profit (5,685) 4,466  19,637  17,326  13,781 
Income (loss) from operating investments, net (4) 111  204  303 
General and administrative expense (4,817) (3,909) (4,567) (4,094) (3,616)
Research and development expense, net (2,476) (3,219) (3,269) (3,179) (4,627)
Gain (loss) on dispositions, net 202  691  75  21  (7)
Earnings (loss) from operations (12,767) (1,975) 11,987  10,278  5,834 
Other income (loss), net 447  397  71  127  39 
Interest and debt expense (2,156) (722) (475) (360) (306)
Earnings (loss) before income taxes (14,476) (2,300) 11,583  10,045  5,567 
Income tax (expense) benefit 2,535  1,623  (1,144) (1,850) (673)
Net earnings (loss) (11,941) (677) 10,439  8,195  4,894 
Net loss attributable to noncontrolling interest 68  41  21 
Net earnings (loss) attributable to Boeing Shareholders (11,873) (636) 10,460  8,197  4,895 

Based on: 10-K (filing date: 2021-02-01), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-08).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Boeing Co.’s revenues decreased from 2018 to 2019 and from 2019 to 2020.
Earnings (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Boeing Co.’s earnings (loss) from operations decreased from 2018 to 2019 and from 2019 to 2020.
Earnings (loss) 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 (loss) before income taxes decreased from 2018 to 2019 and from 2019 to 2020.
Net earnings (loss) attributable to Boeing Shareholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Boeing Co.’s net earnings (loss) attributable to Boeing Shareholders decreased from 2018 to 2019 and from 2019 to 2020.