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 (quarterly data)
US$ in millions
3 months ended:
Dec 31, 2020
Sep 30, 2020
Jun 30, 2020
Mar 31, 2020
Dec 31, 2019
Sep 30, 2019
Jun 30, 2019
Mar 31, 2019
Dec 31, 2018
Sep 30, 2018
Jun 30, 2018
Mar 31, 2018
Dec 31, 2017
Sep 30, 2017
Jun 30, 2017
Mar 31, 2017
Dec 31, 2016
Sep 30, 2016
Jun 30, 2016
Mar 31, 2016
Sales of products
12,486
11,402
9,063
14,191
15,580
17,195
13,094
20,225
25,381
22,463
21,565
20,820
22,720
21,825
20,147
18,512
20,836
21,494
22,184
19,885
Sales of services
2,818
2,737
2,744
2,717
2,331
2,785
2,657
2,692
2,960
2,683
2,693
2,562
2,648
2,484
2,592
2,464
2,450
2,404
2,571
2,747
Revenues
15,304
14,139
11,807
16,908
17,911
19,980
15,751
22,917
28,341
25,146
24,258
23,382
25,368
24,309
22,739
20,976
23,286
23,898
24,755
22,632
Cost of products
(18,567)
(10,910)
(10,378)
(14,713)
(16,293)
(14,674)
(15,672)
(16,238)
(19,788)
(18,882)
(17,436)
(16,816)
(18,509)
(18,050)
(16,443)
(15,363)
(17,596)
(17,907)
(20,265)
(16,945)
Cost of services
(2,415)
(2,185)
(2,589)
(2,043)
(2,402)
(2,241)
(2,122)
(2,389)
(2,284)
(2,140)
(2,083)
(1,992)
(1,901)
(1,910)
(1,932)
(1,888)
(1,855)
(1,983)
(2,044)
(2,136)
Cost of products and services
(20,982)
(13,095)
(12,967)
(16,756)
(18,695)
(16,915)
(17,794)
(18,627)
(22,072)
(21,022)
(19,519)
(18,808)
(20,410)
(19,960)
(18,375)
(17,251)
(19,451)
(19,890)
(22,309)
(19,081)
Boeing Capital interest expense
(10)
(10)
(11)
(12)
(13)
(15)
(16)
(18)
(18)
(18)
(17)
(16)
(17)
(27)
(13)
(13)
(13)
(14)
(16)
(16)
Costs and expenses
(20,992)
(13,105)
(12,978)
(16,768)
(18,708)
(16,930)
(17,810)
(18,645)
(22,090)
(21,040)
(19,536)
(18,824)
(20,427)
(19,987)
(18,388)
(17,264)
(19,464)
(19,904)
(22,325)
(19,097)
Gross profit
(5,688)
1,034
(1,171)
140
(797)
3,050
(2,059)
4,272
6,251
4,106
4,722
4,558
4,941
4,322
4,351
3,712
3,822
3,994
2,430
3,535
Income (loss) from operating investments, net
70
(14)
(45)
(2)
(1)
(8)
(15)
20
(1)
32
6
74
35
49
39
81
83
69
97
54
General and administrative expense
(1,828)
(955)
(1,161)
(873)
(1,052)
(1,001)
(672)
(1,184)
(1,222)
(1,154)
(1,194)
(997)
(1,206)
(915)
(1,040)
(933)
(999)
(923)
(806)
(888)
Research and development expense, net
(605)
(574)
(625)
(672)
(749)
(778)
(826)
(866)
(852)
(826)
(827)
(764)
(761)
(767)
(813)
(838)
(726)
(857)
(2,127)
(917)
Gain (loss) on dispositions, net
2
108
38
54
395
(4)
192
108
(1)
69
3
4
21
—
(2)
2
3
(1)
(13)
4
Earnings (loss) from operations
(8,049)
(401)
(2,964)
(1,353)
(2,204)
1,259
(3,380)
2,350
4,175
2,227
2,710
2,875
3,030
2,689
2,535
2,024
2,183
2,282
(419)
1,788
Other income (loss), net
122
119
94
112
85
106
100
106
20
10
(24)
65
34
45
26
22
(1)
1
12
27
Interest and debt expense
(698)
(643)
(553)
(262)
(242)
(203)
(154)
(123)
(158)
(106)
(109)
(102)
(93)
(87)
(93)
(87)
(79)
(81)
(73)
(73)
Earnings (loss) before income taxes
(8,625)
(925)
(3,423)
(1,503)
(2,361)
1,162
(3,434)
2,333
4,037
2,131
2,577
2,838
2,971
2,647
2,468
1,959
2,103
2,202
(480)
1,742
Income tax (expense) benefit
186
459
1,028
862
1,332
(10)
485
(184)
(622)
230
(390)
(362)
160
(794)
(708)
(508)
(472)
76
245
(522)
Net earnings (loss)
(8,439)
(466)
(2,395)
(641)
(1,029)
1,152
(2,949)
2,149
3,415
2,361
2,187
2,476
3,131
1,853
1,760
1,451
1,631
2,278
(235)
1,220
Net (earnings) loss attributable to noncontrolling interest
19
17
19
13
19
15
7
—
9
2
9
1
1
—
1
—
—
1
1
(1)
Net earnings (loss) attributable to Boeing Shareholders
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 increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 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 increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 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 increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 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 increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 2020.
