Boeing 2009 Annual Report Download - page 62

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The Boeing Company and Subsidiaries
Consolidated Statements of Operations
(Dollars in millions, except per share data)
Years ended December 31, 2009 2008 2007
Sales of products $ 57,032 $ 50,180 $ 57,049
Sales of services 11,249 10,729 9,338
Total revenues 68,281 60,909 66,387
Cost of products (47,639) (41,662) (45,375)
Cost of services (8,726) (8,467) (7,732)
Boeing Capital Corporation interest expense (175) (223) (295)
Total costs and expenses (56,540) (50,352) (53,402)
11,741 10,557 12,985
Income from operating investments, net 249 241 188
General and administrative expense (3,364) (3,084) (3,531)
Research and development expense, net of credits of $0, $50 and
$130 (6,506) (3,768) (3,850)
(Loss)/gain on dispositions, net (24) 438
Earnings from operations 2,096 3,950 5,830
Other (expense)/income, net (26) 247 484
Interest and debt expense (339) (202) (196)
Earnings before income taxes 1,731 3,995 6,118
Income tax expense (396) (1,341) (2,060)
Net earnings from continuing operations 1,335 2,654 4,058
Net (loss)/gain on disposal of discontinued operations, net of taxes of
$13, ($10) and ($9) (23) 18 16
Net earnings $ 1,312 $ 2,672 $ 4,074
Basic earnings per share from continuing operations $ 1.89 $ 3.68 $ 5.36
Net (loss)/gain on disposal of discontinued operations, net of taxes (0.03) 0.02 0.02
Basic earnings per share $ 1.86 $ 3.70 $ 5.38
Diluted earnings per share from continuing operations $ 1.87 $ 3.65 $ 5.26
Net (loss)/gain on disposal of discontinued operations, net of taxes (0.03) 0.02 0.02
Diluted earnings per share $ 1.84 $ 3.67 $ 5.28
See notes to consolidated financial statements on pages 55 – 112.
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