Boeing 2009 Annual Report Download - page 80

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The gross carrying amounts and accumulated amortization of our acquired finite-lived intangible assets
were as follows at December 31:
2009 2008
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Distribution rights $1,596 $ 140 $1,265 $ 82
Developed technology 831 581 851 494
Customer base 517 165 397 107
Product know-how 333 98 325 85
Other 198 113 230 114
Total $3,475 $1,097 $3,068 $882
Amortization expense for acquired finite-lived intangible assets for the years ended December 31,
2009 and 2008 was $207 and $166. Estimated amortization expense for the five succeeding years is
as follows: 2010 – $239; 2011 – $196; 2012 – $191; 2013 – $167 and 2014 – $157.
Non-cash investing and financing transactions related to acquired finite-lived intangibles during 2009
and 2008 were $329 and $235. Total acquired finite-lived intangibles of $604 and $275 remain unpaid
as of December 31, 2009 and 2008.
Note 4 – Earnings Per Share
The weighted-average number of shares outstanding used to compute earnings per share are as
follows:
(Shares in millions)
Years ended December 31, 2009 2008 2007
Weighted average shares outstanding 705.9 719.9 750.5
Participating securities 3.7 2.9 9.0
Basic weighted average shares outstanding 709.6 722.8 759.5
Dilutive potential common shares 3.8 6.2 13.0
Diluted weighted average shares outstanding 713.4 729.0 772.5
Basic earnings per share is calculated by the sum of (1) net earnings less declared dividends and
dividend equivalents related to share-based compensation divided by the basic weighted average
shares outstanding and (2) declared dividends and dividend equivalents related to share-based
compensation divided by the weighted average shares outstanding.
The weighted-average number of shares outstanding, included in the table below, is excluded from the
computation of diluted earnings per share because the average market price did not exceed the
exercise/threshold price. However, these shares may be dilutive potential common shares in the future.
(Shares in millions)
Years ended December 31, 2009 2008 2007
Stock options 16.8 14.9
ShareValue Trust 13.2 12.7 25.8
Performance Awards 2.0 2.0 3.0
Performance Shares 0.8 0.7 0.7
Stock units 0.2 0.3
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