Boeing 2010 Annual Report Download - page 29

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Item 6. Selected Financial Data
Five-Year Summary (Unaudited)
(Dollars in millions, except per share data) 2010 2009 2008 2007 2006
Operations
Revenues:
Commercial Airplanes $ 31,834 $ 34,051 $ 28,263 $ 33,386 $ 28,465
Boeing Defense, Space & Security:(1)
Boeing Military Aircraft 14,238 14,304 13,445 13,545 14,014
Network & Space Systems 9,455 10,877 11,346 11,481 11,772
Global Services & Support 8,250 8,480 7,256 7,026 6,625
Total Boeing Defense, Space & Security 31,943 33,661 32,047 32,052 32,411
Boeing Capital Corporation 639 660 703 815 1,025
Other segment 138 165 567 308 327
Unallocated items and eliminations (248) (256) (671) (174) (698)
Total revenues $ 64,306 $ 68,281 $ 60,909 $ 66,387 $ 61,530
General and administrative expense 3,644 3,364 3,084 3,531 4,171
Research and development expense 4,121 6,506 3,768 3,850 3,257
Other income/(loss), net 52 (26) 247 484 420
Net earnings from continuing operations $ 3,311 $ 1,335 $ 2,654 $ 4,058 $ 2,206
Net (loss)/gain on disposal of discontinued operations, net of tax (4) (23) 18 16 9
Net earnings $ 3,307 $ 1,312 $ 2,672 $ 4,074 $ 2,215
Basic earnings per share from continuing operations 4.50 1.89 3.68 5.36 2.88
Diluted earnings per share from continuing operations 4.46 1.87 3.65 5.26 2.84
Cash dividends declared $ 1,245 $ 1,233 $ 1,187 $ 1,129 $ 991
Per share 1.68 1.68 1.62 1.45 1.25
Additions to Property, plant and equipment 1,125 1,186 1,674 1,731 1,681
Depreciation of Property, plant and equipment 1,096 1,066 1,013 978 1,058
Employee salaries and wages 15,709 15,424 15,559 14,852 15,871
Year-end workforce 160,500 157,100 162,200 159,300 154,000
Financial position at December 31
Total assets $ 68,565 $ 62,053 $ 53,779 $ 58,986 $ 51,794
Working capital 5,177 2,392 (4,809) (4,184) (6,665)
Property, plant and equipment, net 8,931 8,784 8,762 8,265 7,675
Cash and cash equivalents 5,359 9,215 3,268 7,042 6,118
Short-term and other investments 5,158 2,008 11 2,266 268
Total debt 12,421 12,924 7,512 8,217 9,538
Customer financing assets 4,680 5,834 6,282 7,105 8,890
Shareholders’ equity(2) 2,766 2,128 (1,294) 9,004 4,739
Per share 3.76 2.93 (1.85) 12.22 6.25
Common shares outstanding (in millions)(3) 735.3 726.3 698.1 736.7 757.8
Contractual Backlog:
Commercial Airplanes $255,591 $250,476 $278,575 $255,176 $174,276
Boeing Defense, Space & Security:(1)
Boeing Military Aircraft 25,094 26,354 25,802 23,027 24,689
Network & Space Systems 9,586 7,746 8,868 9,207 7,786
Global Services & Support 13,684 11,924 10,615 9,554 9,812
Total Boeing Defense, Space & Security 48,364 46,024 45,285 41,788 42,287
Total contractual backlog $303,955 $296,500 $323,860 $296,964 $216,563
Cash dividends have been paid on common stock every year since 1942.
(1) Effective January 1, 2010, certain programs were realigned between BDS segments. Prior years have been recast for
segment realignments.
(2) Shareholders’ equity excludes noncontrolling interest. Prior year amounts have been adjusted to conform to this
presentation.
(3) Represents actual number of shares outstanding as of December 31 and excludes treasury shares and the outstanding
shares held by the ShareValue Trust, which was terminated in July 2010.
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