Boeing 2011 Annual Report Download - page 120

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Liabilities
December 31, 2011 2010
Commercial Airplanes $21,757 $19,663
Boeing Defense, Space & Security:
Boeing Military Aircraft 3,050 4,028
Network & Space Systems 1,101 953
Global Services & Support 1,607 1,579
Total Boeing Defense, Space & Security 5,758 6,560
Boeing Capital Corporation 3,719 3,861
Other segment 969 937
Unallocated items and eliminations 44,175 34,682
Total $76,378 $65,703
Note 23 – Quarterly Financial Data (Unaudited)
2011 2010
4th 3rd 2nd 1st 4th 3rd 2nd 1st
Total revenues $ 19,555 $ 17,727 $ 16,543 $ 14,910 $ 16,550 $ 16,967 $15,573 $15,216
Total costs and expenses (16,261) (14,357) (13,200) (12,049) (13,413) (13,746) (12,540) (12,144)
Earnings from operations 1,597 1,714 1,534 1,000 1,103 1,387 1,307 1,174
Net earnings from continuing
operations 1,387 1,094 942 588 1,166 837 789 519
Net gain/(loss) from
discontinued operations 6 4 (1) (2) (2) (2)
Net earnings 1,393 1,098 941 586 1,164 837 787 519
Basic earnings per share from
continuing operations 1.85 1.47 1.27 0.79 1.57 1.13 1.07 0.71
Basic earnings per share 1.86 1.47 1.27 0.79 1.57 1.13 1.07 0.71
Diluted earnings per share from
continuing operations 1.83 1.46 1.25 0.78 1.56 1.12 1.06 0.70
Diluted earnings per share 1.84 1.46 1.25 0.78 1.56 1.12 1.06 0.70
Cash dividends declared per
share 0.86 0.84 0.84 0.84
Common stock sales price per
share:
High 74.74 76.20 80.65 74.47 72.49 70.00 76.00 74.53
Low 56.90 56.01 70.29 66.00 61.84 59.48 59.84 54.80
Quarter end 73.35 60.51 73.93 73.93 65.26 66.54 62.75 72.61
Gross profit is calculated as Total revenues minus Total costs and expenses. Total costs and expenses
includes cost of products, cost of services and BCC interest expense.
Cash dividends of $0.42 per share were paid during each quarter of 2011 and 2010. We increased our
dividend from $0.42 to $0.44 in December 2011; this amount will be paid in first quarter 2012.
During the fourth quarters of 2011 and 2010, we recorded tax benefits of $397 and $371 as a result of settling
the 2004-2006 and 1998-2003 federal audits.
During the first quarter of 2010, we recorded an income tax charge of $150 as a result of the Patient Protection
and Affordable Care Act, as modified by the Health Care and Education Reconciliation Act of 2010.
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