Boeing 2008 Annual Report Download - page 82

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closed during the fourth quarter of 2008. Given the recent acquisition dates, management has not
yet completed its final fair value assessment and expects to complete the allocation process in the
first and second quarters of 2009.
As of December 31, 2008 and 2007, we had indefinite-lived intangible assets with carrying amounts of
$499 relating to tradenames.
Amortization expense for acquired finite-lived intangible assets for the years ended December 31,
2008 and 2007 was $166 and $152. Estimated amortization expense for the five succeeding years are
as follows: 2009 – $235; 2010 – $216; 2011 – $172; 2012 – $159 and 2013 – $140.
The gross carrying amounts and accumulated amortization of our other acquired finite-lived intangible
assets were as follows at December 31:
2008 2007
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Developed technology $ 851 $494 $ 640 $432
Product know-how 325 85 308 74
Customer base 397 107 325 77
Distribution rights 1,265 82 796 40
Other 230 114 249 101
$3,068 $882 $2,318 $724
Acquired finite-lived intangibles of $275 and $342 remain unpaid as of December 31, 2008 and 2007.
Note 3 – 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, 2008 2007 2006
Weighted average shares outstanding 719.9 750.5 760.5
Participating securities 2.7 8.8 10.5
Basic weighted average shares outstanding 722.6 759.3 771.0
Dilutive potential common shares 6.4 13.2 16.6
Diluted weighted average shares outstanding 729.0 772.5 787.6
The numerator used to compute diluted earnings per share is as follows:
Years ended December 31, 2008 2007 2006
Net earnings $2,672 $4,074 $2,215
Expense related to diluted shares 2 27
Total numerator $2,672 $4,076 $2,242
Expense related to diluted shares in the amount of $2 and $27 in 2007 and 2006 represented
mark-to-market adjustment of vested performance shares to employees terminated as of
December 31, 2005.
68