Boeing 2009 Annual Report Download - page 124

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Capital Expenditures
Years ended December 31, 2009 2008 2007
Commercial Airplanes $ 420 $ 708 $ 849
Boeing Defense, Space & Security:
Boeing Military Aircraft 141 140 107
Network & Space Systems 51 87 75
Global Services & Support 75 40 39
Total Boeing Defense, Space & Security 267 267 221
Other segment 113 12 5
Unallocated items and eliminations 386 687 656
$1,186 $1,674 $1,731
Note 22 – Quarterly Financial Data (Unaudited)
2009 2008
4th 3rd 2nd 1st 4th 3rd 2nd 1st
Total revenues $ 17,937 $ 16,688 $ 17,154 $ 16,502 $ 12,664 $ 15,293 $16,962 $15,990
Total costs and expenses (14,508) (14,480) (13,807) (13,745) (11,264) (12,541) (13,942) (12,605)
Earnings/(loss) from operations 1,693 (2,151) 1,529 1,025 (243) 1,147 1,247 1,799
Net earnings/(loss) from
continuing operations 1,283 (1,560) 997 615 (86) 683 851 1,206
Net gain/(loss) from
discontinued operations (15) (4) 1 (5) 12 1 5
Net earnings/(loss) 1,268 (1,564) 998 610 (86) 695 852 1,211
Basic earnings/(loss) per share
from continuing operations 1.79 (2.22) 1.42 0.88 (0.12) 0.95 1.18 1.63
Basic earnings/(loss) per share 1.77 (2.23) 1.42 0.87 (0.12) 0.97 1.18 1.64
Diluted earnings/(loss) per share
from continuing operations 1.77 (2.22) 1.41 0.87 (0.12) 0.94 1.16 1.61
Diluted earnings/(loss) per share 1.75 (2.23) 1.41 0.86 (0.12) 0.96 1.16 1.62
Cash dividends paid per share 0.42 0.42 0.42 0.42 0.40 0.40 0.40 0.40
Market price:
High 56.56 55.48 53.39 47.00 58.00 69.50 88.29 87.84
Low 47.18 38.92 34.21 29.05 36.17 54.20 65.55 71.59
Quarter end 54.13 54.15 42.50 35.58 42.67 57.35 65.72 74.37
During the first and third quarters of 2009, we recorded pre-tax charges of $347 and $1,005 on our 747
program in our Commercial Airplanes segment. During the third quarter of 2009, we recorded $2,619
of research and development costs relating to the first three 787 flight test aircraft in our Commercial
Airplanes segment. During the fourth quarter of 2009, we recorded pre-tax charges of $133 on our
international AEW&C program in our Boeing Military Aircraft segment.
During the second quarter of 2008, we recorded a pre-tax charge of $248 on our international AEW&C
program in our Boeing Military Aircraft segment. During the fourth quarter of 2008, we recorded a
pre-tax charge of $685 on our 747 program in our Commercial Airplanes segment. During the third and
fourth quarters of 2008, the IAM strike reduced revenue by approximately $6.4 billion.
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