Boeing 2011 Annual Report Download - page 3

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1
— Reported net income of $4 billion, or $5.33 per
share, a 21 percent rise from $3.3 billion, or
$4.46 per share, in 2010.
— Delivered record revenues of $68.7 billion, a
7 percent increase compared to $64.3 billion
in 2010.
— A d d e d $103 billion in new orders, expanding
our backlog to a record $355 billion—more than
five times 2011 revenues.
— Generated strong operating cash flow of $4 billion
and cash and marketable securities of $11.3 billion,
maintaining continued healthy liquidity.
— Delivered 477 commercial airplanes, including the
first 787 Dreamliners and 747-8 Freighters, the
7,000th 737 and the 1,000th 767, and completed
FAA certification on the 747-8 Intercontinental.
— W o n 805 net commercial airplane orders, includ-
ing a record 200 orders for the 777, and 150 firm
orders for the new 737 MAX; backlog grew to
3,771 airplanes valued at a record $296 billion.
— Delivered 115 production military aircraft and four
satellites, maintaining Boeing Defense, Space &
Security revenues at 2010 levels, with a backlog
of $60 billion.
— C a p t u r e d key new and follow-on Defense, Space
& Security business, including the U.S. Air Force
KC-46 tanker program; the first production con-
tract for the U.S. Navy’s P-8A Poseidon; a U.S.
agreement with Saudi Arabia for the largest-
ever foreign sale of F-15s; a contract from the
U.S. Missile Defense Agency for Ground-based
Midcourse Defense; the C-17 Integrated Sustain-
ment Program for the U.S. Air Force; and contracts
to begin design and development of the core
rocket stages and avionics system for NASA’s
new manned Space Launch System.
— O p e n e d our new 787 final assembly facility and
delivery center in South Carolina; raised production
rates to meet rising demand for all commercial
airplane models; and signed an early, four-year
contract extension with our machinists union in
Puget Sound, Portland and Wichita.
— A c h i e v e d key Defense, Space & Security pro-
gram milestones, including flight testing of the
first Chinooks for the United Kingdom and
Netherlands, first combat deployment of the
EA-18G Growler by the U.S. Navy, first flight of
the Phantom Ray unmanned airborne system,
first flight of the P-8I maritime surveillance aircraft
for India and the final space shuttle mission.
— Advanced our environmental stewardship by help-
ing lead industry efforts to approve sustainable
biofuels for commercial and military flights; relied
on hydroelectric and renewable energy sources
for nearly half of our total electrical consump-
tion; and were recognized as an ENERGY STAR
Partner of the Year by the U.S. Environmental
Protection Agency.
2011 2010 2009 2008 2007
Revenues 68,735 64,306 68,281 60,909 66,387
Net earnings 4,018 3,307 1,312 2,672 4,074
Earnings per share* 5.33 4.46 1.87 3.65 5.26
Operating margins 8.5% 7.7% 3.1% 6.5% 8.8%
Contractual backlog 339,657 303,955 296,500 323,860 296,964
Total backlog† 355,432 320,826 315,558 351,926 327,137
2011 Financial Highlights
U.S. dollars in millions except per share data
*Represents diluted earnings per share from continuing operations.
†Total backlog includes contractual and unobligated backlog. See page 22 of the 10-K.
Operational Summary
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