Boeing 2011 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2011 Boeing annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 144

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

Item 6. Selected Financial Data
Five-Year Summary (Unaudited)
(Dollars in millions, except per share data) 2011 2010 2009 2008 2007
Operations
Revenues:
Commercial Airplanes $ 36,171 $ 31,834 $ 34,051 $ 28,263 $ 33,386
Boeing Defense, Space & Security:(1)
Boeing Military Aircraft 14,947 14,238 14,304 13,445 13,545
Network & Space Systems 8,673 9,455 10,877 11,346 11,481
Global Services & Support 8,356 8,250 8,480 7,256 7,026
Total Boeing Defense, Space & Security 31,976 31,943 33,661 32,047 32,052
Boeing Capital Corporation 532 639 660 703 815
Other segment 138 138 165 567 308
Unallocated items and eliminations (82) (248) (256) (671) (174)
Total revenues $ 68,735 $ 64,306 $ 68,281 $ 60,909 $ 66,387
General and administrative expense 3,408 3,644 3,364 3,084 3,531
Research and development expense 3,918 4,121 6,506 3,768 3,850
Other income/(loss), net 47 52 (26) 247 484
Net earnings from continuing operations $ 4,011 $ 3,311 $ 1,335 $ 2,654 $ 4,058
Net gain/(loss) on disposal of discontinued operations, net of tax 7(4) (23) 18 16
Net earnings $ 4,018 $ 3,307 $ 1,312 $ 2,672 $ 4,074
Basic earnings per share from continuing operations 5.38 4.50 1.89 3.68 5.36
Diluted earnings per share from continuing operations 5.33 4.46 1.87 3.65 5.26
Cash dividends declared $ 1,263 $ 1,245 $ 1,233 $ 1,187 $ 1,129
Per share 1.70 1.68 1.68 1.62 1.45
Additions to Property, plant and equipment 1,713 1,125 1,186 1,674 1,731
Depreciation of Property, plant and equipment 1,119 1,096 1,066 1,013 978
Employee salaries and wages 17,008 15,709 15,424 15,559 14,852
Year-end workforce 171,700 160,500 157,100 162,200 159,300
Financial position at December 31
Total assets $ 79,986 $ 68,565 $ 62,053 $ 53,779 $ 58,986
Working capital 8,536 5,177 2,392 (4,809) (4,184)
Property, plant and equipment, net 9,313 8,931 8,784 8,762 8,265
Cash and cash equivalents 10,049 5,359 9,215 3,268 7,042
Short-term and other investments 1,223 5,158 2,008 11 2,266
Total debt 12,371 12,421 12,924 7,512 8,217
Customer financing assets 4,772 4,680 5,834 6,282 7,105
Shareholders’ equity(2) 3,515 2,766 2,128 (1,294) 9,004
Per share 4.72 3.76 2.93 (1.85) 12.22
Common shares outstanding (in millions)(3) 744.7 735.3 726.3 698.1 736.7
Contractual Backlog:
Commercial Airplanes $293,303 $255,591 $250,476 $278,575 $255,176
Boeing Defense, Space & Security:(1)
Boeing Military Aircraft 24,085 25,094 26,354 25,802 23,027
Network & Space Systems 9,056 9,586 7,746 8,868 9,207
Global Services & Support 13,213 13,684 11,924 10,615 9,554
Total Boeing Defense, Space & Security 46,354 48,364 46,024 45,285 41,788
Total contractual backlog $339,657 $303,955 $296,500 $323,860 $296,964
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.
18