Boeing 2012 Annual Report Download - page 61

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49
The Boeing Company and Subsidiaries
Consolidated Statements of Operations
(Dollars in millions, except per share data)
Years ended December 31, 2012 2011 2010
Sales of products $71,234 $57,401 $52,586
Sales of services 10,464 11,334 11,720
Total revenues 81,698 68,735 64,306
Cost of products (60,309) (46,642) (42,194)
Cost of services (8,247) (9,097) (9,489)
Boeing Capital interest expense (88) (128) (160)
Total costs and expenses (68,644) (55,867) (51,843)
13,054 12,868 12,463
Income from operating investments, net 268 278 267
General and administrative expense (3,717) (3,408) (3,644)
Research and development expense, net (3,298) (3,918) (4,121)
Gain on dispositions, net 424 6
Earnings from operations 6,311 5,844 4,971
Other income, net 62 47 52
Interest and debt expense (463) (498) (516)
Earnings before income taxes 5,910 5,393 4,507
Income tax expense (2,007) (1,382) (1,196)
Net earnings from continuing operations 3,903 4,011 3,311
Net (loss)/gain on disposal of discontinued operations, net of taxes
of $2, ($4), $2 (3) 7(4)
Net earnings $3,900 $4,018 $3,307
Basic earnings per share from continuing operations $5.15 $5.38 $4.50
Net (loss)/gain on disposal of discontinued operations, net of taxes 0.01 (0.01)
Basic earnings per share $5.15 $5.39 $4.49
Diluted earnings per share from continuing operations $5.11 $5.33 $4.46
Net (loss)/gain on disposal of discontinued operations, net of taxes 0.01 (0.01)
Diluted earnings per share $5.11 $5.34 $4.45
See Notes to the Consolidated Financial Statements on pages 54 – 108.