Boeing 2013 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2013 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 148

  • 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
  • 145
  • 146
  • 147
  • 148

17
Item 6. Selected Financial Data
Five-Year Summary (Unaudited)
(Dollars in millions, except per share data) 2013 2012 2011 2010 2009
Operations
Revenues:
Commercial Airplanes $52,981 $49,127 $36,171 $31,834 $34,051
Defense, Space & Security:(1)
Boeing Military Aircraft 15,936 16,019 14,585 13,876 13,988
Network & Space Systems 8,512 7,911 8,964 9,769 11,136
Global Services & Support 8,749 8,677 8,427 8,298 8,537
Total Defense, Space & Security 33,197 32,607 31,976 31,943 33,661
Boeing Capital(2) 408 468 547 672 695
Other segment(2) 102 106 123 105 130
Unallocated items and eliminations (65) (610) (82) (248) (256)
Total revenues $86,623 $81,698 $68,735 $64,306 $68,281
General and administrative expense 3,956 3,717 3,408 3,644 3,364
Research and development expense 3,071 3,298 3,918 4,121 6,506
Other income/(loss), net 56 62 47 52 (26)
Net earnings from continuing operations $4,586 $3,903 $4,011 $3,311 $1,335
Net gain/(loss) on disposal of discontinued operations, net of tax (1) (3) 7 (4) (23)
Net earnings $4,585 $3,900 $4,018 $3,307 $1,312
Basic earnings per share from continuing operations 6.03 5.15 5.38 4.50 1.89
Diluted earnings per share from continuing operations 5.96 5.11 5.33 4.46 1.87
Cash dividends declared $1,642 $1,360 $1,263 $1,245 $1,233
Per share 2.185 1.805 1.70 1.68 1.68
Additions to Property, plant and equipment 2,098 1,703 1,713 1,125 1,186
Depreciation of Property, plant and equipment 1,338 1,248 1,119 1,096 1,066
Year-end workforce 168,400 174,400 171,700 160,500 157,100
Financial position at December 31
Total assets $92,663 $88,896 $79,986 $68,565 $62,053
Working capital 13,588 12,327 8,536 5,177 2,392
Property, plant and equipment, net 10,224 9,660 9,313 8,931 8,784
Cash and cash equivalents 9,088 10,341 10,049 5,359 9,215
Short-term and other investments 6,170 3,217 1,223 5,158 2,008
Total debt 9,635 10,409 12,371 12,421 12,924
Customer financing assets 3,971 4,420 4,772 4,680 5,834
Shareholders’ equity(3) 14,875 5,867 3,515 2,766 2,128
Per share 19.90 7.76 4.72 3.76 2.93
Common shares outstanding (in millions)(4) 747.4 755.6 744.7 735.3 726.3
Contractual Backlog:
Commercial Airplanes $372,980 $317,287 $293,303 $255,591 $250,476
Defense, Space & Security:(1)
Boeing Military Aircraft 24,825 29,226 23,629 24,678 25,974
Network & Space Systems 9,832 10,078 9,429 9,935 8,069
Global Services & Support 15,024 15,764 13,296 13,751 11,981
Total Defense, Space & Security 49,681 55,068 46,354 48,364 46,024
Total contractual backlog $422,661 $372,355 $339,657 $303,955 $296,500
Cash dividends have been paid on common stock every year since 1942.
(1) Effective January 1, 2013, certain programs were realigned between BDS segments. Prior years have been recast for segment realignments.
(2) Effective January 1, 2013, BCC's accounting policies for certain leasing transactions were aligned with Boeing's consolidated accounting policies.
Amounts reported in prior periods as Interest and debt expense have been reclassified to Boeing Capital interest expense to conform to the
current period's presentation.
(3) Shareholders’ equity excludes non-controlling interest.
(4) 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.