Boeing 2014 Annual Report Download - page 24

12
We derive a significant portion of our revenues from non-U.S. sales and are subject to the risks of
doing business in other countries.
In 2014, non-U.S. customers accounted for approximately 58% of our revenues. We expect that non-U.S.
sales will continue to account for a significant portion of our revenues for the foreseeable future. As a
result, we are subject to risks of doing business internationally, including:
• changes in regulatory requirements;
• domestic and international government policies, including requirements to expend a portion of
program funds locally and governmental industrial cooperation or participation requirements;
• fluctuations in international currency exchange rates;
• volatility in international political and economic environments and changes in non-U.S. national
priorities and budgets, which can lead to delays or fluctuations in orders;
• the complexity and necessity of using non-U.S. representatives and consultants;
• the uncertainty of the ability of non-U.S. customers to finance purchases, including the availability
of financing from the Export-Import Bank of the United States;
• uncertainties and restrictions concerning the availability of funding credit or guarantees;
• imposition of domestic and international taxes, export controls, tariffs, embargoes, sanctions and
other trade restrictions;
• the difficulty of management and operation of an enterprise spread over many countries;
• compliance with a variety of international laws, as well as U.S. laws affecting the activities of U.S.
companies abroad; and
• unforeseen developments and conditions, including terrorism, war, epidemics and international
conflicts.
While the impact of these factors is difficult to predict, any one or more of these factors could adversely
affect our operations in the future.
The outcome of litigation and of government inquiries and investigations involving our business
is unpredictable and an adverse decision in any such matter could have a material effect on our
financial position and results of operations.
We are involved in a number of litigation matters. These matters may divert financial and management
resources that would otherwise be used to benefit our operations. No assurances can be given that the
results of these matters will be favorable to us. An adverse resolution of any of these lawsuits could have
a material impact on our financial position and results of operations. In addition, we are subject to extensive
regulation under the laws of the United States and its various states, as well as other jurisdictions in which
we operate. As a result, we are sometimes subject to government inquiries and investigations of our
business due, among other things, to our business relationships with the U.S. government, the heavily
regulated nature of our industry, and in the case of environmental proceedings, our ownership of certain
property. Any such inquiry or investigation could potentially result in an adverse ruling against us, which
could have a material impact on our financial position and results of operations.
A significant portion of our customer financing portfolio is concentrated among certain customers
based in the United States, and in certain types of Boeing aircraft, which exposes us to
concentration risks.
A significant portion of our customer financing portfolio is concentrated among certain customers and in
distinct geographic regions, particularly in the United States. Our portfolio is also concentrated by varying