Boeing 2015 Annual Report Download - page 3

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11
2015 2014 2013 2012 2011
Revenues 96,114 90,762 86,623 81,698 68,735
Core operating earnings* 7,741 8,860 7, 876 7,189 6,340
Core operating margins* 8.1% 9.8% 9.1% 8.8% 9.2%
Core earnings per share* 7.72 8.60 7.07 5.88 5.79
Operating cash flow 9,363 8,858 8,179 7,508 4,023
Contractual backlog 476,595 487,092 422,661 372,355 339,657
Total backlog† 489,299 502,391 440,928 390,228 355,432
U.S. dollars in millions except per share data
* Non-GAAP measures. See page 123.
†
Total backlog includes contractual and unobligated backlog. See page 24 of the Form 10-K.
OPERATIONAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
At Boeing, we aspire to be the strongest, best and best-
integrated aerospace-based company in the world—and
a global industrial champion—for today and tomorrow.
Achieved record revenues of $96.1 billion on record
commercial deliveries, while reporting solid core
operating earnings of $7.7 billion* and core earn-
ings per share of $7.72* reflecting charges taken
on the 747 and KC-46A tanker programs.
Increased operating cash flow to $9.4 billion and
maintained strong liquidity of $12.1 billion in cash
and marketable securities.
Achieved near-record backlog of $489 billion,
which includes net orders of $83 billion during
the year.
Announced a 20 percent increase in our quarterly
dividend and authorized $14 billion of share
repurchase—the largest share repurchase
authorization in company history.
Delivered an industry-record 762 commercial
airplanes to further extend our market-share
lead in deliveries.
Delivered 186 military aircraft, along with 15,787
weapons systems and four satellites, as we con-
tinue to see solid support for our major programs
in our defense, space and security markets.
Booked 768 net new commercial airplane orders,
maintaining a strong, diverse backlog of approxi-
mately 5,800 airplanes valued at $432 billion.
Maintained a solid defense, space and security
backlog of $58 billion with new and follow-on
business that included awards from NASA for
the first two commercial human space flights
of CST-100 Starliner to the International Space
Station; a contract for 15 EA-18G Growlers for
the U.S. Navy; contracts for 43 AH-64E Apache
helicopters for the U.S. Army, along with orders
from India for 22 Apaches and 15 Chinook heavy-
lift helicopters and from Japan for five V-22 tiltrotor
aircraft; and a $1.5 billion contract with the
U.S. Navy for the P-8A Poseidon, including the
first P-8A for Australia.
Achieved significant Commercial Airplanes mile-
stones, including deliveries of the 100th 747-8
and the 350th 787; delivery of the first Boeing
South Carolina 787-9 and rollout of the 100th
787 built there; assembly and rollout of the first
737 MAX; opening of the newly expanded Seattle
Delivery Center to support increased 737 pro-
duction; and completion of detailed design of the
787-10 and firm configuration of the 777X.
*Non-GAAP measures. See page 123.
Photo opposite:
Final assembly and
initial rollout of the
first 737 MAX in
December 2015 was
followed by first flight
in January 2016.
Achieved key Defense, Space & Security mile-
stones, including first test flights of a fully equipped
KC-46A tanker; launch and successful on-orbit
operation of the first all-electric–propulsion satel-
lites; and rollout of the first of 12 EA-18G Growlers
for Australia’s armed forces, as well as delivery of
the first two CH-47F Chinook rotorcraft to Australia.