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2003 Annual Report: Boeing Still In The Black!  
User currently offlineBCAInfoSys From , joined Dec 1969, posts, RR:
Posted (10 years 5 months 2 weeks 4 days 19 hours ago) and read 2477 times:

I was just taking a look over Boeing's financials on their 2003 Annual Report, and it's encouraging to see that in spite of all the trials Boeing has gone through in the last few years, that they're still making money!  Smile

The following is a quick recap of the highlights. Click here for the full financials.

Consolidated Statement of Operations (Dollars in Millions except share data):
Sales and other operating revenues: $50,845
Earnings from Operations: $449
EBIT (Earnings before income taxes): $550
Net Earnings $718
Diluted Earnings per Share: $0.89/share

Assets: $53,035
______Cash: $4,633
______Accounts Receivable: $4,515


Liabilities:
________Accounts Payable and other liabilites: ($13,563)
________Long-term Debt: ($13,299)

Retained Earnings: $14,407
Total Shareholders' Equity: $8,139

So yeah, this is very encouraging compared to the bleak picture that the 2002 Annual Report provided. It looks like things are on the rebound at the Boeing Company! This on it's own is not anything particular to rave about, but just based on the fact that Net Earning rose by $226 million from $492 to $786 million is a sign that Boeing is on the road to recovery.

To the long-term success of both major aircraft manufacturers and the health of the aerospace industry! Cheers!

[Edited 2004-04-04 06:10:11]

2 replies: All unread, jump to last
 
User currently offlineGigneil From United States of America, joined Nov 2002, 16347 posts, RR: 84
Reply 1, posted (10 years 5 months 2 weeks 4 days 19 hours ago) and read 2443 times:

Um, boss, that means they're still in the BLACK, not the red.

N


User currently offlineBCAInfoSys From , joined Dec 1969, posts, RR:
Reply 2, posted (10 years 5 months 2 weeks 4 days 19 hours ago) and read 2433 times:

lol, that's what I meant... my bad. Don't I feel like an arse!  Big thumbs up I'll blame it on the beer.. lol.  Big grin

Thanks Gigneil.

[Edited 2004-04-04 06:12:12]

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