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!
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
______Accounts Receivable: $4,515
________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]