ARLINGTON, Va., July 29, 2025 /PRNewswire/ --

Second Quarter 2025

737 production reached 38 per month in the quarter
Revenue increased to $22.7 billion primarily reflecting 150 commercial deliveries
GAAP loss per share of ($0.92) and core loss per share (non-GAAP)* of ($1.24)
Operating cash flow of $0.2 billion and free cash flow (non-GAAP)* of ($0.2) billion
Total company backlog grew to $619 billion, including over 5,900 commercial airplanes

Table 1. Summary Financial Results

Second Quarter

First Half

(Dollars in Millions, except per share data)

2025

2024

Change

2025

2024

Change

Revenues

$22,749

$16,866

35 %

$42,245

$33,435

26 %

GAAP

(Loss)/earnings from operations

($176)

($1,090)

$285

($1,176)

Operating margins

(0.8)

(6.5)

0.7

(3.5)

Net loss

($612)

($1,439)

($643)

($1,794)

Diluted loss per share

($0.92)

($2.33)

($1.09)

($2.90)

Operating cash flow

$227

($3,923)

($1,389)

($7,285)

Non-GAAP*

Core operating loss

($433)

($1,392)

($234)

($1,780)

Core operating margins

(1.9)

(8.3)

(0.6)

(5.3)

Core loss per share

($1.24)

($2.90)

($1.73)

($4.04)

*Non-GAAP measure; complete definitions of Boeing's non-GAAP measures are on page 5, "Non-GAAP Measures Disclosures."

The Boeing Company (NYSE:BA) recorded second quarter revenue of $22.7 billion, GAAP loss per share of ($0.92) and core loss per share (non-GAAP)* of ($1.24). The company reported operating cash flow of $0.2 billion and free cash flow (non-GAAP)* of ($0.2) billion. Results primarily reflect improved operational performance and commercial delivery volume.

"Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers," said Kelly Ortberg, Boeing president and chief executive officer. "As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment."

Table 2. Cash Flow

Second Quarter

First Half

(Millions)

2025

2024

2025

2024

Operating cash flow

$227

($3,923)

($1,389)

($7,285)

Less additions to property, plant & equipment

($427)

($404)

($1,101)

($971)

Free cash flow*

($200)

($4,327)

($2,490)

($8,256)

*Non-GAAP measure; complete definitions of Boeing's non-GAAP measures are on page 5, "Non-GAAP Measures Disclosures."

Operating cash flow was $0.2 billion in the quarter reflecting higher commercial deliveries, as well as working capital timing.

Table 3. Cash, Marketable Securities and Debt Balances

Quarter End

(Billions)

2Q 2025

1Q 2025

Cash and investments in marketable securities¹

$23.0

$23.7

Consolidated debt

$53.3

$53.6

¹ Marketable securities consist primarily of time deposits due within one year classified as "short-term investments."

Cash and investments in marketable securities totaled $23.0 billion, compared to $23.7 billion at the beginning of the quarter, primarily driven by the debt repayment and free cash flow usage in the quarter. Debt was $53.3 billion, down from $53.6 billion at the beginning of the quarter due to the pay down of maturing debt. The company maintains access to credit facilities of $10.0 billion, which remain undrawn.

Total company backlog at quarter end was $619 billion.

Segment Results

Commercial Airplanes

Table 4. Commercial Airplanes

Second Quarter

First Half

(Dollars in Millions)

2025

2024

Change

2025

2024

Change

Deliveries

150

63 %

280

175

60 %

Revenues

$10,874

$6,003

81 %

$19,021

$10,656

79 %

Loss from operations

($557)

($715)

($1,094)

($1,858)

Operating margins

(5.1)

(11.9)

(5.8)

(17.4)

Commercial Airplanes second quarter revenue of $10.9 billion and operating margin of (5.1) percent primarily reflect higher deliveries.

The 737 program increased the production rate to 38 per month in the quarter and plans to stabilize at that rate before requesting approval to increase to 42 per month later this year. The 787 program production rate is now at seven per month.

Commercial Airplanes booked 455 net orders in the quarter, including 120 787 and 30 777-9 airplanes for Qatar Airways and 32 787-10 airplanes for British Airways. Commercial Airplanes delivered 150 airplanes during the quarter, and backlog included over 5,900 airplanes valued at $522 billion.

Defense, Space & Security

Table 5. Defense, Space & Security

Second Quarter

First Half

(Dollars in Millions)

2025

2024

Change

2025

2024

Change

Revenues

$6,617

$6,021

10 %

$12,915

$12,971

— %

Earnings/(loss) from operations

$110

($913)

$265

($762)

Operating margins

1.7

(15.2)

2.1

(5.9)

8.0 pts

Defense, Space & Security second quarter revenue was $6.6 billion. Second quarter operating margin of 1.7 percent reflects stabilizing operational performance.

During the quarter, Defense, Space & Security captured an award from the U.S. Air Force to build four T-7A Red Hawk production representative aircraft and began ground testing on the first MQ-25 Stingray for the U.S. Navy. Backlog at Defense, Space & Security grew to $74 billion with 22 percent representing orders from customers outside the U.S.

Global Services

Table 6. Global Services

Second Quarter

First Half

(Dollars in Millions)

2025

2024

Change

2025

2024

Change

Revenues

$5,281

$4,889

8 %

$10,344

$9,934

4 %

Earnings from operations

$1,049

$870

21 %

$1,992

$1,786

12 %

Operating margins

19.9

17.8

2.1 pts

19.3

18.0

1.3 pts

Global Services second quarter revenue was $5.3 billion. Second quarter operating margin of 19.9 percent reflects favorable performance and mix.

In the quarter, Global Services completed the sale of its maintenance, repair and overhaul facility at Gatwick Airport and secured a contract to provide P-8A aircraft training systems and support to the Republic of Korea Navy.

Additional Financial Information

Table 7. Additional Financial Information

Second Quarter

First Half

(Dollars in Millions)

2025

2024

2025

2024

Revenues

Unallocated items, eliminations and other

($23)

($47)

($35)

($126)

Loss from operations

Unallocated items, eliminations and other

($1,035)

($634)

($1,397)

($946)

FAS/CAS service cost adjustment

$257

$302

$519

$604

Other income, net

$325

$248

$648

$525

Interest and debt expense

($710)

($673)

($1,418)

($1,242)

Effective tax rate

(9.1)

5.0

(32.6)

5.2

Unallocated items, eliminations and other includes an earnings charge of $445 million resulting from the May 2025 non-prosecution agreement with the U.S. Department of Justice.

Non-GAAP Measures Disclosures

We supplement the reporting of our financial information determined under Generally Accepted Accounting Principles in the United States of America (GAAP) with certain non-GAAP financial information. The non-GAAP financial information presented excludes certain significant items that may not be indicative of, or are unrelated to, results from our ongoing business operations. We believe that these non-GAAP measures provide investors with additional insight into the company's ongoing business performance. These non-GAAP measures should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. The following definitions are provided:

Core Operating Earnings/(Loss), Core Operating Margins and Core Earnings/(Loss) Per Share

Core operating earnings/(loss) is defined as GAAP Earnings/(loss) from operations excluding the FAS/CAS service cost adjustment. The FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments. Core operating margins is defined as Core operating earnings/(loss) expressed as a percentage of revenue. Core earnings/(loss) per share is defined as GAAP Diluted earnings/(loss) per share excluding the net earnings/(loss) per share impact of the FAS/CAS service cost adjustment and Non-operating pension and postretirement expenses. Non-operating pension and postretirement expenses represent the components of net periodic benefit costs other than service cost. Pension costs allocated to BDS and BGS businesses supporting government customers are computed in accordance with U.S. Government Cost Accounting Standards (CAS), which employ different actuarial assumptions and accounting conventions than GAAP. CAS costs are allocable to government contracts. Other postretirement benefit costs are allocated to all business segments based on CAS, which is generally based on benefits paid. Management uses core operating earnings/(loss), core operating margins and core earnings/(loss) per share for purposes of evaluating and forecasting underlying business performance. Management believes these core measures provide investors additional insights into operational performance as they exclude non-service pension and post-retirement costs, which primarily represent costs driven by market factors and costs not allocable to government contracts. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is provided on page 12 and 13.

Free Cash Flow

Free cash flow is GAAP operating cash flow reduced by capital expenditures for property, plant and equipment. Management believes free cash flow provides investors with an important perspective on the cash available for shareholders, debt repayment, and acquisitions after making the capital investments required to support ongoing business operations and long term value creation. Free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt. Management uses free cash flow as a measure to assess both business performance and overall liquidity. See Table 2 on page 2 for a reconciliation of free cash flow to the most directly comparable GAAP measure, operating cash flow.

Caution Concerning Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future financial condition and operating results, industry projections and outlooks, plans, objectives and goals, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate.

These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: (1) general conditions in the economy and our industry, including those due to regulatory changes; (2) our reliance on our commercial airline customers; (3) the overall health of our aircraft production system, production quality issues, commercial airplane production rates, our ability to successfully develop and certify new aircraft or new derivative aircraft, and the ability of our aircraft to meet stringent performance and reliability standards; (4) changing budget and appropriation levels and acquisition priorities of the U.S. government, as well as significant delays in U.S. government appropriations; (5) our dependence on our subcontractors and suppliers, as well as the availability of highly skilled labor and raw materials; (6) work stoppages or other labor disruptions; (7) competition within our markets; (8) our non-U.S. operations and sales to non-U.S. customers, including tariffs, trade restrictions and government actions; (9) changes in accounting estimates; (10) our pending acquisition of Spirit AeroSystems Holdings, Inc. (Spirit), including the satisfaction of closing conditions in the expected timeframe or at all; (11) realizing the anticipated benefits of mergers, acquisitions, joint ventures/strategic alliances or divestitures, including anticipated synergies and quality improvements related to our pending acquisition of Spirit; (12) our dependence on U.S. government contracts; (13) our reliance on fixed-price contracts; (14) our reliance on cost-type contracts; (15) contracts that include in-orbit incentive payments; (16) management of a complex, global IT infrastructure; (17) compromised or unauthorized access to our, our customers' and/or our suppliers' information and systems; (18) potential business disruptions, including threats to physical security or our information technology systems, extreme weather (including effects of climate change) or other acts of nature, and pandemics or other public health crises; (19) potential adverse developments in new or pending litigation and/or government inquiries or investigations; (20) potential environmental liabilities; (21) effects of climate change and legal, regulatory or market responses to such change; (22) credit rating agency actions and our ability to effectively manage our liquidity; (23) substantial pension and other postretirement benefit obligations; (24) the adequacy of our insurance coverage; (25) customer and aircraft concentration in our customer financing portfolio; (26) the dilutive effect of future issuances of our common stock; and (27) the preferential treatment of our 6.00% mandatory convertible preferred stock.

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Contact:

Investor Relations:						Eric Hill or David Dufault BoeingInvestorRelations@boeing.com
Communications:						Wilson Chow media@boeing.com

The Boeing Company and Subsidiaries Consolidated Statements of Operations (Unaudited)

	Six months ended June 30		Three months ended June 30
(Dollars in millions, except per share data)	2025	2024	2025	2024
Sales of products	$35,269	$26,792	$19,122	$13,524
Sales of services	6,976	6,643	3,627	3,342
Total revenues	42,245	33,435	22,749	16,866

Cost of products	(31,785)	(24,971)	(17,406)	(12,907)
Cost of services	(5,608)	(5,359)	(2,908)	(2,730)
Total costs and expenses	(37,393)	(30,330)	(20,314)	(15,637)
	4,852	3,105	2,435	1,229
Income from operating investments, net	28	74	25	7
General and administrative expense	(2,905)	(2,538)	(1,793)	(1,377)
Research and development expense, net	(1,754)	(1,822)	(910)	(954)
Gain on dispositions, net	64	5	67	5
Earnings/(loss) from operations	285	(1,176)	(176)	(1,090)
Other income, net	648	525	325	248
Interest and debt expense	(1,418)	(1,242)	(710)	(673)
Loss before income taxes	(485)	(1,893)	(561)	(1,515)
Income tax (expense)/benefit	(158)	99	(51)	76
Net loss	(643)	(1,794)	(612)	(1,439)
Less: net earnings/(loss) attributable to noncontrolling interest	5	(12)	(1)
Net loss attributable to Boeing shareholders	(648)	(1,782)	(611)	(1,439)
Less: Mandatory convertible preferred stock dividends accumulated during the period	172		86
Net loss attributable to Boeing common shareholders	($820)	($1,782)	($697)	($1,439)
Basic loss per share	($1.09)	($2.90)	($0.92)	($2.33)
Diluted loss per share	($1.09)	($2.90)	($0.92)	($2.33)

The Boeing Company and Subsidiaries Consolidated Statements of Financial Position (Unaudited)

(Dollars in millions, except per share data)	June 30 2025	December 31 2024
Assets
Cash and cash equivalents	$7,087	$13,801
Short-term and other investments	15,880	12,481
Accounts receivable, net	3,190	2,631
Unbilled receivables, net	9,261	8,363
Current portion of financing receivables, net	16	207
Inventories	87,853	87,550
Other current assets, net	2,563	2,965
Assets held for sale	1,451
Total current assets	127,301	127,998
Financing receivables and operating lease equipment, net	318	314
Property, plant and equipment, net of accumulated depreciation of $23,208 and $22,925	11,658	11,412
Goodwill	7,280	8,084
Acquired intangible assets, net	1,542	1,957
Deferred income taxes	136	185
Investments	1,036	999
Other assets, net of accumulated amortization of $879 and $1,085	5,849	5,414
Total assets	$155,120	$156,363
Liabilities and equity
Accounts payable	$11,238	$11,364
Accrued liabilities	23,508	24,103
Advances and progress billings	59,407	60,333
Short-term debt and current portion of long-term debt	8,719	1,278
Liabilities held for sale	504
Total current liabilities	103,376	97,078
Deferred income taxes	193	122
Accrued retiree health care	2,116	2,176
Accrued pension plan liability, net	5,803	5,997
Other long-term liabilities	2,324	2,318
Long-term debt	44,604	52,586
Total liabilities	158,416	160,277
Shareholders' equity:
Mandatory convertible preferred stock, 6.00% Series A, par value $1.00 - 20,000,000 shares authorized; 5,750,000 shares issued; aggregate liquidation preference $5,750	6	6
Common stock, par value $5.00 – 1,200,000,000 shares authorized; 1,012,261,159 shares issued	5,061	5,061
Additional paid-in capital	19,238	18,964
Treasury stock, at cost - 256,638,054 and 263,044,840 shares	(31,603)	(32,386)
Retained earnings	14,542	15,362
Accumulated other comprehensive loss	(10,539)	(10,915)
Total shareholders' deficit	(3,295)	(3,908)
Noncontrolling interests	(1)	(6)
Total equity	(3,296)	(3,914)
Total liabilities and equity	$155,120	$156,363

The Boeing Company and Subsidiaries Consolidated Statements of Cash Flows (Unaudited)

	Six months ended June 30
(Dollars in millions)	2025	2024
Cash flows – operating activities:
Net loss	($643)	($1,794)
Adjustments to reconcile net loss to net cash used by operating activities:
Non-cash items –
Share-based plans expense	254	208
Treasury shares issued for 401(k) contribution	793	953
Depreciation and amortization	926	883
Investment/asset impairment charges, net	30	34
Gain on dispositions, net	(64)	(5)
Other charges and credits, net	162	(34)
Changes in assets and liabilities –
Accounts receivable	(683)	(522)
Unbilled receivables	(908)	(1,345)
Advances and progress billings	(616)	1,886
Inventories	(374)	(5,937)
Other current assets	265	(320)
Accounts payable	(46)	(222)
Accrued liabilities	(248)	(443)
Income taxes receivable, payable and deferred	(3)	(188)
Other long-term liabilities	(212)	(148)
Pension and other postretirement plans	(292)	(491)
Financing receivables and operating lease equipment, net	185	149
Other	85	51
Net cash used by operating activities	(1,389)	(7,285)
Cash flows – investing activities:
Payments to acquire property, plant and equipment	(1,101)	(971)
Proceeds from disposals of property, plant and equipment	4	30
Acquisitions, net of cash acquired		(50)
Proceeds from dispositions	35
Contributions to investments	(21,581)	(1,617)
Proceeds from investments	18,847	3,173
Supplier notes receivable	(150)	(486)
Purchase of distribution rights		(88)
Other		(17)
Net cash used by investing activities	(3,946)	(26)
Cash flows – financing activities:
New borrowings	98	10,089
Debt repayments	(677)	(4,481)
Employee taxes on certain share-based payment arrangements	(18)	(67)
Dividends paid on mandatory convertible preferred stock	(158)
Other	30	(3)
Net cash (used)/provided by financing activities	(725)	5,538
Effect of exchange rate changes on cash and cash equivalents	34	(25)
Net decrease in cash & cash equivalents, including restricted	(6,026)	(1,798)
Cash & cash equivalents, including restricted, at beginning of year	13,822	12,713
Cash & cash equivalents, including restricted, at end of period	7,796	10,915
Less restricted cash & cash equivalents, included in Investments	709	21
Cash & cash equivalents at end of period	$7,087	$10,894

The Boeing Company and Subsidiaries Summary of Business Segment Data (Unaudited)

	Six months ended June 30		Three months ended June 30
(Dollars in millions)	2025	2024	2025	2024
Revenues:
Commercial Airplanes	$19,021	$10,656	$10,874	$6,003
Defense, Space & Security	12,915	12,971	6,617	6,021
Global Services	10,344	9,934	5,281	4,889
Unallocated items, eliminations and other	(35)	(126)	(23)	(47)
Total revenues	$42,245	$33,435	$22,749	$16,866
Earnings/(loss) from operations:
Commercial Airplanes	($1,094)	($1,858)	($557)	($715)
Defense, Space & Security	265	(762)	110	(913)
Global Services	1,992	1,786	1,049	870
Segment operating earnings/(loss)	1,163	(834)	602	(758)
Unallocated items, eliminations and other	(1,397)	(946)	(1,035)	(634)
FAS/CAS service cost adjustment	519	604	257	302
Earnings/(loss) from operations	285	(1,176)	(176)	(1,090)
Other income, net	648	525	325	248
Interest and debt expense	(1,418)	(1,242)	(710)	(673)
Loss before income taxes	(485)	(1,893)	(561)	(1,515)
Income tax (expense)/benefit	(158)	99	(51)	76
Net loss	(643)	(1,794)	(612)	(1,439)
Less: net earnings/(loss) attributable to noncontrolling interest	5	(12)	(1)
Net loss attributable to Boeing shareholders	(648)	(1,782)	(611)	(1,439)
Less: Mandatory convertible preferred stock dividends accumulated during the period	172		86
Net loss attributable to Boeing common shareholders	($820)	($1,782)	($697)	($1,439)

Research and development expense, net:
Commercial Airplanes	$1,092	$1,073	$558	$555
Defense, Space & Security	420	494	221	259
Global Services	59	67	30	41
Other	183	188	101	99
Total research and development expense, net	$1,754	$1,822	$910	$954

Unallocated items, eliminations and other:
Share-based plans	($51)	$53	($21)	$43
Deferred compensation	(80)	(49)	(85)	(19)
Amortization of previously capitalized interest	(42)	(46)	(21)	(23)
Research and development expense, net	(183)	(188)	(101)	(99)
Eliminations and other unallocated items	(1,041)	(716)	(807)	(536)
Sub-total (included in Core operating loss)	(1,397)	(946)	(1,035)	(634)
Pension FAS/CAS service cost adjustment	390	460	197	230
Postretirement FAS/CAS service cost adjustment	129	144	60	72
FAS/CAS service cost adjustment	519	604	$257	$302
Total	($878)	($342)	($778)	($332)

The Boeing Company and Subsidiaries Operating and Financial Data (Unaudited)

Deliveries	Six months ended June 30		Three months ended June 30
Commercial Airplanes	2025	2024	2025	2024
737	209	137	104	70
767	14	9	9	6
777	20	7	13	7
787	37	22	24	9
Total	280	175	150	92


Defense, Space & Security
AH-64 Apache (New)	6	3	2	3
AH-64 Apache (Remanufactured)	21	13	10	7
CH-47 Chinook (New)	1	2	—	1
CH-47 Chinook (Renewed)	7	5	5	4
F-15 Models	4	7	3	6
F/A-18 Models	9	4	4	3
KC-46 Tanker	5	5	5	2
MH-139	5	—	4	—
P-8 Models	2	3	1	2
Commercial Satellites	2	—	2	—
Total¹	62	42	36	28

¹ Deliveries of new-build production units, including remanufactures and modifications

Total backlog (Dollars in millions)

June 30

2025

December 31

2024

Commercial Airplanes

$522,197

$435,175

Defense, Space & Security

73,957

64,023

Global Services

21,939

21,403

Unallocated items, eliminations and other

445

735

Total backlog

$618,538

$521,336

Contractual backlog

$583,747

$498,802

Unobligated backlog

34,791

22,534

Total backlog

$618,538

$521,336

The Boeing Company and Subsidiaries

Reconciliation of Non-GAAP Measures

(Unaudited)

The tables provided below reconcile the non-GAAP financial measures core operating loss, core operating margins, and core loss per share with the most directly comparable GAAP financial measures of loss from operations, operating margins, and diluted loss per share. See page 5 of this release for additional information on the use of these non-GAAP financial measures.

(Dollars in millions, except per share data)

Second Quarter 2025

Second Quarter 2024

$ millions

Per Share

$ millions

Per Share

Revenues

$22,749

$16,866

Loss from operations (GAAP)

(176)

(1,090)

Operating margins (GAAP)

(0.8)

(6.5)

FAS/CAS service cost adjustment:

Pension FAS/CAS service cost adjustment

(197)

(230)

Postretirement FAS/CAS service cost adjustment

(60)

(72)

FAS/CAS service cost adjustment

(257)

(302)

Core operating loss (non-GAAP)

($433)

($1,392)

Core operating margins (non-GAAP)

(1.9)

(8.3)

Diluted loss per share (GAAP)

($0.92)

($2.33)

Pension FAS/CAS service cost adjustment

($197)

($0.26)

($230)

($0.37)

Postretirement FAS/CAS service cost adjustment

(60)

(0.08)

(72)

(0.12)

Non-operating pension income

(42)

(0.05)

(122)

(0.20)

Non-operating postretirement income

(4)

(0.01)

(19)

(0.03)

Provision for deferred income taxes on adjustments ¹

0.08

0.15

Subtotal of adjustments

($239)

($0.32)

($350)

($0.57)

Core loss per share (non-GAAP)

($1.24)

($2.90)

Diluted weighted average common shares outstanding (in millions)

756.6

616.3

¹ The income tax impact is calculated using the U.S. corporate statutory tax rate.

The Boeing Company and Subsidiaries

Reconciliation of Non-GAAP Measures

(Unaudited)

(Dollars in millions, except per share data)

First Half 2025

First Half 2024

$ millions

Per Share

$ millions

Per Share

Revenues

$42,245

$33,435

Earnings/(loss) from operations (GAAP)

285

(1,176)

Operating margins (GAAP)

0.7

(3.5)

FAS/CAS service cost adjustment:

Pension FAS/CAS service cost adjustment

(390)

(460)

Postretirement FAS/CAS service cost adjustment

(129)

(144)

FAS/CAS service cost adjustment

(519)

(604)

Core operating loss (non-GAAP)

($234)

($1,780)

Core operating margins (non-GAAP)

(0.6)

(5.3)

Diluted loss per share (GAAP)

($1.09)

($2.90)

Pension FAS/CAS service cost adjustment

($390)

($0.52)

($460)

($0.75)

Postretirement FAS/CAS service cost adjustment

(129)

(0.17)

(144)

(0.23)

Non-operating pension income

(85)

(0.11)

(245)

(0.40)

Non-operating postretirement income

(9)

(0.01)

(37)

(0.06)

Provision for deferred income taxes on adjustments ¹

129

0.17

186

0.30

Subtotal of adjustments

($484)

($0.64)

($700)

($1.14)

Core loss per share (non-GAAP)

($1.73)

($4.04)

Diluted weighted average common shares outstanding (in millions)

755.0

614.5

¹ The income tax impact is calculated using the U.S. corporate statutory tax rate.

View original content:https://www.prnewswire.com/news-releases/boeing-reports-second-quarter-results-302516005.html

SOURCE Boeing