Boeing's Goings-On: Fool by Numbers (BA)

Boeing's Goings-On: Fool by Numbers

By Motley Fool Contributors | More Articles
April 26, 2007 | Comments (0)

On April 25, aerospace and defense giant Boeing (NYSE: BA ) released first-quarter earnings for the period ended March 31.

Commercial airplane orders have helped the total backlog climb 23% to $262 billion.
Management expects revenues in the range of $64.5 billion to $65 billion for 2007, while revenues for 2008 are expected to range between $71 billion and $72 billion.
Earnings per share is expected to range between $4.55 and $4.75 for 2007 and $5.55 and $5.75 for 2008.
Motley Fool CAPS investors are generally bullish on the stock, collectively assigning it a four-star rating.

(Figures in millions, except per-share data.)

Income Statement Highlights

	Q1 2007	Q1 2006	Change
Sales	$15,365.0	$14,264.0	7.7%
Net Profit	$873.0	$692.0	26.2%
EPS	$1.12	$0.88	27.3%
Diluted Shares	777.4	791.8	(1.8%)

Get back to basics with the income statement.

Margin Checkup

	Q1 2007	Q1 2006	Change*
Gross Margin	20.7%	20.1%	0.6
Operating Margin	8.5%	6.7%	1.8
Net Margin	5.7%	4.9%	0.8

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Cash + ST Invest.	$5,277.0	$7,357.0	(28.3%)
Accounts Rec.	$5,505.0	$5,019.0	9.7%
Inventory	$8,400.0	$7,627.0	10.1%

Liabilities	Q1 2007	Q1 2006	Change
Accounts Payable	$15,921.0	$16,719.0	(4.8%)
Long-Term Debt	$8,149.0	$9,057.0	(10.0%)

The balance sheet reflects the company's health.

Cash Flow Highlights

	Q1 2007	Q1 2006	Change
Cash From Ops.	$728.0	$2,055.0	(64.6%)
Capital Expenditures	$451.0	$412.0	9.5%
Free Cash Flow	$277.0	$1,643.0	(83.1%)

Free cash flow is a Fool's best friend.

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.

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