Boeing's Goings-On: Fool by Numbers

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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