On Oct. 25, defense giant Boeing
- With Boeing's revenue increasing by 19.3% and a backlog of $229 billion, the demand for the company's commercial aircraft remains strong.
- A $615 million settlement with the U.S. Department of Justice took a sizeable chunk out of operating cash flow. The settlement related to the improper hiring of a former Air Force acquisition official and the mishandling of Lockheed Martin's proprietary data.
- The commercial airlines segment held the torch with a 61% increase in Q3 revenues of $6.7 billion year over year.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|---|
Sales* |
$15,068 |
$14,739 |
$12,355 |
19.3% |
Net Profit |
-- |
$694 |
$1,009 |
(31.2%) |
EPS |
$0.63 |
$0.89 |
$1.26 |
(29.6%) |
Diluted Shares |
-- |
784 |
803 |
(2.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
19.92% |
15.67% |
4.25 |
Operating Margin |
6.45% |
6.18% |
0.27 |
Net Margin |
4.71% |
8.17% |
(3.46) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$5,621 |
$5,074 |
10.8% |
Accounts Rec. |
$5,256 |
$4,997 |
5.2% |
Inventory |
$8,173 |
$6,877 |
18.8% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable* |
$16,741 |
$16,912 |
(1.0%) |
Long-Term Debt |
$8,549 |
$10,136 |
(15.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$5,058 |
$4,613 |
9.6% |
Capital Expenditures |
$1,093 |
$1,074 |
1.8% |
Free Cash Flow |
$3,965 |
$3,539 |
12.0% |
Find out why Fools always follow the money.
Related companies:
-
Lockheed Martin
(NYSE:LMT) -
Northrop Grumman
(NYSE:NOC) -
Raytheon
(NYSE:RTN)
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