On Jan. 31, Boeing (NYSE:BA) released fourth-quarter earnings for the period ended Dec. 31, 2006.
- Revenues increased 26.2%, thanks to "double-digit growth in its Commercial Airplanes and Integrated Defense Systems businesses."
- Boeing's revenue guidance for 2007 is in the range of $64.5 billion and $65 billion, reflecting completion of the United Launch Alliance transaction. For 2008, the company expects revenues between $71 billion and $72 billion.
- Seven hundred and sixty-six of 849 CAPS investors think Boeing will outperform the S&P 500. Do you agree or disagree? Let us know by becoming a part of our community intelligence database, CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$17,541.0 |
$13,901.0 |
26.2% |
|
Net Profit |
$980.0 |
$464.0 |
111.2% |
|
EPS |
$1.28 |
$0.59 |
116.9% |
|
Diluted Shares |
782.5 |
791.6 |
(1.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
17.6% |
14.6% |
3.0 |
|
Operating Margin |
6.6% |
3.9% |
2.7 |
|
Net Margin |
5.6% |
3.3% |
2.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6,386.0 |
$5,966.0 |
7.0% |
|
Accounts Rec. |
$5,285.0 |
$5,246.0 |
0.7% |
|
Inventory |
$8,105.0 |
$7,878.0 |
2.9% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$16,201.0 |
$16,513.0 |
(1.9%) |
|
Long-Term Debt |
$8,157.0 |
$9,538.0 |
(14.5%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$7,499 |
$7,000 |
7.1% |
|
Capital Expenditures |
$1,681 |
$1,547 |
8.7% |
|
Free Cash Flow |
$5,818 |
$5,453 |
6.7% |
Find out why Fools always follow the money.
Related Companies:
- Raytheon (NYSE:RTN)
- Lockheed Martin (NYSE:LMT)
- Rockwell Collins (NYSE:COL)
- General Dynamics (NYSE:GD)
Related Foolishness:
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