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

*Expressed in percentage points.

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%)

*Includes other liabilities

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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