26-Jan-2012 9:36 AM

Boeing net profit up 20% 4QFY2011; net profit up 21% in FY2011

Boeing reports the following financials highlights for 4Q2011 and FY2011::

  • Three months ended Dec-2011:
    • Revenue: USD19,555 million, +18% year-on-year;
    • Total costs: USD16,261 million, +21%;
    • Earnings from operations: USD1,597 milion, +45%;
    • Net income: USD1,393 million, +20%;
    • Operating cash flow: USD2,931 million, N/M;
    • Commercial aircraft delivered: 128, +10%;
  • 12 months ended Dec-2011:
    • Revenue: USD68,306 million, +7%;
      • Commercial Airplanes: USD36,171 million, +14%;
    • Total costs: USD55,867 million, +8%;
    • Earnings from operations: USD5,844 million, +18%;
    • Net income: USD4,018 million, +21%;
    • Operating cash flow: USD4,023 million, +36%.
    • Commercial aircraft delivered: 477, +3%.
  • FY2012 forecast:
    • Revenue: USD78 billion to USD80 billion;
    • Operating cash flow: More than USD5.0 billion;
    • Boeing Commercial Airplanes:
      • Revenue: USD47.5 billion to 49.5USD billion;
      • Deliveries: 585 to 600. 

Boeing: "The company's 2012 financial guidance reflects continued strong core performance, generating a 7% increase in adjusted earnings per share, which is offset by higher pension expense and other items. Boeing's 2012 revenue guidance is between USD78 and USD80 billion. Earnings guidance for 2012 is established at between USD4.05 and USD4.25 per share. Total pension expense in 2012 is expected to be USD2.6 billion (of which approximately USD1.0 billion is expected to be recorded in unallocated items and eliminations) or USD2.21 per share, an increase of USD0.83 per share from 2011. Operating cash flow is expected to be greater than USD5.0 billion in 2012, including USD1.5 billion of discretionary pension contributions.” Source: Company statement, 25-Jan-2012.

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