26-Jan-2017 8:42 AM

Boeing reports 'solid' results in 4Q2016

Boeing revenue down 1% – financial highlights:

  • Three months ended 31-Dec-2016:
    • Revenue: 23,286 million, -1.2% year-on-year;
      • Commercial airplanes: USD16,241 million, +1%;
    • Operating profit: USD2183 million, +88%;
      • Commercial airplanes: USD1473 million, +160%;
    • Net profit: USD1631 million, +59%;
    • Commercial airplane deliveries: 185, +2%;
  • 12 months ended 31-Dec-2016:
    • Revenue: USD94,571 million, -1.6%;
      • Commercial airplanes: USD85,069 million, -1%;
    • Operating profit: USD5834 million, -21.6%;
      • Commercial airplanes: USD3130 million, -39%;
    • Net profit: USD4895 million, -5.4%;
    • Commercial airplane deliveries: 748, -2%;
    • Total assets: USD89,997 million;
    • Cash and cash equivalents: USD8801 million;
    • Total liabilities: USD89,120 million;
  • 2017 forecast:
    • Revenue: USD90.5 billion to USD92.5 billion;
    • Commercial airplanes: USD62.5 billion to USD63.5 billion;
    • Commercial airplane deliveries: 760-765;
    • Research and development: USD3.6 billion;
    • Capital expenditure: USD2.3 billion. [more - original PR]

Boeing: "With solid fourth quarter operating performance and a sharp strategic focus, we extended our aerospace market leadership in our centennial year and positioned Boeing for continued growth and success in our second century," Dennis Muilenburg, Chairman, President and CEO. Source: Company statement, 25-Jan-2017.

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