01—Abstract
Summary
Summary of the 10-K filed February 9, 2011. Cited figures are marked; the original filing is the authoritative source.
Boeing's 2010 10-K filing presents a company navigating a complex aerospace and defense landscape.
While specific financial performance figures for 2010 are not detailed in the provided excerpt, the report indicates the company's operational scope across commercial aviation and defense sectors. Investors should note the extensive information provided on business operations, risk factors, and management's discussion of financial condition. The filing also signals a focus on corporate governance and executive compensation, which are crucial for understanding the company's leadership and strategic direction.
The report emphasizes the importance of risk management, with a dedicated section for risk factors, suggesting potential challenges and uncertainties that could impact future performance. Investors are encouraged to review these sections thoroughly to gain a comprehensive understanding of the potential headwinds and tailwinds facing Boeing. The reference to the definitive proxy statement for Part III information further highlights the company's commitment to transparency regarding its leadership and shareholder matters.
02—Key points
Key Highlights
- The filing covers Boeing's fiscal year ending December 31, 2010, providing insights into the company's operations in both commercial aircraft and defense sectors.
- A significant portion of the report is dedicated to 'Risk Factors,' alerting investors to potential challenges and uncertainties.
- The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section is crucial for understanding the company's financial health and strategic outlook.
- The report indicates the incorporation of information by reference to the company's definitive proxy statement for details on directors, executive compensation, and corporate governance.
- Key financial data and comprehensive financial statements are available, forming the basis for performance analysis.
- The filing includes details on properties, legal proceedings, and controls and procedures, offering a broad view of the company's operational and compliance status.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2010, Boeing Co kept $0.05.
- Revenue$64.31B100.0%
- Cost of revenue−$51.84B80.6%
- Gross profit$12.46B19.4%
- Operating costs−$7.49B11.7%
- Operating income$4.97B7.7%
- Interest, other & tax−$1.66B2.6%
- Net income$3.31B5.1%
Where FY2010 revenue went
$64.31B- Cost of revenue: $51.84B, 81% of revenue
- Net income: $3.31B, 5.1% of revenue
- R&D: $4.12B, 6.4% of revenue
- Other operating costs: $3.37B, 5.2% of revenue
- Interest, other & tax: $1.66B, 2.6% of revenue
Kept 5.1% as net incomeNet income $3.31B · 5.1%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2010filed February 9, 2011Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $64.31B$68.28B | −5.8% |
| Cost of Revenue | $51.84B$56.54B | −8.3% |
| Gross Profit | $12.46B$11.74B | +6.1% |
| R&D Expenses | $4.12B$6.51B | −36.7% |
| Operating Income | $4.97B$2.10B | +137.2% |
| Net Income | $3.31B$1.31B | +152.1% |
| EPS (Basic) | $4.49$1.86 | +141.4% |
| EPS (Diluted) | $4.45$1.84 | +141.8% |
| Shares Outstanding (Basic) | 735.00M709.60M | +3.6% |
| Shares Outstanding (Diluted) | 741.20M713.40M | +3.9% |
05—Questions
Frequently Asked Questions
What are the primary business segments of Boeing as described in this 10-K?
This 10-K filing indicates that Boeing operates in two main segments: commercial aviation, which involves the development, manufacturing, and sale of commercial jet aircraft, and defense, space, and security, encompassing a range of military aircraft, missiles, satellites, and advanced defense systems.
What are some of the key risks that investors should be aware of based on this filing?
While specific risks are detailed in the 'Risk Factors' section (Item 1A), typical risks in the aerospace and defense industry include intense competition, dependence on government contracts, cyclical demand for commercial aircraft, production delays, regulatory changes, technological advancements, and global economic conditions. Investors should refer to the full 'Risk Factors' section for a comprehensive list.
Where can I find information on Boeing's financial performance and condition for 2010?
Detailed financial information for the year ended December 31, 2010, can be found in Item 6 (Selected Financial Data), Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations), and Item 8 (Financial Statements and Supplementary Data) of this 10-K report.
How can I learn about Boeing's executive compensation and corporate governance?
Information regarding Boeing's directors, executive officers, corporate governance, and executive compensation is primarily incorporated by reference to the company's definitive proxy statement, which is to be filed with the SEC. Relevant sections within this 10-K, such as Items 10, 11, 12, 13, and 14, provide further context or refer to these proxy statement details.
06—Continue