01—Abstract
Summary
Summary of the 10-K/A filed February 10, 2017. Cited figures are marked; the original filing is the authoritative source.
This filing represents an amendment to Boeing's 2016 Form 10-K, primarily to include additional information regarding activities and expenditures in Iran and Sudan as required by the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act.
Investors should note that this amendment does not introduce new financial data or operational updates from the original filing, which was submitted on February 8, 2017. The core financial performance and strategic outlook for 2016 remain as presented in the initial report. Key details from the original 10-K (not detailed in this amendment) would cover Boeing's performance across its Commercial Airplanes and Defense, Space & Security segments.
Investors looking at this amendment should focus on the additional disclosures related to sanctioned countries, ensuring compliance with regulations, and any potential business conducted within these regions, as these could present regulatory or reputational risks. The amendment confirms that the consolidated financial statements and the overall financial picture remain unchanged.
02—Key points
Key Highlights
- Amendment focuses on disclosures related to Section 13(r) of the Securities Exchange Act and the Iran Threat Reduction and Syria Human Rights Act of 2012.
- Additional information regarding business activities and expenditures in Iran and Sudan has been filed as Exhibit 99.2.
- This amendment does not alter the financial statements or the overall financial results reported in the original Form 10-K.
- New certifications under Section 31(i) and 31(ii) have been included.
- Item 15 has been updated to reflect the inclusion of Exhibit 99.2.
- The filing date of this amendment is February 9, 2017, but it speaks as of the original filing date of February 8, 2017.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2016, Boeing Co kept $0.05.
- Revenue$93.50B100.0%
- Cost of revenue−$79.03B84.5%
- Gross profit$14.47B15.5%
- Operating costs−$7.94B8.5%
- Operating income$6.53B7.0%
- Interest, other & tax−$1.49B1.6%
- Net income$5.03B5.4%
Where FY2016 revenue went
$93.50B- Cost of revenue: $79.03B, 85% of revenue
- Net income: $5.03B, 5.4% of revenue
- R&D: $4.63B, 4.9% of revenue
- Other operating costs: $3.32B, 3.5% of revenue
- Interest, other & tax: $1.49B, 1.6% of revenue
Kept 5.4% as net incomeNet income $5.03B · 5.4%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2016filed February 10, 2017Financial Statements
FY2016 against FY2015
| Line item | FY2016FY2015 | Change |
|---|---|---|
| Revenue | $93.50B$96.11B | −2.7% |
| Cost of Revenue | $79.03B$82.09B | −3.7% |
| Gross Profit | $14.47B$14.03B | +3.2% |
| R&D Expenses | $4.63B$3.33B | +38.9% |
| Operating Income | $6.53B$7.44B | −12.3% |
| Net Income | $5.03B$5.18B | −2.7% |
| EPS (Basic) | $7.92$7.52 | +5.3% |
| EPS (Diluted) | $7.83$7.44 | +5.2% |
| Shares Outstanding (Basic) | 636.50M688.00M | −7.5% |
| Shares Outstanding (Diluted) | 642.80M695.00M | −7.5% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this amended 10-K filing?
This amended filing (10-K/A) is primarily to comply with regulatory requirements by including additional disclosures concerning Boeing's business activities and expenditures in Iran and Sudan, as mandated by U.S. law. No other financial or operational aspects of the original 10-K are changed by this amendment.
Does this amendment impact Boeing's reported financial performance for 2016?
No, this amendment explicitly states that it does not make any changes to the consolidated financial statements or the financial performance reported in the original Form 10-K filed on February 8, 2017. The core financial data remains the same.
What specific information is being added in Exhibit 99.2?
Exhibit 99.2 contains information previously provided pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended. This typically relates to specific business activities, transactions, or expenditures involving Iran or Sudan.
Should investors be concerned about potential risks associated with the disclosed activities in Iran and Sudan?
Investors should review the disclosures in Exhibit 99.2 to understand the nature and extent of Boeing's activities in these regions. Such activities can carry regulatory, compliance, and geopolitical risks. However, the amendment itself does not indicate any new or escalated issues beyond what is being disclosed to meet reporting requirements.
06—Continue