Boeing Reports Fourth-Quarter 2021: $14.8 billion revenue

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Boeing Reports Fourth-Quarter 2021: $14.8 billion revenue
The Boeing Company reported fourth-quarter revenue of $14.8 billion, reflecting higher commercial volume and lower defence revenue. GAAP loss per share of ($7.02) and core loss per share (non-GAAP)* of ($7.69) reflect lower charges and higher commercial volume. Boeing recorded an operating cash flow of $0.7 billion.
“2021 was a rebuilding year for us as we overcame hurdles and reached key milestones across our commercial, defence and services portfolios. We increased 737 MAX production and deliveries and safely returned the 737 MAX to service in nearly all global markets. As the commercial market recovery gained traction, we also generated robust commercial orders, including record freighter sales. Demonstrating progress in our overall recovery, we also returned to generating positive cash flow in the fourth quarter,” said David Calhoun, Boeing President and Chief Executive Officer.According to the company statement, the total company backlog at quarter-end was $377 billion.

The financial report stated that the company paid $402 million pre-tax in charges for KC-46A Pegasus tanker in 2021. The US Air Force is not satisfied for the tanker and the company has the responsibility to solve them.

Boeing Reports Fourth-Quarter 2021: $14.8 billion revenue
Boeing 4Q21.pdf

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