Boeing Q3 2020 Earnings Report
Key Takeaways
Boeing reported a third-quarter revenue of $14.1 billion, with a GAAP loss per share of ($0.79) and a core loss per share (non-GAAP) of ($1.39). The results reflect lower commercial deliveries and services volume primarily due to COVID-19. Boeing recorded an operating cash flow of ($4.8) billion.
Financial results continue to be significantly impacted by COVID-19 and the 737 MAX grounding.
Proactively managing liquidity and transforming for the future.
Revenue of $14.1 billion, GAAP loss per share of ($0.79) and core (non-GAAP)* loss per share of ($1.39).
Total backlog of $393 billion, including more than 4,300 commercial airplanes
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Boeing Revenue by Segment
Forward Guidance
Boeing expects to continue lowering overall staffing levels through natural attrition as well as voluntary and involuntary workforce reductions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income