Boeing Q4 2020 Earnings Report
Key Takeaways
Boeing reported a fourth-quarter revenue of $15.3 billion, with a GAAP loss per share of ($14.65) and a core loss per share (non-GAAP) of ($15.25). The results reflect the impact of COVID-19 on commercial deliveries and services, 787 production issues, and a $6.5 billion pre-tax charge on the 777X program.
Revenue was $15.3 billion, a 15% decrease compared to Q4 2019.
GAAP loss per share was ($14.65), and core (non-GAAP) loss per share was ($15.25).
Operating cash flow was ($4.0) billion.
The 777X program recorded a $6.5 billion pre-tax charge, with the first delivery expected in late 2023.
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Boeing Revenue by Segment
Forward Guidance
While the impact of COVID-19 presents continued challenges for commercial aerospace into 2021, Boeing remains confident in its future, squarely-focused on safety, quality and transparency as it rebuilds trust and transforms its business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income