Boeing Reports First-Quarter Results
Source: Boeing First Quarter 2022 737 production and deliveries continue to increase; submitted 787 certification plan to the FAA Launched 777-8 Freighter; now anticipate first 777-9 delivery in 2025 Recorded charges on fixed-price defense development programs as well as for impacts of the war in Ukraine Operating cash flow of ($3.2) billion; continue to expect positive cash flow for 2022 Revenue of $14.0 billion; GAAP loss per share of ($2.06) and core (non-GAAP)* loss per share of ($2.75) Total backlog of $371 billion; including nearly 4,200 commercial airplanes Table 1. Summary Financial Results First Quarter (Dollars in Millions, except per share data) 2022 2021 Change Revenues $13,991 $15,217 (8)% GAAP Loss From Operations ($1,169) ($83) NM Operating Margin (8.4)% (0.5)% NM Net Loss ($1,242) ($561) NM Loss Per Share ($2.06) ($0.92) NM Operating Cash [...]