Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 24

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 24
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Item 1. Financial Statements

The Boeing Company and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

(Dollars in millions, except per share data)Three months ended March 3120252024Sales of products$16,147 $13,268 Sales of services3,349 3,301 Total revenues19,496 16,569 Cost of products(14,379)(12,064)Cost of services(2,700)(2,629)Total costs and expenses(17,079)(14,693)2,417 1,876 Income from operating investments, net3 67 General and administrative expense(1,112)(1,161)Research and development expense, net(844)(868)Loss on dispositions, net(3)Earnings/(loss) from operations461 (86)Other income, net323 277 Interest and debt expense(708)(569)Earnings/(loss) before income taxes76 (378)Income tax (expense)/benefit(107)23 Net loss(31)(355)Less: net earnings/(loss) attributable to noncontrolling interest6 (12)Net loss attributable to Boeing shareholders(37)(343)Less: Mandatory convertible preferred stock dividends accumulated during the period86  Net loss attributable to Boeing common shareholders($123)($343)Basic loss per share($0.16)($0.56)Diluted loss per share($0.16)($0.56)

See Notes to the Condensed Consolidated Financial Statements.

1

Table of Contents

The Boeing Company and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income 

(Unaudited)

(Dollars in millions)Three months ended March 312025 2024 Net loss($31)($355)Other comprehensive income/(loss), net of tax:Currency translation adjustments46 (35)Derivative instruments:Unrealized gains/(losses) arising during period, net of tax of ($20) and $1968 (65)Reclassification adjustment for losses included in net loss, net of tax of ($5) and ($2)18 7 Total unrealized gain/(loss) on derivative instruments, net of tax86 (58)Defined benefit pension plans and other postretirement benefits:Net actuarial loss arising during the period, net of tax of $0 and $17 (19)Amortization of