Company: BA
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000012927-25-000031
Chunk: 32

Company: BOEING CO
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 32
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 participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings.Basic earnings per share is calculated by taking net earnings attributable to Boeing shareholders, less Mandatory convertible preferred stock dividends accumulated during the period and earnings available to participating securities, divided by the basic weighted average common shares outstanding.Diluted earnings per share is calculated by taking net earnings attributable to Boeing shareholders, less Mandatory convertible preferred stock dividends accumulated during the period and earnings available to participating securities, divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is calculated using the treasury stock method for share-based compensation awards and the if-converted method for Mandatory convertible preferred stock.The elements used in the computation of Basic and Diluted loss per share were as follows:(In millions - except per share amounts)Three months ended March 3120252024Net loss attributable to Boeing shareholders($37)($343)Less: Mandatory convertible preferred stock dividends accumulated during the period86 Less: earnings available to participating securitiesNet loss available to common shareholders($123)($343)BasicBasic weighted average shares outstanding753.6 613.2 Less: participating securities(1)0.2 0.3 Basic weighted average common shares outstanding753.4 612.9 DilutedDiluted weighted average shares outstanding753.6 613.2 Less: participating securities(1)0.2 0.3 Diluted weighted average common shares outstanding753.4 612.9 Net loss per share:Basic($0.16)($0.56)Diluted(0.16)(0.56)(1)Participating securities include certain instruments in our deferred compensation plan.The following table represents potential common shares that were not included in the computation of Diluted loss per share because the effect was antidilutive based on their strike price or the performance condition was not met.(Shares in millions)Three months ended March 3120252024Performance restricted stock units0.6 0.5 Restricted stock units0.5 Stock options0.9 0.8 

9

In addition, potential common shares of 37.1 million and 3.1 million for the three months ended March 31, 2025 and 2024 were excluded from the computation of Diluted loss per share, because the effect would have been antidilutive as a result of in