Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 220

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 220
---
 of pension and other postretirement costs, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations” on page 28 of this Form 10-K and see Note 23 to our Consolidated Financial Statements. 

Management uses Core operating earnings/(loss), Core operating margins and Core earnings/(loss) per share for purposes of evaluating and forecasting underlying business performance. Management believes these core earnings measures provide investors additional insights into operational performance as unallocated pension and other postretirement benefit costs primarily represent costs driven by market factors and costs not allocable to U.S. government contracts.

47

Reconciliation of Non-GAAP Measures to GAAP Measures

The table below reconciles the non-GAAP financial measures of Core operating loss, Core operating margins and Core loss per share with the most directly comparable GAAP financial measures of Loss from operations, Operating margins and Diluted loss per share.

(Dollars in millions, except per share data)Years ended December 31, 202420232022Revenues$66,517 $77,794 $66,608 Loss from operations, as reported($10,707)($773)($3,519)Operating margins(16.1)%(1.0)%(5.3)%Pension FAS/CAS service cost adjustment(1)($811)($799)($849)Postretirement FAS/CAS service cost adjustment(1)(293)(257)(294)FAS/CAS service cost adjustment(1)($1,104)($1,056)($1,143)Core operating loss (non-GAAP)($11,811)($1,829)($4,662)Core operating margins (non-GAAP)(17.8)%(2.4)%(7.0)%Diluted loss per share, as reported($18.36)($3.67)($8.30)Pension FAS/CAS service cost adjustment(1)(1.26)(1.32)(1.43)Postretirement FAS/CAS service cost adjustment(1)(0.45)(0.42)(0.49)Non-operating pension income(2)(0.74)(0.87)(1.47)Non-operating postretirement income(2)(0.11)(0.10)(0.10)Provision for deferred income taxes on adjustments (3)0.54 0.57 0.73 Core loss per share (non-GAAP)