Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 10

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 3
Chunk 10
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, which paused production of certain commercial aircraft models (737, 767, 777 and 777X aircraft) as well as production of commercial derivative aircraft for our Defense, Space & Security business (KC-46A Tanker and P-8A Poseidon). Production for all programs resumed in December 2024 and gradually ramped up during 2025.

Consolidated Results of Operations and Financial Condition

Consolidated Results of Operations

The following table summarizes key indicators of consolidated results of operations:

(Dollars in millions, except per share data)Nine months ended September 30Three months ended September 302025202420252024Revenues$65,515 $51,275 $23,270 $17,840 GAAPLoss from operations($4,496)($6,937)($4,781)($5,761)Operating margins(6.9)%(13.5)%(20.5)%(32.3)%Effective income tax rate(5.2)%1.8 %(2.7)%0.8 %Net loss attributable to Boeing shareholders($5,985)($7,952)($5,337)($6,170)Diluted loss per share($8.25)($12.91)($7.14)($9.97)Non-GAAP (1)Core operating loss($5,283)($7,769)($5,049)($5,989)Core operating margins(8.1)%(15.2)%(21.7)%(33.6)%Core loss per share($9.22)($14.52)($7.47)($10.44)

(1)These measures exclude certain components of pension and other postretirement benefit expense. See pages 53-54 for important information about these non-GAAP measures and reconciliations to the most directly comparable GAAP measures.

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Revenues

The following table summarizes Revenues:

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Commercial Airplanes$30,115 $18,099 $11,094 $7,443 Defense, Space & Security19,817 18,507 6,902 5,536 Global Services15,714 14,835 5,370 4,901 Unallocated items, eliminations and other(131)(166)(96)(40)