Boeing Files 2024 10-K: Financials Revealed

TL;DR

Boeing's 2024 10-K is in. Check revenues, debt, and liabilities.

AI Summary

Boeing Co. filed its 2024 10-K on February 3, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The filing provides comprehensive information on the company's revenues, long-term debt, and various liabilities. Boeing, headquartered in Arlington, VA, operates within the aircraft manufacturing industry.

Why It Matters

This filing provides investors and analysts with a detailed look at Boeing's financial health, including its debt levels and revenue streams, which are crucial for understanding the company's stability and future prospects.

Risk Assessment

Risk Level: medium — Boeing operates in a highly regulated and cyclical industry with significant capital requirements and competitive pressures, which inherently carries medium risk.

Key Numbers

• 2024 — Fiscal Year (The period covered by the 10-K filing.)
• 1231 — Fiscal Year End (Indicates the end date of the reporting period.)
• 0000012927 — Central Index Key (Unique identifier for Boeing in SEC filings.)

Key Players & Entities

• BOEING CO (company) — Filer of the 10-K
• 20241231 (date) — Fiscal year end
• 20250203 (date) — Filing date
• AIRCRAFT (industry) — Standard Industrial Classification
• 929 LONG BRIDGE DRIVE (address) — Company business and mailing address
• ARLINGTON (location) — Company headquarters city
• VA (location) — Company headquarters state

FAQ

Key Financial Figures

• $5.00 — ange on which registered Common Stock, $5.00 Par Value BA New York Stock Exchange D
• $1.00 — Mandatory Convertible Preferred Stock, $1.00 Par Value BA-PRA New York Stock Exchang

Filing Documents

• ba-20241231.htm (10-K) — 3258KB
• a202412dec3110kex41.htm (EX-4.1) — 394KB
• a202412dec3110kex109.htm (EX-10.9) — 86KB
• a202412dec3110kex1012.htm (EX-10.12) — 332KB
• a202412dec3110kex1013.htm (EX-10.13) — 46KB
• a202412dec3110kex1014.htm (EX-10.14) — 109KB
• a202412dec3110kex1015.htm (EX-10.15) — 121KB
• a202412dec3110kex1044.htm (EX-10.44) — 55KB
• a202412dec3110kex19.htm (EX-19) — 40KB
• a202412dec3110kex21.htm (EX-21) — 11KB
• a202412dec3110kex23.htm (EX-23) — 10KB
• a202412dec3110kex311.htm (EX-31.1) — 10KB
• a202412dec3110kex312.htm (EX-31.2) — 10KB
• a202412dec3110kex321.htm (EX-32.1) — 4KB
• a202412dec3110kex322.htm (EX-32.2) — 4KB
• image_1.jpg (GRAPHIC) — 2KB
• ba-20241231_g1.jpg (GRAPHIC) — 579KB
• 0000012927-25-000015.txt ( ) — 22987KB
• ba-20241231.xsd (EX-101.SCH) — 150KB
• ba-20241231_cal.xml (EX-101.CAL) — 212KB
• ba-20241231_def.xml (EX-101.DEF) — 795KB
• ba-20241231_lab.xml (EX-101.LAB) — 1600KB
• ba-20241231_pre.xml (EX-101.PRE) — 1213KB
• ba-20241231_htm.xml (XML) — 3563KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 6 Item 1B. Unresolved Staff Comments 19 Item 1C. Cybersecurity 19 Item 2.

Properties

Properties 21 Item 3.

Legal Proceedings

Legal Proceedings 22 Item 4. Mine Safety Disclosures 22 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 23 Item 6. [Reserved] 23 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 52 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 53 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 127 Item 9A.

Controls and Procedures

Controls and Procedures 127 Item 9B. Other Information 127 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 127 PART III Item 10. Directors, Executive Officers and Corporate Governance 128 Item 11.

Executive Compensation

Executive Compensation 130 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 131 Item 13. Certain Relationships and Related Transactions, and Director Independence 131 Item 14. Principal Accountant Fees and Services 132 PART IV Item 15. Exhibits, Financial Statement Schedules 132 Item 16. Form 10-K Summary 136

Signatures

Signatures 137 Table of Contents PART I

Business

Item 1. Business The Boeing Company, together with its subsidiaries (herein referred to as "Boeing," the "Company," "we," "us," "our"), is one of the world's major aerospace firms. We are organized based on the products and services we offer. We operate in three reportable segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS). Commercial Airplanes Segment This segment develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a leading producer of commercial aircraft and offer a family of commercial jetliners designed to meet a broad spectrum of global passenger and cargo requirements of airlines. This family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Development continues on the 777X program and the 737-7 and 737-10 derivatives. Defense, Space & Security Segment This segment engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft; vertical lift, including rotorcraft and tilt-rotor aircraft; and commercial derivative aircraft, including anti-submarine and tanker aircraft. In addition, this segment engages in the research, development, production and modification of the following products and related services: strategic defense and intelligence systems, including strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), cyber and information solutions, and intelligence systems, satellite systems, including government and commercial satellites and space exploration. Global Services Segment This segment provides services to our commercial and defense customers worldwide. Global Services sustains aerospace platforms and systems with a full spectrum of produc

Risk Factors

Item 1A. Risk Factors An investment in our securities involves risks and uncertainties, including those described below, which can materially affect our business, financial position, results of operations and cash flows. These risk factors should be carefully reviewed in conjunction with the other information in this report, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements and related notes. Due to risks and uncertainties, known and unknown, our past financial results may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results or trends in future periods. Risks Related to Our Business and Operations We depend heavily on commercial airlines, subjecting us to unique risks. Market conditions have a significant impact on demand for our commercial aircraft and related services. The commercial aircraft market is predominantly driven by long-term trends in airline passenger and cargo traffic. The principal factors underlying long-term traffic growth are sustained economic growth and political stability in both developed and emerging markets. Demand for our commercial aircraft is further influenced by additional factors including airline profitability, availability of aircraft financing, trade policies, geopolitics, technological advances, price and other competitive factors, fuel prices, inflationary pressures, terrorism, pandemics, epidemics, sustainability-related preferences, environmental regulations, and reputational factors. Historically, the airline industry has been cyclical and very competitive and has experienced significant profit swings and constant challenges to be more cost competitive. Significant deterioration in the global economic environment, the airline industry generally or the financial stability of one or more of our major customers could result in fewer new orders for aircraft or services, or could

View Full Filing

View this 10-K filing on SEC EDGAR