1. Boeing reported Q4 2024 revenue of $15.2 billion, down 31%. 2. The company faced significant losses: net loss of $3.9 billion. 3. Operating cash flow for Q4 2024 was negative $3.5 billion. 4. Total backlog at quarter end was $521 billion, indicating future demand. 5. Commercial airplane deliveries decreased by 64% in Q4 2024.
The substantial losses and reduced revenues signify ongoing operational challenges. Past trends show similar earnings disappointments can lead to price declines.
The significant financial losses and operating challenges highlighted are crucial for evaluating Boeing's stock prospects.
Immediate financial performance issues are likely to influence stock price quickly based on investor sentiment.
| Fourth Quarter | Full Year | (Dollars in Millions, except per share data) |
|---|---|---|
| 2024 | ||
| Revenues | $15,242 | $66,517 |
| GAAP | (Loss)/earnings from operations | ($3,770) |
| Operating margins | (24.7)% | NM |
| Net loss | ($3,861) | ($11,829) |
| 2023 | ||
| Revenues | $22,018 | $77,794 |
| GAAP | $283 | ($773) |
| Operating margins | 1.3% | (1.0)% |
| Net loss | ($30) | ($2,242) |
The Boeing Company [NYSE: BA] recorded fourth quarter revenue of $15.2 billion, GAAP loss per share of ($5.46) and core loss per share (non-GAAP)* of ($5.90) primarily reflecting previously announced impacts of the IAM work stoppage and agreement, charges for certain defense programs, and costs associated with workforce reductions announced last year. Boeing reported operating cash flow of ($3.5) billion and free cash flow of ($4.1) billion (non-GAAP)*.
"We made progress on key areas to stabilize our operations during the quarter and continued to strengthen important aspects of our safety and quality plan," said Kelly Ortberg, Boeing president and chief executive officer.
| Fourth Quarter | Full Year | (Millions) |
|---|---|---|
| 2024 | 2023 | Operating cash flow |
| ($3,450) | $3,381 | ($12,080) |
| Less additions to property, plant & equipment | ($648) | ($1,527) |
| Free cash flow* | ($4,098) | $2,950 |
*Non-GAAP measure; complete definitions of Boeing's non-GAAP measures are on page 5, "Non-GAAP Measures Disclosures."
| Quarter End | (Billions) | |
|---|---|---|
| 4Q 2024 | Cash | $13.8 |
| 3Q 2024 | Marketable securities | $12.5 |
| Total | $26.3 | $10.5 |
| Consolidated debt | $53.9 | $57.7 |
Cash and investments in marketable securities totaled $26.3 billion, compared to $10.5 billion at the beginning of the quarter, primarily driven by a $24 billion capital raise partially offset by free cash flow usage and debt repayment in the quarter.