Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Boeing Co., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Sales of products	53,227)	65,581)	55,893)	51,386)	47,142)
Sales of services	13,290)	12,213)	10,715)	10,900)	11,016)
Revenues	66,517)	77,794)	66,608)	62,286)	58,158)
Cost of products	(57,394)	(59,864)	(53,969)	(49,954)	(54,568)
Cost of services	(11,114)	(10,206)	(9,109)	(9,283)	(9,232)
Cost of products and services	(68,508)	(70,070)	(63,078)	(59,237)	(63,800)
Boeing Capital interest expense	—)	—)	(28)	(32)	(43)
Costs and expenses	(68,508)	(70,070)	(63,106)	(59,269)	(63,843)
Gross profit (loss)	(1,991)	7,724)	3,502)	3,017)	(5,685)
Income (loss) from operating investments, net	71)	46)	(16)	210)	9)
General and administrative expense	(5,021)	(5,168)	(4,187)	(4,157)	(4,817)
Research and development expense, net	(3,812)	(3,377)	(2,852)	(2,249)	(2,476)
Gain on dispositions, net	46)	2)	6)	277)	202)
Loss from operations	(10,707)	(773)	(3,547)	(2,902)	(12,767)
Other income, net	1,222)	1,227)	1,058)	551)	447)
Interest and debt expense	(2,725)	(2,459)	(2,533)	(2,682)	(2,156)
Loss before income taxes	(12,210)	(2,005)	(5,022)	(5,033)	(14,476)
Income tax (expense) benefit	381)	(237)	(31)	743)	2,535)
Net loss	(11,829)	(2,242)	(5,053)	(4,290)	(11,941)
Net loss attributable to noncontrolling interest	12)	20)	118)	88)	68)
Net loss attributable to Boeing Shareholders	(11,817)	(2,222)	(4,935)	(4,202)	(11,873)
Mandatory convertible preferred stock dividends accumulated during the period	(58)	—)	—)	—)	—)
Net loss attributable to Boeing common shareholders	(11,875)	(2,222)	(4,935)	(4,202)	(11,873)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Download chart

Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Boeing Co. revenues increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Loss from operations	The net result for the period of deducting operating expenses from operating revenues.	Boeing Co. loss from operations increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Loss before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Boeing Co. loss before income taxes increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net loss attributable to Boeing Shareholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Boeing Co. net loss attributable to Boeing Shareholders increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Boeing Co. (NYSE:BA)

Income Statement