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, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Sales of products	65,581)	55,893)	51,386)	47,142)	66,094)
Sales of services	12,213)	10,715)	10,900)	11,016)	10,465)
Revenues	77,794)	66,608)	62,286)	58,158)	76,559)
Cost of products	(59,864)	(53,969)	(49,954)	(54,568)	(62,877)
Cost of services	(10,206)	(9,109)	(9,283)	(9,232)	(9,154)
Cost of products and services	(70,070)	(63,078)	(59,237)	(63,800)	(72,031)
Boeing Capital interest expense	—)	(28)	(32)	(43)	(62)
Costs and expenses	(70,070)	(63,106)	(59,269)	(63,843)	(72,093)
Gross profit (loss)	7,724)	3,502)	3,017)	(5,685)	4,466)
Income (loss) from operating investments, net	46)	(16)	210)	9)	(4)
General and administrative expense	(5,168)	(4,187)	(4,157)	(4,817)	(3,909)
Research and development expense, net	(3,377)	(2,852)	(2,249)	(2,476)	(3,219)
Gain on dispositions, net	2)	6)	277)	202)	691)
Loss from operations	(773)	(3,547)	(2,902)	(12,767)	(1,975)
Other income, net	1,227)	1,058)	551)	447)	397)
Interest and debt expense	(2,459)	(2,533)	(2,682)	(2,156)	(722)
Loss before income taxes	(2,005)	(5,022)	(5,033)	(14,476)	(2,300)
Income tax (expense) benefit	(237)	(31)	743)	2,535)	1,623)
Net loss	(2,242)	(5,053)	(4,290)	(11,941)	(677)
Net loss attributable to noncontrolling interest	20)	118)	88)	68)	41)
Net loss attributable to Boeing Shareholders	(2,222)	(4,935)	(4,202)	(11,873)	(636)

Based on: 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), 10-K (reporting date: 2019-12-31).

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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 2021 to 2022 and from 2022 to 2023.
Loss from operations	The net result for the period of deducting operating expenses from operating revenues.	Boeing Co. loss from operations decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 2021 to 2022 and from 2022 to 2023.
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 decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Boeing Co. (NYSE:BA)

Income Statement