Boeing's Revenue Drops by 15% to $16.9B in Q2, Reflecting Operational Challenges
The Boeing Company [BA] reported a loss of $1.09 billion in the second quarter of 2024, ending on June 30. This figure reflects a decrease from the previous quarter's results.
The company, headquartered in Arlington, Virginia, reported to SEC in an 8-K filing $-2.33 earnings per share in the quarter, compared to $-0.25 in the previous quarter.
The Boeing Company, a major player in the aerospace and defense sector, reported revenue of $16.9 billion. This figure represents a decrease compared to the company's previous quarter.
In comparison to the same quarter of the previous year, Boeing's revenue for the current quarter saw a decrease. Additionally, the company experienced a percentage change in profit or loss in the current quarter compared to the same quarter of the previous year.
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As of August 7, 2024 end of day trading.
Dollars in millions | Jun 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|
Income Statement |
| Revenue | $16,866.0 | $77,794.0 | $18,104.0 | $19,751.0 |
| Operating Profit | -$1,090.0 | -$773.0 | -$808.0 | -$99.0 |
| Net Income | -$1,439.0 | -$2,242.0 | -$1,638.0 | -$149.0 |
| Net Cash | -$1,798.0 | -$1,934.0 | -$7,815.0 | -$7,372.0 |
| Gross Margin | $1,229.0 | $7,724.0 | $1,165.0 | $1,939.0 |
| Operating Margin | -$0.0 | -$0.0 | -$0.0 | -$0.0 |
| Profit as % of Revenues | -85.41 | -344.51 | 6.44 | 9.82 |
| Profit as % of Assets | -1.80 | -2.09 | -1.21 | -0.11 |
| Profit as % of Stockholder Equity | 8.00 | 13.01 | 9.80 | 0.96 |
| Return on Equity | 8.00 | 13.01 | 9.80 | -1.62 |
| Return on Assets | -1.01 | -1.64 | -1.22 | 0.19 |
| Turnover Ratio | 21.14 | 72.43 | 0.13 | 0.15 |
| EBITA | -$1,090.0 | -$773.0 | | |
Balance Sheet |
| Total Assets | $142,720.0 | $137,012.0 | $134,281.0 | $134,774.0 |
| Total Liabilities | $160,702.0 | $154,240.0 | $150,998.0 | $150,267.0 |
Cash Flow Statement |
| Operating Cash Flow | -$7,285.0 | $5,960.0 | $2,579.0 | $2,557.0 |
| Investing Cash Flow | -$26.0 | -$2,437.0 | -$5,241.0 | -$4,838.0 |
| Financing Cash Flow | $5,538.0 | -$5,487.0 | -$5,131.0 | -$5,093.0 |
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