The company said revenues increased by $11,186 million in 2023 compared with 2022, with all three operating segments reporting higher revenues. BCA revenues rose $7,875 million, BDS revenues rose $1,771 million and BGS revenues rose $1,516 million. The company cited higher deliveries totaling 787 airplanes as the main driver of BCA's increase.

1. 01

   The company said revenues increased by $11,186 million in 2023 compared with 2022, with all three operating segments reporting higher revenues. BCA revenues rose $7,875 million, BDS revenues rose $1,771 million and BGS revenues rose $1,516 million. The company cited higher deliveries totaling 787 airplanes as the main driver of BCA's increase.

2. 02

   The company said its loss from operations decreased by $2,746 million in 2023 compared with 2022. It cited a reduction in the net unfavorable cumulative contract catch-up adjustments, which were $2,328 million better than the prior year, as the reason BDS loss from operations decreased by $1,780 million.

3. 03

   The company said net cash provided by operating activities was $6.0 billion in 2023, exceeding 2022 by $3.5 billion, and that it included an income tax refund of $1.5 billion in 2022. As of December 31, 2023, it held cash of $12.7 billion, short-term investments of $3.3 billion and unused borrowing capacity on revolving credit lines of $10.0 billion.

4. 04

   The company said cash used by financing activities was $5.5 billion in 2023, and that debt repayments net of new borrowings were $5.1 billion. Debt balances totaled $52.3 billion as of December 31, 2023 and $57.0 billion as of December 31, 2022, with $5.2 billion of each balance classified as short-term at both year-ends.

Key figures

Fiscal year ended December 31, 2023

Revenue

$77.8B

Operating income

−$773M

Net income

−$2.2B

EPS

−$3.67

Gross profit

$7.7B

Operating cash flow

$6.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.