Skip to content
ChickenStockChickenStock
ResearchFilings

AI English summary of an SEC filing — figures as filed

Boeing logoBoeing BA

The company said revenues for the six months ended June 30, 2024 decreased by $4,237 million compared with the same period a year earlier. It cited 737 and 787 lower deliveries at Commercial Airplanes and 737-9 customer considerations, which drove the decline in that segment's revenues of $4,888 million.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenues for the six months ended June 30, 2024 decreased by $4,237 million compared with the same period a year earlier. It cited 737 and 787 lower deliveries at Commercial Airplanes and 737-9 customer considerations, which drove the decline in that segment's revenues of $4,888 million.

  2. The company said BCA's loss from operations for the 6 months rose to $1,858 million from $998 million in the same period a year earlier. It cited lower deliveries, lower margins driven by production disruption, and 737-9 customer considerations as factors.

  3. The company said net cash used by operating activities was $7.3 billion for the 6 months ended 2024, compared with net cash provided of $2.6 billion in the same period a year earlier. It attributed the change mainly to changes in commercial airplane program inventory.

  4. The company said total debt was $57.9 billion as of June 30, 2024, and it held cash of $10.9 billion. It also said it agreed the same day to acquire Spirit in an all-stock transaction valued at about $4.7 billion in equity.

Key figures

Quarter ended June 30, 2024

Revenue
$16.9B
Operating income
−$1.1B
Net income
−$1.4B
EPS
−$2.33
Gross profit
$1.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

2024 First-Half Revenue Decline and BCA Factors

The company said revenues for the six months ended June 30, 2024 decreased by $4,237 million compared with the same period a year earlier. It cited 737 and 787 lower deliveries at Commercial Airplanes and 737-9 customer considerations, which drove the decline in that segment's revenues of $4,888 million.

Source · Based on the MD&A text of the filing

BCA Loss From Operations Increase and Explanation

The company said BCA's loss from operations for the 6 months rose to $1,858 million from $998 million in the same period a year earlier. It cited lower deliveries, lower margins driven by production disruption, and 737-9 customer considerations as factors.

Source · Based on the MD&A text of the filing

First-Half Operating Cash Flow

The company said net cash used by operating activities was $7.3 billion for the 6 months ended 2024, compared with net cash provided of $2.6 billion in the same period a year earlier. It attributed the change mainly to changes in commercial airplane program inventory.

Source · Based on the MD&A text of the filing

Debt, Liquidity and Spirit Acquisition Agreement

The company said total debt was $57.9 billion as of June 30, 2024, and it held cash of $10.9 billion. It also said it agreed the same day to acquire Spirit in an all-stock transaction valued at about $4.7 billion in equity.

Source · Based on the MD&A text of the filing

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.