The Boeing Company and Subsidiaries
Reconciliation of Non-GAAP Measures
(Unaudited)
The tables provided below reconcile the non-GAAP financial measures core operating earnings, core operating margin, and core earnings per share with the most directly comparable GAAP financial measures, earnings from operations, operating margin, and diluted earnings per share. See page 6 of this release for additional information on the use of these non-GAAP financial measures.
|
(Dollars in millions, except per share data) |
Third Quarter |
Nine Months |
Guidance |
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|
2017 |
2016 |
2017 |
2016 |
2017 |
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|
Revenues |
$24,309 |
$23,898 |
$68,024 |
$71,285 |
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|
GAAP Earnings From Operations |
$2,689 |
$2,282 |
$7,248 |
$3,651 |
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|
Unallocated Pension Income |
($275) |
($50) |
($808) |
($129) |
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|
Unallocated Other Postretirement Benefit Income |
($41) |
($38) |
($146) |
($122) |
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|
Unallocated Pension and Other Postretirement Benefit Income |
($316) |
($88) |
($954) |
($251) |
~($1,220) |
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|
Core Operating Earnings (non-GAAP) |
$2,373 |
$2,194 |
$6,294 |
$3,400 |
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|
GAAP Diluted Earnings Per Share |
$3.06 |
$3.60 |
$8.27 |
$5.04 |
$11.20 - 11.40 |
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|
Unallocated Pension Income |
($0.45) |
($0.08) |
($1.31) |
($0.20) |
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|
Unallocated Postretirement Benefit Income |
($0.07) |
($0.06) |
($0.24) |
($0.19) |
($1.30) |
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|
Provision for deferred income taxes on adjustments (1) |
$0.18 |
$0.05 |
$0.54 |
$0.14 |
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|
Core Earnings Per Share (non-GAAP) |
$2.72 |
$3.51 |
$7.26 |
$4.79 |
$9.90 - 10.10 |
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|
Weighted Average Diluted Shares (millions) |
606.3 |
632.7 |
612.8 |
647.9 |
~ 610 |
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|
(1) The income tax impact is calculated using the tax rate in effect for the non-GAAP adjustments. |
