|
The Boeing Company and Subsidiaries |
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|
Consolidated Statements of Cash Flows |
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|
(Unaudited) |
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|
Nine months ended
|
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|
(Dollars in millions) |
2017 |
2016 |
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|
Cash flows – operating activities: |
||||||
|
Net earnings |
$5,065 |
$3,264 |
||||
|
Adjustments to reconcile net earnings to net cash provided by operating activities: |
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|
Non-cash items – |
||||||
|
Share-based plans expense |
151 |
144 |
||||
|
Depreciation and amortization |
1,487 |
1,364 |
||||
|
Investment/asset impairment charges, net |
75 |
61 |
||||
|
Customer financing valuation expense/(benefit) |
4 |
(5) |
||||
|
Loss on dispositions, net |
10 |
|||||
|
Other charges and credits, net |
190 |
219 |
||||
|
Changes in assets and liabilities – |
||||||
|
Accounts receivable |
(1,983) |
(517) |
||||
|
Inventories, net of advances and progress billings |
254 |
4,334 |
||||
|
Accounts payable |
778 |
1,366 |
||||
|
Accrued liabilities |
112 |
82 |
||||
|
Advances and billings in excess of related costs |
2,828 |
(1,717) |
||||
|
Income taxes receivable, payable and deferred |
1,465 |
(725) |
||||
|
Other long-term liabilities |
25 |
(67) |
||||
|
Pension and other postretirement plans |
(550) |
144 |
||||
|
Customer financing, net |
635 |
(195) |
||||
|
Other |
(96) |
(95) |
||||
|
Net cash provided by operating activities |
10,440 |
7,667 |
||||
|
Cash flows – investing activities: |
||||||
|
Property, plant and equipment additions |
(1,304) |
(2,014) |
||||
|
Property, plant and equipment reductions |
30 |
14 |
||||
|
Contributions to investments |
(2,847) |
(928) |
||||
|
Proceeds from investments |
2,612 |
956 |
||||
|
Purchase of distribution rights |
(131) |
|||||
|
Other |
4 |
8 |
||||
|
Net cash used by investing activities |
(1,636) |
(1,964) |
||||
|
Cash flows – financing activities: |
||||||
|
New borrowings |
876 |
1,323 |
||||
|
Debt repayments |
(83) |
(836) |
||||
|
Repayments of distribution rights and other asset financing |
(24) |
|||||
|
Stock options exercised |
291 |
192 |
||||
|
Employee taxes on certain share-based payment arrangements |
(118) |
(83) |
||||
|
Common shares repurchased |
(7,500) |
(6,501) |
||||
|
Dividends paid |
(2,575) |
(2,084) |
||||
|
Net cash used by financing activities |
(9,109) |
(8,013) |
||||
|
Effect of exchange rate changes on cash and cash equivalents |
73 |
(6) |
||||
|
Net decrease in cash and cash equivalents |
(232) |
(2,316) |
||||
|
Cash and cash equivalents at beginning of year |
8,801 |
11,302 |
||||
|
Cash and cash equivalents at end of period |
$8,569 |
$8,986 |
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|
Boeing Reports Third-Quarter Results; Raises Cash Flow and EPS Guidance
|
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