Summary by Moomoo AI
Boeing reported Q4 2024 revenue of $15.2 billion, down 31% YoY, with a GAAP loss of $3.9 billion or $5.46 per share. The results were impacted by IAM work stoppage, defense program charges totaling $1.7 billion, and workforce reduction costs. Operating cash flow was negative $3.5 billion, reflecting lower commercial deliveries and unfavorable working capital timing.Commercial Airplanes segment delivered 57 aircraft in Q4, down 64% YoY, with revenue falling 55% to $4.8 billion. The segment recorded $1.1 billion in pre-tax charges on 777X and 767 programs. Defense, Space & Security revenue declined 20% to $5.4 billion with a $2.3 billion operating loss. Global Services remained profitable with revenue up 6% to $5.1 billion.The company ended Q4 with $26.3 billion in cash and investments, bolstered by a $24 billion capital raise, while total debt decreased to $53.9 billion. Total backlog stood at $521 billion, including over 5,500 commercial airplanes valued at $435 billion. The 737 program has resumed production and plans gradual rate increases, while the 777X program restarted FAA certification flight testing in January 2025.
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