EX-99.1 2 a202409sep308kprex991.htm EX-99.1 Document
展示99.1
pressreleaseheadera.jpg
ボーイングは第三四半期の業績を報告しました
2024年第3四半期
•財務は、国際機械師および航空宇宙労働組合（IAM）の労働ストップと以前に発表された商業およびディフェンスプログラムに対する請求の影響を反映しています
•売上高は178億ドルで、株主1株当たりのGAAP損失は（9.97ドル）、コア（非GAAP）損失は（10.44ドル）です。
•1.3十億ドルの営業キャッシュフローと2.0十億ドルのフリーキャッシュフロー（非米国会計基準）*
•合計の公司のバックログは5110億ドルで、商用航空機5400機以上を含んでいます。
テーブル 1.財務結果の概要第 3 クォーターナイン・カ月
（百万ドル、1株あたりのデータを除く）20242023変更20242023変更
収入$17,840 $18,104 (1)%$51,275 $55,776 (8)%
ギャップ
事業による損失($5,761)($808)NM($6,937)($1,056)NM
営業利益率(32.3)%(4.5)%NM(13.5)%(1.9)%NM
純損失($6,174)($1,638)NM($7,968)($2,212)NM
1株当たりの基本損失($9.97)($2.70)NM($12.91)($3.64)NM
営業キャッシュフロー($1,345)$22 NM($8,630)$2,579 NM
非GAAP*
コア営業損失($5,989)($1,089)NM($7,769)($1,919)NM
コア営業利益率(33.6)%(6.0)%NM(15.2)%(3.4)%NM
1株当たりのコアロス($10.44)($3.26)NM($14.52)($5.35)NM
*非米国一般に受け入れられた会計原則（GAAP）指標。ボーイングの非GAAP指標の完全な定義は、「非GAAP指標開示」のページ5にあります。    
ボーイングは、2024年10月23日にバージニア州アーリントンで ボーイング（NYSE：BA）は、第3四半期の売上高が178億ドル、株式利益（GAAP）が1株当たり（9.97）ドルの損失、コア利益が1株当たり（非GAAP(※)）が（10.44）ドルの損失（表1）を記録し、主にIAM労働停止の影響と、商業およびディフェンスプログラムへの事前に発表された費用が反映されています。ボーイングは営業キャッシュフローが（13）億ドル、フリーキャッシュフローが（20）億ドル（非GAAP(※)）を報告しました。
「ボーイングを元の栄光に戻すには時間がかかるでしょうが、適切な焦点と文化を持って、再び象徴的な企業や航空宇宙のリーダーになることができます」と、ボーイングの社長兼最高経営責任者であるケリー・オートバーグ氏は述べています。「今後は、文化を根本的に変え、ビジネスを安定させ、プログラムの実行を改善し、ボーイングの未来の基盤を築くことに焦点を当てていく予定です。」





1
展示99.1
テーブル 2.キャッシュフロー
第 3 クォーターナイン・カ月
(数百万)2024202320242023
営業キャッシュフロー($1,345)$22 ($8,630)$2,579 
不動産、プラント、設備への追加が少ない($611)($332)($1,582)($1,096)
フリーキャッシュフロー*($1,956)($310)($10,212)$1,483 
*非米国一般に受け入れられた会計原則（GAAP）指標。ボーイングの非GAAP指標の完全な定義は、「非GAAP指標開示」のページ5にあります。    
四半期の営業キャッシュフローは13億ドルのマイナスで、商用ワイドボディ機の納入数が減少したこと、および不利な運転資金のタイミング（IAM労組のストップページの影響を含む）を反映しています。 （表2）

表3.現金、有価証券および債務残高
四半期終了
（十億ドル）3Q 20242Q 2024
現金$10.0 $10.9 
売買可能有価証券1
$0.5$1.7
総計$10.5$12.6
包括債務$57.7$57.9
1 売り上げ可能証券は、主に1年以内に期限が切れる預金を「短期投資」として分類されるものです。
現金と売り出し可能証券の投資は、1億5,000万ドルで、前年比は1億6,000万ドルでした
四半期の開始 四半期中のフリーキャッシュフローの使用によって推進されました（表3）。10月に、会社は新たに100億ドルの短期信用施設に参入し、合計200億ドルの信用施設にアクセスできるようになりましたが、未使用のままです。
四半期末の総社内未処理業務残高は511億ドルでした。
2
展示99.1
リインシュアランス: 総保険料収入は前年同期比で9.7%増の20億ドルに改善しました。我々の見積もりは28億ドルでした。
商業航空機
テーブル 4.民間航空機第 3 クォーターナイン・カ月
(百万ドル)20242023変更20242023変更
デリバリー116 105 10%291 371 (22)%
収入$7,443 $7,876 (5)%$18,099 $23,420 (23)%
事業による損失
($4,021)($678)NM($5,879)($1,676)NM
営業利益率(54.0)%(8.6)%
NM
(32.5)%(7.2)%
NM
商用航空機の第3四半期の売上高は74億ドルで、営業利益率は(54.0)％であり、777Xおよび767プログラムに関する事前発表の税前費用30億ドル、IAMの作業停止、および研究開発を含む期間の費用の増加を反映しています（表4）。
787プログラムは現在月に4機生産しており、年末までに月に5機に戻す計画を維持しています。四半期において、商用航空機は49機の正味受注と116機の納入を記録しました。 飛行機は、バックログが5,400機以上で、4280億ドルに評価されています。
ディフェンス、スペース＆セキュリティ
テーブル 5.防衛、宇宙、安全保障
第 3 クォーターナイン・カ月
(百万ドル)20242023変更20242023変更
収入$5,536 $5,481 1%$18,507 $18,187 2%
事業による損失
($2,384)($924)NM($3,146)($1,663)NM
営業利益率(43.1)%(16.9)%
NM
(17.0)%(9.1)%
NM
ディフェンス、宇宙、セキュリティ部門の第三四半期の売上高は55億ドルで、営業利益率は(43.1)パーセントです。 T-7A、KC-46Aタンカー、商業クルー、MQ-25プログラムへの税引前の料金20億ドルの影響が反映されています。その他のプログラムでの不利なパフォーマンスも反映されています。
四半期中に、ディフェンス、スペース＆セキュリティが初めて生産されたMH-139Aを米空軍に納入し、米空軍から2機のE-7A Wedgetailsについて契約を確定させました。ディフェンス、スペース＆セキュリティのバックログは620億ドルで、そのうち28％が米国外の顧客からの注文を表しています。 四半期中に、ディフェンス、スペース＆セキュリティは初めて生産されたMH-139Aを米空軍に納入し、米空軍から2機のE-7A Wedgetailsについて契約を確定しました。ディフェンス、スペース＆セキュリティのバックログは620億ドルで、そのうち28％が米国外の顧客からの注文を表しています。
グローバルサービス
表6. グローバルサービス
第三四半期9ヶ月
（百万ドル）20242023変化20242023変化
収益$4,901 $4,812 2%$14,835 $14,278 4%
営業利益$834 $784 6%$2,620 $2,487 5%
営業利益率17.0 %16.3 %0.7 ポイント17.7 %17.4 %0.3 ポイント
グローバルサービスの第3四半期の売上高は$49億で、営業利益率は17.0%であり、商業の出来高とミックスが高いことを反映しています。
クォーター中に、グローバルサービスは全日本空輸とランディングギア交換プログラムおよび統合資材管理の契約を締結し、また、米空軍からKC-135の予備部品契約を獲得しました。
3
展示99.1
追加の財務情報
テーブル 7.その他の財務情報
第 3 クォーターナイン・カ月
(百万ドル)2024202320242023
収入
割り当てられていないアイテム、エリミネーション、その他($40)($65)($166)($109)
事業による損失
その他の未割り当てアイテムとエリミネーション($418)($271)($1,364)($1,067)
FAS/CASサービスのコスト調整$228 $281 $832 $863 
その他の収益、純額$265 $297 $790 $919 
利息と負債費用($728)($589)($1,970)($1,859)
実効税率0.8 %(48.9)%1.8 %(10.8)%
    その他未割り当ての項目および精算は、主に割り当てのタイミングを反映しています。
4
展示99.1
非 GAAP 対策の公開
米国における一般的に受容される会計原則(GAAP)に基づく財務情報の報告に加えて、非 GAAP 対策の財務情報によって報告を補完しています。提供される非 GAAP 財務情報は、当社の事業継続的な業績と関連しない、または関連性がない可能性がある重要な項目を除外しています。当社は、これらの非 GAAP 対策が企業の継続的な事業パフォーマンスに対する投資家の追加的な洞察を提供すると考えています。これらの非 GAAP 対策は、関連する GAAP 対策の代替手段として単独で考慮するべきではなく、他社はこれらの対策を異なる方法で定義する場合があります。投資家には、当社の財務諸表と公開報告書をすべて確認し、単一の財務対策に依存しないようにすることをお勧めします。以下に定義を示します。
Core Operating Earnings/(loss), Core Operating Margin and Core Earnings/(loss) Per Share
    Core operating earnings/(loss) is defined as GAAP Earnings/(loss) from operations excluding the FAS/CAS service cost adjustment. The FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments. Core operating margin is defined as Core operating earnings/(loss) expressed as a percentage of revenue. Core earnings/(loss) per share is defined as GAAP Diluted earnings/(loss) per share excluding the net earnings/(loss) per share impact of the FAS/CAS service cost adjustment and Non-operating pension and postretirement expenses. Non-operating pension and postretirement expenses represent the components of net periodic benefit costs other than service cost. Pension costs allocated to BDS and BGS businesses supporting government customers are computed in accordance with U.S. Government Cost Accounting Standards (CAS), which employ different actuarial assumptions and accounting conventions than GAAP. CAS costs are allocable to government contracts. Other postretirement benefit costs are allocated to all business segments based on CAS, which is generally based on benefits paid. Management uses core operating earnings/(loss), core operating margin and core earnings/(loss) per share for purposes of evaluating and forecasting underlying business performance. Management believes these core measures provide investors additional insights into operational performance as they exclude non-service pension and post-retirement costs, which primarily represent costs driven by market factors and costs not allocable to government contracts. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is provided on page 12 and 13.
Free Cash Flow
    Free cash flow is GAAP operating cash flow reduced by capital expenditures for property, plant and equipment. Management believes free cash flow provides investors with an important perspective on the cash available for shareholders, debt repayment, and acquisitions after making the capital investments required to support ongoing business operations and long term value creation. Free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt. Management uses free cash flow as a measure to assess both business performance and overall liquidity. See Table 2 on page 2 for reconciliation of free cash flow to GAAP operating cash flow.


5
Exhibit 99.1
Boeing President and CEO Kelly Ortberg’s prepared remarks for the third quarter results webcast can be accessed here:
https://investors.boeing.com/investors/events-presentations/event-details/2024/Q3-2024-The-Boeing-Company-Earnings-Conference-Call/default.aspx

Caution Concerning Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: (1) general conditions in the economy and our industry, including those due to regulatory changes; (2) our reliance on our commercial airline customers; (3) the overall health of our aircraft production system, production quality issues, commercial airplane production rates, our ability to successfully develop and certify new aircraft or new derivative aircraft, and the ability of our aircraft to meet stringent performance and reliability standards; (4) our pending acquisition of Spirit AeroSystems Holdings, Inc. (Spirit), including the satisfaction of closing conditions in the expected timeframe or at all, (5) changing budget and appropriation levels and acquisition priorities of the U.S. government, as well as significant delays in U.S. government appropriations; (6) our dependence on our subcontractors and suppliers, as well as the availability of highly skilled labor and raw materials; (7) work stoppages or other labor disruptions; (8) competition within our markets; (9) our non-U.S. operations and sales to non-U.S. customers; (10) changes in accounting estimates; (11) realizing the anticipated benefits of mergers, acquisitions, joint ventures/strategic alliances or divestitures, including anticipated synergies and quality improvements related to our pending acquisition of Spirit; (12) our dependence on U.S. government contracts; (13) our reliance on fixed-price contracts; (14) our reliance on cost-type contracts; (15) contracts that include in-orbit incentive payments; (16) unauthorized access to our, our customers’ and/or our suppliers' information and systems; (17) potential business disruptions, including threats to physical security or our information technology systems, extreme weather (including effects of climate change) or other acts of nature, and pandemics or other public health crises; (18) potential adverse developments in new or pending litigation and/or government inquiries or investigations; (19) potential environmental liabilities; (20) effects of climate change and legal, regulatory or market responses to such change; (21) credit rating agency actions and changes in our ability to obtain debt financing on commercially reasonable terms, at competitive rates and in sufficient amounts; (22) substantial pension and other postretirement benefit obligations; (23) the adequacy of our insurance coverage; and (24) customer and aircraft concentration in our customer financing portfolio.

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

# # #
Contact:
Investor Relations:  
Matt Welch or David Dufault BoeingInvestorRelations@boeing.com
Communications:  
Michael Friedman media@boeing.com

6
Exhibit 99.1
The Boeing Company and Subsidiaries
Consolidated Statements of Operations
(Unaudited)
`
Nine months ended September 30Three months ended September 30
(Dollars in millions, except per share data)2024202320242023
Sales of products$41,326 $46,661 $14,534 $15,060 
Sales of services9,949 9,115 3,306 3,044 
Total revenues51,275 55,776 17,840 18,104 
Cost of products(43,384)(43,140)(18,413)(14,464)
Cost of services(8,293)(7,609)(2,934)(2,475)
Total costs and expenses(51,677)(50,749)(21,347)(16,939)
(402)5,027 (3,507)1,165 
Income/(loss) from operating investments, net59 45 (15)28 
General and administrative expense(3,623)(3,633)(1,085)(1,043)
Research and development expense, net(2,976)(2,496)(1,154)(958)
Gain on dispositions, net5 1  
Loss from operations(6,937)(1,056)(5,761)(808)
Other income, net790 919 265 297 
Interest and debt expense(1,970)(1,859)(728)(589)
Loss before income taxes(8,117)(1,996)(6,224)(1,100)
Income tax benefit/(expense)149 (216)50 (538)
Net loss(7,968)(2,212)(6,174)(1,638)
Less: net loss attributable to noncontrolling interest(16)(13)(4)(2)
Net loss attributable to Boeing Shareholders($7,952)($2,199)($6,170)($1,636)
Basic loss per share($12.91)($3.64)($9.97)($2.70)
Diluted loss per share($12.91)($3.64)($9.97)($2.70)
Weighted average diluted shares (millions)616.1605.0618.8607.2




7
Exhibit 99.1
The Boeing Company and Subsidiaries
Consolidated Statements of Financial Position
(Unaudited) 
(Dollars in millions, except per share data)September 30
2024		December 31
2023
Assets
Cash and cash equivalents$9,961 $12,691 
Short-term and other investments509 3,274 
Accounts receivable, net2,894 2,649 
Unbilled receivables, net9,356 8,317 
Current portion of financing receivables, net457 99 
Inventories83,341 79,741 
Other current assets, net2,918 2,504 
Total current assets109,436 109,275 
Financing receivables and operating lease equipment, net321 860 
Property, plant and equipment, net of accumulated depreciation of $22,923 and $22,245
11,236 10,661 
Goodwill8,112 8,093 
Acquired intangible assets, net2,011 2,094 
Deferred income taxes44 59 
Investments1,030 1,035 
Other assets, net of accumulated amortization of $1,054 and $1,046
5,505 4,935 
Total assets$137,695 $137,012 
Liabilities and equity
Accounts payable$12,267 $11,964 
Accrued liabilities22,628 22,331 
Advances and progress billings57,931 56,328 
Short-term debt and current portion of long-term debt4,474 5,204 
Total current liabilities97,300 95,827 
Deferred income taxes249 229 
Accrued retiree health care2,121 2,233 
Accrued pension plan liability, net6,097 6,516 
Other long-term liabilities2,314 2,332 
Long-term debt53,176 47,103 
Total liabilities161,257 154,240 
Shareholders’ equity:
Common stock, par value $5.00 – 1,200,000,000 shares authorized; 1,012,261,159 shares issued
5,061 5,061 
Additional paid-in capital10,925 10,309 
Treasury stock, at cost - 394,465,404 and 402,746,136 shares
(48,564)(49,549)
Retained earnings19,299 27,251 
Accumulated other comprehensive loss(10,273)(10,305)
Total shareholders’ deficit(23,552)(17,233)
Noncontrolling interests(10)5 
Total equity(23,562)(17,228)
Total liabilities and equity$137,695 $137,012 


8
Exhibit 99.1
The Boeing Company and Subsidiaries
Consolidated Statements of Cash Flows (Unaudited)
Nine months ended September 30
(Dollars in millions)20242023
Cash flows – operating activities:
Net loss($7,968)($2,212)
Adjustments to reconcile net loss to net cash (used)/provided by operating activities:
Non-cash items – 
Share-based plans expense310 548 
Treasury shares issued for 401(k) contribution1,315 1,204 
Depreciation and amortization1,327 1,380 
Investment/asset impairment charges, net48 12 
Gain on dispositions, net(5)(1)
777X and 767 reach-forward losses3,006 
Other charges and credits, net270 (25)
Changes in assets and liabilities – 
Accounts receivable(275)(523)
Unbilled receivables(1,042)(547)
Advances and progress billings1,666 2,963 
Inventories(6,854)(940)
Other current assets(26)707 
Accounts payable122 982 
Accrued liabilities327 (574)
Income taxes receivable, payable and deferred(282)73 
Other long-term liabilities(228)(254)
Pension and other postretirement plans(736)(785)
Financing receivables and operating lease equipment, net258 472 
Other137 99 
Net cash (used)/provided by operating activities(8,630)2,579 
Cash flows – investing activities:
Payments to acquire property, plant and equipment(1,582)(1,096)
Proceeds from disposals of property, plant and equipment 46 19 
Acquisitions, net of cash acquired(50)(19)
Contributions to investments(1,751)(14,485)
Proceeds from investments4,546 10,497 
Supplier notes receivable(494)(162)
Repayments on supplier notes receivable40 
Purchase of distribution rights(88)
Other(14)5 
Net cash provided/(used) by investing activities653 (5,241)
Cash flows – financing activities:
New borrowings10,120 55 
Debt repayments(4,824)(5,181)
Stock options exercised 45 
Employee taxes on certain share-based payment arrangements(73)(52)
Other15 2 
Net cash provided/(used) by financing activities5,238 (5,131)
Effect of exchange rate changes on cash and cash equivalents8 (22)
Net decrease in cash & cash equivalents, including restricted(2,731)(7,815)
Cash & cash equivalents, including restricted, at beginning of year12,713 14,647 
Cash & cash equivalents, including restricted, at end of period9,982 6,832 
Less restricted cash & cash equivalents, included in Investments21 21 
Cash & cash equivalents at end of period$9,961 $6,811 
9
Exhibit 99.1
The Boeing Company and Subsidiaries
Summary of Business Segment Data
(Unaudited)
Nine months ended September 30Three months ended September 30
(Dollars in millions)2024202320242023
Revenues:
Commercial Airplanes$18,099 $23,420 $7,443 $7,876 
Defense, Space & Security18,507 18,187 5,536 5,481 
Global Services14,835 14,278 4,901 4,812 
Unallocated items, eliminations and other(166)(109)(40)(65)
Total revenues$51,275 $55,776 $17,840 $18,104 
Loss from operations:
Commercial Airplanes($5,879)($1,676)($4,021)($678)
Defense, Space & Security(3,146)(1,663)(2,384)(924)
Global Services2,620 2,487 834 784 
Segment operating loss(6,405)(852)(5,571)(818)
Unallocated items, eliminations and other(1,364)(1,067)(418)(271)
FAS/CAS service cost adjustment832 863 228 281 
Loss from operations(6,937)(1,056)(5,761)(808)
Other income, net790 919 265 297 
Interest and debt expense(1,970)(1,859)(728)(589)
Loss before income taxes(8,117)(1,996)(6,224)(1,100)
Income tax benefit/(expense)149 (216)50 (538)
Net loss(7,968)(2,212)(6,174)(1,638)
Less: net loss attributable to noncontrolling interest(16)(13)(4)(2)
Net loss attributable to Boeing Shareholders($7,952)($2,199)($6,170)($1,636)
Research and development expense, net:
Commercial Airplanes$1,852 $1,538 $779 $623 
Defense, Space & Security728 652 234 232 
Global Services103 84 36 30 
Other293 222 105 73 
Total research and development expense, net$2,976 $2,496 $1,154 $958 
Unallocated items, eliminations and other:
Share-based plans$118 ($33)$65 $5 
Deferred compensation(100)(71)(51)25 
Amortization of previously capitalized interest(70)(71)(24)(24)
Research and development expense, net(293)(222)(105)(73)
Eliminations and other unallocated items(1,019)(670)(303)(204)
Sub-total (included in Core operating loss)
(1,364)(1,067)(418)(271)
Pension FAS/CAS service cost adjustment608 663 148 218 
Postretirement FAS/CAS service cost adjustment224 200 80 63 
FAS/CAS service cost adjustment832 863 $228 $281 
Total($532)($204)($190)$10 




10
Exhibit 99.1
The Boeing Company and Subsidiaries
Operating and Financial Data
(Unaudited)
  
DeliveriesNine months ended September 30Three months ended September 30
Commercial Airplanes2024202320242023
737229 286 92 70 
747— 1 — — 
76715 17 6 8 
77711 17 4 8 
78736 50 14 19 
Total291 371 116 105 
Defense, Space & Security
AH-64 Apache (New)10 17 7 5
AH-64 Apache (Remanufactured)24 38 11 9
CH-47 Chinook (New)2 8 — 1
CH-47 Chinook (Renewed)7 7 2 3
F-15 Models10 6 3 —
F/A-18 Models5 16 1 3
KC-46 Tanker10 4 5 3
MH-1393 1 3 1
P-8 Models4 7 1 2
T-7A Red Hawk
1 1 1 1 
Commercial Satellites
— 3 — — 
Total1
76 108 34 28 
1 Deliveries of new-build production units, including remanufactures and modifications


Total backlog (Dollars in millions)
September 30
2024		December 31
2023
Commercial Airplanes$427,733 $440,507 
Defense, Space & Security61,621 59,012 
Global Services20,449 19,869 
Unallocated items, eliminations and other706 807 
Total backlog$510,509 $520,195 
Contractual backlog$489,325 $497,094 
Unobligated backlog21,184 23,101 
Total backlog$510,509 $520,195 
11
Exhibit 99.1
The Boeing Company and Subsidiaries
Reconciliation of Non-GAAP Measures
(Unaudited)
The tables provided below reconcile the non-GAAP financial measures core operating loss, core operating margin, and core loss per share with the most directly comparable GAAP financial measures of loss from operations, operating margin, and diluted loss per share. See page 5 of this release for additional information on the use of these non-GAAP financial measures.
(Dollars in millions, except per share data)
Third Quarter 2024
Third Quarter 2023
$ millionsPer Share$ millionsPer Share
Revenues$17,840$18,104
Loss from operations (GAAP)
(5,761)(808)
Operating margins (GAAP)(32.3)%(4.5)%
FAS/CAS service cost adjustment:
Pension FAS/CAS service cost adjustment(148)(218)
Postretirement FAS/CAS service cost adjustment(80)(63)
FAS/CAS service cost adjustment(228)(281)
Core operating loss (non-GAAP)
($5,989)($1,089)
Core operating margins (non-GAAP)
(33.6)%(6.0)%
Diluted loss per share (GAAP)
($9.97)($2.70)
Pension FAS/CAS service cost adjustment($148)($0.24)($218)($0.36)
Postretirement FAS/CAS service cost adjustment(80)(0.13)(63)(0.10)
Non-operating pension income
(123)(0.20)(134)(0.23)
Non-operating postretirement income
(18)(0.03)(15)(0.02)
Provision for deferred income taxes on adjustments 1
77 0.13 90 0.15 
Subtotal of adjustments($292)($0.47)($340)($0.56)
Core loss per share (non-GAAP)
($10.44)($3.26)
Weighted average diluted shares (in millions)618.8 607.2 
1 The income tax impact is calculated using the U.S. corporate statutory tax rate.




















12
Exhibit 99.1

The Boeing Company and Subsidiaries
Reconciliation of Non-GAAP Measures
(Unaudited)
The tables provided below reconcile the non-GAAP financial measures core operating loss, core operating margin, and core loss per share with the most directly comparable GAAP financial measures of loss from operations, operating margin, and diluted loss per share. See page 5 of this release for additional information on the use of these non-GAAP financial measures.
(Dollars in millions, except per share data)Nine Months 2024Nine Months 2023
$ millionsPer Share$ millionsPer Share
Revenues$51,275$55,776
Loss from operations (GAAP)
(6,937)(1,056)
Operating margins (GAAP)
(13.5)%(1.9)%
FAS/CAS service cost adjustment:
Pension FAS/CAS service cost adjustment(608)(663)
Postretirement FAS/CAS service cost adjustment(224)(200)
FAS/CAS service cost adjustment(832)(863)
Core operating loss (non-GAAP)($7,769)($1,919)
Core operating margins (non-GAAP)
(15.2)%(3.4)%
Diluted loss per share (GAAP)
($12.91)($3.64)
Pension FAS/CAS service cost adjustment($608)($0.99)($663)($1.10)
Postretirement FAS/CAS service cost adjustment(224)(0.36)(200)(0.33)
Non-operating pension income
(368)(0.60)(402)(0.66)
Non-operating postretirement income
(55)(0.09)(44)(0.07)
Provision for deferred income taxes on adjustments 1
264 0.43 275 0.45 
Subtotal of adjustments($991)($1.61)($1,034)($1.71)
Core loss per share (non-GAAP)
($14.52)($5.35)
Weighted average diluted shares (in millions)616.1 605.0 
1 The income tax impact is calculated using the U.S. corporate statutory tax rate.














13