NYSE$BA

Boeing · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Boeing reported a solid fourth quarter and an important year in its recovery with improved commercial volume and performance.

Boeing's fourth-quarter revenue reached $20.0 billion, with a GAAP loss per share of ($1.06) and a core loss per share (non-GAAP) of ($1.75). The company generated $3.5 billion in operating cash flow and $3.1 billion in free cash flow (non-GAAP).

  • Generated $3.5 billion of operating cash flow and $3.1 billion of free cash flow (non-GAAP).
  • Cash and marketable securities of $17.2 billion.
  • Certification efforts continue on 737-7 and 737-10.
  • Delivered 152 commercial airplanes and recorded 376 net orders.

Headline financials

Total Revenue

$20B

Previous: $14.8B+35.1%
EPS (adj)

-$1.75

Previous: -$7.69+77.2%
Commercial backlog

$330B

Previous: $297B+11.1%
Defense backlog

$54.4B

Previous: $59.8B-9.1%
Services backlog

$19.3B

Previous: $20.5B-5.6%
Commercial deliveries

152

Previous: 99+53.5%
Capital Expenditures

$326M

Previous: $222M+46.8%
Free Cash Flow

$3.13B

Previous: $494M+533.8%
Net Income

-$663M

Previous: -$4.16B+84.1%
Operating Income

-$353M

Previous: -$4.17B+91.5%
Gross Profit

$1.86B

Previous: -$2.51B+173.8%
Cash & Equivalents

$14.6B

Previous: $8.05B+81.5%
Total Assets

$137B

Previous: $139B-1.0%
Stock-Based Comp

$197M

Previous: $156M+26.3%

Revenue & EPS history

Boeing · Revenue · Quarterly

$20B

Q4 2022+35.1%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Boeing · $20B total across 3 segments · Q4 2022

  • Commercial Airplanes
    $9.22B+94.2%
  • Defense, Space & Security
    $6.18B+5.4%
  • Global Services
    $4.57B+6.4%

Forward guidance

Boeing reaffirms its guidance for 2023 with $4.5-$6.5 billion of operating cash flow and $3.0-$5.0 billion free cash flow (non-GAAP).

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.4%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.6%

Avg return

30 days after

51%

37 / 73 earnings

Positive

+13.4%

Q2 2017

Best reaction

-7.8%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.9%+5.6%+0.0%
Q4 2025-1.7%-5.9%-7.7%
Q3 2025-4.4%-8.4%-15.4%
Q2 2025-4.4%-6.1%-0.1%
Q1 2025+6.0%+12.2%+24.5%
Q4 2024+1.5%+0.8%-0.8%
Q3 2024-2.9%-5.7%-6.6%
Q2 2024-4.6%-10.6%-7.0%
Q1 2024-1.4%+2.5%+3.2%
Q4 2023+4.7%+3.1%-0.2%
Q3 2023-1.8%-0.0%+20.6%
Q2 2023+9.2%+11.5%+4.3%
Q1 2023+1.9%+0.8%+0.7%
Q4 2022+0.4%-1.1%-6.5%
Q3 2022-4.7%-2.8%+21.6%
Q2 2022+2.0%+8.4%+5.5%
Q1 2022-7.7%-11.0%-20.8%
Q4 2021-7.0%-1.9%-1.3%
Q3 2021-0.9%+2.3%-5.1%
Q2 2021+4.2%+1.4%-0.2%
Q1 2021-2.7%-3.0%+1.9%
Q4 2020-2.4%-3.1%+4.9%
Q3 2020-4.5%-4.3%+39.5%
Q2 2020-5.2%-5.0%+2.9%
Q1 2020+7.4%+0.1%+11.1%
Q4 2019+2.1%-0.2%-13.1%
Q3 2019+2.2%+1.2%+10.2%
Q2 2019-6.7%-8.8%-4.6%
Q1 2019+2.3%+1.3%-5.1%
Q4 2018+5.7%+8.8%+20.7%
Q3 2018+3.9%-4.1%-10.8%
Q2 2018+0.3%-2.0%-2.5%
Q1 2018+4.2%+1.4%+9.4%
Q4 2017+5.7%-2.6%+2.1%
Q3 2017-2.5%-2.5%-0.0%
Q2 2017+13.4%+14.1%+11.0%
Q1 2017-0.2%-0.6%+1.7%
Q4 2016+5.3%+3.1%+10.5%
Q3 2016+3.1%+2.5%+7.9%
Q2 2016-1.4%-1.2%-1.9%
Q1 2016+1.2%
Q4 2015-7.8%
Q3 2015+5.3%
Q2 2015+0.8%
Q1 2015-2.3%
Q4 2014+11.5%
Q3 2014-4.0%
Q2 2014-4.1%
Q1 2014+1.8%
Q4 2013-7.7%
Q3 2013+5.3%
Q2 2013-1.0%
Q1 2013+4.0%
Q4 2012+0.3%
Q4 2011-1.8%
Q3 2012-1.8%
Q2 2012+4.0%
Q1 2012+1.1%
Q3 2011+5.9%
Q2 2011+0.7%
Q1 2011+0.3%
Q4 2010-0.1%
Q3 2010+3.5%
Q1 2009-2.0%
Q2 2010-2.0%
Q1 2010-0.7%
Q4 2007+2.3%
Q4 2009+2.3%
Q3 2009-1.6%
Q3 2008-1.6%
Q2 2009-2.5%
Q2 2008-2.5%
Q4 2008-2.5%

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