The Boeing Company and Subsidiaries | |||||||||||||||||
Summary of Business Segment Data - Restated | |||||||||||||||||
(Unaudited) | |||||||||||||||||
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The restated amounts below reflect the change in accounting for military derivative aircraft as well as the realignment of certain programs between Global Services and Defense, Space & Security. | |||||||||||||||||
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(Dollars in millions) | 2018 |
| Q4 2018 |
| Q3 2018 |
| Q2 2018 |
| Q1 2018 |
| 2017 | ||||||
Revenues: |
|
|
|
|
|
|
|
|
|
|
| ||||||
Commercial Airplanes | $57,499 |
| $16,531 |
| $14,071 |
| $13,952 |
| $12,945 |
| $54,612 | ||||||
Defense, Space & Security | 26,392 |
| 6,874 |
| 6,937 |
| 6,100 |
| 6,481 |
| 23,938 | ||||||
Global Services | 17,056 |
| 4,908 |
| 4,101 |
| 4,097 |
| 3,950 |
| 14,611 | ||||||
Boeing Capital | 274 |
| 60 |
| 77 |
| 72 |
| 65 |
| 307 | ||||||
Unallocated items, eliminations and other | (94) |
| (32) |
| (40) |
| 37 |
| (59) |
| 537 | ||||||
Total revenues | 101,127 |
| 28,341 |
| 25,146 |
| 24,258 |
| 23,382 |
| 94,005 | ||||||
Earnings from operations: |
|
|
|
|
|
|
|
|
|
|
| ||||||
Commercial Airplanes | 7,830 |
| 2,600 |
| 2,033 |
| 1,785 |
| 1,412 |
| 5,285 | ||||||
Defense, Space & Security | 1,657 |
| 771 |
| (247) |
| 376 |
| 757 |
| 2,383 | ||||||
Global Services | 2,536 |
| 737 |
| 548 |
| 604 |
| 647 |
| 2,251 | ||||||
Boeing Capital | 79 |
| 8 |
| 27 |
| 24 |
| 20 |
| 114 | ||||||
Segment operating profit | 12,102 |
| 4,116 |
| 2,361 |
| 2,789 |
| 2,836 |
| 10,033 | ||||||
Unallocated items, eliminations and other | (1,442) |
| (249) |
| (471) |
| (396) |
| (326) |
| (1,127) | ||||||
FAS/CAS service cost adjustment | 1,327 |
| 308 |
| 337 |
| 317 |
| 365 |
| 1,438 | ||||||
Earnings from operations | 11,987 |
| 4,175 |
| 2,227 |
| 2,710 |
| 2,875 |
| 10,344 | ||||||
Other income/(loss), net | 92 |
| 29 |
| 12 |
| (15) |
| 66 |
| 123 | ||||||
Interest and debt expense | (475) |
| (158) |
| (106) |
| (109) |
| (102) |
| (360) | ||||||
Earnings before income taxes | 11,604 |
| 4,046 |
| 2,133 |
| 2,586 |
| 2,839 |
| 10,107 | ||||||
Income tax (expense)/benefit | (1,144) |
| (622) |
| 230 |
| (390) |
| (362) |
| (1,649) | ||||||
Net earnings | $10,460 |
| $3,424 |
| $2,363 |
| $2,196 |
| $2,477 |
| $8,458 |