A Dark Vector Cognition product

Cover and table of contents

12K characters. Original on sec.gov · Markdown

Cover and table of contents

ba-20210930_g1.jpg

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2021

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-442

THE BOEING COMPANY

(Exact name of registrant as specified in its charter)

Delaware91-0425694
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
100 N. Riverside Plaza,Chicago,IL60606-1596
(Address of principal executive offices)(Zip Code)
(312)544-2000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405/ of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $5.00 Par ValueBANew York Stock Exchange

As of October 20, 2021, there were 587,699,224 shares of common stock, $5.00 par value, issued and outstanding.

THE BOEING COMPANY

FORM 10-Q

For the Quarter Ended September 30, 2021

INDEX

Part I. Financial Information (Unaudited)Page
Item 1.Financial Statements1
Condensed Consolidated Statements of Operations1
Condensed Consolidated Statements of Comprehensive Income2
Condensed Consolidated Statements of Financial Position3
Condensed Consolidated Statements of Cash Flows4
Condensed Consolidated Statements of Equity5
Summary of Business Segment Data7
Note 1 - Basis of Presentation8
Note 2 - Earnings Per Share10
Note 3 - Income Taxes11
Note 4 - Allowance for Losses on Financial Assets12
Note 5 - Inventories12
Note 6 - Contracts with Customers13
Note 7 - Customer Financing14
Note 8 - Investments15
Note 9 - Commitments & Contingencies16
Note 10 - Arrangements with Off-Balance Sheet Risk22
Note 11 - Debt22
Note 12 - Postretirement Plans23
Note 13 - Share-Based Compensation and Other Comprehensive Arrangements24
Note 14 - Shareholders' Equity25
Note 15 - Derivative Financial Instruments26
Note 16 - Fair Value Measurements28
Note 17 - Legal Proceedings30
Note 18 - Segment and Revenue Information31
Report of Independent Registered Public Accounting Firm35
Forward-Looking Statements36
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations38
Consolidated Results of Operations and Financial Condition38
Commercial Airplanes47
Defense, Space & Security51
Global Services54
Boeing Capital55
Liquidity and Capital Resources56
Off-Balance Sheet Arrangements57
Contingent Obligations57
Non-GAAP Measures57
Item 3.Quantitative and Qualitative Disclosures About Market Risk59
Item 4.Controls and Procedures60
Part II. Other Information
Item 1.Legal Proceedings61
Item 1A.Risk Factors61
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds61
Item 3.Defaults Upon Senior Securities61
Item 4.Mine Safety Disclosures61
Item 5.Other Information61
Item 6.Exhibits62
Signature63

Part I. Financial Information

Next: Item 1. Financial Statements